DFABX vs. BATVX
DFABX (DFA Short-Term Selective State Municipal Bond Portfolio) and BATVX (BlackRock Allocation Target Shares) are both Municipal Bonds funds. Over the past 3 years, DFABX returned 2.76%/yr vs 2.36%/yr for BATVX. Their -0.03 correlation means they have often moved in opposite directions in the past. DFABX charges 0.25%/yr vs 0.00%/yr for BATVX.
Performance
DFABX vs. BATVX - Performance Comparison
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Returns By Period
In the year-to-date period, DFABX achieves a 1.31% return, which is significantly higher than BATVX's 1.20% return.
DFABX
- 1D
- 0.10%
- 1M
- 0.11%
- 6M
- 0.86%
- YTD
- 1.31%
- 1Y
- 2.20%
- 3Y*
- 2.76%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.34%
BATVX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.04%
- YTD
- 1.20%
- 1Y
- 2.36%
- 3Y*
- 2.36%
- 5Y*
- 1.55%
- 10Y*
- —
- ALL TIME*
- 1.49%
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 |
DFABX vs. BATVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DFABX DFA Short-Term Selective State Municipal Bond Portfolio | 1.31% | 2.46% | 2.90% | 2.87% | 0.55% |
BATVX BlackRock Allocation Target Shares | 1.20% | 2.80% | 2.48% | 1.41% | 0.00% |
Correlation
The correlation between DFABX and BATVX is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | -0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2022 | -0.03 |
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Return for Risk
DFABX vs. BATVX — Risk / Return Rank
DFABX
BATVX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DFABX vs. BATVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Short-Term Selective State Municipal Bond Portfolio (DFABX) 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.
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.
| DFABX | BATVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 4.20 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 20.63 | — | — |
| Martin ratioReturn relative to average drawdown | 81.43 | — | — |
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Drawdowns
DFABX vs. BATVX - Drawdown Comparison
The maximum DFABX drawdown since its inception was -2.46%, which is greater than BATVX's maximum drawdown of -0.20%. Use the drawdown chart below to compare losses from any high point for DFABX and BATVX.
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Drawdown Indicators
| DFABX | BATVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.46% | -0.20% | -2.26% |
Max Drawdown (1Y)Largest decline over 1 year | -0.11% | 0.00% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -0.60% | -0.10% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.20% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.23% | -0.02% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 0.00% | +0.03% |
Volatility
DFABX vs. BATVX - Volatility Comparison
DFA Short-Term Selective State Municipal Bond Portfolio (DFABX) has a higher volatility of 0.23% compared to BlackRock Allocation Target Shares (BATVX) at 0.00%. This indicates that DFABX'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
| DFABX | BATVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.23% | 0.00% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 0.42% | 0.46% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.57% | 0.70% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.95% | 0.64% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.95% | 0.63% | +0.32% |
DFABX vs. BATVX - Expense Ratio Comparison
DFABX has a 0.25% expense ratio, which is higher than BATVX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DFABX vs. BATVX - Dividend Comparison
DFABX's dividend yield for the trailing twelve months is around 2.58%, more than BATVX's 2.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BATVX BlackRock Allocation Target Shares | 2.33% | 2.76% | 2.44% | 1.40% | 0.00% |
DFABX DFA Short-Term Selective State Municipal Bond Portfolio | 2.58% | 2.33% | 2.86% | 2.52% | 1.25% |
Frequently Asked Questions
DFABX and BATVX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFABX has higher volatility (0.23%) compared to BATVX (0.00%). In terms of maximum drawdown, DFABX dropped -2.46% vs BATVX's -0.20%.
DFABX currently has the higher Sharpe Ratio (3.90 vs 3.41), 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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