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COLTX vs. BATVX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

COLTX vs. BATVX

Last updated Jun 4, 2026

COLTX (Columbia Tax-Exempt Fund) and BATVX (BlackRock Allocation Target Shares) are both Municipal Bonds funds. Over the past 5 years, COLTX returned 0.67%/yr vs 1.51%/yr for BATVX. At a 0.18 correlation, their price movements are largely independent. COLTX charges 0.73%/yr vs 0.00%/yr for BATVX.

Performance

COLTX vs. BATVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Tax-Exempt Fund (COLTX) and BlackRock Allocation Target Shares (BATVX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, COLTX achieves a 2.32% return, which is significantly higher than BATVX's 0.97% return.

COLTX

1D
0.25%
1M
1.04%
YTD
2.32%
6M
2.72%
1Y
8.67%
3Y*
4.48%
5Y*
0.67%
10Y*
1.98%

BATVX

1D
0.00%
1M
0.20%
YTD
0.97%
6M
1.22%
1Y
2.58%
3Y*
2.47%
5Y*
1.51%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

COLTX vs. BATVX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
COLTX
Columbia Tax-Exempt Fund		2.32%3.86%3.47%6.60%-12.56%1.35%
BATVX
BlackRock Allocation Target Shares		0.97%2.80%2.48%1.41%-0.10%0.00%

Correlation

The correlation between COLTX and BATVX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.34

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

0.24

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

0.18

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

0.18

The correlation between COLTX and BATVX shifts across timeframes, from 0.18 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Columbia Tax-Exempt Fund

BlackRock Allocation Target Shares

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Often compared with BATVX:
BATVX vs. CBTAXBATVX vs. SEPAXBATVX vs. FOHFXBATVX vs. VPALXBATVX vs. NMTRXBATVX vs. PTEAXBATVX vs. PRINX

Return for Risk

COLTX vs. BATVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
COLTX
COLTX Risk / Return Rank: 6666
Overall Rank
COLTX Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
COLTX Sortino Ratio Rank: 8181
Sortino Ratio Rank
COLTX Omega Ratio Rank: 8484
Omega Ratio Rank
COLTX Calmar Ratio Rank: 5353
Calmar Ratio Rank
COLTX Martin Ratio Rank: 4646
Martin Ratio Rank
BATVX
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.

COLTX vs. BATVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Tax-Exempt Fund (COLTX) and BlackRock Allocation Target Shares (BATVX). 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.

COLTXBATVXDifference
Sharpe ratioReturn per unit of total volatility
2.41
3.57

-1.16

Sortino ratioReturn per unit of downside risk
3.84

—

—

Omega ratioGain probability vs. loss probability

1.56

—

—

Calmar ratioReturn relative to maximum drawdown

2.77

—

—

Martin ratioReturn relative to average drawdown

9.57

—

—

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

COLTX vs. BATVX - Sharpe Ratio Comparison

The current COLTX Sharpe Ratio is 2.41, which is lower than the BATVX Sharpe Ratio of 3.57. The chart below compares the historical Sharpe Ratios of COLTX and BATVX, 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

COLTXBATVXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.41

3.57

-1.16

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.13

2.39

-2.26

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.40

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.95

2.38

-1.43

Drawdowns

COLTX vs. BATVX - Drawdown Comparison

The maximum COLTX drawdown since its inception was -18.07%, which is greater than BATVX's maximum drawdown of -0.20%. Use the drawdown chart below to compare losses from any high point for COLTX and BATVX.

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Drawdown Indicators

COLTXBATVXDifference

Max Drawdown

Largest peak-to-trough decline

-18.07%

-0.20%

-17.87%

Max Drawdown (1Y)

Largest decline over 1 year

-3.11%

0.00%

-3.11%

Max Drawdown (3Y)

Largest decline over 3 years

-8.08%

-0.10%

-7.98%

Max Drawdown (5Y)

Largest decline over 5 years

-18.07%

-0.20%

-17.87%

Max Drawdown (10Y)

Largest decline over 10 years

-18.07%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-2.63%

-0.03%

-2.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.90%

0.00%

+0.90%

Volatility

COLTX vs. BATVX - Volatility Comparison

Columbia Tax-Exempt Fund (COLTX) has a higher volatility of 1.38% compared to BlackRock Allocation Target Shares (BATVX) at 0.20%. This indicates that COLTX's price experiences larger fluctuations and is considered to be riskier than BATVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

COLTXBATVXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.38%

0.20%

+1.18%

Volatility (6M)

Calculated over the trailing 6-month period

2.59%

0.49%

+2.10%

Volatility (1Y)

Calculated over the trailing 1-year period

3.60%

0.73%

+2.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.24%

0.64%

+4.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.98%

0.63%

+4.35%

COLTX vs. BATVX - Expense Ratio Comparison

COLTX has a 0.73% expense ratio, which is higher than BATVX's 0.00% expense ratio.

Dividends

COLTX vs. BATVX - Dividend Comparison

COLTX's dividend yield for the trailing twelve months is around 3.74%, more than BATVX's 2.55% 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%
COLTX
Columbia Tax-Exempt Fund		3.74%4.91%3.66%3.15%3.05%3.20%3.27%4.60%3.80%3.86%4.15%4.13%

Frequently Asked Questions

COLTX and BATVX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

COLTX has higher volatility (1.38%) compared to BATVX (0.20%). In terms of maximum drawdown, COLTX dropped -18.07% vs BATVX's -0.20%.

BATVX currently has the higher Sharpe Ratio (3.57 vs 2.41), 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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