BACAX vs. JPM

Last updated Apr 2, 2026

Compare and contrast key facts about BlackRock Energy Opportunities Fund (BACAX) and JPMorgan Chase & Co. (JPM).

BACAX is managed by BlackRock. It was launched on Feb 16, 2005.

Performance

BACAX vs. JPM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Energy Opportunities Fund (BACAX) and JPMorgan Chase & Co. (JPM). The values are adjusted to include any dividend payments, if applicable.

BACAX vs. JPM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BACAX BlackRock Energy Opportunities Fund	35.80%	10.53%	3.78%	2.61%	43.02%	42.93%	-29.68%	12.64%	-19.98%	2.07%
JPM JPMorgan Chase & Co.	-7.92%	37.27%	44.29%	30.63%	-12.64%	27.75%	-5.53%	47.26%	-6.62%	26.76%

Returns By Period

In the year-to-date period, BACAX achieves a 35.80% return, which is significantly higher than JPM's -7.92% return. Over the past 10 years, BACAX has underperformed JPM with an annualized return of 10.05%, while JPM has yielded a comparatively higher 20.50% annualized return.

BACAX

• 1D: -0.37%
• 1M: 8.11%
• YTD: 35.80%
• 6M: 38.56%
• 1Y: 37.54%
• 3Y*: 18.29%
• 5Y*: 21.83%
• 10Y*: 10.05%

JPM

• 1D: 0.41%
• 1M: -0.73%
• YTD: -7.92%
• 6M: -4.04%
• 1Y: 23.71%
• 3Y*: 34.51%
• 5Y*: 16.89%
• 10Y*: 20.50%

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

Return for Risk

BACAX vs. JPM — Risk / Return Rank

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

BACAX

BACAX Risk / Return Rank: 82
BACAX Sharpe Ratio Rank: 88
BACAX Sortino Ratio Rank: 82
BACAX Omega Ratio Rank: 84
BACAX Calmar Ratio Rank: 85
BACAX Martin Ratio Rank: 73

JPM

JPM Risk / Return Rank: 68
JPM Sharpe Ratio Rank: 72
JPM Sortino Ratio Rank: 63
JPM Omega Ratio Rank: 65
JPM Calmar Ratio Rank: 70
JPM Martin Ratio Rank: 72

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.

BACAX vs. JPM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Energy Opportunities Fund (BACAX) and JPMorgan Chase & Co. (JPM). 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.

	BACAX	JPM	Difference
Sharpe ratio Return per unit of total volatility	1.80	0.94	+0.85
Sortino ratio Return per unit of downside risk	2.18	1.34	+0.84
Omega ratio Gain probability vs. loss probability	1.35	1.19	+0.16
Calmar ratio Return relative to maximum drawdown	2.21	1.48	+0.73
Martin ratio Return relative to average drawdown	7.36	4.00	+3.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BACAX vs. JPM - Sharpe Ratio Comparison

The current BACAX Sharpe Ratio is 1.80, which is higher than the JPM Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of BACAX and JPM, 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

	BACAX	JPM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.80	0.94	+0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	0.70	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.75	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.34	-0.15

Correlation

The correlation between BACAX and JPM is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BACAX vs. JPM - Dividend Comparison

BACAX's dividend yield for the trailing twelve months is around 1.82%, less than JPM's 1.96% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BACAX BlackRock Energy Opportunities Fund	1.82%	2.47%	2.29%	3.06%	2.21%	2.39%	3.38%	2.69%	2.87%	2.48%	1.95%	1.98%
JPM JPMorgan Chase & Co.	1.96%	1.72%	1.92%	2.38%	2.98%	2.34%	2.83%	2.37%	2.54%	1.91%	2.13%	2.54%

Drawdowns

BACAX vs. JPM - Drawdown Comparison

The maximum BACAX drawdown since its inception was -78.88%, roughly equal to the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for BACAX and JPM.

Drawdown Indicators

	BACAX	JPM	Difference
Max Drawdown Largest peak-to-trough decline	-78.88%	-76.16%	-2.72%
Max Drawdown (1Y) Largest decline over 1 year	-17.54%	-15.47%	-2.07%
Max Drawdown (5Y) Largest decline over 5 years	-25.74%	-38.77%	+13.03%
Max Drawdown (10Y) Largest decline over 10 years	-65.92%	-43.63%	-22.29%
Current Drawdown Current decline from peak	-0.84%	-11.72%	+10.88%
Average Drawdown Average peak-to-trough decline	-34.51%	-17.66%	-16.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.26%	5.72%	-0.46%

Volatility

BACAX vs. JPM - Volatility Comparison

The current volatility for BlackRock Energy Opportunities Fund (BACAX) is 4.19%, while JPMorgan Chase & Co. (JPM) has a volatility of 6.28%. This indicates that BACAX experiences smaller price fluctuations and is considered to be less risky than JPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BACAX	JPM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	6.28%	-2.09%
Volatility (6M) Calculated over the trailing 6-month period	11.43%	17.19%	-5.76%
Volatility (1Y) Calculated over the trailing 1-year period	21.56%	25.24%	-3.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.63%	24.34%	-0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.17%	27.38%	-0.21%