CRTOX vs. PAAIX

Last updated Jun 4, 2026

CRTOX (Potomac Tactical Opportunities Fund) and PAAIX (PIMCO All Asset Fund) are both Tactical Allocation funds. Over the past 5 years, CRTOX returned 3.78%/yr vs 4.75%/yr for PAAIX. A 0.52 correlation means they provide meaningful diversification when combined. CRTOX charges 1.63%/yr vs 1.40%/yr for PAAIX.

Performance

CRTOX vs. PAAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Potomac Tactical Opportunities Fund (CRTOX) and PIMCO All Asset Fund (PAAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with CRTOX having a 9.26% return and PAAIX slightly higher at 9.42%.

CRTOX

• 1D: 1.20%
• 1M: 5.18%
• YTD: 9.26%
• 6M: 8.46%
• 1Y: 26.90%
• 3Y*: 9.59%
• 5Y*: 3.78%
• 10Y*: —

PAAIX

• 1D: 0.49%
• 1M: 1.72%
• YTD: 9.42%
• 6M: 9.86%
• 1Y: 20.09%
• 3Y*: 10.55%
• 5Y*: 4.75%
• 10Y*: 7.14%

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

CRTOX vs. PAAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CRTOX Potomac Tactical Opportunities Fund	9.26%	11.98%	8.39%	15.76%	-14.53%	-2.00%	19.81%
PAAIX PIMCO All Asset Fund	9.42%	13.20%	4.12%	8.19%	-11.52%	15.61%	14.89%

Correlation

The correlation between CRTOX and PAAIX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (All Time) Calculated using the full available price history since Jul 2, 2020	0.52

The correlation between CRTOX and PAAIX has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.

Return for Risk

CRTOX vs. PAAIX — Risk / Return Rank

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

CRTOX

CRTOX Risk / Return Rank: 49
CRTOX Sharpe Ratio Rank: 45
CRTOX Sortino Ratio Rank: 45
CRTOX Omega Ratio Rank: 57
CRTOX Calmar Ratio Rank: 54
CRTOX Martin Ratio Rank: 44

PAAIX

PAAIX Risk / Return Rank: 91
PAAIX Sharpe Ratio Rank: 95
PAAIX Sortino Ratio Rank: 94
PAAIX Omega Ratio Rank: 91
PAAIX Calmar Ratio Rank: 86
PAAIX Martin Ratio Rank: 87

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.

CRTOX vs. PAAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Potomac Tactical Opportunities Fund (CRTOX) and PIMCO All Asset Fund (PAAIX). 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.

	CRTOX	PAAIX	Difference
Sharpe ratio: Return per unit of total volatility	1.97	3.42	-1.45
Sortino ratio: Return per unit of downside risk	2.82	4.92	-2.10
Omega ratio: Gain probability vs. loss probability	1.42	1.65	-0.23
Calmar ratio: Return relative to maximum drawdown	2.80	4.16	-1.36
Martin ratio: Return relative to average drawdown	9.26	16.73	-7.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRTOX vs. PAAIX - Sharpe Ratio Comparison

The current CRTOX Sharpe Ratio is 1.97, which is lower than the PAAIX Sharpe Ratio of 3.42. The chart below compares the historical Sharpe Ratios of CRTOX and PAAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CRTOX	PAAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	3.42	-1.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	0.61	-0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.95	-0.95

Drawdowns

CRTOX vs. PAAIX - Drawdown Comparison

The maximum CRTOX drawdown since its inception was -98.92%, which is greater than PAAIX's maximum drawdown of -27.59%. Use the drawdown chart below to compare losses from any high point for CRTOX and PAAIX.

Drawdown Indicators

	CRTOX	PAAIX	Difference
Max Drawdown Largest peak-to-trough decline	-98.92%	-27.59%	-71.33%
Max Drawdown (1Y) Largest decline over 1 year	-9.93%	-4.87%	-5.06%
Max Drawdown (3Y) Largest decline over 3 years	-98.92%	-7.59%	-91.33%
Max Drawdown (5Y) Largest decline over 5 years	-98.92%	-19.83%	-79.09%
Max Drawdown (10Y) Largest decline over 10 years	—	-22.64%	—
Current Drawdown Current decline from peak	-98.48%	0.00%	-98.48%
Average Drawdown Average peak-to-trough decline	-32.62%	-3.77%	-28.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	1.21%	+1.79%

Volatility

CRTOX vs. PAAIX - Volatility Comparison

Potomac Tactical Opportunities Fund (CRTOX) has a higher volatility of 4.31% compared to PIMCO All Asset Fund (PAAIX) at 1.99%. This indicates that CRTOX's price experiences larger fluctuations and is considered to be riskier than PAAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRTOX	PAAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	1.99%	+2.32%
Volatility (6M) Calculated over the trailing 6-month period	10.79%	4.60%	+6.19%
Volatility (1Y) Calculated over the trailing 1-year period	14.17%	5.92%	+8.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3,567.72%	7.78%	+3,559.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3,279.18%	7.80%	+3,271.38%

CRTOX vs. PAAIX - Expense Ratio Comparison

CRTOX has a 1.63% expense ratio, which is higher than PAAIX's 1.40% expense ratio.

Dividends

CRTOX vs. PAAIX - Dividend Comparison

CRTOX's dividend yield for the trailing twelve months is around 11.25%, more than PAAIX's 7.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRTOX Potomac Tactical Opportunities Fund	11.25%	12.29%	4.58%	0.67%	0.00%	15.16%	2.98%	0.00%	0.00%	0.00%	0.00%	0.00%
PAAIX PIMCO All Asset Fund	7.12%	7.12%	5.92%	3.20%	7.68%	11.90%	3.56%	3.33%	5.50%	4.48%	3.60%	3.93%

Frequently Asked Questions

Can I hold both CRTOX and PAAIX in my portfolio?

CRTOX and PAAIX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRTOX or PAAIX?

CRTOX has higher volatility (4.31%) compared to PAAIX (1.99%). In terms of maximum drawdown, CRTOX dropped -98.92% vs PAAIX's -27.59%.

Which has better risk-adjusted returns?

PAAIX currently has the higher Sharpe Ratio (3.42 vs 1.97), 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.