BATAX vs. BGSAX

Last updated Jun 20, 2026

BATAX (BlackRock Allocation Target Shares Series A Portfolio) and BGSAX (BlackRock Technology Opportunities Fund Investor A) are both mutual funds - BATAX is a Short-Term Bond fund managed by BlackRock, while BGSAX is a Technology Equities fund managed by BlackRock. Over the past 10 years, BATAX returned 3.59%/yr vs 25.97%/yr for BGSAX. At a 0.03 correlation, their price movements are largely independent. BATAX charges 0.00%/yr vs 1.20%/yr for BGSAX.

Performance

BATAX vs. BGSAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Allocation Target Shares Series A Portfolio (BATAX) and BlackRock Technology Opportunities Fund Investor A (BGSAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BATAX achieves a 1.87% return, which is significantly lower than BGSAX's 43.57% return. Over the past 10 years, BATAX has underperformed BGSAX with an annualized return of 3.59%, while BGSAX has yielded a comparatively higher 25.97% annualized return.

BATAX

• 1D: 0.00%
• 1M: 0.45%
• YTD: 1.87%
• 6M: 2.32%
• 1Y: 6.13%
• 3Y*: 6.70%
• 5Y*: 3.37%
• 10Y*: 3.59%

BGSAX

• 1D: 4.46%
• 1M: 9.19%
• YTD: 43.57%
• 6M: 44.34%
• 1Y: 67.10%
• 3Y*: 38.82%
• 5Y*: 16.37%
• 10Y*: 25.97%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BATAX vs. BGSAX - 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%
BGSAX BlackRock Technology Opportunities Fund Investor A	43.57%	19.63%	40.56%	49.09%	-43.13%	8.19%	86.27%	43.84%	2.03%	49.45%

Correlation

The correlation between BATAX and BGSAX is 0.03, 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	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (10Y) Calculated over the trailing 10-year period	0.04
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.03

Return for Risk

BATAX vs. BGSAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BATAX

BATAX Risk / Return Rank: 97
BATAX Sharpe Ratio Rank: 95
BATAX Sortino Ratio Rank: 99
BATAX Omega Ratio Rank: 98
BATAX Calmar Ratio Rank: 97
BATAX Martin Ratio Rank: 98

BGSAX

BGSAX Risk / Return Rank: 69
BGSAX Sharpe Ratio Rank: 80
BGSAX Sortino Ratio Rank: 62
BGSAX Omega Ratio Rank: 66
BGSAX Calmar Ratio Rank: 83
BGSAX Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BATAX vs. BGSAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Allocation Target Shares Series A Portfolio (BATAX) and BlackRock Technology Opportunities Fund Investor A (BGSAX). 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.

	BATAX	BGSAX	Difference
Sharpe ratio: Return per unit of total volatility	3.00	2.37	+0.64
Sortino ratio: Return per unit of downside risk	7.45	2.89	+4.56
Omega ratio: Gain probability vs. loss probability	2.12	1.40	+0.72
Calmar ratio: Return relative to maximum drawdown	6.57	3.57	+3.01
Martin ratio: Return relative to average drawdown	27.53	10.42	+17.11

BATAX vs. BGSAX - Sharpe Ratio Comparison

The current BATAX Sharpe Ratio is 3.00, which is comparable to the BGSAX Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of BATAX and BGSAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BATAX vs. BGSAX - Drawdown Comparison

The maximum BATAX drawdown since its inception was -17.42%, smaller than the maximum BGSAX drawdown of -73.75%. Use the drawdown chart below to compare losses from any high point for BATAX and BGSAX.

Drawdown Indicators

	BATAX	BGSAX	Difference
Max Drawdown Largest peak-to-trough decline	-17.42%	-73.75%	+56.33%
Max Drawdown (1Y) Largest decline over 1 year	-0.94%	-18.49%	+17.55%
Max Drawdown (3Y) Largest decline over 3 years	-1.15%	-27.75%	+26.60%
Max Drawdown (5Y) Largest decline over 5 years	-8.12%	-49.22%	+41.10%
Max Drawdown (10Y) Largest decline over 10 years	-17.42%	-49.22%	+31.80%
Current Drawdown Current decline from peak	-0.10%	-0.29%	+0.19%
Average Drawdown Average peak-to-trough decline	-1.30%	-26.33%	+25.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.22%	6.32%	-6.10%

Volatility

BATAX vs. BGSAX - Volatility Comparison

The current volatility for BlackRock Allocation Target Shares Series A Portfolio (BATAX) is 0.67%, while BlackRock Technology Opportunities Fund Investor A (BGSAX) has a volatility of 14.41%. This indicates that BATAX experiences smaller price fluctuations and is considered to be less risky than BGSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BATAX	BGSAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.67%	14.41%	-13.74%
Volatility (6M) Calculated over the trailing 6-month period	1.45%	23.82%	-22.37%
Volatility (1Y) Calculated over the trailing 1-year period	2.05%	27.87%	-25.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.18%	28.32%	-26.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.07%	26.19%	-23.12%

BATAX vs. BGSAX - Expense Ratio Comparison

BATAX has a 0.00% expense ratio, which is lower than BGSAX's 1.20% expense ratio.

Dividends

BATAX vs. BGSAX - Dividend Comparison

BATAX's dividend yield for the trailing twelve months is around 5.74%, less than BGSAX's 9.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
BGSAX BlackRock Technology Opportunities Fund Investor A	9.44%	13.55%	8.68%	0.00%	0.00%	7.66%	4.86%	1.50%	1.24%	8.01%	1.17%

Frequently Asked Questions

Can I hold both BATAX and BGSAX in my portfolio?

BATAX and BGSAX have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BATAX or BGSAX?

BGSAX has higher volatility (14.41%) compared to BATAX (0.67%). In terms of maximum drawdown, BATAX dropped -17.42% vs BGSAX's -73.75%.

Which has better risk-adjusted returns?

BATAX currently has the higher Sharpe Ratio (3.00 vs 2.37), 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.