USIAX vs. PCSGX

Last updated Jun 4, 2026

USIAX (UBS Ultra Short Income Fund) and PCSGX (PACE Small/Medium Co Growth Equity Investments) are both mutual funds - USIAX is a Ultrashort Bond fund managed by UBS, while PCSGX is a Small Cap Growth Equities fund managed by UBS. At a correlation of -0.87, they often move in opposite directions. USIAX charges 0.35%/yr vs 1.03%/yr for PCSGX.

Performance

USIAX vs. PCSGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in UBS Ultra Short Income Fund (USIAX) and PACE Small/Medium Co Growth Equity Investments (PCSGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

USIAX

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PCSGX

• 1D: 0.49%
• 1M: 6.12%
• YTD: 13.73%
• 6M: 12.65%
• 1Y: 22.83%
• 3Y*: 11.85%
• 5Y*: 3.12%
• 10Y*: 11.12%

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

USIAX vs. PCSGX - Yearly Performance Comparison

	2026 (YTD)
USIAX UBS Ultra Short Income Fund	0.32%
PCSGX PACE Small/Medium Co Growth Equity Investments	0.61%

Correlation

The correlation between USIAX and PCSGX is -0.87, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	-0.87

Return for Risk

USIAX vs. PCSGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PCSGX

PCSGX Risk / Return Rank: 25
PCSGX Sharpe Ratio Rank: 22
PCSGX Sortino Ratio Rank: 25
PCSGX Omega Ratio Rank: 20
PCSGX Calmar Ratio Rank: 28
PCSGX Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

USIAX vs. PCSGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS Ultra Short Income Fund (USIAX) and PACE Small/Medium Co Growth Equity Investments (PCSGX). 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.

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

Sharpe Ratios by Period

	USIAX	PCSGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.36	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.14	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	12.88	0.44	+12.44

Drawdowns

USIAX vs. PCSGX - Drawdown Comparison

The maximum USIAX drawdown since its inception was 0.00%, smaller than the maximum PCSGX drawdown of -56.32%. Use the drawdown chart below to compare losses from any high point for USIAX and PCSGX.

Drawdown Indicators

	USIAX	PCSGX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-56.32%	+56.32%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.48%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-27.64%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.35%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	0.00%	-12.41%	+12.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.63%	—

Volatility

Volatility by Period

	USIAX	PCSGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.98%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.98%	19.52%	-16.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.98%	22.85%	-19.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.98%	22.84%	-19.86%

USIAX vs. PCSGX - Expense Ratio Comparison

USIAX has a 0.35% expense ratio, which is lower than PCSGX's 1.03% expense ratio.

Dividends

USIAX vs. PCSGX - Dividend Comparison

USIAX's dividend yield for the trailing twelve months is around 0.32%, less than PCSGX's 5.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PCSGX PACE Small/Medium Co Growth Equity Investments	5.63%	6.40%	3.06%	0.00%	0.00%	45.92%	6.50%	15.70%	20.15%	5.56%	0.00%	25.13%
USIAX UBS Ultra Short Income Fund	0.32%	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 PCSGX in my portfolio?

USIAX and PCSGX have a correlation of -0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.