BAMBX vs. SPATX
Compare and contrast key facts about BlackRock Systematic Multi-Strategy Fund (BAMBX) and Symmetry Panoramic Alternatives Fund (SPATX).
BAMBX is a passively managed fund by BlackRock that tracks the performance of the ICE BofA 3 Month Treasury Bill Index (G0O1) (USD). It was launched on Sep 29, 2020. SPATX is managed by Symmetry Partners. It was launched on Nov 11, 2018.
Performance
BAMBX vs. SPATX - Performance Comparison
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BAMBX vs. SPATX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BAMBX BlackRock Systematic Multi-Strategy Fund | 0.97% | 4.59% | 6.61% | 6.19% | -3.23% | 5.84% | 3.34% | 8.25% | 0.78% |
SPATX Symmetry Panoramic Alternatives Fund | 5.61% | 11.09% | 1.50% | 11.90% | 12.80% | 5.86% | 3.42% | -0.00% | 0.64% |
Returns By Period
In the year-to-date period, BAMBX achieves a 0.97% return, which is significantly lower than SPATX's 5.61% return.
BAMBX
- 1D
- 0.48%
- 1M
- -3.15%
- YTD
- 0.97%
- 6M
- 2.65%
- 1Y
- 2.75%
- 3Y*
- 6.24%
- 5Y*
- 3.91%
- 10Y*
- 4.43%
SPATX
- 1D
- -0.08%
- 1M
- 1.80%
- YTD
- 5.61%
- 6M
- 7.78%
- 1Y
- 12.02%
- 3Y*
- 10.44%
- 5Y*
- 8.54%
- 10Y*
- —
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BAMBX vs. SPATX - Expense Ratio Comparison
BAMBX has a 1.20% expense ratio, which is higher than SPATX's 0.50% expense ratio.
Return for Risk
BAMBX vs. SPATX — Risk / Return Rank
BAMBX
SPATX
BAMBX vs. SPATX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Systematic Multi-Strategy Fund (BAMBX) and Symmetry Panoramic Alternatives Fund (SPATX). 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.
| BAMBX | SPATX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 3.00 | -2.23 |
Sortino ratioReturn per unit of downside risk | 1.12 | 3.92 | -2.79 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.66 | -0.52 |
Calmar ratioReturn relative to maximum drawdown | 0.93 | 3.88 | -2.95 |
Martin ratioReturn relative to average drawdown | 3.30 | 16.81 | -13.51 |
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
| BAMBX | SPATX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 3.00 | -2.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | 1.38 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.25 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 1.17 | +0.18 |
Correlation
The correlation between BAMBX and SPATX is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
BAMBX vs. SPATX - Dividend Comparison
BAMBX's dividend yield for the trailing twelve months is around 1.95%, less than SPATX's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
BAMBX BlackRock Systematic Multi-Strategy Fund | 1.95% | 1.97% | 3.86% | 4.13% | 4.70% | 2.39% | 1.09% | 3.73% | 8.70% | 3.81% | 4.82% |
SPATX Symmetry Panoramic Alternatives Fund | 2.88% | 3.05% | 2.65% | 6.16% | 6.22% | 2.08% | 0.00% | 1.87% | 2.33% | 0.00% | 0.00% |
Drawdowns
BAMBX vs. SPATX - Drawdown Comparison
The maximum BAMBX drawdown since its inception was -8.84%, smaller than the maximum SPATX drawdown of -11.67%. Use the drawdown chart below to compare losses from any high point for BAMBX and SPATX.
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Drawdown Indicators
| BAMBX | SPATX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.84% | -11.67% | +2.83% |
Max Drawdown (1Y)Largest decline over 1 year | -3.61% | -3.17% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -6.66% | -5.89% | -0.77% |
Max Drawdown (10Y)Largest decline over 10 years | -8.84% | — | — |
Current DrawdownCurrent decline from peak | -3.15% | -0.08% | -3.07% |
Average DrawdownAverage peak-to-trough decline | -1.21% | -1.73% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.73% | +0.28% |
Volatility
BAMBX vs. SPATX - Volatility Comparison
BlackRock Systematic Multi-Strategy Fund (BAMBX) has a higher volatility of 1.49% compared to Symmetry Panoramic Alternatives Fund (SPATX) at 1.26%. This indicates that BAMBX's price experiences larger fluctuations and is considered to be riskier than SPATX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAMBX | SPATX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 1.26% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 2.53% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 4.13% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.56% | 6.23% | -2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.54% | 6.08% | -2.54% |