BlackRock MuniAssets Fund (MUA)

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BlackRock MuniAssets Fund (MUA) is up 2.6% since the beginning of the year. MUA is currently trading at $11 per share. Investors who bought $1,000 worth of MUA shares 5 years ago would now be looking at an investment worth $860.

BlackRock MuniAssets Fund (MUA) has returned 2.58% so far this year and 11.13% over the past 12 months. Over the last ten years, MUA has returned 1.75% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Oct 27, 1994, MUA's average daily return is +0.02%, while the average monthly return is +0.48%. At this rate, an investment would double in approximately 12.1 years.

Historically, 60% of months were positive and 40% were negative. The best month was Jan 2009 with a return of +21.4%, while the worst month was Sep 2022 at -17.1%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 9 months.

On a daily basis, MUA closed higher 47% of trading days. The best single day was Mar 20, 2020 with a return of +10.1%, while the worst single day was Mar 18, 2020 at -14.9%.

BlackRock MuniAssets Fund has an annualized alpha of 4.40%, beta of 0.16, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since October 28, 1994.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (23.43%) than losses (14.67%) - typical of diversified or defensive assets.
• Beta of 0.16 may look defensive, but with R2 of 0.04 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.04 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

MUA has a high expense ratio of 1.96%, indicating above-average management fees.

MUA ranks 11 for risk / return — in the bottom 11% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for BlackRock MuniAssets Fund (MUA) and compare them to S&P 500 Index.

BlackRock MuniAssets Fund provided a 6.22% dividend yield over the last twelve months, with an annual payout of $0.67 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for BlackRock MuniAssets Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the BlackRock MuniAssets Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the BlackRock MuniAssets Fund was 43.03%, occurring on Oct 23, 2023. The portfolio has not yet recovered.

The current BlackRock MuniAssets Fund drawdown is 18.27%.

The chart below shows the rolling one-month volatility.