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BATEX vs. HIMFX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

BATEX vs. HIMFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Allocation Target Shares Series E Portfolio (BATEX) and American High-Income Municipal Bond Fund Class F-3 (HIMFX). The values are adjusted to include any dividend payments, if applicable.

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BATEX vs. HIMFX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
BATEX
BlackRock Allocation Target Shares Series E Portfolio
-0.89%3.22%4.74%6.45%-14.23%8.28%5.77%10.92%1.75%8.34%
HIMFX
American High-Income Municipal Bond Fund Class F-3
-0.45%4.69%6.23%7.89%-12.36%5.60%4.74%8.92%1.91%8.22%

Returns By Period

In the year-to-date period, BATEX achieves a -0.89% return, which is significantly lower than HIMFX's -0.45% return.


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%

HIMFX

1D
0.07%
1M
-2.70%
YTD
-0.45%
6M
1.33%
1Y
3.90%
3Y*
5.19%
5Y*
1.71%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

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BATEX vs. HIMFX - Expense Ratio Comparison

BATEX has a 0.11% expense ratio, which is lower than HIMFX's 0.31% expense ratio.


Return for Risk

BATEX vs. HIMFX — Risk / Return Rank

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

BATEX
BATEX Risk / Return Rank: 1313
Overall Rank
BATEX Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
BATEX Sortino Ratio Rank: 1111
Sortino Ratio Rank
BATEX Omega Ratio Rank: 1818
Omega Ratio Rank
BATEX Calmar Ratio Rank: 1414
Calmar Ratio Rank
BATEX Martin Ratio Rank: 1212
Martin Ratio Rank

HIMFX
HIMFX Risk / Return Rank: 3232
Overall Rank
HIMFX Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
HIMFX Sortino Ratio Rank: 2424
Sortino Ratio Rank
HIMFX Omega Ratio Rank: 5252
Omega Ratio Rank
HIMFX Calmar Ratio Rank: 3131
Calmar Ratio Rank
HIMFX Martin Ratio Rank: 2424
Martin Ratio Rank
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. HIMFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Allocation Target Shares Series E Portfolio (BATEX) and American High-Income Municipal Bond Fund Class F-3 (HIMFX). 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.


BATEXHIMFXDifference

Sharpe ratio

Return per unit of total volatility

0.33

0.72

-0.39

Sortino ratio

Return per unit of downside risk

0.49

0.97

-0.48

Omega ratio

Gain probability vs. loss probability

1.11

1.21

-0.11

Calmar ratio

Return relative to maximum drawdown

0.39

0.87

-0.49

Martin ratio

Return relative to average drawdown

0.98

2.64

-1.66

BATEX vs. HIMFX - Sharpe Ratio Comparison

The current BATEX Sharpe Ratio is 0.33, which is lower than the HIMFX Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of BATEX and HIMFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


BATEXHIMFXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.33

0.72

-0.39

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.13

0.36

-0.23

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

0.80

-0.22

Correlation

The correlation between BATEX and HIMFX is 0.82, 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. HIMFX - Dividend Comparison

BATEX's dividend yield for the trailing twelve months is around 4.73%, more than HIMFX's 4.00% yield.


TTM20252024202320222021202020192018201720162015
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%
HIMFX
American High-Income Municipal Bond Fund Class F-3
4.00%4.32%3.83%3.71%2.80%3.54%3.73%3.49%3.99%3.61%0.00%0.00%

Drawdowns

BATEX vs. HIMFX - Drawdown Comparison

The maximum BATEX drawdown since its inception was -19.90%, which is greater than HIMFX's maximum drawdown of -17.57%. Use the drawdown chart below to compare losses from any high point for BATEX and HIMFX.


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Drawdown Indicators


BATEXHIMFXDifference

Max Drawdown

Largest peak-to-trough decline

-19.90%

-17.57%

-2.33%

Max Drawdown (1Y)

Largest decline over 1 year

-7.14%

-5.60%

-1.54%

Max Drawdown (5Y)

Largest decline over 5 years

-19.90%

-17.57%

-2.33%

Max Drawdown (10Y)

Largest decline over 10 years

-19.90%

Current Drawdown

Current decline from peak

-2.94%

-2.70%

-0.24%

Average Drawdown

Average peak-to-trough decline

-4.08%

-3.21%

-0.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.80%

1.85%

+0.95%

Volatility

BATEX vs. HIMFX - Volatility Comparison

BlackRock Allocation Target Shares Series E Portfolio (BATEX) has a higher volatility of 1.31% compared to American High-Income Municipal Bond Fund Class F-3 (HIMFX) at 1.08%. This indicates that BATEX's price experiences larger fluctuations and is considered to be riskier than HIMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


BATEXHIMFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.31%

1.08%

+0.23%

Volatility (6M)

Calculated over the trailing 6-month period

2.29%

1.87%

+0.42%

Volatility (1Y)

Calculated over the trailing 1-year period

7.69%

6.36%

+1.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.73%

4.78%

+0.95%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.87%

4.62%

+1.25%