BATAX vs. DFAIX
Compare and contrast key facts about BlackRock Allocation Target Shares Series A Portfolio (BATAX) and DFA Short-Duration Real Return Portfolio (DFAIX).
BATAX is managed by BlackRock. It was launched on Sep 21, 2015. DFAIX is managed by Dimensional. It was launched on Nov 5, 2013.
Performance
BATAX vs. DFAIX - Performance Comparison
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BATAX vs. DFAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BATAX BlackRock Allocation Target Shares Series A Portfolio | 0.59% | 7.37% | 7.34% | 6.43% | -5.87% | 1.72% | 2.75% | 6.76% | 2.20% | 5.21% |
DFAIX DFA Short-Duration Real Return Portfolio | 0.86% | 4.86% | 6.38% | 5.64% | -2.77% | 5.40% | 2.75% | 5.63% | 0.11% | 1.71% |
Returns By Period
In the year-to-date period, BATAX achieves a 0.59% return, which is significantly lower than DFAIX's 0.86% return. Over the past 10 years, BATAX has outperformed DFAIX with an annualized return of 3.68%, while DFAIX has yielded a comparatively lower 3.20% annualized return.
BATAX
- 1D
- 0.10%
- 1M
- -0.52%
- YTD
- 0.59%
- 6M
- 1.98%
- 1Y
- 5.86%
- 3Y*
- 6.46%
- 5Y*
- 3.34%
- 10Y*
- 3.68%
DFAIX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.86%
- 6M
- 1.22%
- 1Y
- 3.68%
- 3Y*
- 5.27%
- 5Y*
- 3.80%
- 10Y*
- 3.20%
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BATAX vs. DFAIX - Expense Ratio Comparison
BATAX has a 0.00% expense ratio, which is lower than DFAIX's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
BATAX vs. DFAIX — Risk / Return Rank
BATAX
DFAIX
BATAX vs. DFAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Allocation Target Shares Series A Portfolio (BATAX) and DFA Short-Duration Real Return Portfolio (DFAIX). 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 | DFAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.86 | 3.49 | -0.63 |
Sortino ratioReturn per unit of downside risk | 6.36 | 5.81 | +0.55 |
Omega ratioGain probability vs. loss probability | 1.98 | 2.05 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 5.55 | 8.23 | -2.68 |
Martin ratioReturn relative to average drawdown | 21.28 | 32.03 | -10.75 |
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 | DFAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.86 | 3.49 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.57 | 1.20 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.21 | 1.26 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 1.08 | -0.01 |
Correlation
The correlation between BATAX and DFAIX is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BATAX vs. DFAIX - Dividend Comparison
BATAX's dividend yield for the trailing twelve months is around 5.38%, more than DFAIX's 4.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BATAX BlackRock Allocation Target Shares Series A Portfolio | 5.38% | 5.92% | 5.45% | 3.91% | 3.14% | 1.82% | 3.22% | 4.73% | 5.36% | 4.10% | 0.40% | 0.00% |
DFAIX DFA Short-Duration Real Return Portfolio | 4.61% | 4.65% | 4.14% | 3.66% | 1.68% | 0.98% | 0.82% | 2.53% | 2.72% | 1.71% | 1.41% | 1.29% |
Drawdowns
BATAX vs. DFAIX - Drawdown Comparison
The maximum BATAX drawdown since its inception was -17.42%, which is greater than DFAIX's maximum drawdown of -5.63%. Use the drawdown chart below to compare losses from any high point for BATAX and DFAIX.
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Drawdown Indicators
| BATAX | DFAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.42% | -5.63% | -11.79% |
Max Drawdown (1Y)Largest decline over 1 year | -1.15% | -0.47% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -8.12% | -5.46% | -2.66% |
Max Drawdown (10Y)Largest decline over 10 years | -17.42% | -5.63% | -11.79% |
Current DrawdownCurrent decline from peak | -0.73% | -0.28% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -1.32% | -0.95% | -0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 0.12% | +0.18% |
Volatility
BATAX vs. DFAIX - Volatility Comparison
The current volatility for BlackRock Allocation Target Shares Series A Portfolio (BATAX) is 0.43%, while DFA Short-Duration Real Return Portfolio (DFAIX) has a volatility of 0.49%. This indicates that BATAX experiences smaller price fluctuations and is considered to be less risky than DFAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BATAX | DFAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 0.49% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.36% | 0.75% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.12% | 1.07% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.14% | 3.18% | -1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.07% | 2.56% | +0.51% |