MMHVX vs. BATEX
Compare and contrast key facts about MainStay MacKay High Yield Municipal Bond Fund (MMHVX) and BlackRock Allocation Target Shares Series E Portfolio (BATEX).
MMHVX is managed by MainStay. It was launched on Mar 30, 2010. BATEX is managed by BlackRock. It was launched on Aug 3, 2014.
Performance
MMHVX vs. BATEX - Performance Comparison
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MMHVX vs. BATEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MMHVX MainStay MacKay High Yield Municipal Bond Fund | -0.65% | 4.27% | 4.24% | 8.60% | -14.42% | 6.12% | 5.18% | 9.18% | 4.06% | 8.60% |
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, MMHVX achieves a -0.65% return, which is significantly higher than BATEX's -0.89% return. Over the past 10 years, MMHVX has outperformed BATEX with an annualized return of 3.14%, while BATEX has yielded a comparatively lower 2.94% annualized return.
MMHVX
- 1D
- 0.17%
- 1M
- -2.94%
- YTD
- -0.65%
- 6M
- 0.90%
- 1Y
- 3.27%
- 3Y*
- 4.43%
- 5Y*
- 0.94%
- 10Y*
- 3.14%
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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MMHVX vs. BATEX - Expense Ratio Comparison
MMHVX has a 0.87% expense ratio, which is higher than BATEX's 0.11% expense ratio.
Return for Risk
MMHVX vs. BATEX — Risk / Return Rank
MMHVX
BATEX
MMHVX vs. BATEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay MacKay High Yield Municipal Bond Fund (MMHVX) 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.
| MMHVX | BATEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 0.33 | +0.31 |
Sortino ratioReturn per unit of downside risk | 0.90 | 0.49 | +0.41 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.11 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.66 | 0.39 | +0.27 |
Martin ratioReturn relative to average drawdown | 1.84 | 0.98 | +0.86 |
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
| MMHVX | BATEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 0.33 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.13 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.50 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.58 | +0.44 |
Correlation
The correlation between MMHVX and BATEX is 0.80, 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
MMHVX vs. BATEX - Dividend Comparison
MMHVX's dividend yield for the trailing twelve months is around 4.06%, less than BATEX's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMHVX MainStay MacKay High Yield Municipal Bond Fund | 4.06% | 5.31% | 3.98% | 3.28% | 3.47% | 2.71% | 3.32% | 3.83% | 3.91% | 3.92% | 4.20% | 4.40% |
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
MMHVX vs. BATEX - Drawdown Comparison
The maximum MMHVX drawdown since its inception was -20.86%, roughly equal to the maximum BATEX drawdown of -19.90%. Use the drawdown chart below to compare losses from any high point for MMHVX and BATEX.
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Drawdown Indicators
| MMHVX | BATEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.86% | -19.90% | -0.96% |
Max Drawdown (1Y)Largest decline over 1 year | -6.27% | -7.14% | +0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -20.86% | -19.90% | -0.96% |
Max Drawdown (10Y)Largest decline over 10 years | -20.86% | -19.90% | -0.96% |
Current DrawdownCurrent decline from peak | -2.94% | -2.94% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -4.08% | +0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 2.80% | -0.55% |
Volatility
MMHVX vs. BATEX - Volatility Comparison
MainStay MacKay High Yield Municipal Bond Fund (MMHVX) and BlackRock Allocation Target Shares Series E Portfolio (BATEX) have volatilities of 1.28% and 1.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMHVX | BATEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 1.31% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.09% | 2.29% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.65% | 7.69% | -1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.61% | 5.73% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.30% | 5.87% | -0.57% |