GWMEX vs. BATEX
Compare and contrast key facts about AMG GW&K Municipal Enhanced Yield Fund (GWMEX) and BlackRock Allocation Target Shares Series E Portfolio (BATEX).
GWMEX is managed by AMG. It was launched on Dec 29, 2005. BATEX is managed by BlackRock. It was launched on Aug 3, 2014.
Performance
GWMEX vs. BATEX - Performance Comparison
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GWMEX vs. BATEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GWMEX AMG GW&K Municipal Enhanced Yield Fund | -1.47% | 2.50% | 2.61% | 10.89% | -17.86% | 15.05% | 6.32% | 12.51% | -0.06% | 9.79% |
BATEX BlackRock Allocation Target Shares Series E Portfolio | -0.89% | 3.22% | 4.74% | 6.45% | -14.23% | 8.28% | 5.77% | 10.92% | 1.75% | 8.76% |
Returns By Period
In the year-to-date period, GWMEX achieves a -1.47% return, which is significantly lower than BATEX's -0.89% return. Over the past 10 years, GWMEX has outperformed BATEX with an annualized return of 3.39%, while BATEX has yielded a comparatively lower 2.94% annualized return.
GWMEX
- 1D
- 0.35%
- 1M
- -3.61%
- YTD
- -1.47%
- 6M
- 0.39%
- 1Y
- 2.09%
- 3Y*
- 3.07%
- 5Y*
- 1.70%
- 10Y*
- 3.39%
BATEX
- 1D
- 0.20%
- 1M
- -2.94%
- YTD
- -0.89%
- 6M
- 0.45%
- 1Y
- 1.72%
- 3Y*
- 3.51%
- 5Y*
- 0.72%
- 10Y*
- 2.94%
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GWMEX vs. BATEX - Expense Ratio Comparison
GWMEX has a 0.64% expense ratio, which is higher than BATEX's 0.11% expense ratio.
Return for Risk
GWMEX vs. BATEX — Risk / Return Rank
GWMEX
BATEX
GWMEX vs. BATEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG GW&K Municipal Enhanced Yield Fund (GWMEX) and BlackRock Allocation Target Shares Series E Portfolio (BATEX). 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.
| GWMEX | BATEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.32 | 0.33 | -0.01 |
Sortino ratioReturn per unit of downside risk | 0.47 | 0.49 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.11 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.30 | 0.39 | -0.08 |
Martin ratioReturn relative to average drawdown | 0.79 | 0.98 | -0.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GWMEX | BATEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 0.33 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.13 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.50 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.58 | +0.05 |
Correlation
The correlation between GWMEX and BATEX is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GWMEX vs. BATEX - Dividend Comparison
GWMEX's dividend yield for the trailing twelve months is around 3.48%, less than BATEX's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GWMEX AMG GW&K Municipal Enhanced Yield Fund | 3.48% | 3.67% | 3.38% | 3.10% | 3.33% | 13.26% | 3.63% | 4.59% | 5.82% | 2.97% | 7.96% | 4.77% |
BATEX BlackRock Allocation Target Shares Series E Portfolio | 4.73% | 5.01% | 3.74% | 2.98% | 5.41% | 3.29% | 3.50% | 3.80% | 4.75% | 2.88% | 0.98% | 0.13% |
Drawdowns
GWMEX vs. BATEX - Drawdown Comparison
The maximum GWMEX drawdown since its inception was -36.30%, which is greater than BATEX's maximum drawdown of -19.90%. Use the drawdown chart below to compare losses from any high point for GWMEX and BATEX.
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Drawdown Indicators
| GWMEX | BATEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.30% | -19.90% | -16.40% |
Max Drawdown (1Y)Largest decline over 1 year | -7.14% | -7.14% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -24.06% | -19.90% | -4.16% |
Max Drawdown (10Y)Largest decline over 10 years | -24.06% | -19.90% | -4.16% |
Current DrawdownCurrent decline from peak | -5.69% | -2.94% | -2.75% |
Average DrawdownAverage peak-to-trough decline | -5.72% | -4.08% | -1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 2.80% | -0.04% |
Volatility
GWMEX vs. BATEX - Volatility Comparison
AMG GW&K Municipal Enhanced Yield Fund (GWMEX) has a higher volatility of 1.73% compared to BlackRock Allocation Target Shares Series E Portfolio (BATEX) at 1.31%. This indicates that GWMEX's price experiences larger fluctuations and is considered to be riskier than BATEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GWMEX | BATEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.73% | 1.31% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.41% | 2.29% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.30% | 7.69% | -0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.77% | 5.73% | +2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.73% | 5.87% | +0.86% |