PBAIX vs. ABRYX
Compare and contrast key facts about BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) and Invesco Balanced-Risk Allocation Fund (ABRYX).
PBAIX is an actively managed fund by BlackRock. It was launched on Jun 1, 1993. ABRYX is managed by Invesco. It was launched on Jun 1, 2009.
Performance
PBAIX vs. ABRYX - Performance Comparison
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PBAIX vs. ABRYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBAIX BlackRock Tactical Opportunities Fund Institutional Class | 3.23% | 6.46% | 12.08% | 2.64% | 6.14% | 0.50% | 6.91% | 1.65% | 4.68% | 8.05% |
ABRYX Invesco Balanced-Risk Allocation Fund | 11.77% | 8.50% | 3.34% | 6.34% | -14.82% | 9.65% | 9.50% | 9.76% | -6.73% | 9.97% |
Returns By Period
In the year-to-date period, PBAIX achieves a 3.23% return, which is significantly lower than ABRYX's 11.77% return. Over the past 10 years, PBAIX has outperformed ABRYX with an annualized return of 5.35%, while ABRYX has yielded a comparatively lower 4.93% annualized return.
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%
ABRYX
- 1D
- 0.97%
- 1M
- -0.95%
- YTD
- 11.77%
- 6M
- 13.89%
- 1Y
- 19.48%
- 3Y*
- 9.06%
- 5Y*
- 4.26%
- 10Y*
- 4.93%
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PBAIX vs. ABRYX - Expense Ratio Comparison
PBAIX has a 0.77% expense ratio, which is lower than ABRYX's 1.06% expense ratio.
Return for Risk
PBAIX vs. ABRYX — Risk / Return Rank
PBAIX
ABRYX
PBAIX vs. ABRYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) and Invesco Balanced-Risk Allocation Fund (ABRYX). 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.
| PBAIX | ABRYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 2.05 | -0.70 |
Sortino ratioReturn per unit of downside risk | 1.87 | 2.65 | -0.78 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.40 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 2.70 | -0.92 |
Martin ratioReturn relative to average drawdown | 6.09 | 10.71 | -4.63 |
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
| PBAIX | ABRYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 2.05 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.35 | +0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.46 | +0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.61 | -0.04 |
Correlation
The correlation between PBAIX and ABRYX is 0.30, 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
PBAIX vs. ABRYX - Dividend Comparison
PBAIX has not paid dividends to shareholders, while ABRYX's dividend yield for the trailing twelve months is around 3.17%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ABRYX Invesco Balanced-Risk Allocation Fund | 3.17% | 3.55% | 13.21% | 2.43% | 0.00% | 25.72% | 1.40% | 6.66% | 0.00% | 6.34% | 4.36% | 7.17% |
Drawdowns
PBAIX vs. ABRYX - Drawdown Comparison
The maximum PBAIX drawdown since its inception was -39.26%, which is greater than ABRYX's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for PBAIX and ABRYX.
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Drawdown Indicators
| PBAIX | ABRYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.26% | -26.63% | -12.63% |
Max Drawdown (1Y)Largest decline over 1 year | -4.22% | -6.93% | +2.71% |
Max Drawdown (5Y)Largest decline over 5 years | -6.79% | -19.17% | +12.38% |
Max Drawdown (10Y)Largest decline over 10 years | -8.94% | -26.63% | +17.69% |
Current DrawdownCurrent decline from peak | -1.69% | -2.39% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -4.32% | -4.68% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 1.75% | -0.43% |
Volatility
PBAIX vs. ABRYX - Volatility Comparison
The current volatility for BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) is 3.13%, while Invesco Balanced-Risk Allocation Fund (ABRYX) has a volatility of 4.01%. This indicates that PBAIX experiences smaller price fluctuations and is considered to be less risky than ABRYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBAIX | ABRYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 4.01% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 4.37% | 7.55% | -3.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.71% | 9.37% | -2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.42% | 12.13% | -5.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.11% | 10.88% | -4.77% |