SIRIX vs. PBAIX
SIRIX (Ocean Park Tactical All Asset Fund) and PBAIX (BlackRock Tactical Opportunities Fund Institutional Class) are both Tactical Allocation funds. Over the past 10 years, SIRIX returned 2.41%/yr vs 6.10%/yr for PBAIX. Their 0.18 correlation means their historical movements had little consistent relationship. SIRIX charges 1.70%/yr vs 0.77%/yr for PBAIX.
Performance
SIRIX vs. PBAIX - Performance Comparison
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Returns By Period
In the year-to-date period, SIRIX achieves a 3.27% return, which is significantly lower than PBAIX's 10.31% return. Over the past 10 years, SIRIX has underperformed PBAIX with an annualized return of 2.41%, while PBAIX has yielded a comparatively higher 6.10% annualized return.
SIRIX
- 1D
- 0.74%
- 1M
- -1.15%
- 6M
- 1.52%
- YTD
- 3.27%
- 1Y
- 8.88%
- 3Y*
- 5.07%
- 5Y*
- 1.53%
- 10Y*
- 2.41%
- ALL TIME*
- 3.78%
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%
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 |
SIRIX vs. PBAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIRIX Ocean Park Tactical All Asset Fund | 3.27% | 4.74% | 4.90% | 4.17% | -6.82% | 0.48% | 4.81% | 7.71% | -4.24% | 7.45% |
PBAIX BlackRock Tactical Opportunities Fund Institutional Class | 10.31% | 6.46% | 12.08% | 2.64% | 6.14% | 0.50% | 6.91% | 1.65% | 4.68% | 8.05% |
Correlation
The correlation between SIRIX and PBAIX is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.18 |
The correlation between SIRIX and PBAIX shifts across timeframes, from 0.01 (1 year) to 0.19 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SIRIX vs. PBAIX — Risk / Return Rank
SIRIX
PBAIX
SIRIX vs. PBAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ocean Park Tactical All Asset Fund (SIRIX) 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.
| SIRIX | PBAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.39 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 3.92 | -2.35 |
| Martin ratioReturn relative to average drawdown | 5.44 | 9.50 | -4.05 |
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Drawdowns
SIRIX vs. PBAIX - Drawdown Comparison
The maximum SIRIX drawdown since its inception was -11.31%, smaller than the maximum PBAIX drawdown of -39.26%. Use the drawdown chart below to compare losses from any high point for SIRIX and PBAIX.
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Drawdown Indicators
| SIRIX | PBAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.31% | -39.26% | +27.95% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | -2.99% | -2.43% |
Max Drawdown (3Y)Largest decline over 3 years | -7.99% | -6.79% | -1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -11.30% | -6.79% | -4.51% |
Max Drawdown (10Y)Largest decline over 10 years | -11.31% | -8.94% | -2.37% |
Current DrawdownCurrent decline from peak | -2.24% | -0.06% | -2.18% |
Average DrawdownAverage peak-to-trough decline | -2.42% | -4.28% | +1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.23% | +0.32% |
Volatility
SIRIX vs. PBAIX - Volatility Comparison
Ocean Park Tactical All Asset Fund (SIRIX) has a higher volatility of 2.30% compared to BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) at 1.66%. This indicates that SIRIX'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
| SIRIX | PBAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 1.66% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 6.20% | 4.68% | +1.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.17% | 5.74% | +1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.46% | 6.44% | -0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.29% | 6.10% | -1.81% |
SIRIX vs. PBAIX - Expense Ratio Comparison
SIRIX has a 1.70% expense ratio, which is higher than PBAIX's 0.77% expense ratio.
Dividends
SIRIX vs. PBAIX - Dividend Comparison
SIRIX's dividend yield for the trailing twelve months is around 2.17%, 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% |
SIRIX Ocean Park Tactical All Asset Fund | 2.17% | 2.65% | 2.88% | 2.71% | 1.59% | 2.52% | 1.37% | 2.51% | 2.23% | 2.41% | 2.15% | 2.53% |
Frequently Asked Questions
SIRIX 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.
SIRIX has higher volatility (2.30%) compared to PBAIX (1.66%). In terms of maximum drawdown, SIRIX dropped -11.31% vs PBAIX's -39.26%.
PBAIX currently has the higher Sharpe Ratio (2.04 vs 1.18), 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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