BMN vs. SFLTX

Last updated Jul 16, 2026

BMN (Blackrock 2037 Municipal Target Term Trust) and SFLTX (Virtus Seix High Grade Municipal Bond Fund) are both Municipal Bonds funds. At a 0.20 correlation, their price movements are largely independent. BMN charges 0.93%/yr vs 0.74%/yr for SFLTX.

Performance

BMN vs. SFLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackrock 2037 Municipal Target Term Trust (BMN) and Virtus Seix High Grade Municipal Bond Fund (SFLTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BMN

• 1D: 0.12%
• 1M: -0.60%
• 6M: 0.73%
• YTD: 0.12%
• 1Y: 8.04%
• 3Y*: 5.71%
• 5Y*: —
• 10Y*: —

SFLTX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BMN vs. SFLTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BMN Blackrock 2037 Municipal Target Term Trust	0.12%	7.05%	12.65%	1.89%	-2.86%
SFLTX Virtus Seix High Grade Municipal Bond Fund	1.19%	3.51%	-0.51%	6.29%	4.58%

Correlation

The correlation between BMN and SFLTX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (All Time) Calculated using the full available price history since Oct 27, 2022	0.20

Return for Risk

BMN vs. SFLTX — Risk / Return Rank

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

BMN

BMN Risk / Return Rank: 12
BMN Sharpe Ratio Rank: 11
BMN Sortino Ratio Rank: 11
BMN Omega Ratio Rank: 11
BMN Calmar Ratio Rank: 15
BMN Martin Ratio Rank: 13

SFLTX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

BMN vs. SFLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackrock 2037 Municipal Target Term Trust (BMN) and Virtus Seix High Grade Municipal Bond Fund (SFLTX). 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.

	BMN	SFLTX	Difference
Sharpe ratio: Return per unit of total volatility	0.61	—	—
Sortino ratio: Return per unit of downside risk	0.96	—	—
Omega ratio: Gain probability vs. loss probability	1.12	—	—
Calmar ratio: Return relative to maximum drawdown	0.99	—	—
Martin ratio: Return relative to average drawdown	2.48	—	—

Drawdowns

Drawdown Indicators

	BMN	SFLTX	Difference
Max Drawdown Largest peak-to-trough decline	-13.04%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.18%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.41%	—	—
Current Drawdown Current decline from peak	-5.47%	—	—
Average Drawdown Average peak-to-trough decline	-2.41%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	—	—

Volatility

Volatility by Period

	BMN	SFLTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.28%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.90%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.90%	—	—

BMN vs. SFLTX - Expense Ratio Comparison

BMN has a 0.93% expense ratio, which is higher than SFLTX's 0.74% expense ratio.

Dividends

BMN vs. SFLTX - Dividend Comparison

BMN's dividend yield for the trailing twelve months is around 4.40%, more than SFLTX's 3.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BMN Blackrock 2037 Municipal Target Term Trust	4.40%	4.30%	4.40%	4.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SFLTX Virtus Seix High Grade Municipal Bond Fund	3.00%	2.94%	2.28%	2.34%	2.05%	2.02%	3.45%	3.66%	2.93%	2.43%	5.99%	3.10%

Frequently Asked Questions

Can I hold both BMN and SFLTX in my portfolio?

BMN and SFLTX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.