MPNIX vs. BATVX

Last updated Apr 1, 2026

Compare and contrast key facts about BNY Mellon National Intermediate Municipal Bond Fund (MPNIX) and BlackRock Allocation Target Shares (BATVX).

MPNIX is managed by BNY Mellon. It was launched on Oct 1, 2000. BATVX is managed by BlackRock. It was launched on May 20, 2021.

Performance

MPNIX vs. BATVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon National Intermediate Municipal Bond Fund (MPNIX) and BlackRock Allocation Target Shares (BATVX). The values are adjusted to include any dividend payments, if applicable.

MPNIX vs. BATVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MPNIX BNY Mellon National Intermediate Municipal Bond Fund	100.99%	6.18%	1.22%	5.21%	-7.65%	0.61%
BATVX BlackRock Allocation Target Shares	0.33%	2.80%	2.48%	1.41%	-0.10%	0.00%

Returns By Period

MPNIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BATVX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.33%
• 6M: 1.02%
• 1Y: 2.45%
• 3Y*: 2.34%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MPNIX vs. BATVX - Expense Ratio Comparison

MPNIX has a 0.50% expense ratio, which is higher than BATVX's 0.00% expense ratio.

MPNIX

BNY Mellon National Intermediate Municipal Bond Fund

BATVX

BlackRock Allocation Target Shares

Return for Risk

MPNIX vs. BATVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon National Intermediate Municipal Bond Fund (MPNIX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MPNIX	BATVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	2.29	—

Correlation

The correlation between MPNIX and BATVX is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MPNIX vs. BATVX - Dividend Comparison

MPNIX's dividend yield for the trailing twelve months is around 1.19%, less than BATVX's 2.42% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MPNIX BNY Mellon National Intermediate Municipal Bond Fund	1.19%	3.76%	2.76%	2.09%	1.86%	2.09%	2.42%	2.65%	2.54%	2.33%	3.29%	2.67%
BATVX BlackRock Allocation Target Shares	2.42%	2.76%	2.44%	1.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	MPNIX	BATVX	Difference
Max Drawdown Largest peak-to-trough decline	—	-0.20%	—
Max Drawdown (1Y) Largest decline over 1 year	—	0.00%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-0.03%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	MPNIX	BATVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	0.76%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	0.62%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	0.62%	—