AMRMX vs. PBAIX
AMRMX (American Funds American Mutual Fund Class A) and PBAIX (BlackRock Tactical Opportunities Fund Institutional Class) are both mutual funds - AMRMX is a Large Cap Blend Equities fund managed by American Funds, while PBAIX is a Tactical Allocation fund actively managed by BlackRock. Over the past 10 years, AMRMX returned 11.22%/yr vs 6.10%/yr for PBAIX. A 0.66 correlation means they provide meaningful diversification when combined. AMRMX charges 0.58%/yr vs 0.77%/yr for PBAIX.
Performance
AMRMX vs. PBAIX - Performance Comparison
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Returns By Period
In the year-to-date period, AMRMX achieves a 6.66% return, which is significantly lower than PBAIX's 9.80% return. Over the past 10 years, AMRMX has outperformed PBAIX with an annualized return of 11.22%, while PBAIX has yielded a comparatively lower 6.10% annualized return.
AMRMX
- 1D
- 0.62%
- 1M
- 2.96%
- YTD
- 6.66%
- 6M
- 6.89%
- 1Y
- 17.29%
- 3Y*
- 15.50%
- 5Y*
- 10.33%
- 10Y*
- 11.22%
PBAIX
- 1D
- -0.40%
- 1M
- 0.93%
- YTD
- 9.80%
- 6M
- 10.64%
- 1Y
- 12.87%
- 3Y*
- 10.20%
- 5Y*
- 7.19%
- 10Y*
- 6.10%
AMRMX vs. PBAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMRMX American Funds American Mutual Fund Class A | 6.66% | 16.08% | 14.93% | 9.43% | -4.49% | 24.99% | 4.52% | 21.53% | -2.25% | 17.53% |
PBAIX BlackRock Tactical Opportunities Fund Institutional Class | 9.80% | 6.46% | 12.08% | 2.64% | 6.14% | 0.50% | 6.91% | 1.65% | 4.68% | 8.05% |
Correlation
The correlation between AMRMX and PBAIX is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 1993 | 0.66 |
The correlation between AMRMX and PBAIX shifts across timeframes, from -0.02 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AMRMX vs. PBAIX — Risk / Return Rank
AMRMX
PBAIX
AMRMX vs. PBAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds American Mutual Fund Class A (AMRMX) and BlackRock Tactical Opportunities Fund Institutional Class (PBAIX). 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.
| AMRMX | PBAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.45 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 4.41 | -2.15 |
| Martin ratioReturn relative to average drawdown | 9.05 | 10.85 | -1.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMRMX | PBAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 2.30 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 1.12 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 1.00 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.58 | +0.13 |
Drawdowns
AMRMX vs. PBAIX - Drawdown Comparison
The maximum AMRMX drawdown since its inception was -48.75%, which is greater than PBAIX's maximum drawdown of -39.26%. Use the drawdown chart below to compare losses from any high point for AMRMX and PBAIX.
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Drawdown Indicators
| AMRMX | PBAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.75% | -39.26% | -9.49% |
Max Drawdown (1Y)Largest decline over 1 year | -7.92% | -2.99% | -4.93% |
Max Drawdown (3Y)Largest decline over 3 years | -12.96% | -6.79% | -6.17% |
Max Drawdown (5Y)Largest decline over 5 years | -15.31% | -6.79% | -8.52% |
Max Drawdown (10Y)Largest decline over 10 years | -29.81% | -8.94% | -20.87% |
Current DrawdownCurrent decline from peak | 0.00% | -0.46% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -4.30% | -0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.21% | +0.76% |
Volatility
AMRMX vs. PBAIX - Volatility Comparison
American Funds American Mutual Fund Class A (AMRMX) has a higher volatility of 2.33% compared to BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) at 1.71%. This indicates that AMRMX's price experiences larger fluctuations and is considered to be riskier than PBAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMRMX | PBAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 1.71% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 7.34% | 4.79% | +2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.48% | 5.75% | +3.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.50% | 6.44% | +6.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.12% | 6.13% | +7.99% |
AMRMX vs. PBAIX - Expense Ratio Comparison
AMRMX has a 0.58% expense ratio, which is lower than PBAIX's 0.77% expense ratio.
Dividends
AMRMX vs. PBAIX - Dividend Comparison
AMRMX's dividend yield for the trailing twelve months is around 7.10%, while PBAIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMRMX American Funds American Mutual Fund Class A | 7.10% | 7.55% | 6.27% | 3.75% | 4.88% | 4.65% | 1.74% | 4.60% | 6.44% | 5.96% | 4.83% | 6.54% |
PBAIX BlackRock Tactical Opportunities Fund Institutional Class | 0.00% | 0.00% | 0.00% | 11.84% | 3.52% | 0.00% | 2.71% | 3.39% | 10.17% | 0.86% | 1.74% | 5.15% |
Frequently Asked Questions
AMRMX and PBAIX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMRMX has higher volatility (2.33%) compared to PBAIX (1.71%). In terms of maximum drawdown, AMRMX dropped -48.75% vs PBAIX's -39.26%.
PBAIX currently has the higher Sharpe Ratio (2.30 vs 1.89), 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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