MAFOX vs. PBAIX
MAFOX (BlackRock Large Cap Focus Growth Fund) and PBAIX (BlackRock Tactical Opportunities Fund Institutional Class) are both mutual funds - MAFOX is a Large Cap Growth Equities fund managed by BlackRock, while PBAIX is a Tactical Allocation fund actively managed by BlackRock. Over the past 10 years, MAFOX returned 17.42%/yr vs 6.10%/yr for PBAIX. A 0.61 correlation means they provide meaningful diversification when combined. MAFOX charges 0.67%/yr vs 0.77%/yr for PBAIX.
Performance
MAFOX vs. PBAIX - Performance Comparison
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Returns By Period
In the year-to-date period, MAFOX achieves a 13.80% return, which is significantly higher than PBAIX's 9.80% return. Over the past 10 years, MAFOX has outperformed PBAIX with an annualized return of 17.42%, while PBAIX has yielded a comparatively lower 6.10% annualized return.
MAFOX
- 1D
- -1.73%
- 1M
- 6.51%
- YTD
- 13.80%
- 6M
- 13.07%
- 1Y
- 25.30%
- 3Y*
- 25.13%
- 5Y*
- 12.32%
- 10Y*
- 17.42%
PBAIX
- 1D
- -0.40%
- 1M
- 0.93%
- YTD
- 9.80%
- 6M
- 10.64%
- 1Y
- 12.87%
- 3Y*
- 10.20%
- 5Y*
- 7.19%
- 10Y*
- 6.10%
MAFOX vs. PBAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAFOX BlackRock Large Cap Focus Growth Fund | 13.80% | 12.76% | 31.11% | 52.63% | -38.05% | 17.13% | 46.85% | 31.16% | 3.63% | 29.90% |
PBAIX BlackRock Tactical Opportunities Fund Institutional Class | 9.80% | 6.46% | 12.08% | 2.64% | 6.14% | 0.50% | 6.91% | 1.65% | 4.68% | 8.05% |
Correlation
The correlation between MAFOX 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 | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2000 | 0.61 |
Over the past year, the correlation between MAFOX and PBAIX has dropped to 0.07 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.
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Return for Risk
MAFOX vs. PBAIX — Risk / Return Rank
MAFOX
PBAIX
MAFOX vs. PBAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Large Cap Focus Growth Fund (MAFOX) 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.
| MAFOX | PBAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.45 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 4.41 | -2.82 |
| Martin ratioReturn relative to average drawdown | 5.32 | 10.85 | -5.53 |
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
| MAFOX | PBAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 2.30 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 1.12 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 1.00 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.58 | -0.47 |
Drawdowns
MAFOX vs. PBAIX - Drawdown Comparison
The maximum MAFOX drawdown since its inception was -89.93%, which is greater than PBAIX's maximum drawdown of -39.26%. Use the drawdown chart below to compare losses from any high point for MAFOX and PBAIX.
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Drawdown Indicators
| MAFOX | PBAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.93% | -39.26% | -50.67% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | -2.99% | -13.71% |
Max Drawdown (3Y)Largest decline over 3 years | -24.48% | -6.79% | -17.69% |
Max Drawdown (5Y)Largest decline over 5 years | -42.39% | -6.79% | -35.60% |
Max Drawdown (10Y)Largest decline over 10 years | -42.39% | -8.94% | -33.45% |
Current DrawdownCurrent decline from peak | -1.73% | -0.46% | -1.27% |
Average DrawdownAverage peak-to-trough decline | -54.22% | -4.30% | -49.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.95% | 1.21% | +3.74% |
Volatility
MAFOX vs. PBAIX - Volatility Comparison
BlackRock Large Cap Focus Growth Fund (MAFOX) has a higher volatility of 4.53% compared to BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) at 1.71%. This indicates that MAFOX'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
| MAFOX | PBAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 1.71% | +2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 13.53% | 4.79% | +8.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.37% | 5.75% | +11.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.61% | 6.44% | +17.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.68% | 6.13% | +16.55% |
MAFOX vs. PBAIX - Expense Ratio Comparison
MAFOX has a 0.67% expense ratio, which is lower than PBAIX's 0.77% expense ratio.
Dividends
MAFOX vs. PBAIX - Dividend Comparison
MAFOX's dividend yield for the trailing twelve months is around 14.08%, while PBAIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAFOX BlackRock Large Cap Focus Growth Fund | 14.08% | 16.03% | 4.04% | 3.05% | 2.01% | 11.20% | 0.53% | 5.45% | 4.43% | 4.06% | 0.00% | 4.66% |
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
MAFOX 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.
MAFOX has higher volatility (4.53%) compared to PBAIX (1.71%). In terms of maximum drawdown, MAFOX dropped -89.93% vs PBAIX's -39.26%.
PBAIX currently has the higher Sharpe Ratio (2.30 vs 1.52), 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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