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JCBCX vs. BATVX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JCBCX vs. BATVX

Last updated Jun 4, 2026

JCBCX (JPMorgan California Tax Free Bond Fund Class C) and BATVX (BlackRock Allocation Target Shares) are both Municipal Bonds funds. Over the past 5 years, JCBCX returned 0.20%/yr vs 1.51%/yr for BATVX. At a 0.08 correlation, their price movements are largely independent. JCBCX charges 1.05%/yr vs 0.00%/yr for BATVX.

Performance

JCBCX vs. BATVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan California Tax Free Bond Fund Class C (JCBCX) 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, JCBCX achieves a 0.70% return, which is significantly lower than BATVX's 0.97% return.

JCBCX

1D
0.20%
1M
0.59%
YTD
0.70%
6M
0.81%
1Y
5.06%
3Y*
2.53%
5Y*
0.20%
10Y*
0.93%

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)

JCBCX vs. BATVX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
JCBCX
JPMorgan California Tax Free Bond Fund Class C		0.70%2.85%0.87%4.30%-7.11%-0.02%
BATVX
BlackRock Allocation Target Shares		0.97%2.80%2.48%1.41%-0.10%0.00%

Correlation

The correlation between JCBCX and BATVX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.18

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

0.08

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

0.08

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

0.08

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JPMorgan California Tax Free Bond Fund Class C

BlackRock Allocation Target Shares

Often compared with JCBCX:
JCBCX vs. JEPIXJCBCX vs. NRKJCBCX vs. JUEMXJCBCX vs. FXIEXJCBCX vs. APUSXJCBCX vs. DFABXJCBCX vs. ATOIX
Often compared with BATVX:
BATVX vs. CBTAXBATVX vs. COLTXBATVX vs. SEPAXBATVX vs. FOHFXBATVX vs. VPALXBATVX vs. NMTRXBATVX vs. PTEAX

Return for Risk

JCBCX vs. BATVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JCBCX
JCBCX Risk / Return Rank: 5454
Overall Rank
JCBCX Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
JCBCX Sortino Ratio Rank: 7171
Sortino Ratio Rank
JCBCX Omega Ratio Rank: 8484
Omega Ratio Rank
JCBCX Calmar Ratio Rank: 2626
Calmar Ratio Rank
JCBCX Martin Ratio Rank: 2525
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.

JCBCX vs. BATVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan California Tax Free Bond Fund Class C (JCBCX) 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.

JCBCXBATVXDifference
Sharpe ratioReturn per unit of total volatility
2.39
3.57

-1.18

Sortino ratioReturn per unit of downside risk
3.54

—

—

Omega ratioGain probability vs. loss probability

1.58

—

—

Calmar ratioReturn relative to maximum drawdown

1.87

—

—

Martin ratioReturn relative to average drawdown

6.15

—

—

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

JCBCX vs. BATVX - Sharpe Ratio Comparison

The current JCBCX Sharpe Ratio is 2.39, which is lower than the BATVX Sharpe Ratio of 3.57. The chart below compares the historical Sharpe Ratios of JCBCX 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

JCBCXBATVXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.39

3.57

-1.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.07

2.39

-2.32

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.29

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.73

2.38

-1.65

Drawdowns

JCBCX vs. BATVX - Drawdown Comparison

The maximum JCBCX drawdown since its inception was -11.44%, which is greater than BATVX's maximum drawdown of -0.20%. Use the drawdown chart below to compare losses from any high point for JCBCX and BATVX.

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Drawdown Indicators

JCBCXBATVXDifference

Max Drawdown

Largest peak-to-trough decline

-11.44%

-0.20%

-11.24%

Max Drawdown (1Y)

Largest decline over 1 year

-2.72%

0.00%

-2.72%

Max Drawdown (3Y)

Largest decline over 3 years

-4.77%

-0.10%

-4.67%

Max Drawdown (5Y)

Largest decline over 5 years

-11.28%

-0.20%

-11.08%

Max Drawdown (10Y)

Largest decline over 10 years

-11.44%

—

—

Current Drawdown

Current decline from peak

-0.97%

0.00%

-0.97%

Average Drawdown

Average peak-to-trough decline

-2.07%

-0.03%

-2.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.82%

0.00%

+0.82%

Volatility

JCBCX vs. BATVX - Volatility Comparison

JPMorgan California Tax Free Bond Fund Class C (JCBCX) has a higher volatility of 0.90% compared to BlackRock Allocation Target Shares (BATVX) at 0.20%. This indicates that JCBCX'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

JCBCXBATVXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.90%

0.20%

+0.70%

Volatility (6M)

Calculated over the trailing 6-month period

1.67%

0.49%

+1.18%

Volatility (1Y)

Calculated over the trailing 1-year period

2.14%

0.73%

+1.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.90%

0.64%

+2.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.28%

0.63%

+2.65%

JCBCX vs. BATVX - Expense Ratio Comparison

JCBCX has a 1.05% expense ratio, which is higher than BATVX's 0.00% expense ratio.

Dividends

JCBCX vs. BATVX - Dividend Comparison

JCBCX's dividend yield for the trailing twelve months is around 2.54%, which matches BATVX's 2.55% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%
JCBCX
JPMorgan California Tax Free Bond Fund Class C		2.54%2.39%2.35%1.90%1.38%0.95%1.08%1.72%2.16%2.09%1.99%2.51%

Frequently Asked Questions

JCBCX and BATVX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

JCBCX has higher volatility (0.90%) compared to BATVX (0.20%). In terms of maximum drawdown, JCBCX dropped -11.44% vs BATVX's -0.20%.

BATVX currently has the higher Sharpe Ratio (3.57 vs 2.39), 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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