BATAX vs. GPARX
BATAX (BlackRock Allocation Target Shares Series A Portfolio) and GPARX (GuidePath Absolute Return Allocation Fund) are both Short-Term Bond funds. Over the past 10 years, BATAX returned 3.48%/yr vs 3.20%/yr for GPARX. Their 0.40 correlation means their historical movements had little consistent relationship. BATAX charges 0.00%/yr vs 0.99%/yr for GPARX.
Performance
BATAX vs. GPARX - Performance Comparison
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Returns By Period
In the year-to-date period, BATAX achieves a 2.11% return, which is significantly lower than GPARX's 8.09% return. Over the past 10 years, BATAX has outperformed GPARX with an annualized return of 3.48%, while GPARX has yielded a comparatively lower 3.20% annualized return.
BATAX
- 1D
- 0.00%
- 1M
- -0.21%
- 6M
- 1.53%
- YTD
- 2.11%
- 1Y
- 4.89%
- 3Y*
- 6.35%
- 5Y*
- 3.27%
- 10Y*
- 3.48%
- ALL TIME*
- 3.35%
GPARX
- 1D
- 0.00%
- 1M
- 1.96%
- 6M
- 5.68%
- YTD
- 8.09%
- 1Y
- 11.66%
- 3Y*
- 7.93%
- 5Y*
- 2.83%
- 10Y*
- 3.20%
- ALL TIME*
- 2.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BATAX vs. GPARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BATAX BlackRock Allocation Target Shares Series A Portfolio | 2.11% | 7.37% | 7.34% | 6.43% | -5.87% | 1.72% | 2.75% | 6.76% | 2.20% | 5.21% |
GPARX GuidePath Absolute Return Allocation Fund | 8.09% | 7.42% | 4.20% | 6.87% | -10.82% | 0.75% | 3.92% | 7.47% | -1.64% | 4.50% |
Correlation
The correlation between BATAX and GPARX is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.40 |
Over the past year, the correlation between BATAX and GPARX has dropped to 0.06 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
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Return for Risk
BATAX vs. GPARX — Risk / Return Rank
BATAX
GPARX
BATAX vs. GPARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Allocation Target Shares Series A Portfolio (BATAX) and GuidePath Absolute Return Allocation Fund (GPARX). 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 | GPARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +4.30 | ||
| Omega ratioGain probability vs. loss probability | 2.00 | 1.33 | +0.66 |
| Calmar ratioReturn relative to maximum drawdown | 5.60 | 2.62 | +2.97 |
| Martin ratioReturn relative to average drawdown | 23.62 | 7.93 | +15.69 |
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Drawdowns
BATAX vs. GPARX - Drawdown Comparison
The maximum BATAX drawdown since its inception was -17.42%, which is greater than GPARX's maximum drawdown of -15.56%. Use the drawdown chart below to compare losses from any high point for BATAX and GPARX.
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Drawdown Indicators
| BATAX | GPARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.42% | -15.56% | -1.86% |
Max Drawdown (1Y)Largest decline over 1 year | -0.94% | -4.68% | +3.74% |
Max Drawdown (3Y)Largest decline over 3 years | -1.15% | -4.68% | +3.53% |
Max Drawdown (5Y)Largest decline over 5 years | -8.12% | -15.56% | +7.44% |
Max Drawdown (10Y)Largest decline over 10 years | -17.42% | -15.56% | -1.86% |
Current DrawdownCurrent decline from peak | -0.21% | -2.34% | +2.13% |
Average DrawdownAverage peak-to-trough decline | -1.28% | -2.38% | +1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 1.55% | -1.33% |
Volatility
BATAX vs. GPARX - Volatility Comparison
The current volatility for BlackRock Allocation Target Shares Series A Portfolio (BATAX) is 0.30%, while GuidePath Absolute Return Allocation Fund (GPARX) has a volatility of 2.26%. This indicates that BATAX experiences smaller price fluctuations and is considered to be less risky than GPARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BATAX | GPARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.30% | 2.26% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 1.45% | 6.45% | -5.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.98% | 7.48% | -5.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.17% | 5.27% | -3.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.06% | 4.35% | -1.29% |
BATAX vs. GPARX - Expense Ratio Comparison
BATAX has a 0.00% expense ratio, which is lower than GPARX's 0.99% expense ratio.
Dividends
BATAX vs. GPARX - Dividend Comparison
BATAX's dividend yield for the trailing twelve months is around 5.21%, more than GPARX's 3.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BATAX BlackRock Allocation Target Shares Series A Portfolio | 5.21% | 5.92% | 5.45% | 3.91% | 3.14% | 1.82% | 3.22% | 4.73% | 5.36% | 4.10% | 0.40% | 0.00% |
GPARX GuidePath Absolute Return Allocation Fund | 3.06% | 3.31% | 4.99% | 4.81% | 2.42% | 1.99% | 2.45% | 2.76% | 2.27% | 1.60% | 3.17% | 2.15% |
Frequently Asked Questions
BATAX and GPARX have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GPARX has higher volatility (2.26%) compared to BATAX (0.30%). In terms of maximum drawdown, BATAX dropped -17.42% vs GPARX's -15.56%.
BATAX currently has the higher Sharpe Ratio (2.73 vs 1.64), 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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