BATEX vs. RTHAX
Compare and contrast key facts about BlackRock Allocation Target Shares Series E Portfolio (BATEX) and Russell Investments Tax-Exempt High Yield Bond Fund (RTHAX).
BATEX is managed by BlackRock. It was launched on Aug 3, 2014. RTHAX is managed by Russell. It was launched on May 31, 2015.
Performance
BATEX vs. RTHAX - Performance Comparison
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BATEX vs. RTHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BATEX BlackRock Allocation Target Shares Series E Portfolio | -0.39% | 3.22% | 4.74% | 6.45% | -14.23% | 8.28% | 5.77% | 10.92% | 1.75% | 8.76% |
RTHAX Russell Investments Tax-Exempt High Yield Bond Fund | -0.05% | 2.11% | 4.49% | 7.78% | -13.62% | 5.54% | 3.84% | 10.18% | 3.20% | 8.19% |
Returns By Period
In the year-to-date period, BATEX achieves a -0.39% return, which is significantly lower than RTHAX's -0.05% return. Both investments have delivered pretty close results over the past 10 years, with BATEX having a 2.99% annualized return and RTHAX not far behind at 2.87%.
BATEX
- 1D
- 0.51%
- 1M
- -2.17%
- YTD
- -0.39%
- 6M
- 0.76%
- 1Y
- 1.94%
- 3Y*
- 3.68%
- 5Y*
- 0.78%
- 10Y*
- 2.99%
RTHAX
- 1D
- 0.31%
- 1M
- -2.03%
- YTD
- -0.05%
- 6M
- 1.12%
- 1Y
- 1.77%
- 3Y*
- 3.74%
- 5Y*
- 0.58%
- 10Y*
- 2.87%
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BATEX vs. RTHAX - Expense Ratio Comparison
BATEX has a 0.11% expense ratio, which is lower than RTHAX's 0.89% expense ratio.
Return for Risk
BATEX vs. RTHAX — Risk / Return Rank
BATEX
RTHAX
BATEX vs. RTHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Allocation Target Shares Series E Portfolio (BATEX) and Russell Investments Tax-Exempt High Yield Bond Fund (RTHAX). 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 | RTHAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.29 | 0.31 | -0.01 |
Sortino ratioReturn per unit of downside risk | 0.44 | 0.45 | -0.01 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.11 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.43 | 0.37 | +0.06 |
Martin ratioReturn relative to average drawdown | 1.09 | 0.96 | +0.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BATEX | RTHAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.29 | 0.31 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.11 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.58 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.63 | -0.04 |
Correlation
The correlation between BATEX and RTHAX is 0.75, 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. RTHAX - Dividend Comparison
BATEX's dividend yield for the trailing twelve months is around 4.70%, more than RTHAX's 4.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BATEX BlackRock Allocation Target Shares Series E Portfolio | 4.70% | 5.01% | 3.74% | 2.98% | 5.41% | 3.29% | 3.50% | 3.80% | 4.75% | 2.88% | 0.98% | 0.13% |
RTHAX Russell Investments Tax-Exempt High Yield Bond Fund | 4.25% | 3.60% | 4.02% | 3.97% | 3.64% | 2.80% | 3.10% | 3.83% | 3.86% | 3.44% | 4.06% | 0.00% |
Drawdowns
BATEX vs. RTHAX - Drawdown Comparison
The maximum BATEX drawdown since its inception was -19.90%, which is greater than RTHAX's maximum drawdown of -18.89%. Use the drawdown chart below to compare losses from any high point for BATEX and RTHAX.
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Drawdown Indicators
| BATEX | RTHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.90% | -18.89% | -1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -7.14% | -6.55% | -0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -19.90% | -18.89% | -1.01% |
Max Drawdown (10Y)Largest decline over 10 years | -19.90% | -18.89% | -1.01% |
Current DrawdownCurrent decline from peak | -2.45% | -2.23% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -4.08% | -3.78% | -0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 2.49% | +0.31% |
Volatility
BATEX vs. RTHAX - Volatility Comparison
BlackRock Allocation Target Shares Series E Portfolio (BATEX) has a higher volatility of 1.45% compared to Russell Investments Tax-Exempt High Yield Bond Fund (RTHAX) at 1.21%. This indicates that BATEX's price experiences larger fluctuations and is considered to be riskier than RTHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BATEX | RTHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 1.21% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 1.64% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.69% | 6.87% | +0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.73% | 5.09% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.87% | 4.96% | +0.91% |