PWDIX vs. PBAIX
PWDIX (Donoghue Forlines Dividend Fund) and PBAIX (BlackRock Tactical Opportunities Fund Institutional Class) are both Tactical Allocation funds. Over the past 10 years, PWDIX returned 5.92%/yr vs 6.20%/yr for PBAIX. At a 0.25 correlation, their price movements are largely independent. PWDIX charges 1.56%/yr vs 0.77%/yr for PBAIX.
Performance
PWDIX vs. PBAIX - Performance Comparison
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Returns By Period
In the year-to-date period, PWDIX achieves a 10.92% return, which is significantly higher than PBAIX's 9.80% return. Both investments have delivered pretty close results over the past 10 years, with PWDIX having a 5.92% annualized return and PBAIX not far ahead at 6.20%.
PWDIX
- 1D
- 0.60%
- 1M
- -0.34%
- YTD
- 10.92%
- 6M
- 10.10%
- 1Y
- 23.60%
- 3Y*
- 15.52%
- 5Y*
- 7.40%
- 10Y*
- 5.92%
PBAIX
- 1D
- 0.06%
- 1M
- 0.23%
- YTD
- 9.80%
- 6M
- 9.60%
- 1Y
- 13.99%
- 3Y*
- 9.70%
- 5Y*
- 7.42%
- 10Y*
- 6.20%
PWDIX vs. PBAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PWDIX Donoghue Forlines Dividend Fund | 10.92% | 17.73% | 12.33% | -0.18% | -9.83% | 31.54% | -6.54% | -2.84% | -7.97% | 11.41% |
PBAIX BlackRock Tactical Opportunities Fund Institutional Class | 9.80% | 6.46% | 12.08% | 2.64% | 6.14% | 0.50% | 6.91% | 1.65% | 4.68% | 8.05% |
Correlation
The correlation between PWDIX and PBAIX is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2013 | 0.25 |
Over the past year, the correlation between PWDIX and PBAIX has dropped to 0.01 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.
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Return for Risk
PWDIX vs. PBAIX — Risk / Return Rank
PWDIX
PBAIX
PWDIX vs. PBAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Donoghue Forlines Dividend Fund (PWDIX) and BlackRock Tactical Opportunities Fund Institutional Class (PBAIX). 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.
| PWDIX | PBAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.49 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.47 | 4.76 | -0.28 |
| Martin ratioReturn relative to average drawdown | 13.48 | 11.69 | +1.79 |
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Drawdowns
PWDIX vs. PBAIX - Drawdown Comparison
The maximum PWDIX drawdown since its inception was -40.86%, roughly equal to the maximum PBAIX drawdown of -39.26%. Use the drawdown chart below to compare losses from any high point for PWDIX and PBAIX.
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Drawdown Indicators
| PWDIX | PBAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.86% | -39.26% | -1.60% |
Max Drawdown (1Y)Largest decline over 1 year | -5.44% | -2.99% | -2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -16.86% | -6.79% | -10.07% |
Max Drawdown (5Y)Largest decline over 5 years | -21.29% | -6.79% | -14.50% |
Max Drawdown (10Y)Largest decline over 10 years | -40.86% | -8.94% | -31.92% |
Current DrawdownCurrent decline from peak | -2.49% | -0.46% | -2.03% |
Average DrawdownAverage peak-to-trough decline | -8.50% | -4.29% | -4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 1.21% | +0.59% |
Volatility
PWDIX vs. PBAIX - Volatility Comparison
Donoghue Forlines Dividend Fund (PWDIX) has a higher volatility of 3.92% compared to BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) at 1.13%. This indicates that PWDIX's price experiences larger fluctuations and is considered to be riskier than PBAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PWDIX | PBAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 1.13% | +2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 4.64% | +3.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.25% | 5.66% | +5.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.12% | 6.43% | +7.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.53% | 6.13% | +8.40% |
PWDIX vs. PBAIX - Expense Ratio Comparison
PWDIX has a 1.56% expense ratio, which is higher than PBAIX's 0.77% expense ratio.
Dividends
PWDIX vs. PBAIX - Dividend Comparison
PWDIX's dividend yield for the trailing twelve months is around 1.81%, while PBAIX has not paid dividends to shareholders.
| 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% |
PWDIX Donoghue Forlines Dividend Fund | 1.81% | 1.22% | 2.16% | 1.75% | 1.29% | 2.31% | 3.66% | 3.10% | 30.58% | 3.25% | 1.45% | 3.55% |
Frequently Asked Questions
PWDIX and PBAIX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PWDIX has higher volatility (3.92%) compared to PBAIX (1.13%). In terms of maximum drawdown, PWDIX dropped -40.86% vs PBAIX's -39.26%.
PBAIX currently has the higher Sharpe Ratio (2.51 vs 2.17), 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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