PBAIX vs. MADVX
PBAIX (BlackRock Tactical Opportunities Fund Institutional Class) and MADVX (BlackRock Equity Dividend Fund) are both mutual funds - PBAIX is a Tactical Allocation fund actively managed by BlackRock, while MADVX is a Large Cap Value Equities fund managed by BlackRock. Over the past 10 years, PBAIX returned 6.10%/yr vs 11.81%/yr for MADVX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. PBAIX charges 0.77%/yr vs 0.68%/yr for MADVX.
Performance
PBAIX vs. MADVX - Performance Comparison
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Returns By Period
In the year-to-date period, PBAIX achieves a 10.31% return, which is significantly lower than MADVX's 15.65% return. Over the past 10 years, PBAIX has underperformed MADVX with an annualized return of 6.10%, while MADVX has yielded a comparatively higher 11.81% annualized return.
PBAIX
- 1D
- 0.93%
- 1M
- 0.98%
- 6M
- 9.55%
- YTD
- 10.31%
- 1Y
- 11.44%
- 3Y*
- 9.38%
- 5Y*
- 7.78%
- 10Y*
- 6.10%
- ALL TIME*
- 6.50%
MADVX
- 1D
- 0.90%
- 1M
- 1.02%
- 6M
- 11.69%
- YTD
- 15.65%
- 1Y
- 28.55%
- 3Y*
- 15.84%
- 5Y*
- 11.05%
- 10Y*
- 11.81%
- ALL TIME*
- 10.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PBAIX vs. MADVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBAIX BlackRock Tactical Opportunities Fund Institutional Class | 10.31% | 6.46% | 12.08% | 2.64% | 6.14% | 0.50% | 6.91% | 1.65% | 4.68% | 8.05% |
MADVX BlackRock Equity Dividend Fund | 15.65% | 21.70% | 6.98% | 12.71% | -3.97% | 20.13% | 4.03% | 27.58% | -7.15% | 16.31% |
Correlation
The correlation between PBAIX and MADVX is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.22 |
Correlation (All Time) Calculated using the full available price history since May 28, 1993 | 0.65 |
The correlation between PBAIX and MADVX shifts across timeframes, from -0.03 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PBAIX vs. MADVX — Risk / Return Rank
PBAIX
MADVX
PBAIX vs. MADVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) and BlackRock Equity Dividend Fund (MADVX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PBAIX | MADVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.39 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 2.88 | +1.04 |
| Martin ratioReturn relative to average drawdown | 9.50 | 12.34 | -2.84 |
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Drawdowns
PBAIX vs. MADVX - Drawdown Comparison
The maximum PBAIX drawdown since its inception was -39.26%, smaller than the maximum MADVX drawdown of -50.00%. Use the drawdown chart below to compare losses from any high point for PBAIX and MADVX.
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Drawdown Indicators
| PBAIX | MADVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.26% | -50.00% | +10.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -9.01% | +6.02% |
Max Drawdown (3Y)Largest decline over 3 years | -6.79% | -15.22% | +8.43% |
Max Drawdown (5Y)Largest decline over 5 years | -6.79% | -18.05% | +11.26% |
Max Drawdown (10Y)Largest decline over 10 years | -8.94% | -35.94% | +27.00% |
Current DrawdownCurrent decline from peak | -0.06% | -0.22% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -4.28% | -5.27% | +0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 2.11% | -0.88% |
Volatility
PBAIX vs. MADVX - Volatility Comparison
The current volatility for BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) is 1.66%, while BlackRock Equity Dividend Fund (MADVX) has a volatility of 3.39%. This indicates that PBAIX experiences smaller price fluctuations and is considered to be less risky than MADVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBAIX | MADVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 3.39% | -1.73% |
Volatility (6M)Calculated over the trailing 6-month period | 4.68% | 9.42% | -4.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.74% | 11.84% | -6.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.44% | 14.20% | -7.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.10% | 16.30% | -10.20% |
PBAIX vs. MADVX - Expense Ratio Comparison
PBAIX has a 0.77% expense ratio, which is higher than MADVX's 0.68% expense ratio.
Dividends
PBAIX vs. MADVX - Dividend Comparison
PBAIX has not paid dividends to shareholders, while MADVX's dividend yield for the trailing twelve months is around 14.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MADVX BlackRock Equity Dividend Fund | 14.09% | 10.23% | 8.58% | 7.08% | 13.50% | 12.15% | 6.35% | 13.15% | 14.04% | 14.38% | 7.98% | 18.44% |
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
PBAIX and MADVX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MADVX has higher volatility (3.39%) compared to PBAIX (1.66%). In terms of maximum drawdown, PBAIX dropped -39.26% vs MADVX's -50.00%.
MADVX currently has the higher Sharpe Ratio (2.20 vs 2.04), 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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