RDMIX vs. PCBAX
RDMIX (Rational/ReSolve Adaptive Asset Allocation Fund) and PCBAX (BlackRock Tactical Opportunities Fund) are both Macro Trading funds. Over the past 10 years, RDMIX returned 4.89%/yr vs 5.78%/yr for PCBAX. At a 0.04 correlation, their price movements are largely independent. RDMIX charges 1.97%/yr vs 1.08%/yr for PCBAX.
Performance
RDMIX vs. PCBAX - Performance Comparison
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Returns By Period
In the year-to-date period, RDMIX achieves a 12.33% return, which is significantly higher than PCBAX's 8.57% return. Over the past 10 years, RDMIX has underperformed PCBAX with an annualized return of 4.89%, while PCBAX has yielded a comparatively higher 5.78% annualized return.
RDMIX
- 1D
- 0.42%
- 1M
- 0.89%
- YTD
- 12.33%
- 6M
- 11.76%
- 1Y
- 24.01%
- 3Y*
- 8.70%
- 5Y*
- 5.48%
- 10Y*
- 4.89%
PCBAX
- 1D
- -0.53%
- 1M
- -0.71%
- YTD
- 8.57%
- 6M
- 8.36%
- 1Y
- 11.66%
- 3Y*
- 9.03%
- 5Y*
- 6.88%
- 10Y*
- 5.78%
RDMIX vs. PCBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RDMIX Rational/ReSolve Adaptive Asset Allocation Fund | 12.33% | 5.07% | 9.88% | -0.52% | -3.06% | 11.18% | 0.65% | 18.24% | -7.65% | 3.85% |
PCBAX BlackRock Tactical Opportunities Fund | 8.57% | 6.16% | 11.77% | 2.37% | 5.77% | 0.29% | 6.50% | 1.41% | 4.32% | 7.71% |
Correlation
The correlation between RDMIX and PCBAX is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 1995 | 0.04 |
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Return for Risk
RDMIX vs. PCBAX — Risk / Return Rank
RDMIX
PCBAX
RDMIX vs. PCBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rational/ReSolve Adaptive Asset Allocation Fund (RDMIX) and BlackRock Tactical Opportunities Fund (PCBAX). 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.
| RDMIX | PCBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.40 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.04 | 3.90 | +0.13 |
| Martin ratioReturn relative to average drawdown | 11.10 | 9.40 | +1.70 |
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Drawdowns
RDMIX vs. PCBAX - Drawdown Comparison
The maximum RDMIX drawdown since its inception was -31.57%, smaller than the maximum PCBAX drawdown of -39.55%. Use the drawdown chart below to compare losses from any high point for RDMIX and PCBAX.
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Drawdown Indicators
| RDMIX | PCBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.57% | -39.55% | +7.98% |
Max Drawdown (1Y)Largest decline over 1 year | -6.10% | -3.04% | -3.06% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -6.75% | -9.79% |
Max Drawdown (5Y)Largest decline over 5 years | -19.96% | -6.75% | -13.21% |
Max Drawdown (10Y)Largest decline over 10 years | -21.92% | -9.00% | -12.92% |
Current DrawdownCurrent decline from peak | -1.49% | -1.46% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -8.35% | -4.36% | -3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 1.26% | +0.95% |
Volatility
RDMIX vs. PCBAX - Volatility Comparison
Rational/ReSolve Adaptive Asset Allocation Fund (RDMIX) has a higher volatility of 3.37% compared to BlackRock Tactical Opportunities Fund (PCBAX) at 1.28%. This indicates that RDMIX's price experiences larger fluctuations and is considered to be riskier than PCBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RDMIX | PCBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 1.28% | +2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 7.90% | 4.77% | +3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.27% | 5.76% | +5.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.16% | 6.47% | +4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.31% | 6.13% | +5.18% |
RDMIX vs. PCBAX - Expense Ratio Comparison
RDMIX has a 1.97% expense ratio, which is higher than PCBAX's 1.08% expense ratio.
Dividends
RDMIX vs. PCBAX - Dividend Comparison
RDMIX's dividend yield for the trailing twelve months is around 0.80%, while PCBAX has not paid dividends to shareholders.
| Position | 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% |
RDMIX Rational/ReSolve Adaptive Asset Allocation Fund | 0.80% | 0.90% | 6.81% | 10.63% | 0.39% | 16.40% | 0.47% | 15.46% | 0.94% | 0.07% | 0.00% | 0.00% |
Frequently Asked Questions
RDMIX and PCBAX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDMIX has higher volatility (3.37%) compared to PCBAX (1.28%). In terms of maximum drawdown, RDMIX dropped -31.57% vs PCBAX's -39.55%.
RDMIX currently has the higher Sharpe Ratio (2.19 vs 2.07), 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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