BATAX vs. ASFYX
BATAX (BlackRock Allocation Target Shares Series A Portfolio) and ASFYX (AlphaSimplex Managed Futures Strategy Fund Class Y) are both mutual funds - BATAX is a Short-Term Bond fund managed by BlackRock, while ASFYX is a Systematic Trend fund managed by BlackRock. Over the past 10 years, BATAX returned 3.59%/yr vs 2.97%/yr for ASFYX. At a correlation of -0.14, they often move in opposite directions. BATAX charges 0.00%/yr vs 1.47%/yr for ASFYX.
Performance
BATAX vs. ASFYX - Performance Comparison
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Returns By Period
In the year-to-date period, BATAX achieves a 1.87% return, which is significantly lower than ASFYX's 15.25% return. Over the past 10 years, BATAX has outperformed ASFYX with an annualized return of 3.59%, while ASFYX has yielded a comparatively lower 2.97% annualized return.
BATAX
- 1D
- 0.00%
- 1M
- 0.34%
- YTD
- 1.87%
- 6M
- 2.32%
- 1Y
- 6.13%
- 3Y*
- 6.70%
- 5Y*
- 3.39%
- 10Y*
- 3.59%
ASFYX
- 1D
- 0.00%
- 1M
- 1.36%
- YTD
- 15.25%
- 6M
- 17.47%
- 1Y
- 25.96%
- 3Y*
- -1.44%
- 5Y*
- 2.84%
- 10Y*
- 2.97%
BATAX vs. ASFYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BATAX BlackRock Allocation Target Shares Series A Portfolio | 1.87% | 7.37% | 7.34% | 6.43% | -5.87% | 1.72% | 2.75% | 6.76% | 2.20% | 5.21% |
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | 15.25% | -9.67% | -3.22% | -10.33% | 35.67% | 3.52% | 13.59% | 8.99% | -12.59% | 6.78% |
Correlation
The correlation between BATAX and ASFYX is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | -0.14 |
The correlation between BATAX and ASFYX shifts across timeframes, from -0.32 (5 years) to -0.04 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BATAX vs. ASFYX — Risk / Return Rank
BATAX
ASFYX
BATAX vs. ASFYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Allocation Target Shares Series A Portfolio (BATAX) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX). 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.
| BATAX | ASFYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +4.70 | ||
| Omega ratioGain probability vs. loss probability | 2.14 | 1.40 | +0.73 |
| Calmar ratioReturn relative to maximum drawdown | 6.69 | 5.08 | +1.61 |
| Martin ratioReturn relative to average drawdown | 27.98 | 18.34 | +9.64 |
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
| BATAX | ASFYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.06 | 2.27 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.56 | 0.21 | +1.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.17 | 0.23 | +0.94 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.35 | +0.76 |
Drawdowns
BATAX vs. ASFYX - Drawdown Comparison
The maximum BATAX drawdown since its inception was -17.42%, smaller than the maximum ASFYX drawdown of -36.43%. Use the drawdown chart below to compare losses from any high point for BATAX and ASFYX.
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Drawdown Indicators
| BATAX | ASFYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.42% | -36.43% | +19.01% |
Max Drawdown (1Y)Largest decline over 1 year | -0.94% | -5.24% | +4.30% |
Max Drawdown (3Y)Largest decline over 3 years | -1.15% | -30.32% | +29.17% |
Max Drawdown (5Y)Largest decline over 5 years | -8.12% | -36.43% | +28.31% |
Max Drawdown (10Y)Largest decline over 10 years | -17.42% | -36.43% | +19.01% |
Current DrawdownCurrent decline from peak | -0.10% | -18.22% | +18.12% |
Average DrawdownAverage peak-to-trough decline | -1.30% | -13.18% | +11.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 1.45% | -1.23% |
Volatility
BATAX vs. ASFYX - Volatility Comparison
The current volatility for BlackRock Allocation Target Shares Series A Portfolio (BATAX) is 0.67%, while AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) has a volatility of 3.66%. This indicates that BATAX experiences smaller price fluctuations and is considered to be less risky than ASFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BATAX | ASFYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 3.66% | -2.99% |
Volatility (6M)Calculated over the trailing 6-month period | 1.43% | 9.52% | -8.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.04% | 11.76% | -9.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.18% | 13.76% | -11.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.07% | 12.71% | -9.64% |
BATAX vs. ASFYX - Expense Ratio Comparison
BATAX has a 0.00% expense ratio, which is lower than ASFYX's 1.47% expense ratio.
Dividends
BATAX vs. ASFYX - Dividend Comparison
BATAX's dividend yield for the trailing twelve months is around 5.74%, more than ASFYX's 1.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | 1.32% | 1.52% | 1.46% | 0.99% | 32.48% | 6.07% | 3.40% | 5.51% | 1.30% | 0.07% | 0.01% | 5.06% |
BATAX BlackRock Allocation Target Shares Series A Portfolio | 5.74% | 5.92% | 5.45% | 3.91% | 3.14% | 1.82% | 3.22% | 4.73% | 5.36% | 4.10% | 0.40% | 0.00% |
Frequently Asked Questions
BATAX and ASFYX have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASFYX has higher volatility (3.66%) compared to BATAX (0.67%). In terms of maximum drawdown, BATAX dropped -17.42% vs ASFYX's -36.43%.
BATAX currently has the higher Sharpe Ratio (3.06 vs 2.27), 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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