BATEX vs. HIMYX
BATEX (BlackRock Allocation Target Shares Series E Portfolio) and HIMYX (Pioneer High Income Municipal Fund) are both High Yield Muni funds. Over the past 10 years, BATEX returned 2.87%/yr vs 1.88%/yr for HIMYX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. BATEX charges 0.11%/yr vs 0.55%/yr for HIMYX.
Performance
BATEX vs. HIMYX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BATEX achieves a 2.03% return, which is significantly higher than HIMYX's -0.40% return. Over the past 10 years, BATEX has outperformed HIMYX with an annualized return of 2.87%, while HIMYX has yielded a comparatively lower 1.88% annualized return.
BATEX
- 1D
- -0.40%
- 1M
- -2.25%
- 6M
- 1.20%
- YTD
- 2.03%
- 1Y
- 7.43%
- 3Y*
- 4.61%
- 5Y*
- 0.14%
- 10Y*
- 2.87%
- ALL TIME*
- 3.35%
HIMYX
- 1D
- -0.37%
- 1M
- -2.52%
- 6M
- -1.44%
- YTD
- -0.40%
- 1Y
- 1.46%
- 3Y*
- 1.87%
- 5Y*
- -1.22%
- 10Y*
- 1.88%
- ALL TIME*
- 2.64%
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 |
BATEX vs. HIMYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BATEX BlackRock Allocation Target Shares Series E Portfolio | 2.03% | 3.22% | 4.74% | 6.45% | -14.23% | 8.28% | 5.77% | 10.92% | 1.75% | 8.76% |
HIMYX Pioneer High Income Municipal Fund | -0.40% | -1.50% | 6.07% | 3.64% | -13.08% | 6.69% | 1.85% | 9.56% | 4.15% | 8.33% |
Correlation
The correlation between BATEX and HIMYX is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2014 | 0.71 |
The correlation between BATEX and HIMYX has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BATEX vs. HIMYX — Risk / Return Rank
BATEX
HIMYX
BATEX vs. HIMYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Allocation Target Shares Series E Portfolio (BATEX) and Pioneer High Income Municipal Fund (HIMYX). 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.
| BATEX | HIMYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.12 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 0.63 | +2.15 |
| Martin ratioReturn relative to average drawdown | 10.25 | 1.72 | +8.52 |
Loading charts...
Drawdowns
BATEX vs. HIMYX - Drawdown Comparison
The maximum BATEX drawdown since its inception was -19.90%, smaller than the maximum HIMYX drawdown of -35.00%. Use the drawdown chart below to compare losses from any high point for BATEX and HIMYX.
Loading charts...
Drawdown Indicators
| BATEX | HIMYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.90% | -35.00% | +15.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -4.22% | +1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -7.23% | -6.99% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -19.90% | -19.32% | -0.58% |
Max Drawdown (10Y)Largest decline over 10 years | -19.90% | -19.32% | -0.58% |
Current DrawdownCurrent decline from peak | -2.25% | -6.26% | +4.01% |
Average DrawdownAverage peak-to-trough decline | -3.98% | -5.64% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.55% | -0.70% |
Volatility
BATEX vs. HIMYX - Volatility Comparison
The current volatility for BlackRock Allocation Target Shares Series E Portfolio (BATEX) is 1.08%, while Pioneer High Income Municipal Fund (HIMYX) has a volatility of 1.36%. This indicates that BATEX experiences smaller price fluctuations and is considered to be less risky than HIMYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BATEX | HIMYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.36% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 3.31% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 5.51% | -1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.80% | 5.71% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.90% | 5.09% | +0.81% |
BATEX vs. HIMYX - Expense Ratio Comparison
BATEX has a 0.11% expense ratio, which is lower than HIMYX's 0.55% expense ratio.
Dividends
BATEX vs. HIMYX - Dividend Comparison
BATEX's dividend yield for the trailing twelve months is around 4.64%, less than HIMYX's 8.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BATEX BlackRock Allocation Target Shares Series E Portfolio | 4.64% | 5.01% | 3.74% | 2.98% | 5.41% | 3.29% | 3.50% | 3.80% | 4.75% | 2.88% | 0.98% | 0.13% |
HIMYX Pioneer High Income Municipal Fund | 8.37% | 8.63% | 5.32% | 4.97% | 3.88% | 3.71% | 3.96% | 5.35% | 5.20% | 5.00% | 5.66% | 5.65% |
Frequently Asked Questions
BATEX and HIMYX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIMYX has higher volatility (1.36%) compared to BATEX (1.08%). In terms of maximum drawdown, BATEX dropped -19.90% vs HIMYX's -35.00%.
BATEX currently has the higher Sharpe Ratio (2.31 vs 0.49), 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.
Find the right allocation for BATEX and HIMYX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer