CRDBX vs. PASAX

Last updated Aug 4, 2026

CRDBX (Potomac Defensive Bull Fund) and PASAX (PIMCO All Asset Fund Class A) are both Tactical Allocation funds. Over the past 5 years, CRDBX returned 14.59%/yr vs 4.33%/yr for PASAX. Their 0.36 correlation means their historical movements had little consistent relationship. CRDBX charges 1.24%/yr vs 2.24%/yr for PASAX.

Performance

CRDBX vs. PASAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Potomac Defensive Bull Fund (CRDBX) and PIMCO All Asset Fund Class A (PASAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRDBX achieves a 19.70% return, which is significantly higher than PASAX's 9.24% return.

CRDBX

• 1D: 1.07%
• 1M: 0.06%
• 6M: 17.14%
• YTD: 19.70%
• 1Y: 34.51%
• 3Y*: 19.07%
• 5Y*: 14.59%
• 10Y*: —
• ALL TIME*: 20.50%

PASAX

• 1D: -0.08%
• 1M: 0.50%
• 6M: 6.26%
• YTD: 9.24%
• 1Y: 17.18%
• 3Y*: 9.12%
• 5Y*: 4.33%
• 10Y*: 6.25%
• ALL TIME*: 5.63%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CRDBX Potomac Defensive Bull Fund	$0.00	$0.00	$0.00
PASAX PIMCO All Asset Fund Class A	$0.00	$0.00	$0.00

CRDBX vs. PASAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CRDBX Potomac Defensive Bull Fund	19.70%	25.36%	19.91%	18.44%	-8.21%	28.08%	24.03%
PASAX PIMCO All Asset Fund Class A	9.24%	12.85%	3.66%	7.66%	-11.90%	15.14%	14.81%

Correlation

The correlation between CRDBX and PASAX is 0.34, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.34
Correlation (3Y) Balances recent behavior with more history.	0.35
Correlation (5Y) Shows whether the relationship held over a longer period.	0.35
Correlation (All Time) Calculated using the full available price history since Jul 1, 2020	0.36

Return for Risk

CRDBX vs. PASAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CRDBX

CRDBX Risk / Return Rank: 85
CRDBX Sharpe Ratio Rank: 78
CRDBX Sortino Ratio Rank: 77
CRDBX Omega Ratio Rank: 83
CRDBX Calmar Ratio Rank: 95
CRDBX Martin Ratio Rank: 91

PASAX

PASAX Risk / Return Rank: 94
PASAX Sharpe Ratio Rank: 98
PASAX Sortino Ratio Rank: 96
PASAX Omega Ratio Rank: 95
PASAX Calmar Ratio Rank: 91
PASAX Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CRDBX vs. PASAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Potomac Defensive Bull Fund (CRDBX) and PIMCO All Asset Fund Class A (PASAX). 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.

	CRDBX	PASAX	Difference
Sharpe ratio: Return per unit of total volatility	1.88	2.97	-1.08
Sortino ratio: Return per unit of downside risk	2.71	4.27	-1.56
Omega ratio: Gain probability vs. loss probability	1.40	1.57	-0.17
Calmar ratio: Return relative to maximum drawdown	4.33	3.60	+0.74
Martin ratio: Return relative to average drawdown	13.02	14.27	-1.25

CRDBX vs. PASAX - Sharpe Ratio Comparison

The current CRDBX Sharpe Ratio is 1.88, which is lower than the PASAX Sharpe Ratio of 2.97. The chart below compares the historical Sharpe Ratios of CRDBX and PASAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CRDBX vs. PASAX - Drawdown Comparison

The maximum CRDBX drawdown since its inception was -28.12%, roughly equal to the maximum PASAX drawdown of -27.81%. Use the drawdown chart below to compare losses from any high point for CRDBX and PASAX.

Drawdown Indicators

	CRDBX	PASAX	Difference
Max Drawdown Largest peak-to-trough decline	-28.12%	-27.81%	-0.31%
Max Drawdown (1Y) Largest decline over 1 year	-7.13%	-4.88%	-2.25%
Max Drawdown (3Y) Largest decline over 3 years	-16.15%	-7.65%	-8.50%
Max Drawdown (5Y) Largest decline over 5 years	-28.12%	-20.00%	-8.12%
Max Drawdown (10Y) Largest decline over 10 years	—	-22.70%	—
Current Drawdown Current decline from peak	-2.02%	-0.25%	-1.77%
Average Drawdown Average peak-to-trough decline	-6.45%	-4.06%	-2.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	1.23%	+1.14%

Volatility

CRDBX vs. PASAX - Volatility Comparison

Potomac Defensive Bull Fund (CRDBX) has a higher volatility of 5.95% compared to PIMCO All Asset Fund Class A (PASAX) at 1.08%. This indicates that CRDBX's price experiences larger fluctuations and is considered to be riskier than PASAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRDBX	PASAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.95%	1.08%	+4.87%
Volatility (6M) Calculated over the trailing 6-month period	12.56%	4.72%	+7.84%
Volatility (1Y) Calculated over the trailing 1-year period	16.41%	5.94%	+10.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.03%	7.71%	+12.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.41%	7.70%	+12.71%

CRDBX vs. PASAX - Expense Ratio Comparison

CRDBX has a 1.24% expense ratio, which is lower than PASAX's 2.24% expense ratio.

Dividends

CRDBX vs. PASAX - Dividend Comparison

CRDBX's dividend yield for the trailing twelve months is around 12.83%, more than PASAX's 7.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRDBX Potomac Defensive Bull Fund	12.83%	15.36%	12.58%	9.91%	0.18%	25.05%	1.65%	0.00%	0.00%	0.00%	0.00%	0.00%
PASAX PIMCO All Asset Fund Class A	7.67%	6.80%	5.47%	2.81%	7.19%	11.47%	3.18%	2.90%	5.02%	4.07%	3.12%	3.36%

Frequently Asked Questions

Can I hold both CRDBX and PASAX in my portfolio?

CRDBX and PASAX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRDBX or PASAX?

CRDBX has higher volatility (5.95%) compared to PASAX (1.08%). In terms of maximum drawdown, CRDBX dropped -28.12% vs PASAX's -27.81%.

Which has better risk-adjusted returns?

PASAX currently has the higher Sharpe Ratio (2.97 vs 1.88), 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.