PBAIX vs. QEVOX
PBAIX (BlackRock Tactical Opportunities Fund Institutional Class) and QEVOX (Quantified Evolution Plus Fund) are both Tactical Allocation funds. Over the past 5 years, PBAIX returned 7.78%/yr vs 7.74%/yr for QEVOX. Their 0.15 correlation means their historical movements had little consistent relationship. PBAIX charges 0.77%/yr vs 1.56%/yr for QEVOX.
Performance
PBAIX vs. QEVOX - 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 QEVOX's 43.03% 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%
QEVOX
- 1D
- 0.88%
- 1M
- -2.54%
- 6M
- 22.60%
- YTD
- 43.03%
- 1Y
- 63.23%
- 3Y*
- 18.83%
- 5Y*
- 7.74%
- 10Y*
- —
- ALL TIME*
- 6.24%
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. QEVOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PBAIX BlackRock Tactical Opportunities Fund Institutional Class | 10.31% | 6.46% | 12.08% | 2.64% | 6.14% | 0.50% | 6.91% | 1.87% |
QEVOX Quantified Evolution Plus Fund | 43.03% | 8.67% | 14.79% | 1.22% | -24.02% | 14.49% | -1.82% | -1.96% |
Correlation
The correlation between PBAIX and QEVOX is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019 | 0.15 |
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Return for Risk
PBAIX vs. QEVOX — Risk / Return Rank
PBAIX
QEVOX
PBAIX vs. QEVOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) and Quantified Evolution Plus Fund (QEVOX). 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 | QEVOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.38 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 3.22 | +0.70 |
| Martin ratioReturn relative to average drawdown | 9.50 | 9.80 | -0.31 |
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Drawdowns
PBAIX vs. QEVOX - Drawdown Comparison
The maximum PBAIX drawdown since its inception was -39.26%, which is greater than QEVOX's maximum drawdown of -28.47%. Use the drawdown chart below to compare losses from any high point for PBAIX and QEVOX.
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Drawdown Indicators
| PBAIX | QEVOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.26% | -28.47% | -10.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -19.83% | +16.84% |
Max Drawdown (3Y)Largest decline over 3 years | -6.79% | -21.21% | +14.42% |
Max Drawdown (5Y)Largest decline over 5 years | -6.79% | -27.40% | +20.61% |
Max Drawdown (10Y)Largest decline over 10 years | -8.94% | — | — |
Current DrawdownCurrent decline from peak | -0.06% | -16.18% | +16.12% |
Average DrawdownAverage peak-to-trough decline | -4.28% | -13.87% | +9.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 6.50% | -5.27% |
Volatility
PBAIX vs. QEVOX - Volatility Comparison
The current volatility for BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) is 1.66%, while Quantified Evolution Plus Fund (QEVOX) has a volatility of 6.48%. This indicates that PBAIX experiences smaller price fluctuations and is considered to be less risky than QEVOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBAIX | QEVOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 6.48% | -4.82% |
Volatility (6M)Calculated over the trailing 6-month period | 4.68% | 24.26% | -19.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.74% | 28.69% | -22.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.44% | 20.74% | -14.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.10% | 22.19% | -16.09% |
PBAIX vs. QEVOX - Expense Ratio Comparison
PBAIX has a 0.77% expense ratio, which is lower than QEVOX's 1.56% expense ratio.
Dividends
PBAIX vs. QEVOX - Dividend Comparison
PBAIX has not paid dividends to shareholders, while QEVOX's dividend yield for the trailing twelve months is around 46.38%.
| Position | 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% |
QEVOX Quantified Evolution Plus Fund | 46.38% | 66.34% | 10.32% | 24.53% | 0.07% | 13.55% | 2.29% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PBAIX and QEVOX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QEVOX has higher volatility (6.48%) compared to PBAIX (1.66%). In terms of maximum drawdown, PBAIX dropped -39.26% vs QEVOX's -28.47%.
QEVOX currently has the higher Sharpe Ratio (2.23 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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