EBSIX vs. PBAIX
Compare and contrast key facts about Campbell Systematic Macro Fund Class I Shares (EBSIX) and BlackRock Tactical Opportunities Fund Institutional Class (PBAIX).
EBSIX is managed by Campbell & Company. It was launched on Mar 4, 2013. PBAIX is an actively managed fund by BlackRock. It was launched on Jun 1, 1993.
Performance
EBSIX vs. PBAIX - Performance Comparison
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EBSIX vs. PBAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EBSIX Campbell Systematic Macro Fund Class I Shares | 7.80% | -1.14% | 11.63% | -1.83% | 30.91% | 9.05% | 4.94% |
PBAIX BlackRock Tactical Opportunities Fund Institutional Class | 3.23% | 6.46% | 12.08% | 2.64% | 6.14% | 0.50% | 3.38% |
Returns By Period
In the year-to-date period, EBSIX achieves a 7.80% return, which is significantly higher than PBAIX's 3.23% return.
EBSIX
- 1D
- 0.00%
- 1M
- 2.96%
- YTD
- 7.80%
- 6M
- 4.64%
- 1Y
- 1.08%
- 3Y*
- 3.99%
- 5Y*
- 9.60%
- 10Y*
- —
PBAIX
- 1D
- -0.85%
- 1M
- 1.81%
- YTD
- 3.23%
- 6M
- 2.06%
- 1Y
- 9.24%
- 3Y*
- 8.63%
- 5Y*
- 6.42%
- 10Y*
- 5.35%
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EBSIX vs. PBAIX - Expense Ratio Comparison
EBSIX has a 1.75% expense ratio, which is higher than PBAIX's 0.77% expense ratio.
Return for Risk
EBSIX vs. PBAIX — Risk / Return Rank
EBSIX
PBAIX
EBSIX vs. PBAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Campbell Systematic Macro Fund Class I Shares (EBSIX) 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.
| EBSIX | PBAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.21 | 1.35 | -1.14 |
Sortino ratioReturn per unit of downside risk | 0.34 | 1.87 | -1.52 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.28 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 0.23 | 1.79 | -1.56 |
Martin ratioReturn relative to average drawdown | 0.38 | 6.09 | -5.70 |
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
| EBSIX | PBAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.21 | 1.35 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 1.00 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.57 | +0.58 |
Correlation
The correlation between EBSIX and PBAIX 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
EBSIX vs. PBAIX - Dividend Comparison
EBSIX's dividend yield for the trailing twelve months is around 2.93%, while PBAIX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EBSIX Campbell Systematic Macro Fund Class I Shares | 2.93% | 3.16% | 2.90% | 1.82% | 15.10% | 7.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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% |
Drawdowns
EBSIX vs. PBAIX - Drawdown Comparison
The maximum EBSIX drawdown since its inception was -10.96%, smaller than the maximum PBAIX drawdown of -39.26%. Use the drawdown chart below to compare losses from any high point for EBSIX and PBAIX.
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Drawdown Indicators
| EBSIX | PBAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.96% | -39.26% | +28.30% |
Max Drawdown (1Y)Largest decline over 1 year | -7.43% | -4.22% | -3.21% |
Max Drawdown (5Y)Largest decline over 5 years | -10.96% | -6.79% | -4.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.94% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.69% | +1.69% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -4.32% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.37% | 1.32% | +3.05% |
Volatility
EBSIX vs. PBAIX - Volatility Comparison
Campbell Systematic Macro Fund Class I Shares (EBSIX) and BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) have volatilities of 3.04% and 3.13%, 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
| EBSIX | PBAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 3.13% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 6.19% | 4.37% | +1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.50% | 6.71% | +1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.59% | 6.42% | +3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.52% | 6.11% | +3.41% |