BATEX vs. EWHYX

Last updated Apr 1, 2026

Compare and contrast key facts about BlackRock Allocation Target Shares Series E Portfolio (BATEX) and Eaton Vance High Yield Municipal Income Fund Class W (EWHYX).

BATEX is managed by BlackRock. It was launched on Aug 3, 2014. EWHYX is an actively managed fund by Eaton Vance. It was launched on May 9, 2007.

Performance

BATEX vs. EWHYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Allocation Target Shares Series E Portfolio (BATEX) and Eaton Vance High Yield Municipal Income Fund Class W (EWHYX). The values are adjusted to include any dividend payments, if applicable.

BATEX vs. EWHYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BATEX BlackRock Allocation Target Shares Series E Portfolio	-0.89%	3.22%	4.74%	6.45%	-14.23%	0.97%
EWHYX Eaton Vance High Yield Municipal Income Fund Class W	-0.00%	3.59%	5.42%	7.74%	-11.72%	0.21%

Returns By Period

BATEX

• 1D: 0.20%
• 1M: -2.94%
• YTD: -0.89%
• 6M: 0.45%
• 1Y: 1.72%
• 3Y*: 3.51%
• 5Y*: 0.72%
• 10Y*: 2.94%

EWHYX

• 1D: 0.25%
• 1M: -2.80%
• YTD: -0.00%
• 6M: 1.92%
• 1Y: 3.60%
• 3Y*: 4.75%
• 5Y*: —
• 10Y*: —

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

BATEX vs. EWHYX - Expense Ratio Comparison

BATEX has a 0.11% expense ratio, which is lower than EWHYX's 0.18% 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%.

EWHYX

Eaton Vance High Yield Municipal Income Fund Class W

BATEX

BlackRock Allocation Target Shares Series E Portfolio

Return for Risk

BATEX vs. EWHYX — Risk / Return Rank

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

BATEX

BATEX Risk / Return Rank: 13
BATEX Sharpe Ratio Rank: 13
BATEX Sortino Ratio Rank: 11
BATEX Omega Ratio Rank: 18
BATEX Calmar Ratio Rank: 14
BATEX Martin Ratio Rank: 12

EWHYX

EWHYX Risk / Return Rank: 24
EWHYX Sharpe Ratio Rank: 25
EWHYX Sortino Ratio Rank: 21
EWHYX Omega Ratio Rank: 35
EWHYX Calmar Ratio Rank: 23
EWHYX Martin Ratio Rank: 17

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.

BATEX vs. EWHYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Allocation Target Shares Series E Portfolio (BATEX) and Eaton Vance High Yield Municipal Income Fund Class W (EWHYX). 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.

	BATEX	EWHYX	Difference
Sharpe ratio Return per unit of total volatility	0.33	0.65	-0.32
Sortino ratio Return per unit of downside risk	0.49	0.90	-0.41
Omega ratio Gain probability vs. loss probability	1.11	1.17	-0.07
Calmar ratio Return relative to maximum drawdown	0.39	0.71	-0.32
Martin ratio Return relative to average drawdown	0.98	1.85	-0.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BATEX vs. EWHYX - Sharpe Ratio Comparison

The current BATEX Sharpe Ratio is 0.33, which is lower than the EWHYX Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of BATEX and EWHYX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BATEX	EWHYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.33	0.65	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.18	+0.40

Correlation

The correlation between BATEX and EWHYX is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

BATEX vs. EWHYX - Dividend Comparison

BATEX's dividend yield for the trailing twelve months is around 4.73%, which matches EWHYX's 4.75% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BATEX BlackRock Allocation Target Shares Series E Portfolio	4.73%	5.01%	3.74%	2.98%	5.41%	3.29%	3.50%	3.80%	4.75%	2.88%	0.98%	0.13%
EWHYX Eaton Vance High Yield Municipal Income Fund Class W	4.75%	5.06%	4.92%	3.97%	4.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

BATEX vs. EWHYX - Drawdown Comparison

The maximum BATEX drawdown since its inception was -19.90%, which is greater than EWHYX's maximum drawdown of -16.52%. Use the drawdown chart below to compare losses from any high point for BATEX and EWHYX.

Drawdown Indicators

	BATEX	EWHYX	Difference
Max Drawdown Largest peak-to-trough decline	-19.90%	-16.52%	-3.38%
Max Drawdown (1Y) Largest decline over 1 year	-7.14%	-6.59%	-0.55%
Max Drawdown (5Y) Largest decline over 5 years	-19.90%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-19.90%	—	—
Current Drawdown Current decline from peak	-2.94%	-2.80%	-0.14%
Average Drawdown Average peak-to-trough decline	-4.08%	-5.55%	+1.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	2.52%	+0.28%

Volatility

BATEX vs. EWHYX - Volatility Comparison

BlackRock Allocation Target Shares Series E Portfolio (BATEX) has a higher volatility of 1.31% compared to Eaton Vance High Yield Municipal Income Fund Class W (EWHYX) at 1.13%. This indicates that BATEX's price experiences larger fluctuations and is considered to be riskier than EWHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BATEX	EWHYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.31%	1.13%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	2.29%	2.14%	+0.15%
Volatility (1Y) Calculated over the trailing 1-year period	7.69%	6.63%	+1.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.73%	5.27%	+0.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.87%	5.27%	+0.60%