ABTYX vs. BATEX
ABTYX (AB High Income Municipal Portfolio) and BATEX (BlackRock Allocation Target Shares Series E Portfolio) are both High Yield Muni funds. Over the past 10 years, ABTYX returned 2.77%/yr vs 2.96%/yr for BATEX. A 0.80 correlation means they provide meaningful diversification when combined. ABTYX charges 0.53%/yr vs 0.11%/yr for BATEX.
Performance
ABTYX vs. BATEX - Performance Comparison
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Returns By Period
In the year-to-date period, ABTYX achieves a 2.42% return, which is significantly lower than BATEX's 3.24% return. Over the past 10 years, ABTYX has underperformed BATEX with an annualized return of 2.77%, while BATEX has yielded a comparatively higher 2.96% annualized return.
ABTYX
- 1D
- -0.10%
- 1M
- 2.24%
- YTD
- 2.42%
- 6M
- 3.02%
- 1Y
- 8.57%
- 3Y*
- 5.23%
- 5Y*
- 0.63%
- 10Y*
- 2.77%
BATEX
- 1D
- 0.10%
- 1M
- 2.55%
- YTD
- 3.24%
- 6M
- 3.78%
- 1Y
- 7.83%
- 3Y*
- 4.79%
- 5Y*
- 0.78%
- 10Y*
- 2.96%
ABTYX vs. BATEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ABTYX AB High Income Municipal Portfolio | 2.42% | 5.88% | 4.64% | 5.49% | -15.49% | 5.73% | 5.08% | 11.31% | 1.02% | 10.22% |
BATEX BlackRock Allocation Target Shares Series E Portfolio | 3.24% | 3.22% | 4.74% | 6.45% | -14.23% | 8.28% | 5.77% | 10.92% | 1.75% | 8.76% |
Correlation
The correlation between ABTYX and BATEX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2014 | 0.80 |
The correlation between ABTYX and BATEX has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.
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Return for Risk
ABTYX vs. BATEX — Risk / Return Rank
ABTYX
BATEX
ABTYX vs. BATEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB High Income Municipal Portfolio (ABTYX) and BlackRock Allocation Target Shares Series E Portfolio (BATEX). 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.
| ABTYX | BATEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.48 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 2.57 | -0.29 |
| Martin ratioReturn relative to average drawdown | 7.67 | 7.69 | -0.02 |
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Drawdowns
ABTYX vs. BATEX - Drawdown Comparison
The maximum ABTYX drawdown since its inception was -21.44%, which is greater than BATEX's maximum drawdown of -19.90%. Use the drawdown chart below to compare losses from any high point for ABTYX and BATEX.
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Drawdown Indicators
| ABTYX | BATEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.44% | -19.90% | -1.54% |
Max Drawdown (1Y)Largest decline over 1 year | -3.82% | -3.14% | -0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -9.37% | -8.30% | -1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -21.44% | -19.90% | -1.54% |
Max Drawdown (10Y)Largest decline over 10 years | -21.44% | -19.90% | -1.54% |
Current DrawdownCurrent decline from peak | -0.23% | 0.00% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -3.95% | -4.01% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 1.05% | +0.08% |
Volatility
ABTYX vs. BATEX - Volatility Comparison
AB High Income Municipal Portfolio (ABTYX) and BlackRock Allocation Target Shares Series E Portfolio (BATEX) have volatilities of 1.01% and 1.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ABTYX | BATEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.01% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 2.74% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 3.89% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.07% | 5.78% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.63% | 5.90% | -0.27% |
ABTYX vs. BATEX - Expense Ratio Comparison
ABTYX has a 0.53% expense ratio, which is higher than BATEX's 0.11% expense ratio.
Dividends
ABTYX vs. BATEX - Dividend Comparison
ABTYX's dividend yield for the trailing twelve months is around 4.60%, less than BATEX's 5.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABTYX AB High Income Municipal Portfolio | 4.60% | 5.93% | 4.15% | 3.10% | 3.91% | 2.59% | 3.70% | 4.27% | 4.60% | 4.20% | 4.48% | 4.69% |
BATEX BlackRock Allocation Target Shares Series E Portfolio | 5.05% | 5.01% | 3.74% | 2.98% | 5.41% | 3.29% | 3.50% | 3.80% | 4.75% | 2.88% | 0.98% | 0.13% |
Frequently Asked Questions
ABTYX and BATEX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BATEX has higher volatility (1.01%) compared to ABTYX (1.01%). In terms of maximum drawdown, ABTYX dropped -21.44% vs BATEX's -19.90%.
ABTYX currently has the higher Sharpe Ratio (2.25 vs 2.08), 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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