TRIFX vs. BAICX

Last updated Jun 23, 2026

TRIFX (Catalyst/SMH Total Return Income Fund) and BAICX (BlackRock Multi-Asset Income Portfolio) are both Diversified Portfolio funds. Over the past 10 years, TRIFX returned 8.87%/yr vs 5.22%/yr for BAICX. A 0.71 correlation means they provide meaningful diversification when combined. TRIFX charges 1.58%/yr vs 0.81%/yr for BAICX.

Performance

TRIFX vs. BAICX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Catalyst/SMH Total Return Income Fund (TRIFX) and BlackRock Multi-Asset Income Portfolio (BAICX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRIFX achieves a 3.86% return, which is significantly higher than BAICX's 3.55% return. Over the past 10 years, TRIFX has outperformed BAICX with an annualized return of 8.87%, while BAICX has yielded a comparatively lower 5.22% annualized return.

TRIFX

• 1D: -0.20%
• 1M: -0.67%
• YTD: 3.86%
• 6M: 3.05%
• 1Y: 14.23%
• 3Y*: 10.16%
• 5Y*: 4.80%
• 10Y*: 8.87%

BAICX

• 1D: 0.38%
• 1M: 0.91%
• YTD: 3.55%
• 6M: 4.29%
• 1Y: 10.80%
• 3Y*: 9.20%
• 5Y*: 3.88%
• 10Y*: 5.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TRIFX vs. BAICX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRIFX Catalyst/SMH Total Return Income Fund	3.86%	5.53%	10.63%	14.49%	-12.48%	24.45%	5.12%	19.43%	-7.19%	12.65%
BAICX BlackRock Multi-Asset Income Portfolio	3.55%	11.53%	7.19%	9.24%	-12.42%	6.61%	6.34%	13.61%	-3.78%	8.79%

Correlation

The correlation between TRIFX and BAICX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since May 21, 2008	0.71

The correlation between TRIFX and BAICX shifts across timeframes, from 0.59 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

TRIFX vs. BAICX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TRIFX

TRIFX Risk / Return Rank: 22
TRIFX Sharpe Ratio Rank: 20
TRIFX Sortino Ratio Rank: 19
TRIFX Omega Ratio Rank: 20
TRIFX Calmar Ratio Rank: 30
TRIFX Martin Ratio Rank: 21

BAICX

BAICX Risk / Return Rank: 48
BAICX Sharpe Ratio Rank: 50
BAICX Sortino Ratio Rank: 53
BAICX Omega Ratio Rank: 55
BAICX Calmar Ratio Rank: 36
BAICX Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TRIFX vs. BAICX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Catalyst/SMH Total Return Income Fund (TRIFX) and BlackRock Multi-Asset Income Portfolio (BAICX). 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.

	TRIFX	BAICX	Difference
Sharpe ratio: Return per unit of total volatility	1.21	1.92	-0.71
Sortino ratio: Return per unit of downside risk	1.72	2.82	-1.10
Omega ratio: Gain probability vs. loss probability	1.22	1.37	-0.16
Calmar ratio: Return relative to maximum drawdown	1.95	2.15	-0.20
Martin ratio: Return relative to average drawdown	4.85	9.28	-4.43

TRIFX vs. BAICX - Sharpe Ratio Comparison

The current TRIFX Sharpe Ratio is 1.21, which is lower than the BAICX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of TRIFX and BAICX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TRIFX vs. BAICX - Drawdown Comparison

The maximum TRIFX drawdown since its inception was -54.53%, which is greater than BAICX's maximum drawdown of -33.29%. Use the drawdown chart below to compare losses from any high point for TRIFX and BAICX.

Drawdown Indicators

	TRIFX	BAICX	Difference
Max Drawdown Largest peak-to-trough decline	-54.53%	-33.29%	-21.24%
Max Drawdown (1Y) Largest decline over 1 year	-7.34%	-5.00%	-2.34%
Max Drawdown (3Y) Largest decline over 3 years	-15.67%	-5.85%	-9.82%
Max Drawdown (5Y) Largest decline over 5 years	-20.76%	-17.64%	-3.12%
Max Drawdown (10Y) Largest decline over 10 years	-35.43%	-19.76%	-15.67%
Current Drawdown Current decline from peak	-3.03%	-0.37%	-2.66%
Average Drawdown Average peak-to-trough decline	-18.15%	-3.73%	-14.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	1.16%	+1.78%

Volatility

TRIFX vs. BAICX - Volatility Comparison

Catalyst/SMH Total Return Income Fund (TRIFX) has a higher volatility of 2.58% compared to BlackRock Multi-Asset Income Portfolio (BAICX) at 2.15%. This indicates that TRIFX's price experiences larger fluctuations and is considered to be riskier than BAICX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRIFX	BAICX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.58%	2.15%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	8.15%	4.67%	+3.48%
Volatility (1Y) Calculated over the trailing 1-year period	11.85%	5.59%	+6.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.74%	6.32%	+4.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.69%	6.08%	+5.61%

TRIFX vs. BAICX - Expense Ratio Comparison

TRIFX has a 1.58% expense ratio, which is higher than BAICX's 0.81% expense ratio.

Dividends

TRIFX vs. BAICX - Dividend Comparison

TRIFX's dividend yield for the trailing twelve months is around 6.03%, less than BAICX's 6.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BAICX BlackRock Multi-Asset Income Portfolio	6.36%	6.26%	5.85%	4.20%	4.21%	4.90%	4.07%	4.69%	5.28%	4.60%	4.71%	5.34%
TRIFX Catalyst/SMH Total Return Income Fund	6.03%	4.90%	7.36%	5.42%	4.84%	5.15%	5.44%	5.36%	7.10%	6.47%	6.14%	10.01%

Frequently Asked Questions

Can I hold both TRIFX and BAICX in my portfolio?

TRIFX and BAICX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRIFX or BAICX?

TRIFX has higher volatility (2.58%) compared to BAICX (2.15%). In terms of maximum drawdown, TRIFX dropped -54.53% vs BAICX's -33.29%.

Which has better risk-adjusted returns?

BAICX currently has the higher Sharpe Ratio (1.92 vs 1.21), 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.