MMHYX vs. BATEX
Compare and contrast key facts about MFS Municipal High Income Fund (MMHYX) and BlackRock Allocation Target Shares Series E Portfolio (BATEX).
MMHYX is managed by MFS. It was launched on Feb 23, 1984. BATEX is managed by BlackRock. It was launched on Aug 3, 2014.
Performance
MMHYX vs. BATEX - Performance Comparison
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MMHYX vs. BATEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MMHYX MFS Municipal High Income Fund | -0.10% | 5.02% | 6.72% | 5.30% | -14.64% | 5.31% | 3.39% | 9.94% | 2.09% | 7.66% |
BATEX BlackRock Allocation Target Shares Series E Portfolio | -0.39% | 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, MMHYX achieves a -0.10% return, which is significantly higher than BATEX's -0.39% return. Over the past 10 years, MMHYX has underperformed BATEX with an annualized return of 2.78%, while BATEX has yielded a comparatively higher 2.99% annualized return.
MMHYX
- 1D
- 0.41%
- 1M
- -1.99%
- YTD
- -0.10%
- 6M
- 1.57%
- 1Y
- 3.37%
- 3Y*
- 4.84%
- 5Y*
- 0.89%
- 10Y*
- 2.78%
BATEX
- 1D
- 0.51%
- 1M
- -2.17%
- YTD
- -0.39%
- 6M
- 0.76%
- 1Y
- 1.94%
- 3Y*
- 3.68%
- 5Y*
- 0.78%
- 10Y*
- 2.99%
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MMHYX vs. BATEX - Expense Ratio Comparison
MMHYX has a 0.61% expense ratio, which is higher than BATEX's 0.11% expense ratio.
Return for Risk
MMHYX vs. BATEX — Risk / Return Rank
MMHYX
BATEX
MMHYX vs. BATEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Municipal High Income Fund (MMHYX) 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.
| MMHYX | BATEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.65 | 0.29 | +0.35 |
Sortino ratioReturn per unit of downside risk | 0.89 | 0.44 | +0.45 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.10 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.83 | 0.43 | +0.40 |
Martin ratioReturn relative to average drawdown | 2.42 | 1.09 | +1.33 |
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
| MMHYX | BATEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 0.29 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.14 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.51 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.59 | +0.52 |
Correlation
The correlation between MMHYX 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
MMHYX vs. BATEX - Dividend Comparison
MMHYX's dividend yield for the trailing twelve months is around 4.37%, less than BATEX's 4.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMHYX MFS Municipal High Income Fund | 4.37% | 5.77% | 3.91% | 3.59% | 3.03% | 2.95% | 3.57% | 3.99% | 4.18% | 4.38% | 4.31% | 4.64% |
BATEX BlackRock Allocation Target Shares Series E Portfolio | 4.70% | 5.01% | 3.74% | 2.98% | 5.41% | 3.29% | 3.50% | 3.80% | 4.75% | 2.88% | 0.98% | 0.13% |
Drawdowns
MMHYX vs. BATEX - Drawdown Comparison
The maximum MMHYX drawdown since its inception was -23.28%, which is greater than BATEX's maximum drawdown of -19.90%. Use the drawdown chart below to compare losses from any high point for MMHYX and BATEX.
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Drawdown Indicators
| MMHYX | BATEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.28% | -19.90% | -3.38% |
Max Drawdown (1Y)Largest decline over 1 year | -5.86% | -7.14% | +1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -19.89% | -19.90% | +0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -19.89% | -19.90% | +0.01% |
Current DrawdownCurrent decline from peak | -2.38% | -2.45% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -2.89% | -4.08% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 2.80% | -0.80% |
Volatility
MMHYX vs. BATEX - Volatility Comparison
The current volatility for MFS Municipal High Income Fund (MMHYX) is 1.27%, while BlackRock Allocation Target Shares Series E Portfolio (BATEX) has a volatility of 1.45%. This indicates that MMHYX 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
| MMHYX | BATEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 1.45% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.05% | 2.34% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.98% | 7.69% | -1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.90% | 5.73% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.82% | 5.87% | -1.05% |