UTBPX vs. PCLCX
UTBPX (UBS Multi Income Bond Fund) and PCLCX (PACE Large Co Growth Equity Investments) are both mutual funds - UTBPX is a Intermediate Core-Plus Bond fund managed by UBS, while PCLCX is a Large Cap Growth Equities fund managed by UBS. Over the past 10 years, UTBPX returned 2.07%/yr vs 14.97%/yr for PCLCX. At a 0.10 correlation, their price movements are largely independent. UTBPX charges 1.72%/yr vs 0.88%/yr for PCLCX.
Performance
UTBPX vs. PCLCX - Performance Comparison
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Returns By Period
In the year-to-date period, UTBPX achieves a 1.61% return, which is significantly lower than PCLCX's 3.35% return. Over the past 10 years, UTBPX has underperformed PCLCX with an annualized return of 2.07%, while PCLCX has yielded a comparatively higher 14.97% 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%
PCLCX
- 1D
- 1.68%
- 1M
- 1.25%
- YTD
- 3.35%
- 6M
- 2.53%
- 1Y
- 13.72%
- 3Y*
- 17.19%
- 5Y*
- 9.52%
- 10Y*
- 14.97%
UTBPX vs. PCLCX - 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% |
PCLCX PACE Large Co Growth Equity Investments | 3.35% | 9.86% | 28.05% | 35.17% | -28.18% | 20.18% | 39.70% | 31.99% | -3.18% | 29.89% |
Correlation
The correlation between UTBPX and PCLCX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.10 |
Over the past year, UTBPX and PCLCX have become more correlated (0.47) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
UTBPX vs. PCLCX — Risk / Return Rank
UTBPX
PCLCX
UTBPX vs. PCLCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS Multi Income Bond Fund (UTBPX) and PACE Large Co Growth Equity Investments (PCLCX). 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 | PCLCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.17 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 0.83 | +1.47 |
| Martin ratioReturn relative to average drawdown | 8.56 | 2.37 | +6.19 |
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Drawdowns
UTBPX vs. PCLCX - Drawdown Comparison
The maximum UTBPX drawdown since its inception was -16.84%, smaller than the maximum PCLCX drawdown of -63.98%. Use the drawdown chart below to compare losses from any high point for UTBPX and PCLCX.
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Drawdown Indicators
| UTBPX | PCLCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.84% | -63.98% | +47.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -17.06% | +14.08% |
Max Drawdown (3Y)Largest decline over 3 years | -5.33% | -21.26% | +15.93% |
Max Drawdown (5Y)Largest decline over 5 years | -16.84% | -38.81% | +21.97% |
Max Drawdown (10Y)Largest decline over 10 years | -16.84% | -38.81% | +21.97% |
Current DrawdownCurrent decline from peak | -0.15% | -1.60% | +1.45% |
Average DrawdownAverage peak-to-trough decline | -4.01% | -20.31% | +16.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 5.78% | -4.99% |
Volatility
UTBPX vs. PCLCX - Volatility Comparison
The current volatility for UBS Multi Income Bond Fund (UTBPX) is 1.17%, while PACE Large Co Growth Equity Investments (PCLCX) has a volatility of 6.19%. This indicates that UTBPX experiences smaller price fluctuations and is considered to be less risky than PCLCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTBPX | PCLCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 6.19% | -5.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 12.07% | -8.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.95% | 15.16% | -11.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 37.00% | -32.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.36% | 31.02% | -26.66% |
UTBPX vs. PCLCX - Expense Ratio Comparison
UTBPX has a 1.72% expense ratio, which is higher than PCLCX's 0.88% expense ratio.
Dividends
UTBPX vs. PCLCX - Dividend Comparison
UTBPX's dividend yield for the trailing twelve months is around 4.63%, less than PCLCX's 19.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCLCX PACE Large Co Growth Equity Investments | 19.99% | 20.66% | 11.94% | 2.09% | 60.17% | 22.81% | 18.38% | 16.53% | 22.05% | 10.32% | 3.30% | 17.60% |
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
UTBPX and PCLCX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCLCX has higher volatility (6.19%) compared to UTBPX (1.17%). In terms of maximum drawdown, UTBPX dropped -16.84% vs PCLCX's -63.98%.
UTBPX currently has the higher Sharpe Ratio (1.74 vs 0.94), 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.
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