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FXIEX vs. BATVX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FXIEX vs. BATVX

Last updated Jun 4, 2026

FXIEX (PIMCO Fixed Income SHares: Series TE) and BATVX (BlackRock Allocation Target Shares) are both Municipal Bonds funds. Over the past 5 years, FXIEX returned 1.67%/yr vs 1.51%/yr for BATVX. At a 0.16 correlation, their price movements are largely independent. FXIEX charges 0.07%/yr vs 0.00%/yr for BATVX.

Performance

FXIEX vs. BATVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Fixed Income SHares: Series TE (FXIEX) 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, FXIEX achieves a 1.81% return, which is significantly higher than BATVX's 0.97% return.

FXIEX

1D
0.20%
1M
0.91%
YTD
1.81%
6M
2.24%
1Y
6.90%
3Y*
5.23%
5Y*
1.67%
10Y*
2.91%

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)

FXIEX vs. BATVX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
FXIEX
PIMCO Fixed Income SHares: Series TE		1.81%3.37%5.16%8.92%-10.89%1.58%
BATVX
BlackRock Allocation Target Shares		0.97%2.80%2.48%1.41%-0.10%0.00%

Correlation

The correlation between FXIEX and BATVX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.21

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

0.21

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

0.16

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

0.16

Compare stocks, funds, or ETFs

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PIMCO Fixed Income SHares: Series TE

BlackRock Allocation Target Shares

Often compared with FXIEX:
FXIEX vs. BRASXFXIEX vs. PRFHXFXIEX vs. VWALXFXIEX vs. FEHIXFXIEX vs. NVHIXFXIEX vs. VTEAXFXIEX vs. VWIAX
Often compared with BATVX:
BATVX vs. CBTAXBATVX vs. COLTXBATVX vs. SEPAXBATVX vs. FOHFXBATVX vs. VPALXBATVX vs. NMTRXBATVX vs. PTEAX

Return for Risk

FXIEX vs. BATVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FXIEX
FXIEX Risk / Return Rank: 7878
Overall Rank
FXIEX Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
FXIEX Sortino Ratio Rank: 9090
Sortino Ratio Rank
FXIEX Omega Ratio Rank: 8888
Omega Ratio Rank
FXIEX Calmar Ratio Rank: 8080
Calmar Ratio Rank
FXIEX Martin Ratio Rank: 6060
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.

FXIEX vs. BATVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Fixed Income SHares: Series TE (FXIEX) 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.

FXIEXBATVXDifference
Sharpe ratioReturn per unit of total volatility
2.49
3.57

-1.08

Sortino ratioReturn per unit of downside risk
4.35

—

—

Omega ratioGain probability vs. loss probability

1.61

—

—

Calmar ratioReturn relative to maximum drawdown

3.61

—

—

Martin ratioReturn relative to average drawdown

11.89

—

—

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

FXIEX vs. BATVX - Sharpe Ratio Comparison

The current FXIEX Sharpe Ratio is 2.49, which is lower than the BATVX Sharpe Ratio of 3.57. The chart below compares the historical Sharpe Ratios of FXIEX 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

FXIEXBATVXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.49

3.57

-1.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.40

2.39

-1.98

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.73

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.60

2.38

-1.78

Drawdowns

FXIEX vs. BATVX - Drawdown Comparison

The maximum FXIEX drawdown since its inception was -15.25%, which is greater than BATVX's maximum drawdown of -0.20%. Use the drawdown chart below to compare losses from any high point for FXIEX and BATVX.

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Drawdown Indicators

FXIEXBATVXDifference

Max Drawdown

Largest peak-to-trough decline

-15.25%

-0.20%

-15.05%

Max Drawdown (1Y)

Largest decline over 1 year

-2.42%

0.00%

-2.42%

Max Drawdown (3Y)

Largest decline over 3 years

-5.56%

-0.10%

-5.46%

Max Drawdown (5Y)

Largest decline over 5 years

-15.25%

-0.20%

-15.05%

Max Drawdown (10Y)

Largest decline over 10 years

-15.25%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-2.90%

-0.03%

-2.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.66%

0.00%

+1.66%

Volatility

FXIEX vs. BATVX - Volatility Comparison

PIMCO Fixed Income SHares: Series TE (FXIEX) has a higher volatility of 1.29% compared to BlackRock Allocation Target Shares (BATVX) at 0.20%. This indicates that FXIEX'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

FXIEXBATVXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.29%

0.20%

+1.09%

Volatility (6M)

Calculated over the trailing 6-month period

2.19%

0.49%

+1.70%

Volatility (1Y)

Calculated over the trailing 1-year period

3.55%

0.73%

+2.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.37%

0.64%

+3.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.10%

0.63%

+3.47%

FXIEX vs. BATVX - Expense Ratio Comparison

FXIEX has a 0.07% 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

FXIEX vs. BATVX - Dividend Comparison

FXIEX's dividend yield for the trailing twelve months is around 2.79%, more than BATVX's 2.55% yield.

PositionTTM202520242023202220212020201920182017
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%
FXIEX
PIMCO Fixed Income SHares: Series TE		2.79%2.75%4.53%3.98%3.25%2.63%3.37%3.63%3.79%2.67%

Frequently Asked Questions

FXIEX and BATVX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FXIEX has higher volatility (1.29%) compared to BATVX (0.20%). In terms of maximum drawdown, FXIEX dropped -15.25% vs BATVX's -0.20%.

BATVX currently has the higher Sharpe Ratio (3.57 vs 2.49), 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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