EBSAX vs. PCBAX
Compare and contrast key facts about Campbell Systematic Macro Fund Class A Shares (EBSAX) and BlackRock Tactical Opportunities Fund (PCBAX).
EBSAX is managed by Campbell & Company. It was launched on Mar 4, 2013. PCBAX is managed by BlackRock. It was launched on Dec 28, 1988.
Performance
EBSAX vs. PCBAX - Performance Comparison
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EBSAX vs. PCBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EBSAX Campbell Systematic Macro Fund Class A Shares | 7.79% | -1.34% | 11.28% | -2.11% | 30.56% | 8.90% | 4.88% |
PCBAX BlackRock Tactical Opportunities Fund | 3.16% | 6.16% | 11.77% | 2.37% | 5.77% | 0.29% | 3.26% |
Returns By Period
In the year-to-date period, EBSAX achieves a 7.79% return, which is significantly higher than PCBAX's 3.16% return.
EBSAX
- 1D
- 0.10%
- 1M
- 3.00%
- YTD
- 7.79%
- 6M
- 4.61%
- 1Y
- 0.91%
- 3Y*
- 3.76%
- 5Y*
- 9.34%
- 10Y*
- —
PCBAX
- 1D
- -0.87%
- 1M
- 1.78%
- YTD
- 3.16%
- 6M
- 1.91%
- 1Y
- 8.91%
- 3Y*
- 8.34%
- 5Y*
- 6.12%
- 10Y*
- 5.04%
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EBSAX vs. PCBAX - Expense Ratio Comparison
EBSAX has a 2.00% expense ratio, which is higher than PCBAX's 1.08% expense ratio.
Return for Risk
EBSAX vs. PCBAX — Risk / Return Rank
EBSAX
PCBAX
EBSAX vs. PCBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Campbell Systematic Macro Fund Class A Shares (EBSAX) and BlackRock Tactical Opportunities Fund (PCBAX). 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.
| EBSAX | PCBAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.18 | 1.29 | -1.12 |
Sortino ratioReturn per unit of downside risk | 0.30 | 1.79 | -1.49 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.27 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 0.20 | 1.70 | -1.50 |
Martin ratioReturn relative to average drawdown | 0.33 | 5.69 | -5.36 |
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
| EBSAX | PCBAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 1.29 | -1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.95 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.57 | +0.55 |
Correlation
The correlation between EBSAX and PCBAX is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EBSAX vs. PCBAX - Dividend Comparison
EBSAX's dividend yield for the trailing twelve months is around 2.78%, while PCBAX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EBSAX Campbell Systematic Macro Fund Class A Shares | 2.78% | 3.00% | 2.59% | 1.45% | 15.15% | 7.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PCBAX BlackRock Tactical Opportunities Fund | 0.00% | 0.00% | 0.00% | 11.67% | 3.36% | 0.00% | 2.44% | 3.08% | 9.91% | 0.80% | 1.41% | 4.86% |
Drawdowns
EBSAX vs. PCBAX - Drawdown Comparison
The maximum EBSAX drawdown since its inception was -11.15%, smaller than the maximum PCBAX drawdown of -39.55%. Use the drawdown chart below to compare losses from any high point for EBSAX and PCBAX.
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Drawdown Indicators
| EBSAX | PCBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.15% | -39.55% | +28.40% |
Max Drawdown (1Y)Largest decline over 1 year | -7.59% | -4.29% | -3.30% |
Max Drawdown (5Y)Largest decline over 5 years | -11.15% | -6.75% | -4.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.00% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.72% | +1.72% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -4.39% | +1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.55% | 1.36% | +3.19% |
Volatility
EBSAX vs. PCBAX - Volatility Comparison
Campbell Systematic Macro Fund Class A Shares (EBSAX) and BlackRock Tactical Opportunities Fund (PCBAX) have volatilities of 3.09% and 3.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EBSAX | PCBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 3.19% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 6.29% | 4.41% | +1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.64% | 6.77% | +1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.61% | 6.45% | +3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.53% | 6.12% | +3.41% |