FOSIX vs. BATAX
FOSIX (Tributary Short-Intermediate Bond Fund) and BATAX (BlackRock Allocation Target Shares Series A Portfolio) are both Short-Term Bond funds. Over the past 10 years, FOSIX returned 2.34%/yr vs 3.61%/yr for BATAX. A 0.62 correlation means they provide meaningful diversification when combined. FOSIX charges 0.64%/yr vs 0.00%/yr for BATAX.
Performance
FOSIX vs. BATAX - Performance Comparison
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Returns By Period
In the year-to-date period, FOSIX achieves a 0.27% return, which is significantly lower than BATAX's 1.87% return. Over the past 10 years, FOSIX has underperformed BATAX with an annualized return of 2.34%, while BATAX has yielded a comparatively higher 3.61% annualized return.
FOSIX
- 1D
- -0.11%
- 1M
- 0.11%
- YTD
- 0.27%
- 6M
- 0.71%
- 1Y
- 3.21%
- 3Y*
- 5.24%
- 5Y*
- 2.45%
- 10Y*
- 2.34%
BATAX
- 1D
- 0.00%
- 1M
- 0.56%
- YTD
- 1.87%
- 6M
- 2.42%
- 1Y
- 6.01%
- 3Y*
- 6.66%
- 5Y*
- 3.37%
- 10Y*
- 3.61%
FOSIX vs. BATAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FOSIX Tributary Short-Intermediate Bond Fund | 0.27% | 5.86% | 5.47% | 5.81% | -4.44% | -0.65% | 3.97% | 4.35% | 1.01% | 2.17% |
BATAX BlackRock Allocation Target Shares Series A Portfolio | 1.87% | 7.37% | 7.34% | 6.43% | -5.87% | 1.72% | 2.75% | 6.76% | 2.20% | 5.21% |
Correlation
The correlation between FOSIX and BATAX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.62 |
The correlation between FOSIX and BATAX shifts across timeframes, from 0.62 (all time) to 0.74 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FOSIX vs. BATAX — Risk / Return Rank
FOSIX
BATAX
FOSIX vs. BATAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tributary Short-Intermediate Bond Fund (FOSIX) and BlackRock Allocation Target Shares Series A Portfolio (BATAX). 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.
| FOSIX | BATAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -4.46 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 2.12 | -0.73 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 6.57 | -4.03 |
| Martin ratioReturn relative to average drawdown | 9.68 | 27.52 | -17.84 |
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Drawdowns
FOSIX vs. BATAX - Drawdown Comparison
The maximum FOSIX drawdown since its inception was -6.58%, smaller than the maximum BATAX drawdown of -17.42%. Use the drawdown chart below to compare losses from any high point for FOSIX and BATAX.
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Drawdown Indicators
| FOSIX | BATAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.58% | -17.42% | +10.84% |
Max Drawdown (1Y)Largest decline over 1 year | -1.31% | -0.94% | -0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -1.31% | -1.15% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -6.57% | -8.12% | +1.55% |
Max Drawdown (10Y)Largest decline over 10 years | -6.58% | -17.42% | +10.84% |
Current DrawdownCurrent decline from peak | -0.55% | -0.10% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -0.82% | -1.30% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 0.22% | +0.12% |
Volatility
FOSIX vs. BATAX - Volatility Comparison
Tributary Short-Intermediate Bond Fund (FOSIX) and BlackRock Allocation Target Shares Series A Portfolio (BATAX) have volatilities of 0.65% and 0.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FOSIX | BATAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 0.66% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.52% | 1.45% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.98% | 2.05% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.28% | 2.18% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.96% | 3.07% | -1.11% |
FOSIX vs. BATAX - Expense Ratio Comparison
FOSIX has a 0.64% expense ratio, which is higher than BATAX's 0.00% expense ratio.
Dividends
FOSIX vs. BATAX - Dividend Comparison
FOSIX's dividend yield for the trailing twelve months is around 4.20%, less than BATAX's 5.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BATAX BlackRock Allocation Target Shares Series A Portfolio | 5.74% | 5.92% | 5.45% | 3.91% | 3.14% | 1.82% | 3.22% | 4.73% | 5.36% | 4.10% | 0.40% | 0.00% |
FOSIX Tributary Short-Intermediate Bond Fund | 4.20% | 4.36% | 4.30% | 2.86% | 2.30% | 1.81% | 2.19% | 2.41% | 2.20% | 2.26% | 2.04% | 1.34% |
Frequently Asked Questions
FOSIX and BATAX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BATAX has higher volatility (0.66%) compared to FOSIX (0.65%). In terms of maximum drawdown, FOSIX dropped -6.58% vs BATAX's -17.42%.
BATAX currently has the higher Sharpe Ratio (3.00 vs 1.69), 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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