BIMBX vs. PBAIX
BIMBX (BlackRock Systematic Multi-Strategy Class I) and PBAIX (BlackRock Tactical Opportunities Fund Institutional Class) are both mutual funds - BIMBX is a Diversified Portfolio fund managed by BlackRock, while PBAIX is a Tactical Allocation fund actively managed by BlackRock. Over the past 10 years, BIMBX returned 4.54%/yr vs 6.10%/yr for PBAIX. Their -0.03 correlation means they have often moved in opposite directions in the past. BIMBX charges 0.98%/yr vs 0.77%/yr for PBAIX.
Performance
BIMBX vs. PBAIX - Performance Comparison
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Returns By Period
In the year-to-date period, BIMBX achieves a 1.27% return, which is significantly lower than PBAIX's 10.31% return. Over the past 10 years, BIMBX has underperformed PBAIX with an annualized return of 4.54%, while PBAIX has yielded a comparatively higher 6.10% annualized return.
BIMBX
- 1D
- 0.10%
- 1M
- 0.02%
- 6M
- 0.11%
- YTD
- 1.27%
- 1Y
- 3.87%
- 3Y*
- 6.21%
- 5Y*
- 3.57%
- 10Y*
- 4.54%
- ALL TIME*
- 4.90%
PBAIX
- 1D
- 0.93%
- 1M
- 0.98%
- 6M
- 9.55%
- YTD
- 10.31%
- 1Y
- 11.44%
- 3Y*
- 9.38%
- 5Y*
- 7.78%
- 10Y*
- 6.10%
- ALL TIME*
- 6.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BIMBX vs. PBAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIMBX BlackRock Systematic Multi-Strategy Class I | 1.27% | 5.00% | 6.83% | 6.43% | -2.95% | 6.18% | 3.57% | 8.43% | 1.83% | 9.89% |
PBAIX BlackRock Tactical Opportunities Fund Institutional Class | 10.31% | 6.46% | 12.08% | 2.64% | 6.14% | 0.50% | 6.91% | 1.65% | 4.68% | 8.05% |
Correlation
The correlation between BIMBX and PBAIX is -0.19, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.19 |
Correlation (3Y) Balances recent behavior with more history. | -0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.05 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | -0.03 |
The correlation between BIMBX and PBAIX shifts across timeframes, from -0.19 (1 year) to -0.02 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
BIMBX vs. PBAIX — Risk / Return Rank
BIMBX
PBAIX
BIMBX vs. PBAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Systematic Multi-Strategy Class I (BIMBX) 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.
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.
| BIMBX | PBAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.39 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 3.92 | -3.06 |
| Martin ratioReturn relative to average drawdown | 1.91 | 9.50 | -7.59 |
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Drawdowns
BIMBX vs. PBAIX - Drawdown Comparison
The maximum BIMBX drawdown since its inception was -8.73%, smaller than the maximum PBAIX drawdown of -39.26%. Use the drawdown chart below to compare losses from any high point for BIMBX and PBAIX.
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Drawdown Indicators
| BIMBX | PBAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.73% | -39.26% | +30.53% |
Max Drawdown (1Y)Largest decline over 1 year | -5.09% | -2.99% | -2.10% |
Max Drawdown (3Y)Largest decline over 3 years | -5.09% | -6.79% | +1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -6.50% | -6.79% | +0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -8.73% | -8.94% | +0.21% |
Current DrawdownCurrent decline from peak | -2.85% | -0.06% | -2.79% |
Average DrawdownAverage peak-to-trough decline | -1.22% | -4.28% | +3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 1.23% | +1.07% |
Volatility
BIMBX vs. PBAIX - Volatility Comparison
The current volatility for BlackRock Systematic Multi-Strategy Class I (BIMBX) is 1.29%, while BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) has a volatility of 1.66%. This indicates that BIMBX experiences smaller price fluctuations and is considered to be less risky 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
| BIMBX | PBAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 1.66% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 3.47% | 4.68% | -1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.23% | 5.74% | -1.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.68% | 6.44% | -2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.60% | 6.10% | -2.50% |
BIMBX vs. PBAIX - Expense Ratio Comparison
BIMBX has a 0.98% expense ratio, which is higher than PBAIX's 0.77% expense ratio.
Dividends
BIMBX vs. PBAIX - Dividend Comparison
BIMBX's dividend yield for the trailing twelve months is around 3.53%, while PBAIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIMBX BlackRock Systematic Multi-Strategy Class I | 3.53% | 2.27% | 4.07% | 4.48% | 4.99% | 2.62% | 1.31% | 3.90% | 8.93% | 4.08% | 5.00% | 0.00% |
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
BIMBX and PBAIX have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PBAIX has higher volatility (1.66%) compared to BIMBX (1.29%). In terms of maximum drawdown, BIMBX dropped -8.73% vs PBAIX's -39.26%.
PBAIX currently has the higher Sharpe Ratio (2.04 vs 1.04), 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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