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 1.74%/yr vs 13.53%/yr for PCLCX. Their 0.10 correlation means their historical movements had little consistent relationship. 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 0.12% return, which is significantly higher than PCLCX's -3.77% return. Over the past 10 years, UTBPX has underperformed PCLCX with an annualized return of 1.74%, while PCLCX has yielded a comparatively higher 13.53% annualized return.
UTBPX
- 1D
- 0.08%
- 1M
- -1.10%
- 6M
- -0.40%
- YTD
- 0.12%
- 1Y
- 3.07%
- 3Y*
- 3.96%
- 5Y*
- 0.15%
- 10Y*
- 1.74%
- ALL TIME*
- 1.98%
PCLCX
- 1D
- 3.33%
- 1M
- -3.71%
- 6M
- -1.68%
- YTD
- -3.77%
- 1Y
- -0.40%
- 3Y*
- 12.75%
- 5Y*
- 6.68%
- 10Y*
- 13.53%
- ALL TIME*
- 8.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
UTBPX vs. PCLCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTBPX UBS Multi Income Bond Fund | 0.12% | 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 | -3.77% | 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 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.24 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.11 |
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 (0.44) 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 | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.01 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | -0.02 | +1.38 |
| Martin ratioReturn relative to average drawdown | 4.71 | -0.04 | +4.75 |
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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 | -4.35% | -21.26% | +16.91% |
Max Drawdown (5Y)Largest decline over 5 years | -16.78% | -38.81% | +22.03% |
Max Drawdown (10Y)Largest decline over 10 years | -16.84% | -38.81% | +21.97% |
Current DrawdownCurrent decline from peak | -1.61% | -8.38% | +6.77% |
Average DrawdownAverage peak-to-trough decline | -3.98% | -20.26% | +16.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 6.07% | -5.21% |
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 7.29%. 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% | 7.29% | -6.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | 13.90% | -10.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.97% | 17.08% | -13.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.90% | 37.17% | -32.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.37% | 31.09% | -26.72% |
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 4.30%, less than PCLCX's 21.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCLCX PACE Large Co Growth Equity Investments | 21.46% | 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 | 4.30% | 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 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCLCX has higher volatility (7.29%) 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 (1.03 vs -0.02), 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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