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MUJ vs. BATVX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MUJ vs. BATVX

Last updated Jun 23, 2026

MUJ (BlackRock MuniHoldings New Jersey Quality Fund) and BATVX (BlackRock Allocation Target Shares) are both Municipal Bonds funds from BlackRock. Over the past 5 years, MUJ returned -0.02%/yr vs 1.51%/yr for BATVX. At a 0.09 correlation, their price movements are largely independent. MUJ charges 2.26%/yr vs 0.00%/yr for BATVX.

Performance

MUJ vs. BATVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock MuniHoldings New Jersey Quality Fund (MUJ) and BlackRock Allocation Target Shares (BATVX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MUJ achieves a 5.53% return, which is significantly higher than BATVX's 0.97% return.

MUJ

1D
-0.81%
1M
1.18%
YTD
5.53%
6M
4.05%
1Y
19.72%
3Y*
9.09%
5Y*
-0.02%
10Y*
2.43%

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)

MUJ vs. BATVX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
MUJ
BlackRock MuniHoldings New Jersey Quality Fund		5.53%13.86%2.28%7.55%-26.31%4.89%
BATVX
BlackRock Allocation Target Shares		0.97%2.80%2.48%1.41%-0.10%0.00%

Correlation

The correlation between MUJ and BATVX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.17

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

0.12

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

0.09

Correlation (All Time)
Calculated using the full available price history since May 25, 2021

0.09

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BlackRock MuniHoldings New Jersey Quality Fund

BlackRock Allocation Target Shares

Often compared with MUJ:
MUJ vs. HMKIXMUJ vs. MNOVXMUJ vs. PCDIXMUJ vs. VCLAXMUJ vs. DFABXMUJ vs. FTORXMUJ vs. MPA
Often compared with BATVX:
BATVX vs. CBTAXBATVX vs. FOHFXBATVX vs. COLTXBATVX vs. SEPAXBATVX vs. VPALXBATVX vs. PTEAXBATVX vs. NMTRX

Return for Risk

MUJ vs. BATVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MUJ
MUJ Risk / Return Rank: 5757
Overall Rank
MUJ Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
MUJ Sortino Ratio Rank: 7070
Sortino Ratio Rank
MUJ Omega Ratio Rank: 7171
Omega Ratio Rank
MUJ Calmar Ratio Rank: 3535
Calmar Ratio Rank
MUJ Martin Ratio Rank: 4242
Martin Ratio Rank
BATVX

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

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.

MUJ vs. BATVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock MuniHoldings New Jersey Quality Fund (MUJ) 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.

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.

MUJBATVXDifference
Sharpe ratioReturn per unit of total volatility
2.21
3.57

-1.36

Sortino ratioReturn per unit of downside risk
3.18

—

—

Omega ratioGain probability vs. loss probability

1.43

—

—

Calmar ratioReturn relative to maximum drawdown

2.11

—

—

Martin ratioReturn relative to average drawdown

8.46

—

—

MUJ vs. BATVX - Sharpe Ratio Comparison

The current MUJ Sharpe Ratio is 2.21, which is lower than the BATVX Sharpe Ratio of 3.57. The chart below compares the historical Sharpe Ratios of MUJ 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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Drawdowns

MUJ vs. BATVX - Drawdown Comparison

The maximum MUJ drawdown since its inception was -41.72%, which is greater than BATVX's maximum drawdown of -0.20%. Use the drawdown chart below to compare losses from any high point for MUJ and BATVX.

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Drawdown Indicators

MUJBATVXDifference

Max Drawdown

Largest peak-to-trough decline

-41.72%

-0.20%

-41.52%

Max Drawdown (1Y)

Largest decline over 1 year

-9.41%

0.00%

-9.41%

Max Drawdown (3Y)

Largest decline over 3 years

-12.17%

-0.10%

-12.07%

Max Drawdown (5Y)

Largest decline over 5 years

-32.71%

-0.20%

-32.51%

Max Drawdown (10Y)

Largest decline over 10 years

-32.71%

—

—

Current Drawdown

Current decline from peak

-2.64%

0.00%

-2.64%

Average Drawdown

Average peak-to-trough decline

-9.03%

-0.03%

-9.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.34%

0.00%

+2.34%

Volatility

MUJ vs. BATVX - Volatility Comparison

BlackRock MuniHoldings New Jersey Quality Fund (MUJ) has a higher volatility of 2.31% compared to BlackRock Allocation Target Shares (BATVX) at 0.20%. This indicates that MUJ'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

MUJBATVXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.31%

0.20%

+2.11%

Volatility (6M)

Calculated over the trailing 6-month period

6.95%

0.49%

+6.46%

Volatility (1Y)

Calculated over the trailing 1-year period

8.99%

0.73%

+8.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.37%

0.64%

+9.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.20%

0.63%

+10.57%

MUJ vs. BATVX - Expense Ratio Comparison

MUJ has a 2.26% expense ratio, which is higher than BATVX's 0.00% expense ratio.

Dividends

MUJ vs. BATVX - Dividend Comparison

MUJ's dividend yield for the trailing twelve months is around 5.30%, more than 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%
MUJ
BlackRock MuniHoldings New Jersey Quality Fund		5.30%5.45%5.53%4.13%6.40%4.77%4.78%4.03%5.34%5.55%6.00%5.69%

Frequently Asked Questions

MUJ and BATVX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MUJ has higher volatility (2.31%) compared to BATVX (0.20%). In terms of maximum drawdown, MUJ dropped -41.72% vs BATVX's -0.20%.

BATVX currently has the higher Sharpe Ratio (3.57 vs 2.21), 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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