PCBAX vs. FASGX
Compare and contrast key facts about BlackRock Tactical Opportunities Fund (PCBAX) and Fidelity Asset Manager 70% Fund (FASGX).
PCBAX is managed by BlackRock. It was launched on Dec 28, 1988. FASGX is managed by BlackRock. It was launched on Dec 30, 1991.
Performance
PCBAX vs. FASGX - Performance Comparison
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PCBAX vs. FASGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCBAX BlackRock Tactical Opportunities Fund | 3.41% | 6.16% | 11.77% | 2.37% | 5.77% | 0.29% | 6.50% | 1.41% | 4.32% | 7.71% |
FASGX Fidelity Asset Manager 70% Fund | -0.70% | 18.23% | 10.81% | 16.45% | -16.83% | 13.98% | 17.19% | 22.81% | -7.65% | 17.34% |
Returns By Period
In the year-to-date period, PCBAX achieves a 3.41% return, which is significantly higher than FASGX's -0.70% return. Over the past 10 years, PCBAX has underperformed FASGX with an annualized return of 5.06%, while FASGX has yielded a comparatively higher 8.96% annualized return.
PCBAX
- 1D
- 0.25%
- 1M
- 1.39%
- YTD
- 3.41%
- 6M
- 2.36%
- 1Y
- 9.41%
- 3Y*
- 8.43%
- 5Y*
- 6.25%
- 10Y*
- 5.06%
FASGX
- 1D
- 2.36%
- 1M
- -4.75%
- YTD
- -0.70%
- 6M
- 1.92%
- 1Y
- 17.75%
- 3Y*
- 12.59%
- 5Y*
- 6.64%
- 10Y*
- 8.96%
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PCBAX vs. FASGX - Expense Ratio Comparison
PCBAX has a 1.08% expense ratio, which is higher than FASGX's 0.67% expense ratio.
Return for Risk
PCBAX vs. FASGX — Risk / Return Rank
PCBAX
FASGX
PCBAX vs. FASGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Tactical Opportunities Fund (PCBAX) and Fidelity Asset Manager 70% Fund (FASGX). 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.
| PCBAX | FASGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.37 | 1.41 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.88 | 2.01 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.30 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.00 | +0.06 |
Martin ratioReturn relative to average drawdown | 6.66 | 8.74 | -2.08 |
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
| PCBAX | FASGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 1.41 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.55 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.71 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.60 | -0.03 |
Correlation
The correlation between PCBAX and FASGX is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PCBAX vs. FASGX - Dividend Comparison
PCBAX has not paid dividends to shareholders, while FASGX's dividend yield for the trailing twelve months is around 7.39%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCBAX BlackRock Tactical Opportunities Fund | 0.00% | 0.00% | 0.00% | 11.67% | 3.36% | 0.00% | 2.44% | 3.08% | 9.91% | 0.80% | 1.41% | 4.86% |
FASGX Fidelity Asset Manager 70% Fund | 7.39% | 7.33% | 4.60% | 1.72% | 6.69% | 2.73% | 2.20% | 5.19% | 6.31% | 2.75% | 0.20% | 5.58% |
Drawdowns
PCBAX vs. FASGX - Drawdown Comparison
The maximum PCBAX drawdown since its inception was -39.55%, smaller than the maximum FASGX drawdown of -47.35%. Use the drawdown chart below to compare losses from any high point for PCBAX and FASGX.
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Drawdown Indicators
| PCBAX | FASGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.55% | -47.35% | +7.80% |
Max Drawdown (1Y)Largest decline over 1 year | -4.29% | -9.07% | +4.78% |
Max Drawdown (5Y)Largest decline over 5 years | -6.75% | -23.54% | +16.79% |
Max Drawdown (10Y)Largest decline over 10 years | -9.00% | -27.20% | +18.20% |
Current DrawdownCurrent decline from peak | -1.47% | -5.77% | +4.30% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -6.74% | +2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 2.07% | -0.72% |
Volatility
PCBAX vs. FASGX - Volatility Comparison
The current volatility for BlackRock Tactical Opportunities Fund (PCBAX) is 3.15%, while Fidelity Asset Manager 70% Fund (FASGX) has a volatility of 5.30%. This indicates that PCBAX experiences smaller price fluctuations and is considered to be less risky than FASGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCBAX | FASGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 5.30% | -2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 4.40% | 8.12% | -3.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.76% | 13.00% | -6.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.45% | 12.18% | -5.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.12% | 12.58% | -6.46% |