USIAX vs. BNUEX

Last updated Aug 1, 2026

USIAX (UBS Ultra Short Income Fund) and BNUEX (UBS International Sustainable Equity Fund) are both mutual funds - USIAX is a Ultrashort Bond fund managed by UBS, while BNUEX is a Foreign Large Cap Equities fund managed by UBS. Their 0.46 correlation means their historical movements had little consistent relationship. USIAX charges 0.35%/yr vs 1.00%/yr for BNUEX.

Performance

USIAX vs. BNUEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in UBS Ultra Short Income Fund (USIAX) and UBS International Sustainable Equity Fund (BNUEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

USIAX

• 1D: 0.00%
• 1M: -0.10%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BNUEX

• 1D: 1.61%
• 1M: 2.36%
• 6M: 7.18%
• YTD: 9.72%
• 1Y: 22.31%
• 3Y*: 14.58%
• 5Y*: 8.17%
• 10Y*: 8.97%
• ALL TIME*: 5.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BNUEX UBS International Sustainable Equity Fund	$0.00	$0.00	$0.00
USIAX UBS Ultra Short Income Fund	$0.00	$0.00	$0.00

USIAX vs. BNUEX - Yearly Performance Comparison

	2026 (YTD)
USIAX UBS Ultra Short Income Fund	0.54%
BNUEX UBS International Sustainable Equity Fund	3.35%

Correlation

The correlation between USIAX and BNUEX is 0.46, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.46

Return for Risk

USIAX vs. BNUEX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

USIAX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BNUEX

BNUEX Risk / Return Rank: 71
BNUEX Sharpe Ratio Rank: 73
BNUEX Sortino Ratio Rank: 70
BNUEX Omega Ratio Rank: 71
BNUEX Calmar Ratio Rank: 68
BNUEX Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

USIAX vs. BNUEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS Ultra Short Income Fund (USIAX) and UBS International Sustainable Equity Fund (BNUEX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	USIAX	BNUEX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.71	—
Sortino ratio: Return per unit of downside risk	—	2.39	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	2.25	—
Martin ratio: Return relative to average drawdown	—	9.07	—

Drawdowns

USIAX vs. BNUEX - Drawdown Comparison

The maximum USIAX drawdown since its inception was -0.10%, smaller than the maximum BNUEX drawdown of -61.03%. Use the drawdown chart below to compare losses from any high point for USIAX and BNUEX.

Drawdown Indicators

	USIAX	BNUEX	Difference
Max Drawdown Largest peak-to-trough decline	-0.10%	-61.03%	+60.93%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.04%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.38%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.07%	—
Current Drawdown Current decline from peak	-0.10%	0.00%	-0.10%
Average Drawdown Average peak-to-trough decline	-0.06%	-11.99%	+11.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.46%	—

Volatility

Volatility by Period

	USIAX	BNUEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.17%	13.23%	-12.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.17%	15.44%	-14.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.17%	15.73%	-14.56%

USIAX vs. BNUEX - Expense Ratio Comparison

USIAX has a 0.35% expense ratio, which is lower than BNUEX's 1.00% expense ratio.

Dividends

USIAX vs. BNUEX - Dividend Comparison

USIAX's dividend yield for the trailing twelve months is around 0.64%, less than BNUEX's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BNUEX UBS International Sustainable Equity Fund	1.77%	1.94%	1.64%	0.85%	14.17%	9.87%	1.30%	1.43%	1.99%	1.38%	2.37%	1.31%
USIAX UBS Ultra Short Income Fund	0.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USIAX and BNUEX in my portfolio?

USIAX and BNUEX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.