UTBPX vs. PWTYX

Last updated Apr 1, 2026

Compare and contrast key facts about UBS Multi Income Bond Fund (UTBPX) and UBS U.S. Allocation Fund (PWTYX).

UTBPX is managed by UBS. It was launched on Dec 19, 1972. PWTYX is managed by UBS. It was launched on May 9, 1993.

Performance

UTBPX vs. PWTYX - Performance Comparison

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

UTBPX vs. PWTYX - 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%
PWTYX UBS U.S. Allocation Fund	-5.56%	13.28%	14.01%	17.73%	-17.04%	16.19%	17.66%	23.75%	-7.80%	15.77%

Returns By Period

In the year-to-date period, UTBPX achieves a -1.29% return, which is significantly higher than PWTYX's -5.56% return.

UTBPX

• 1D: 0.38%
• 1M: -2.61%
• YTD: -1.29%
• 6M: -0.05%
• 1Y: 3.65%
• 3Y*: 3.65%
• 5Y*: 0.50%
• 10Y*: —

PWTYX

• 1D: -0.20%
• 1M: -7.61%
• YTD: -5.56%
• 6M: -3.44%
• 1Y: 10.34%
• 3Y*: 11.12%
• 5Y*: 5.97%
• 10Y*: 8.64%

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

UTBPX vs. PWTYX - Expense Ratio Comparison

UTBPX has a 1.72% expense ratio, which is higher than PWTYX's 0.70% expense ratio.

UTBPX

UBS Multi Income Bond Fund

PWTYX

UBS U.S. Allocation Fund

Return for Risk

UTBPX vs. PWTYX — Risk / Return Rank

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

UTBPX

UTBPX Risk / Return Rank: 40
UTBPX Sharpe Ratio Rank: 42
UTBPX Sortino Ratio Rank: 37
UTBPX Omega Ratio Rank: 33
UTBPX Calmar Ratio Rank: 48
UTBPX Martin Ratio Rank: 37

PWTYX

PWTYX Risk / Return Rank: 38
PWTYX Sharpe Ratio Rank: 45
PWTYX Sortino Ratio Rank: 45
PWTYX Omega Ratio Rank: 44
PWTYX Calmar Ratio Rank: 27
PWTYX Martin Ratio Rank: 30

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. PWTYX - Risk-Adjusted Trends Comparison

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

	UTBPX	PWTYX	Difference
Sharpe ratio Return per unit of total volatility	0.87	0.90	-0.03
Sortino ratio Return per unit of downside risk	1.22	1.32	-0.10
Omega ratio Gain probability vs. loss probability	1.16	1.19	-0.03
Calmar ratio Return relative to maximum drawdown	1.19	0.79	+0.40
Martin ratio Return relative to average drawdown	3.98	3.21	+0.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UTBPX vs. PWTYX - Sharpe Ratio Comparison

The current UTBPX Sharpe Ratio is 0.87, which is comparable to the PWTYX Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of UTBPX and PWTYX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UTBPX	PWTYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	0.90	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	0.46	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.51	-0.07

Correlation

The correlation between UTBPX and PWTYX is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

UTBPX vs. PWTYX - Dividend Comparison

UTBPX's dividend yield for the trailing twelve months is around 4.63%, less than PWTYX's 9.93% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
PWTYX UBS U.S. Allocation Fund	9.93%	9.38%	8.32%	1.61%	9.95%	16.86%	5.85%	2.22%	11.82%	2.53%	0.68%

Drawdowns

UTBPX vs. PWTYX - Drawdown Comparison

The maximum UTBPX drawdown since its inception was -16.84%, smaller than the maximum PWTYX drawdown of -51.86%. Use the drawdown chart below to compare losses from any high point for UTBPX and PWTYX.

Drawdown Indicators

	UTBPX	PWTYX	Difference
Max Drawdown Largest peak-to-trough decline	-16.84%	-51.86%	+35.02%
Max Drawdown (1Y) Largest decline over 1 year	-3.13%	-8.66%	+5.53%
Max Drawdown (5Y) Largest decline over 5 years	-16.84%	-21.84%	+5.00%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.34%	—
Current Drawdown Current decline from peak	-2.61%	-7.87%	+5.26%
Average Drawdown Average peak-to-trough decline	-4.09%	-7.65%	+3.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	2.53%	-1.59%

Volatility

UTBPX vs. PWTYX - Volatility Comparison

The current volatility for UBS Multi Income Bond Fund (UTBPX) is 1.94%, while UBS U.S. Allocation Fund (PWTYX) has a volatility of 3.64%. This indicates that UTBPX experiences smaller price fluctuations and is considered to be less risky than PWTYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UTBPX	PWTYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.94%	3.64%	-1.70%
Volatility (6M) Calculated over the trailing 6-month period	2.52%	7.27%	-4.75%
Volatility (1Y) Calculated over the trailing 1-year period	4.40%	12.91%	-8.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.81%	13.11%	-8.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.34%	12.88%	-8.54%