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EILBX vs. BATVX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EILBX vs. BATVX

Last updated Jun 24, 2026

EILBX (Parametric TABS 1-to-10 Year Laddered Municipal Bond Fund) and BATVX (BlackRock Allocation Target Shares) are both Municipal Bonds funds. Over the past 5 years, EILBX returned 1.68%/yr vs 1.51%/yr for BATVX. At a 0.21 correlation, their price movements are largely independent. EILBX charges 0.40%/yr vs 0.00%/yr for BATVX.

Performance

EILBX vs. BATVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Parametric TABS 1-to-10 Year Laddered Municipal Bond Fund (EILBX) 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, EILBX achieves a 1.19% return, which is significantly higher than BATVX's 0.97% return.

EILBX

1D
0.00%
1M
0.93%
YTD
1.19%
6M
1.55%
1Y
5.25%
3Y*
3.82%
5Y*
1.68%
10Y*
2.07%

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)

EILBX vs. BATVX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
EILBX
Parametric TABS 1-to-10 Year Laddered Municipal Bond Fund		1.19%5.54%1.79%4.40%-4.35%0.31%
BATVX
BlackRock Allocation Target Shares		0.97%2.80%2.48%1.41%-0.10%0.00%

Correlation

The correlation between EILBX and BATVX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.39

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

0.29

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

0.21

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

0.21

The correlation between EILBX and BATVX shifts across timeframes, from 0.21 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.

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Parametric TABS 1-to-10 Year Laddered Municipal Bond Fund

BlackRock Allocation Target Shares

Often compared with EILBX:
EILBX vs. EEIAXEILBX vs. APUSXEILBX vs. ATOIXEILBX vs. LSMSXEILBX vs. AFBEILBX vs. EGRIXEILBX vs. EIMAX
Often compared with BATVX:
BATVX vs. CBTAXBATVX vs. FOHFXBATVX vs. COLTXBATVX vs. SEPAXBATVX vs. VPALXBATVX vs. PTEAXBATVX vs. NMTRX

Return for Risk

EILBX vs. BATVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EILBX
EILBX Risk / Return Rank: 7272
Overall Rank
EILBX Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
EILBX Sortino Ratio Rank: 9494
Sortino Ratio Rank
EILBX Omega Ratio Rank: 9696
Omega Ratio Rank
EILBX Calmar Ratio Rank: 4040
Calmar Ratio Rank
EILBX Martin Ratio Rank: 3737
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.

EILBX vs. BATVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Parametric TABS 1-to-10 Year Laddered Municipal Bond Fund (EILBX) 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.

EILBXBATVXDifference
Sharpe ratioReturn per unit of total volatility
2.81
3.57

-0.76

Sortino ratioReturn per unit of downside risk
4.56

—

—

Omega ratioGain probability vs. loss probability

1.82

—

—

Calmar ratioReturn relative to maximum drawdown

2.28

—

—

Martin ratioReturn relative to average drawdown

7.70

—

—

EILBX vs. BATVX - Sharpe Ratio Comparison

The current EILBX Sharpe Ratio is 2.81, which is comparable to the BATVX Sharpe Ratio of 3.57. The chart below compares the historical Sharpe Ratios of EILBX 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

EILBX vs. BATVX - Drawdown Comparison

The maximum EILBX drawdown since its inception was -8.90%, which is greater than BATVX's maximum drawdown of -0.20%. Use the drawdown chart below to compare losses from any high point for EILBX and BATVX.

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Drawdown Indicators

EILBXBATVXDifference

Max Drawdown

Largest peak-to-trough decline

-8.90%

-0.20%

-8.70%

Max Drawdown (1Y)

Largest decline over 1 year

-2.35%

0.00%

-2.35%

Max Drawdown (3Y)

Largest decline over 3 years

-4.10%

-0.10%

-4.00%

Max Drawdown (5Y)

Largest decline over 5 years

-8.90%

-0.20%

-8.70%

Max Drawdown (10Y)

Largest decline over 10 years

-8.90%

—

—

Current Drawdown

Current decline from peak

-0.75%

0.00%

-0.75%

Average Drawdown

Average peak-to-trough decline

-1.53%

-0.03%

-1.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.70%

0.00%

+0.70%

Volatility

EILBX vs. BATVX - Volatility Comparison

Parametric TABS 1-to-10 Year Laddered Municipal Bond Fund (EILBX) has a higher volatility of 0.51% compared to BlackRock Allocation Target Shares (BATVX) at 0.20%. This indicates that EILBX'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

EILBXBATVXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.51%

0.20%

+0.31%

Volatility (6M)

Calculated over the trailing 6-month period

1.55%

0.49%

+1.06%

Volatility (1Y)

Calculated over the trailing 1-year period

1.92%

0.73%

+1.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.77%

0.64%

+2.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.69%

0.63%

+2.06%

EILBX vs. BATVX - Expense Ratio Comparison

EILBX has a 0.40% expense ratio, which is higher than BATVX's 0.00% expense ratio.

Dividends

EILBX vs. BATVX - Dividend Comparison

EILBX's dividend yield for the trailing twelve months is around 3.08%, more than BATVX's 2.55% yield.

PositionTTM2025202420232022202120202019201820172016
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%
EILBX
Parametric TABS 1-to-10 Year Laddered Municipal Bond Fund		3.08%3.02%3.13%2.22%1.83%1.36%1.49%1.91%1.76%1.49%1.45%

Frequently Asked Questions

EILBX and BATVX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EILBX has higher volatility (0.51%) compared to BATVX (0.20%). In terms of maximum drawdown, EILBX dropped -8.90% vs BATVX's -0.20%.

BATVX currently has the higher Sharpe Ratio (3.57 vs 2.81), 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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