UTBPX vs. BNUEX

Last updated Jun 23, 2026

UTBPX (UBS Multi Income Bond Fund) and BNUEX (UBS International Sustainable Equity Fund) are both mutual funds - UTBPX is a Intermediate Core-Plus Bond fund managed by UBS, while BNUEX is a Foreign Large Cap Equities fund managed by UBS. Over the past 10 years, UTBPX returned 2.07%/yr vs 8.75%/yr for BNUEX. At a 0.16 correlation, their price movements are largely independent. UTBPX charges 1.72%/yr vs 1.00%/yr for BNUEX.

Performance

UTBPX vs. BNUEX - Performance Comparison

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

Returns By Period

In the year-to-date period, UTBPX achieves a 1.61% return, which is significantly lower than BNUEX's 5.29% return. Over the past 10 years, UTBPX has underperformed BNUEX with an annualized return of 2.07%, while BNUEX has yielded a comparatively higher 8.75% annualized return.

UTBPX

• 1D: 0.15%
• 1M: 1.35%
• YTD: 1.61%
• 6M: 1.91%
• 1Y: 6.56%
• 3Y*: 4.50%
• 5Y*: 0.65%
• 10Y*: 2.07%

BNUEX

• 1D: 0.30%
• 1M: -0.60%
• YTD: 5.29%
• 6M: 5.79%
• 1Y: 20.29%
• 3Y*: 13.89%
• 5Y*: 6.97%
• 10Y*: 8.75%

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

UTBPX vs. BNUEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UTBPX UBS Multi Income Bond Fund	1.61%	6.60%	1.67%	6.67%	-11.74%	-1.49%	6.51%	10.62%	-2.08%	4.81%
BNUEX UBS International Sustainable Equity Fund	5.29%	29.10%	6.62%	15.40%	-14.08%	3.24%	12.95%	22.61%	-16.73%	31.21%

Correlation

The correlation between UTBPX and BNUEX is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since May 23, 2016	0.16

Over the past year, UTBPX and BNUEX have become more correlated (0.56) than their long-term average of 0.16, meaning their price movements have been converging.

Return for Risk

UTBPX vs. BNUEX — Risk / Return Rank

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

UTBPX

UTBPX Risk / Return Rank: 43
UTBPX Sharpe Ratio Rank: 41
UTBPX Sortino Ratio Rank: 44
UTBPX Omega Ratio Rank: 45
UTBPX Calmar Ratio Rank: 40
UTBPX Martin Ratio Rank: 42

BNUEX

BNUEX Risk / Return Rank: 35
BNUEX Sharpe Ratio Rank: 34
BNUEX Sortino Ratio Rank: 32
BNUEX Omega Ratio Rank: 33
BNUEX Calmar Ratio Rank: 34
BNUEX Martin Ratio Rank: 41

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.

UTBPX vs. BNUEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS Multi Income Bond Fund (UTBPX) 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.

	UTBPX	BNUEX	Difference
Sharpe ratio: Return per unit of total volatility	1.74	1.56	+0.17
Sortino ratio: Return per unit of downside risk	2.60	2.18	+0.42
Omega ratio: Gain probability vs. loss probability	1.34	1.28	+0.05
Calmar ratio: Return relative to maximum drawdown	2.30	2.08	+0.22
Martin ratio: Return relative to average drawdown	8.56	8.29	+0.28

UTBPX vs. BNUEX - Sharpe Ratio Comparison

The current UTBPX Sharpe Ratio is 1.74, which is comparable to the BNUEX Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of UTBPX and BNUEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UTBPX vs. BNUEX - Drawdown Comparison

The maximum UTBPX drawdown since its inception was -16.84%, smaller than the maximum BNUEX drawdown of -61.03%. Use the drawdown chart below to compare losses from any high point for UTBPX and BNUEX.

Drawdown Indicators

	UTBPX	BNUEX	Difference
Max Drawdown Largest peak-to-trough decline	-16.84%	-61.03%	+44.19%
Max Drawdown (1Y) Largest decline over 1 year	-2.98%	-10.04%	+7.06%
Max Drawdown (3Y) Largest decline over 3 years	-5.33%	-15.71%	+10.38%
Max Drawdown (5Y) Largest decline over 5 years	-16.84%	-30.38%	+13.54%
Max Drawdown (10Y) Largest decline over 10 years	-16.84%	-36.07%	+19.23%
Current Drawdown Current decline from peak	-0.15%	-1.26%	+1.11%
Average Drawdown Average peak-to-trough decline	-4.01%	-12.03%	+8.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	2.45%	-1.66%

Volatility

UTBPX vs. BNUEX - Volatility Comparison

The current volatility for UBS Multi Income Bond Fund (UTBPX) is 1.17%, while UBS International Sustainable Equity Fund (BNUEX) has a volatility of 4.14%. This indicates that UTBPX experiences smaller price fluctuations and is considered to be less risky than BNUEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UTBPX	BNUEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.17%	4.14%	-2.97%
Volatility (6M) Calculated over the trailing 6-month period	3.10%	10.18%	-7.08%
Volatility (1Y) Calculated over the trailing 1-year period	3.95%	13.34%	-9.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.88%	15.43%	-10.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.36%	16.01%	-11.65%

UTBPX vs. BNUEX - Expense Ratio Comparison

UTBPX has a 1.72% expense ratio, which is higher than BNUEX's 1.00% expense ratio.

Dividends

UTBPX vs. BNUEX - Dividend Comparison

UTBPX's dividend yield for the trailing twelve months is around 4.63%, more than BNUEX's 1.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BNUEX UBS International Sustainable Equity Fund	1.84%	1.94%	1.64%	0.85%	14.17%	9.87%	1.30%	1.43%	1.99%	1.38%	2.37%	1.31%
UTBPX UBS Multi Income Bond Fund	4.63%	4.18%	4.53%	3.54%	2.84%	1.89%	2.11%	2.80%	3.05%	2.46%	1.68%	0.00%

Frequently Asked Questions

Can I hold both UTBPX and BNUEX in my portfolio?

UTBPX and BNUEX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UTBPX or BNUEX?

BNUEX has higher volatility (4.14%) compared to UTBPX (1.17%). In terms of maximum drawdown, UTBPX dropped -16.84% vs BNUEX's -61.03%.

Which has better risk-adjusted returns?

UTBPX currently has the higher Sharpe Ratio (1.74 vs 1.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.