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PCBAX · Blackrock Tactical Opportunities Fund Investor A
Over the last 15 years (2011-10 to 2026-10), $10,000 invested in PCBAX with dividends reinvested grew to $18,142, 4.03% a year, with a worst peak-to-trough fall of -14.71%. Past performance doesn't predict future results.
Growth of $10,000 · 2011-10 to 2026-10 · dividends reinvested
How PCBAX held up in past market crashes
PCBAX has been through 5 of the market crashes since 2000 in our data. Its deepest price fall was 50.2% in the Dot-com bust, when the S&P 500 fell 49.1%. Its price had not yet regained that high by the latest close (price only, not counting the dividends or interest it paid). No fund is safe from losses; past falls do not predict future ones.
| Crash | PCBAX deepest fall | S&P 500 (SPY) | Peak to bottom | Back to peak |
|---|---|---|---|---|
| Dot-com bust | -50.2% | -49.1% | Mar 2000 to Oct 2002 | Not yet |
| 2008 financial crisis | -46.5% | -56.5% | Oct 2007 to Mar 2009 | 17.5 years |
| 2018 fourth-quarter selloff | -11.8% | -20.2% | Sep 2018 to Dec 2018 | 6.6 years |
| 2020 COVID crash | -8.9% | -34.1% | Feb 2020 to Mar 2020 | 2 months |
| 2022 bear market | -4.6% | -25.4% | Jan 2022 to Mar 2022 | 1 months |
Price declines in the fund's listing currency, dividends not included, inside each crash's S&P 500 peak-to-bottom window. See how 50 popular ETFs compare in the crash study.
About PCBAX
BlackRock Tactical Opportunities Fund Investor A is an actively managed mutual fund that seeks to maximize total return through a flexible, macro-driven asset allocation strategy. Its primary objective is to achieve total return by investing dynamically across a wide range of global asset classes, including equities, fixed income, money market instruments, and derivatives. The fund takes a diversified and opportunistic approach, allocating between domestic and foreign securities, with the ability to shift exposures significantly based on global economic trends and market conditions. A distinctive aspect of this fund is its blend of systematic (rule-based) and discretionary investment processes, allowing for quick adaptation in changing markets and an effort to maintain limited correlation with traditional equity and bond markets. Managed by a seasoned team, the fund is notable for avoiding large, concentrated bets and instead focuses on diversified macro positions that aim to generate returns regardless of market direction. With hundreds of holdings, it touches a variety of sectors, geographies, and instruments, making it an appealing component for investors seeking diversification and potential risk mitigation in their broader portfolios.
Put PCBAX to the test
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Backtest PCBAX →
Full history, any date range, benchmarks, drawdowns, rolling returns.
Would PCBAX survive 2008? →
What actually happened to it in the crisis: real drawdown and recovery.
Project it forward →
Monte Carlo simulation of where it could go from here.
Compare PCBAX vs VTI →
Side by side with the total US market: returns, drawdowns and volatility over their shared history.
Replay $100/mo into PCBAX →
Animated growth of steady monthly contributions.
Fundamentals →
Holdings-level financials where available.
Educational use only, not investment advice. Results are hypothetical.Read full disclaimer
This tool is for educational and informational purposes only and does not provide financial, investment, tax, legal, or accounting advice. Results are hypothetical and based on historical data and assumptions that may be inaccurate. Past performance does not guarantee future results. Consult a licensed professional before making investment decisions.