UTBPX vs. RCS
UTBPX (UBS Multi Income Bond Fund) and RCS (PIMCO Strategic Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, UTBPX returned 1.98%/yr vs 3.21%/yr for RCS. At a 0.14 correlation, their price movements are largely independent.
Performance
UTBPX vs. RCS - Performance Comparison
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Returns By Period
In the year-to-date period, UTBPX achieves a 0.93% return, which is significantly higher than RCS's -1.28% return. Over the past 10 years, UTBPX has underperformed RCS with an annualized return of 1.98%, while RCS has yielded a comparatively higher 3.21% annualized return.
UTBPX
- 1D
- -0.37%
- 1M
- 0.67%
- YTD
- 0.93%
- 6M
- 1.01%
- 1Y
- 5.18%
- 3Y*
- 4.40%
- 5Y*
- 0.56%
- 10Y*
- 1.98%
RCS
- 1D
- -0.94%
- 1M
- -1.69%
- YTD
- -1.28%
- 6M
- -13.13%
- 1Y
- -17.84%
- 3Y*
- 9.13%
- 5Y*
- 1.56%
- 10Y*
- 3.21%
UTBPX vs. RCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTBPX UBS Multi Income Bond Fund | 0.93% | 6.60% | 1.67% | 6.67% | -11.74% | -1.49% | 6.51% | 10.62% | -2.08% | 4.81% |
RCS PIMCO Strategic Income Fund | -1.28% | -21.48% | 37.47% | 37.60% | -18.72% | 6.33% | -16.19% | 1.62% | 15.51% | 14.39% |
Correlation
The correlation between UTBPX and RCS is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.14 |
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Return for Risk
UTBPX vs. RCS — Risk / Return Rank
UTBPX
RCS
UTBPX vs. RCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS Multi Income Bond Fund (UTBPX) and PIMCO Strategic Income Fund (RCS). 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 | RCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +3.05 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.88 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | -0.54 | +2.41 |
| Martin ratioReturn relative to average drawdown | 6.93 | -0.91 | +7.84 |
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Drawdowns
UTBPX vs. RCS - Drawdown Comparison
The maximum UTBPX drawdown since its inception was -16.84%, smaller than the maximum RCS drawdown of -46.69%. Use the drawdown chart below to compare losses from any high point for UTBPX and RCS.
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Drawdown Indicators
| UTBPX | RCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.84% | -46.69% | +29.85% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -32.94% | +29.96% |
Max Drawdown (3Y)Largest decline over 3 years | -5.33% | -32.94% | +27.61% |
Max Drawdown (5Y)Largest decline over 5 years | -16.84% | -36.18% | +19.34% |
Max Drawdown (10Y)Largest decline over 10 years | -16.84% | -46.69% | +29.85% |
Current DrawdownCurrent decline from peak | -0.81% | -29.58% | +28.77% |
Average DrawdownAverage peak-to-trough decline | -4.01% | -9.41% | +5.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 19.57% | -18.77% |
Volatility
UTBPX vs. RCS - Volatility Comparison
The current volatility for UBS Multi Income Bond Fund (UTBPX) is 1.19%, while PIMCO Strategic Income Fund (RCS) has a volatility of 6.06%. This indicates that UTBPX experiences smaller price fluctuations and is considered to be less risky than RCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTBPX | RCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 6.06% | -4.87% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 20.85% | -17.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 23.85% | -19.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 25.19% | -20.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.36% | 25.83% | -21.47% |
Dividends
UTBPX vs. RCS - Dividend Comparison
UTBPX's dividend yield for the trailing twelve months is around 4.25%, less than RCS's 9.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RCS PIMCO Strategic Income Fund | 9.11% | 8.62% | 8.03% | 10.07% | 12.39% | 9.01% | 9.57% | 8.44% | 8.93% | 9.50% | 10.92% | 11.17% |
UTBPX UBS Multi Income Bond Fund | 4.25% | 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 RCS have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RCS has higher volatility (6.06%) compared to UTBPX (1.19%). In terms of maximum drawdown, UTBPX dropped -16.84% vs RCS's -46.69%.
UTBPX currently has the higher Sharpe Ratio (1.41 vs -0.75), 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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