BATAX vs. DFEQX

Last updated Jun 5, 2026

BATAX (BlackRock Allocation Target Shares Series A Portfolio) and DFEQX (DFA Short-Term Extended Quality Portfolio) are both Short-Term Bond funds. Over the past 10 years, BATAX returned 3.59%/yr vs 1.93%/yr for DFEQX. At a 0.44 correlation, their price movements are largely independent. BATAX charges 0.00%/yr vs 0.19%/yr for DFEQX.

Performance

BATAX vs. DFEQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Allocation Target Shares Series A Portfolio (BATAX) and DFA Short-Term Extended Quality Portfolio (DFEQX). 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 higher than DFEQX's 1.31% return. Over the past 10 years, BATAX has outperformed DFEQX with an annualized return of 3.59%, while DFEQX has yielded a comparatively lower 1.93% 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%

DFEQX

• 1D: -0.10%
• 1M: 0.33%
• YTD: 1.31%
• 6M: 1.53%
• 1Y: 3.70%
• 3Y*: 4.83%
• 5Y*: 2.01%
• 10Y*: 1.93%

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

BATAX vs. DFEQX - 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%
DFEQX DFA Short-Term Extended Quality Portfolio	1.31%	4.27%	5.50%	5.44%	-5.18%	-0.60%	2.24%	4.51%	1.34%	1.51%

Correlation

The correlation between BATAX and DFEQX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.44

The correlation between BATAX and DFEQX shifts across timeframes, from 0.29 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

BATAX vs. DFEQX — Risk / Return Rank

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

BATAX

BATAX Risk / Return Rank: 96
BATAX Sharpe Ratio Rank: 91
BATAX Sortino Ratio Rank: 99
BATAX Omega Ratio Rank: 98
BATAX Calmar Ratio Rank: 97
BATAX Martin Ratio Rank: 97

DFEQX

DFEQX Risk / Return Rank: 95
DFEQX Sharpe Ratio Rank: 96
DFEQX Sortino Ratio Rank: 97
DFEQX Omega Ratio Rank: 98
DFEQX Calmar Ratio Rank: 92
DFEQX Martin Ratio Rank: 94

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. DFEQX - 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-Term Extended Quality Portfolio (DFEQX). 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	DFEQX	Difference
Sharpe ratio: Return per unit of total volatility	3.06	3.50	-0.44
Sortino ratio: Return per unit of downside risk	7.71	5.55	+2.16
Omega ratio: Gain probability vs. loss probability	2.14	2.08	+0.05
Calmar ratio: Return relative to maximum drawdown	6.69	4.94	+1.75
Martin ratio: Return relative to average drawdown	27.98	20.65	+7.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BATAX vs. DFEQX - Sharpe Ratio Comparison

The current BATAX Sharpe Ratio is 3.06, which is comparable to the DFEQX Sharpe Ratio of 3.50. The chart below compares the historical Sharpe Ratios of BATAX and DFEQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BATAX	DFEQX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.06	3.50	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.56	0.97	+0.59
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.17	1.15	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	1.14	-0.03

Drawdowns

BATAX vs. DFEQX - Drawdown Comparison

The maximum BATAX drawdown since its inception was -17.42%, which is greater than DFEQX's maximum drawdown of -8.40%. Use the drawdown chart below to compare losses from any high point for BATAX and DFEQX.

Drawdown Indicators

	BATAX	DFEQX	Difference
Max Drawdown Largest peak-to-trough decline	-17.42%	-8.40%	-9.02%
Max Drawdown (1Y) Largest decline over 1 year	-0.94%	-0.76%	-0.18%
Max Drawdown (3Y) Largest decline over 3 years	-1.15%	-1.16%	+0.01%
Max Drawdown (5Y) Largest decline over 5 years	-8.12%	-8.40%	+0.28%
Max Drawdown (10Y) Largest decline over 10 years	-17.42%	-8.40%	-9.02%
Current Drawdown Current decline from peak	-0.10%	-0.10%	0.00%
Average Drawdown Average peak-to-trough decline	-1.30%	-0.95%	-0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.22%	0.18%	+0.04%

Volatility

BATAX vs. DFEQX - Volatility Comparison

BlackRock Allocation Target Shares Series A Portfolio (BATAX) has a higher volatility of 0.67% compared to DFA Short-Term Extended Quality Portfolio (DFEQX) at 0.45%. This indicates that BATAX's price experiences larger fluctuations and is considered to be riskier than DFEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BATAX	DFEQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.67%	0.45%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	1.43%	0.89%	+0.54%
Volatility (1Y) Calculated over the trailing 1-year period	2.04%	1.07%	+0.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.18%	2.08%	+0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.07%	1.69%	+1.38%

BATAX vs. DFEQX - Expense Ratio Comparison

BATAX has a 0.00% expense ratio, which is lower than DFEQX's 0.19% 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%.

Dividends

BATAX vs. DFEQX - Dividend Comparison

BATAX's dividend yield for the trailing twelve months is around 5.74%, more than DFEQX's 4.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
DFEQX DFA Short-Term Extended Quality Portfolio	4.13%	3.62%	4.40%	3.34%	1.78%	1.05%	0.47%	2.18%	3.14%	1.51%	1.59%	1.72%

Frequently Asked Questions

Can I hold both BATAX and DFEQX in my portfolio?

BATAX and DFEQX have a correlation of 0.29, 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 DFEQX?

BATAX has higher volatility (0.67%) compared to DFEQX (0.45%). In terms of maximum drawdown, BATAX dropped -17.42% vs DFEQX's -8.40%.

Which has better risk-adjusted returns?

DFEQX currently has the higher Sharpe Ratio (3.50 vs 3.06), 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.