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DFTIX vs. BATVX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DFTIX vs. BATVX

Last updated Jun 23, 2026

DFTIX (DFA Intermediate-Term Municipal Bond Portfolio) and BATVX (BlackRock Allocation Target Shares) are both Municipal Bonds funds. Over the past 5 years, DFTIX returned 1.30%/yr vs 1.51%/yr for BATVX. At a 0.05 correlation, their price movements are largely independent. DFTIX charges 0.20%/yr vs 0.00%/yr for BATVX.

Performance

DFTIX vs. BATVX - Performance Comparison

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

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Returns By Period

In the year-to-date period, DFTIX achieves a 1.48% return, which is significantly higher than BATVX's 0.97% return.

DFTIX

1D
0.10%
1M
1.03%
YTD
1.48%
6M
1.58%
1Y
5.00%
3Y*
3.27%
5Y*
1.30%
10Y*
1.56%

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)

DFTIX vs. BATVX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
DFTIX
DFA Intermediate-Term Municipal Bond Portfolio		1.48%3.70%1.12%4.29%-3.69%-0.12%
BATVX
BlackRock Allocation Target Shares		0.97%2.80%2.48%1.41%-0.10%0.00%

Correlation

The correlation between DFTIX and BATVX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

0.09

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

0.05

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

0.05

Correlation (All Time)
Calculated using the full available price history since May 25, 2021

0.05

Compare stocks, funds, or ETFs

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DFA Intermediate-Term Municipal Bond Portfolio

BlackRock Allocation Target Shares

Often compared with DFTIX:
DFTIX vs. FMBDFTIX vs. VNQIDFTIX vs. VWIUXDFTIX vs. DFEOXDFTIX vs. MPADFTIX vs. APUSXDFTIX vs. ATOIX
Often compared with BATVX:
BATVX vs. CBTAXBATVX vs. FOHFXBATVX vs. COLTXBATVX vs. SEPAXBATVX vs. VPALXBATVX vs. PTEAXBATVX vs. NMTRX

Return for Risk

DFTIX vs. BATVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DFTIX
DFTIX Risk / Return Rank: 7878
Overall Rank
DFTIX Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
DFTIX Sortino Ratio Rank: 9696
Sortino Ratio Rank
DFTIX Omega Ratio Rank: 9797
Omega Ratio Rank
DFTIX Calmar Ratio Rank: 5555
Calmar Ratio Rank
DFTIX Martin Ratio Rank: 4747
Martin Ratio Rank
BATVX

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.

DFTIX vs. BATVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA Intermediate-Term Municipal Bond Portfolio (DFTIX) 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.

DFTIXBATVXDifference
Sharpe ratioReturn per unit of total volatility
3.10
3.57

-0.47

Sortino ratioReturn per unit of downside risk
4.89

—

—

Omega ratioGain probability vs. loss probability

1.97

—

—

Calmar ratioReturn relative to maximum drawdown

2.73

—

—

Martin ratioReturn relative to average drawdown

9.29

—

—

DFTIX vs. BATVX - Sharpe Ratio Comparison

The current DFTIX Sharpe Ratio is 3.10, which is comparable to the BATVX Sharpe Ratio of 3.57. The chart below compares the historical Sharpe Ratios of DFTIX 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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Drawdowns

DFTIX vs. BATVX - Drawdown Comparison

The maximum DFTIX drawdown since its inception was -8.02%, which is greater than BATVX's maximum drawdown of -0.20%. Use the drawdown chart below to compare losses from any high point for DFTIX and BATVX.

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Drawdown Indicators

DFTIXBATVXDifference

Max Drawdown

Largest peak-to-trough decline

-8.02%

-0.20%

-7.82%

Max Drawdown (1Y)

Largest decline over 1 year

-1.85%

0.00%

-1.85%

Max Drawdown (3Y)

Largest decline over 3 years

-3.08%

-0.10%

-2.98%

Max Drawdown (5Y)

Largest decline over 5 years

-7.09%

-0.20%

-6.89%

Max Drawdown (10Y)

Largest decline over 10 years

-8.02%

—

—

Current Drawdown

Current decline from peak

-0.24%

0.00%

-0.24%

Average Drawdown

Average peak-to-trough decline

-1.30%

-0.03%

-1.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.54%

0.00%

+0.54%

Volatility

DFTIX vs. BATVX - Volatility Comparison

DFA Intermediate-Term Municipal Bond Portfolio (DFTIX) has a higher volatility of 0.40% compared to BlackRock Allocation Target Shares (BATVX) at 0.20%. This indicates that DFTIX'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

DFTIXBATVXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.40%

0.20%

+0.20%

Volatility (6M)

Calculated over the trailing 6-month period

1.26%

0.49%

+0.77%

Volatility (1Y)

Calculated over the trailing 1-year period

1.63%

0.73%

+0.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.22%

0.64%

+1.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.44%

0.63%

+1.81%

DFTIX vs. BATVX - Expense Ratio Comparison

DFTIX has a 0.20% 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

DFTIX vs. BATVX - Dividend Comparison

DFTIX's dividend yield for the trailing twelve months is around 2.77%, 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%
DFTIX
DFA Intermediate-Term Municipal Bond Portfolio		2.77%2.32%2.22%1.76%1.47%1.31%1.49%1.55%1.52%1.33%1.36%1.47%

Frequently Asked Questions

DFTIX and BATVX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DFTIX has higher volatility (0.40%) compared to BATVX (0.20%). In terms of maximum drawdown, DFTIX dropped -8.02% vs BATVX's -0.20%.

BATVX currently has the higher Sharpe Ratio (3.57 vs 3.10), 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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