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BATVX vs. OSTAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BATVX vs. OSTAX

Last updated Jun 6, 2026

BATVX (BlackRock Allocation Target Shares) and OSTAX (JPMorgan Short-Intermediate Municipal Bond Fund) are both Municipal Bonds funds. Over the past 5 years, BATVX returned 1.51%/yr vs 0.66%/yr for OSTAX. At a 0.06 correlation, their price movements are largely independent. BATVX charges 0.00%/yr vs 0.87%/yr for OSTAX.

Performance

BATVX vs. OSTAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Allocation Target Shares (BATVX) and JPMorgan Short-Intermediate Municipal Bond Fund (OSTAX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BATVX achieves a 0.97% return, which is significantly higher than OSTAX's 0.46% return.

BATVX

1D
0.00%
1M
0.20%
YTD
0.97%
6M
1.22%
1Y
2.58%
3Y*
2.47%
5Y*
1.51%
10Y*
—

OSTAX

1D
0.00%
1M
0.20%
YTD
0.46%
6M
0.77%
1Y
3.01%
3Y*
2.77%
5Y*
0.66%
10Y*
1.15%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BATVX vs. OSTAX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
BATVX
BlackRock Allocation Target Shares		0.97%2.80%2.48%1.41%-0.10%0.00%
OSTAX
JPMorgan Short-Intermediate Municipal Bond Fund		0.46%3.89%1.64%3.13%-5.27%-0.09%

Correlation

The correlation between BATVX and OSTAX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.14

Correlation (3Y)
Calculated over the trailing 3-year period

0.05

Correlation (5Y)
Calculated over the trailing 5-year period

0.06

Correlation (All Time)
Calculated using the full available price history since May 26, 2021

0.06

Compare stocks, funds, or ETFs

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BlackRock Allocation Target Shares

JPMorgan Short-Intermediate Municipal Bond Fund

Often compared with BATVX:
BATVX vs. CBTAXBATVX vs. COLTXBATVX vs. SEPAXBATVX vs. FOHFXBATVX vs. VPALXBATVX vs. NMTRXBATVX vs. PTEAX
Often compared with OSTAX:
OSTAX vs. SUBOSTAX vs. ShmOSTAX vs. SHMOSTAX vs. NRKOSTAX vs. DFABXOSTAX vs. JHEQXOSTAX vs. JLGMX

Return for Risk

BATVX vs. OSTAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BATVX
OSTAX
OSTAX Risk / Return Rank: 6565
Overall Rank
OSTAX Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
OSTAX Sortino Ratio Rank: 8484
Sortino Ratio Rank
OSTAX Omega Ratio Rank: 9797
Omega Ratio Rank
OSTAX Calmar Ratio Rank: 3535
Calmar Ratio Rank
OSTAX Martin Ratio Rank: 2525
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.

BATVX vs. OSTAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Allocation Target Shares (BATVX) and JPMorgan Short-Intermediate Municipal Bond Fund (OSTAX). 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.

BATVXOSTAXDifference
Sharpe ratioReturn per unit of total volatility
3.57
2.68

+0.89

Sortino ratioReturn per unit of downside risk

—

3.91

—

Omega ratioGain probability vs. loss probability

—

1.89

—

Calmar ratioReturn relative to maximum drawdown

—

2.14

—

Martin ratioReturn relative to average drawdown

—

5.73

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BATVX vs. OSTAX - Sharpe Ratio Comparison

The current BATVX Sharpe Ratio is 3.57, which is higher than the OSTAX Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of BATVX and OSTAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BATVXOSTAXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.57

2.68

+0.89

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

2.38

0.33

+2.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.49

—

Sharpe Ratio (All Time)

Calculated using the full available price history

2.38

1.16

+1.21

Drawdowns

BATVX vs. OSTAX - Drawdown Comparison

The maximum BATVX drawdown since its inception was -0.20%, smaller than the maximum OSTAX drawdown of -8.72%. Use the drawdown chart below to compare losses from any high point for BATVX and OSTAX.

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Drawdown Indicators

BATVXOSTAXDifference

Max Drawdown

Largest peak-to-trough decline

-0.20%

-8.72%

+8.52%

Max Drawdown (1Y)

Largest decline over 1 year

0.00%

-1.46%

+1.46%

Max Drawdown (3Y)

Largest decline over 3 years

-0.10%

-2.39%

+2.29%

Max Drawdown (5Y)

Largest decline over 5 years

-0.20%

-8.72%

+8.52%

Max Drawdown (10Y)

Largest decline over 10 years

—

-8.72%

—

Current Drawdown

Current decline from peak

0.00%

-0.73%

+0.73%

Average Drawdown

Average peak-to-trough decline

-0.03%

-0.86%

+0.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.00%

0.54%

-0.54%

Volatility

BATVX vs. OSTAX - Volatility Comparison

The current volatility for BlackRock Allocation Target Shares (BATVX) is 0.20%, while JPMorgan Short-Intermediate Municipal Bond Fund (OSTAX) has a volatility of 0.44%. This indicates that BATVX experiences smaller price fluctuations and is considered to be less risky than OSTAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BATVXOSTAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.20%

0.44%

-0.24%

Volatility (6M)

Calculated over the trailing 6-month period

0.49%

0.95%

-0.46%

Volatility (1Y)

Calculated over the trailing 1-year period

0.73%

1.17%

-0.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.64%

2.01%

-1.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.63%

2.34%

-1.71%

BATVX vs. OSTAX - Expense Ratio Comparison

BATVX has a 0.00% expense ratio, which is lower than OSTAX's 0.87% expense ratio.

Dividends

BATVX vs. OSTAX - Dividend Comparison

BATVX's dividend yield for the trailing twelve months is around 2.55%, more than OSTAX's 2.39% yield.

PositionTTM20252024202320222021202020192018201720162015
BATVX
BlackRock Allocation Target Shares		2.55%2.76%2.44%1.40%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
OSTAX
JPMorgan Short-Intermediate Municipal Bond Fund		2.39%2.62%2.52%1.88%1.33%1.03%1.20%1.56%1.56%1.03%1.45%0.68%

Frequently Asked Questions

BATVX and OSTAX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

OSTAX has higher volatility (0.44%) compared to BATVX (0.20%). In terms of maximum drawdown, BATVX dropped -0.20% vs OSTAX's -8.72%.

BATVX currently has the higher Sharpe Ratio (3.57 vs 2.68), 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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