ABTYX vs. BATEX
Compare and contrast key facts about AB High Income Municipal Portfolio (ABTYX) and BlackRock Allocation Target Shares Series E Portfolio (BATEX).
ABTYX is managed by AllianceBernstein. It was launched on Jan 25, 2010. BATEX is managed by BlackRock. It was launched on Aug 3, 2014.
Performance
ABTYX vs. BATEX - Performance Comparison
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ABTYX vs. BATEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ABTYX AB High Income Municipal Portfolio | -0.97% | 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 | -0.89% | 3.22% | 4.74% | 6.45% | -14.23% | 8.28% | 5.77% | 10.92% | 1.75% | 8.76% |
Returns By Period
In the year-to-date period, ABTYX achieves a -0.97% return, which is significantly lower than BATEX's -0.89% return. Both investments have delivered pretty close results over the past 10 years, with ABTYX having a 2.80% annualized return and BATEX not far ahead at 2.94%.
ABTYX
- 1D
- 0.30%
- 1M
- -3.53%
- YTD
- -0.97%
- 6M
- 0.77%
- 1Y
- 3.26%
- 3Y*
- 4.04%
- 5Y*
- 0.55%
- 10Y*
- 2.80%
BATEX
- 1D
- 0.20%
- 1M
- -2.94%
- YTD
- -0.89%
- 6M
- 0.45%
- 1Y
- 1.72%
- 3Y*
- 3.51%
- 5Y*
- 0.72%
- 10Y*
- 2.94%
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ABTYX vs. BATEX - Expense Ratio Comparison
ABTYX has a 0.53% expense ratio, which is higher than BATEX's 0.11% expense ratio.
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.
| ABTYX | BATEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 0.33 | +0.29 |
Sortino ratioReturn per unit of downside risk | 0.87 | 0.49 | +0.38 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.11 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.72 | 0.39 | +0.34 |
Martin ratioReturn relative to average drawdown | 2.02 | 0.98 | +1.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ABTYX | BATEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 0.33 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.13 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.50 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.58 | +0.36 |
Correlation
The correlation between ABTYX and BATEX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ABTYX vs. BATEX - Dividend Comparison
ABTYX's dividend yield for the trailing twelve months is around 4.68%, less than BATEX's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABTYX AB High Income Municipal Portfolio | 4.68% | 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 | 4.73% | 5.01% | 3.74% | 2.98% | 5.41% | 3.29% | 3.50% | 3.80% | 4.75% | 2.88% | 0.98% | 0.13% |
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 | -6.90% | -7.14% | +0.24% |
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 | -3.53% | -2.94% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -4.08% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 2.80% | -0.33% |
Volatility
ABTYX vs. BATEX - Volatility Comparison
AB High Income Municipal Portfolio (ABTYX) has a higher volatility of 1.51% compared to BlackRock Allocation Target Shares Series E Portfolio (BATEX) at 1.31%. This indicates that ABTYX's price experiences larger fluctuations and is considered to be riskier than BATEX based on this measure. 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 | 1.51% | 1.31% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 2.29% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.20% | 7.69% | -0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.01% | 5.73% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.60% | 5.87% | -0.27% |