PCIFX vs. BCRIX
PCIFX (PACE Intermediate Fixed Income Investments) and BCRIX (BlackRock Advantage CoreAlpha Bond Fund) are both Intermediate Core Bond funds. Over the past 10 years, PCIFX returned 1.98%/yr vs 1.39%/yr for BCRIX. Their correlation of 0.87 suggests significant overlap in exposure. PCIFX charges 0.61%/yr vs 0.28%/yr for BCRIX.
Performance
PCIFX vs. BCRIX - Performance Comparison
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Returns By Period
In the year-to-date period, PCIFX achieves a 0.52% return, which is significantly higher than BCRIX's -0.13% return. Over the past 10 years, PCIFX has outperformed BCRIX with an annualized return of 1.98%, while BCRIX has yielded a comparatively lower 1.39% annualized return.
PCIFX
- 1D
- -0.10%
- 1M
- -0.04%
- 6M
- 0.33%
- YTD
- 0.52%
- 1Y
- 3.99%
- 3Y*
- 5.71%
- 5Y*
- 0.74%
- 10Y*
- 1.98%
BCRIX
- 1D
- -0.12%
- 1M
- -0.30%
- 6M
- -0.13%
- YTD
- -0.13%
- 1Y
- 4.03%
- 3Y*
- 4.36%
- 5Y*
- -0.65%
- 10Y*
- 1.39%
PCIFX vs. BCRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCIFX PACE Intermediate Fixed Income Investments | 0.52% | 7.03% | 3.84% | 7.82% | -13.38% | -1.83% | 8.04% | 8.66% | -0.86% | 3.27% |
BCRIX BlackRock Advantage CoreAlpha Bond Fund | -0.13% | 6.81% | 2.21% | 5.07% | -14.70% | -1.97% | 8.78% | 9.33% | -0.17% | 4.17% |
Correlation
The correlation between PCIFX and BCRIX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2011 | 0.87 |
The correlation between PCIFX and BCRIX shifts across timeframes, from 0.81 (1 year) to 0.93 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PCIFX vs. BCRIX — Risk / Return Rank
PCIFX
BCRIX
PCIFX vs. BCRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PACE Intermediate Fixed Income Investments (PCIFX) and BlackRock Advantage CoreAlpha Bond Fund (BCRIX). 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.
| PCIFX | BCRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.16 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 1.18 | +0.69 |
| Martin ratioReturn relative to average drawdown | 5.59 | 3.22 | +2.37 |
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Drawdowns
PCIFX vs. BCRIX - Drawdown Comparison
The maximum PCIFX drawdown since its inception was -18.54%, smaller than the maximum BCRIX drawdown of -20.21%. Use the drawdown chart below to compare losses from any high point for PCIFX and BCRIX.
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Drawdown Indicators
| PCIFX | BCRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.54% | -20.21% | +1.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.30% | -3.01% | +0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -5.34% | -6.40% | +1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -18.16% | -20.05% | +1.89% |
Max Drawdown (10Y)Largest decline over 10 years | -18.54% | -20.21% | +1.67% |
Current DrawdownCurrent decline from peak | -0.98% | -4.21% | +3.23% |
Average DrawdownAverage peak-to-trough decline | -1.89% | -4.11% | +2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 1.11% | -0.35% |
Volatility
PCIFX vs. BCRIX - Volatility Comparison
The current volatility for PACE Intermediate Fixed Income Investments (PCIFX) is 1.02%, while BlackRock Advantage CoreAlpha Bond Fund (BCRIX) has a volatility of 1.19%. This indicates that PCIFX experiences smaller price fluctuations and is considered to be less risky than BCRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCIFX | BCRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 1.19% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 2.91% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 3.82% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.80% | 6.06% | -0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.71% | 5.06% | -0.35% |
PCIFX vs. BCRIX - Expense Ratio Comparison
PCIFX has a 0.61% expense ratio, which is higher than BCRIX's 0.28% expense ratio.
Dividends
PCIFX vs. BCRIX - Dividend Comparison
PCIFX's dividend yield for the trailing twelve months is around 5.44%, more than BCRIX's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCRIX BlackRock Advantage CoreAlpha Bond Fund | 4.74% | 4.59% | 4.53% | 3.41% | 1.85% | 2.49% | 6.25% | 3.75% | 3.07% | 2.81% | 3.21% | 2.93% |
PCIFX PACE Intermediate Fixed Income Investments | 5.44% | 5.04% | 6.03% | 5.50% | 2.79% | 2.93% | 4.46% | 2.61% | 2.70% | 1.99% | 1.86% | 2.20% |
Frequently Asked Questions
PCIFX and BCRIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCRIX has higher volatility (1.19%) compared to PCIFX (1.02%). In terms of maximum drawdown, PCIFX dropped -18.54% vs BCRIX's -20.21%.
PCIFX currently has the higher Sharpe Ratio (1.14 vs 0.93), 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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