COTZX vs. PBAIX
COTZX (Columbia Thermostat Fund) and PBAIX (BlackRock Tactical Opportunities Fund Institutional Class) are both Tactical Allocation funds. Over the past 10 years, COTZX returned 7.40%/yr vs 6.15%/yr for PBAIX. A 0.61 correlation means they provide meaningful diversification when combined. COTZX charges 0.24%/yr vs 0.77%/yr for PBAIX.
Performance
COTZX vs. PBAIX - Performance Comparison
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Returns By Period
In the year-to-date period, COTZX achieves a 2.36% return, which is significantly lower than PBAIX's 9.30% return. Over the past 10 years, COTZX has outperformed PBAIX with an annualized return of 7.40%, while PBAIX has yielded a comparatively lower 6.15% annualized return.
COTZX
- 1D
- -0.39%
- 1M
- -0.01%
- YTD
- 2.36%
- 6M
- 1.96%
- 1Y
- 9.48%
- 3Y*
- 10.23%
- 5Y*
- 4.45%
- 10Y*
- 7.40%
PBAIX
- 1D
- -0.46%
- 1M
- -0.23%
- YTD
- 9.30%
- 6M
- 9.09%
- 1Y
- 12.72%
- 3Y*
- 9.53%
- 5Y*
- 7.37%
- 10Y*
- 6.15%
COTZX vs. PBAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COTZX Columbia Thermostat Fund | 2.36% | 15.02% | 7.98% | 11.66% | -12.92% | 6.44% | 29.61% | 15.15% | -1.17% | 3.33% |
PBAIX BlackRock Tactical Opportunities Fund Institutional Class | 9.30% | 6.46% | 12.08% | 2.64% | 6.14% | 0.50% | 6.91% | 1.65% | 4.68% | 8.05% |
Correlation
The correlation between COTZX and PBAIX is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2002 | 0.61 |
The correlation between COTZX and PBAIX shifts across timeframes, from -0.07 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
COTZX vs. PBAIX — Risk / Return Rank
COTZX
PBAIX
COTZX vs. PBAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Thermostat Fund (COTZX) 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.
| COTZX | PBAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.46 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 4.53 | -1.96 |
| Martin ratioReturn relative to average drawdown | 11.75 | 11.12 | +0.63 |
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Drawdowns
COTZX vs. PBAIX - Drawdown Comparison
The maximum COTZX drawdown since its inception was -47.48%, which is greater than PBAIX's maximum drawdown of -39.26%. Use the drawdown chart below to compare losses from any high point for COTZX and PBAIX.
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Drawdown Indicators
| COTZX | PBAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.48% | -39.26% | -8.22% |
Max Drawdown (1Y)Largest decline over 1 year | -4.02% | -2.99% | -1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -6.93% | -6.79% | -0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -17.80% | -6.79% | -11.01% |
Max Drawdown (10Y)Largest decline over 10 years | -17.80% | -8.94% | -8.86% |
Current DrawdownCurrent decline from peak | -1.09% | -0.92% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -4.29% | +0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 1.21% | -0.34% |
Volatility
COTZX vs. PBAIX - Volatility Comparison
Columbia Thermostat Fund (COTZX) has a higher volatility of 2.23% compared to BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) at 1.21%. This indicates that COTZX'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
| COTZX | PBAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.23% | 1.21% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.39% | 4.67% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.38% | 5.67% | -0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.39% | 6.44% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.41% | 6.12% | +1.29% |
COTZX vs. PBAIX - Expense Ratio Comparison
COTZX has a 0.24% expense ratio, which is lower than PBAIX's 0.77% expense ratio.
Dividends
COTZX vs. PBAIX - Dividend Comparison
COTZX's dividend yield for the trailing twelve months is around 3.29%, while PBAIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COTZX Columbia Thermostat Fund | 3.29% | 3.37% | 3.55% | 2.74% | 3.28% | 14.82% | 6.92% | 5.57% | 4.45% | 3.13% | 2.66% | 4.26% |
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
COTZX and PBAIX have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COTZX has higher volatility (2.23%) compared to PBAIX (1.21%). In terms of maximum drawdown, COTZX dropped -47.48% vs PBAIX's -39.26%.
PBAIX currently has the higher Sharpe Ratio (2.38 vs 1.92), 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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