MAMTX vs. AVDV
MAMTX (Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust) and AVDV (Avantis International Small Cap Value ETF) are both funds - MAMTX is a Municipal Bonds fund managed by BlackRock, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. Over the past 5 years, MAMTX returned 0.63%/yr vs 14.52%/yr for AVDV. At a 0.12 correlation, their price movements are largely independent. MAMTX charges 0.55%/yr vs 0.36%/yr for AVDV.
Performance
MAMTX vs. AVDV - Performance Comparison
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Returns By Period
In the year-to-date period, MAMTX achieves a 2.34% return, which is significantly lower than AVDV's 15.88% return.
MAMTX
- 1D
- 0.10%
- 1M
- 1.88%
- YTD
- 2.34%
- 6M
- 2.78%
- 1Y
- 7.31%
- 3Y*
- 4.27%
- 5Y*
- 0.63%
- 10Y*
- 2.07%
AVDV
- 1D
- 0.58%
- 1M
- 0.45%
- YTD
- 15.88%
- 6M
- 16.04%
- 1Y
- 44.77%
- 3Y*
- 28.44%
- 5Y*
- 14.52%
- 10Y*
- —
MAMTX vs. AVDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MAMTX Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust | 2.34% | 3.97% | 3.90% | 4.89% | -12.11% | 5.84% | 0.58% | 1.30% |
AVDV Avantis International Small Cap Value ETF | 15.88% | 49.37% | 8.67% | 16.85% | -11.47% | 15.80% | 5.01% | 11.78% |
Correlation
The correlation between MAMTX and AVDV is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.12 |
The correlation between MAMTX and AVDV shifts across timeframes, from 0.12 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MAMTX vs. AVDV — Risk / Return Rank
MAMTX
AVDV
MAMTX vs. AVDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust (MAMTX) and Avantis International Small Cap Value ETF (AVDV). 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.
| MAMTX | AVDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.50 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 3.41 | -0.87 |
| Martin ratioReturn relative to average drawdown | 8.53 | 13.59 | -5.06 |
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Drawdowns
MAMTX vs. AVDV - Drawdown Comparison
The maximum MAMTX drawdown since its inception was -16.83%, smaller than the maximum AVDV drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for MAMTX and AVDV.
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Drawdown Indicators
| MAMTX | AVDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.83% | -43.01% | +26.18% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -13.19% | +10.34% |
Max Drawdown (3Y)Largest decline over 3 years | -6.33% | -14.17% | +7.84% |
Max Drawdown (5Y)Largest decline over 5 years | -16.83% | -28.08% | +11.25% |
Max Drawdown (10Y)Largest decline over 10 years | -16.83% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.49% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -6.74% | +4.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 3.30% | -2.45% |
Volatility
MAMTX vs. AVDV - Volatility Comparison
The current volatility for Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust (MAMTX) is 0.78%, while Avantis International Small Cap Value ETF (AVDV) has a volatility of 5.78%. This indicates that MAMTX experiences smaller price fluctuations and is considered to be less risky than AVDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAMTX | AVDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 5.78% | -5.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.26% | 13.93% | -11.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.17% | 16.28% | -13.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.77% | 17.38% | -12.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.84% | 19.75% | -14.91% |
MAMTX vs. AVDV - Expense Ratio Comparison
MAMTX has a 0.55% expense ratio, which is higher than AVDV's 0.36% expense ratio.
Dividends
MAMTX vs. AVDV - Dividend Comparison
MAMTX's dividend yield for the trailing twelve months is around 3.90%, less than AVDV's 4.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVDV Avantis International Small Cap Value ETF | 4.08% | 3.05% | 4.31% | 3.29% | 3.17% | 2.39% | 1.67% | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% |
MAMTX Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust | 3.90% | 5.00% | 4.23% | 2.70% | 1.96% | 2.00% | 2.39% | 2.83% | 4.74% | 2.89% | 3.91% | 2.84% |
Frequently Asked Questions
MAMTX and AVDV have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVDV has higher volatility (5.78%) compared to MAMTX (0.78%). In terms of maximum drawdown, MAMTX dropped -16.83% vs AVDV's -43.01%.
AVDV currently has the higher Sharpe Ratio (2.77 vs 2.29), 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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