UTBPX vs. BPGLX
UTBPX (UBS Multi Income Bond Fund) and BPGLX (UBS Global Allocation Fund) are both mutual funds - UTBPX is a Intermediate Core-Plus Bond fund managed by UBS, while BPGLX is a Global Allocation fund managed by UBS. Over the past 10 years, UTBPX returned 1.88%/yr vs 7.48%/yr for BPGLX. At a 0.24 correlation, their price movements are largely independent. UTBPX charges 1.72%/yr vs 0.95%/yr for BPGLX.
Performance
UTBPX vs. BPGLX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UTBPX achieves a 1.29% return, which is significantly lower than BPGLX's 7.99% return. Over the past 10 years, UTBPX has underperformed BPGLX with an annualized return of 1.88%, while BPGLX has yielded a comparatively higher 7.48% annualized return.
UTBPX
- 1D
- 0.00%
- 1M
- -0.09%
- 6M
- 0.99%
- YTD
- 1.29%
- 1Y
- 5.71%
- 3Y*
- 4.66%
- 5Y*
- 0.50%
- 10Y*
- 1.88%
BPGLX
- 1D
- 0.48%
- 1M
- 0.68%
- 6M
- 5.36%
- YTD
- 7.99%
- 1Y
- 19.63%
- 3Y*
- 13.64%
- 5Y*
- 5.53%
- 10Y*
- 7.48%
UTBPX vs. BPGLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTBPX UBS Multi Income Bond Fund | 1.29% | 6.60% | 1.67% | 6.67% | -11.74% | -1.49% | 6.51% | 10.62% | -2.08% | 4.81% |
BPGLX UBS Global Allocation Fund | 7.99% | 19.02% | 8.56% | 9.69% | -16.82% | 8.09% | 13.84% | 19.05% | -7.56% | 17.08% |
Correlation
The correlation between UTBPX and BPGLX is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.24 |
Over the past year, UTBPX and BPGLX have become more correlated (0.62) than their long-term average of 0.24, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UTBPX vs. BPGLX — Risk / Return Rank
UTBPX
BPGLX
UTBPX vs. BPGLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS Multi Income Bond Fund (UTBPX) and UBS Global Allocation Fund (BPGLX). 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 | BPGLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.36 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.37 | -0.55 |
| Martin ratioReturn relative to average drawdown | 6.91 | 9.61 | -2.71 |
Loading charts...
Drawdowns
UTBPX vs. BPGLX - Drawdown Comparison
The maximum UTBPX drawdown since its inception was -16.84%, smaller than the maximum BPGLX drawdown of -53.03%. Use the drawdown chart below to compare losses from any high point for UTBPX and BPGLX.
Loading charts...
Drawdown Indicators
| UTBPX | BPGLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.84% | -53.03% | +36.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -8.99% | +6.01% |
Max Drawdown (3Y)Largest decline over 3 years | -5.33% | -11.25% | +5.92% |
Max Drawdown (5Y)Largest decline over 5 years | -16.84% | -22.24% | +5.40% |
Max Drawdown (10Y)Largest decline over 10 years | -16.84% | -23.37% | +6.53% |
Current DrawdownCurrent decline from peak | -0.74% | -1.01% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -5.77% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 2.14% | -1.35% |
Volatility
UTBPX vs. BPGLX - Volatility Comparison
The current volatility for UBS Multi Income Bond Fund (UTBPX) is 1.16%, while UBS Global Allocation Fund (BPGLX) has a volatility of 3.55%. This indicates that UTBPX experiences smaller price fluctuations and is considered to be less risky than BPGLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UTBPX | BPGLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 3.55% | -2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | 9.22% | -6.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.94% | 10.99% | -7.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.89% | 10.75% | -5.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.36% | 10.84% | -6.48% |
UTBPX vs. BPGLX - Expense Ratio Comparison
UTBPX has a 1.72% expense ratio, which is higher than BPGLX's 0.95% expense ratio.
Dividends
UTBPX vs. BPGLX - Dividend Comparison
UTBPX's dividend yield for the trailing twelve months is around 4.69%, more than BPGLX's 1.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BPGLX UBS Global Allocation Fund | 1.92% | 2.08% | 2.02% | 2.37% | 4.65% | 18.98% | 1.78% | 7.15% | 0.00% | 1.64% | 2.42% | 2.83% |
UTBPX UBS Multi Income Bond Fund | 4.69% | 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
UTBPX and BPGLX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BPGLX has higher volatility (3.55%) compared to UTBPX (1.16%). In terms of maximum drawdown, UTBPX dropped -16.84% vs BPGLX's -53.03%.
BPGLX currently has the higher Sharpe Ratio (1.94 vs 1.38), 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.
Find the right allocation for UTBPX and BPGLX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer