ISHYX vs. BATEX
Compare and contrast key facts about Invesco Short Duration High Yield Municipal Fund (ISHYX) and BlackRock Allocation Target Shares Series E Portfolio (BATEX).
ISHYX is managed by Invesco. It was launched on Sep 29, 2015. BATEX is managed by BlackRock. It was launched on Aug 3, 2014.
Performance
ISHYX vs. BATEX - Performance Comparison
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ISHYX vs. BATEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISHYX Invesco Short Duration High Yield Municipal Fund | 0.13% | 3.92% | 6.43% | 3.58% | -8.99% | 5.96% | -0.31% | 7.84% | 2.27% | 8.04% |
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, ISHYX achieves a 0.13% return, which is significantly higher than BATEX's -0.89% return. Both investments have delivered pretty close results over the past 10 years, with ISHYX having a 2.84% annualized return and BATEX not far ahead at 2.94%.
ISHYX
- 1D
- 0.11%
- 1M
- -1.79%
- YTD
- 0.13%
- 6M
- 1.85%
- 1Y
- 3.51%
- 3Y*
- 4.15%
- 5Y*
- 1.66%
- 10Y*
- 2.84%
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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ISHYX vs. BATEX - Expense Ratio Comparison
ISHYX has a 0.59% expense ratio, which is higher than BATEX's 0.11% expense ratio.
Return for Risk
ISHYX vs. BATEX — Risk / Return Rank
ISHYX
BATEX
ISHYX vs. BATEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Short Duration High Yield Municipal Fund (ISHYX) 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.
| ISHYX | BATEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 0.33 | +0.76 |
Sortino ratioReturn per unit of downside risk | 1.49 | 0.49 | +1.00 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.11 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.12 | 0.39 | +0.73 |
Martin ratioReturn relative to average drawdown | 3.57 | 0.98 | +2.58 |
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
| ISHYX | BATEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 0.33 | +0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.13 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.50 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.58 | +0.32 |
Correlation
The correlation between ISHYX and BATEX is 0.75, 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
ISHYX vs. BATEX - Dividend Comparison
ISHYX's dividend yield for the trailing twelve months is around 4.29%, less than BATEX's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISHYX Invesco Short Duration High Yield Municipal Fund | 4.29% | 4.65% | 4.40% | 3.38% | 3.99% | 3.58% | 3.58% | 3.45% | 3.59% | 3.51% | 3.60% | 0.00% |
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
ISHYX vs. BATEX - Drawdown Comparison
The maximum ISHYX drawdown since its inception was -13.64%, smaller than the maximum BATEX drawdown of -19.90%. Use the drawdown chart below to compare losses from any high point for ISHYX and BATEX.
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Drawdown Indicators
| ISHYX | BATEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.64% | -19.90% | +6.26% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -7.14% | +3.35% |
Max Drawdown (5Y)Largest decline over 5 years | -12.03% | -19.90% | +7.87% |
Max Drawdown (10Y)Largest decline over 10 years | -13.64% | -19.90% | +6.26% |
Current DrawdownCurrent decline from peak | -1.79% | -2.94% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -4.08% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 2.80% | -1.61% |
Volatility
ISHYX vs. BATEX - Volatility Comparison
The current volatility for Invesco Short Duration High Yield Municipal Fund (ISHYX) is 0.68%, while BlackRock Allocation Target Shares Series E Portfolio (BATEX) has a volatility of 1.31%. This indicates that ISHYX experiences smaller price fluctuations and is considered to be less risky 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
| ISHYX | BATEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 1.31% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 1.40% | 2.29% | -0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 7.69% | -3.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.07% | 5.73% | -2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.33% | 5.87% | -2.54% |