BACAX Performance — BlackRock Energy Opportunities Fund, Investor A
Data updated: 2026-09-24
BACAX returned +25.39% year to date and +40.67% over one year to May 2026. Annualised returns are +17.72% over 3 years and +19.01% over 5 years. The fund trailed its Global Energy Equity category average: $100 invested three years ago grew to $163, against $182 for the category, and to $141 over one year, against $154. Volatility over the past three years was 16.67% a year. In the 12 months to May 2026 the fund lost a net $8.3M, and assets reached $350.20M.
BACAX Growth of $100
What $100 invested in BlackRock Energy Opportunities Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Energy Equity category average over the same months.
| Period | BACAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $141 | $154 |
| 3 years (Jun 2023 – May 2026) | $163 | $182 |
| 5 years (Jun 2021 – May 2026) | $239 | $237 |
| Since data start (Jul 2019 – May 2026) | $210 | $218 |
BACAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +25.39% |
| 1 year | +40.67% |
| 3 years (annualised) | +17.72% |
| 5 years (annualised) | +19.01% |
BACAX Annual Returns
Calendar-year total returns of BlackRock Energy Opportunities Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +25.39% |
| 2025 | +10.54% |
| 2024 | +3.79% |
| 2023 | +2.60% |
| 2022 | +43.09% |
| 2021 | +42.93% |
| 2020 | −29.65% |
| 2019 (Jul–Dec) | −0.92% |
BACAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +12.6% | +9.8% | +9.9% | −1.7% | −6.1% | — | — | — | — | — | — | — |
| 2025 | +1.3% | +2.4% | +4.6% | −11.0% | +2.0% | +5.5% | +1.1% | +3.3% | −0.1% | −0.7% | +2.6% | 0.0% |
| 2024 | −1.3% | +2.5% | +9.2% | +0.1% | +0.4% | −1.6% | +1.7% | −1.1% | −4.0% | +1.4% | +4.1% | −7.0% |
| 2023 | +3.3% | −4.9% | −1.7% | +4.0% | −10.0% | +6.7% | +6.3% | +2.0% | +3.0% | −3.8% | −0.2% | −0.8% |
| 2022 | +15.2% | +4.4% | +7.3% | −0.8% | +13.6% | −14.7% | +6.5% | +0.8% | −8.9% | +18.6% | +3.5% | −4.0% |
| 2021 | +2.0% | +14.9% | +1.8% | −0.1% | +6.1% | +3.1% | −6.9% | −0.4% | +11.1% | +9.0% | −6.1% | +3.9% |
| 2020 | −9.6% | −13.2% | −27.7% | +14.4% | +2.9% | −0.8% | −3.7% | +1.5% | −13.9% | −5.7% | +29.5% | +3.2% |
| 2019 | — | — | — | — | — | — | −4.1% | −7.0% | +4.8% | −1.3% | +1.4% | +5.8% |
BACAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 16.67%
- 3-year Sharpe ratio: 0.79 (vs 4.5% risk-free rate)
- Best month: +12.55% (Jan 2026)
- Worst month: −10.98% (Apr 2025)
BACAX Fund Flows
Monthly money in and out of BlackRock Energy Opportunities Fund, from SEC Form N-PORT.
- 12-month net flow: −$8.3M
- 12-month gross sales (incl. reinvestments): $115.6M
- Sales ÷ redemptions: 0.93×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $12.8M | $13.1M | −$326K |
| Apr 2026 | $12.7M | $29.5M | −$16.8M |
| Mar 2026 | $39.0M | $17.4M | $21.6M |
| Feb 2026 | $12.4M | $5.4M | $7.0M |
| Jan 2026 | $6.2M | $7.5M | −$1.3M |
| Dec 2025 | $8.9M | $4.8M | $4.1M |
| Nov 2025 | $2.3M | $5.9M | −$3.6M |
| Oct 2025 | $4.1M | $7.5M | −$3.4M |
| Sep 2025 | $3.6M | $7.5M | −$3.9M |
| Aug 2025 | $3.0M | $6.0M | −$3.0M |
| Jul 2025 | $5.7M | $10.0M | −$4.3M |
| Jun 2025 | $5.0M | $9.4M | −$4.4M |
BACAX Assets Under Management
Net assets of BlackRock Energy Opportunities Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-29 | $350.20M |
| 2026-02-27 | $340.52M |
| 2025-11-28 | $270.89M |
| 2025-08-29 | $276.95M |
| 2025-05-30 | $265.05M |
| 2025-02-28 | $297.82M |
| 2024-11-29 | $324.86M |
| 2024-08-30 | $326.32M |
| 2024-05-31 | $343.05M |
| 2024-02-29 | $313.61M |
| 2023-11-30 | $320.71M |
| 2023-08-31 | $377.41M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.