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MYN vs. BATVX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MYN vs. BATVX

Last updated Jun 5, 2026

MYN (BlackRock MuniYield New York Quality Fund) and BATVX (BlackRock Allocation Target Shares) are both Municipal Bonds funds from BlackRock. Over the past 5 years, MYN returned -1.54%/yr vs 1.51%/yr for BATVX. At a 0.09 correlation, their price movements are largely independent. MYN charges 2.24%/yr vs 0.00%/yr for BATVX.

Performance

MYN vs. BATVX - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, MYN achieves a 3.94% return, which is significantly higher than BATVX's 0.97% return.

MYN

1D
0.40%
1M
1.12%
YTD
3.94%
6M
1.71%
1Y
12.26%
3Y*
6.31%
5Y*
-1.54%
10Y*
1.28%

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)

MYN vs. BATVX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
MYN
BlackRock MuniYield New York Quality Fund		3.94%4.67%2.87%9.80%-27.05%3.96%
BATVX
BlackRock Allocation Target Shares		0.97%2.80%2.48%1.41%-0.10%0.00%

Correlation

The correlation between MYN and BATVX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.21

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

0.14

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

0.09

Correlation (All Time)
Calculated using the full available price history since May 26, 2021

0.09

The correlation between MYN and BATVX shifts across timeframes, from 0.09 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.

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BlackRock MuniYield New York Quality Fund

BlackRock Allocation Target Shares

Often compared with MYN:
MYN vs. NNYMYN vs. PZTMYN vs. MUCMYN vs. FHMIXMYN vs. DFSMXMYN vs. USMTXMYN vs. ECAT
Often compared with BATVX:
BATVX vs. CBTAXBATVX vs. COLTXBATVX vs. FOHFXBATVX vs. SEPAXBATVX vs. VPALXBATVX vs. NMTRXBATVX vs. PTEAX

Return for Risk

MYN vs. BATVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MYN
MYN Risk / Return Rank: 2828
Overall Rank
MYN Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
MYN Sortino Ratio Rank: 2929
Sortino Ratio Rank
MYN Omega Ratio Rank: 2626
Omega Ratio Rank
MYN Calmar Ratio Rank: 2929
Calmar Ratio Rank
MYN Martin Ratio Rank: 3030
Martin Ratio Rank
BATVX
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.

MYN vs. BATVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock MuniYield New York Quality Fund (MYN) 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.

MYNBATVXDifference
Sharpe ratioReturn per unit of total volatility
1.40
3.57

-2.17

Sortino ratioReturn per unit of downside risk
2.13

—

—

Omega ratioGain probability vs. loss probability

1.26

—

—

Calmar ratioReturn relative to maximum drawdown

1.92

—

—

Martin ratioReturn relative to average drawdown

6.71

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MYN vs. BATVX - Sharpe Ratio Comparison

The current MYN Sharpe Ratio is 1.40, which is lower than the BATVX Sharpe Ratio of 3.57. The chart below compares the historical Sharpe Ratios of MYN 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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Sharpe Ratios by Period

MYNBATVXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.40

3.57

-2.17

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.14

2.39

-2.52

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.11

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.24

2.38

-2.14

Drawdowns

MYN vs. BATVX - Drawdown Comparison

The maximum MYN drawdown since its inception was -42.89%, which is greater than BATVX's maximum drawdown of -0.20%. Use the drawdown chart below to compare losses from any high point for MYN and BATVX.

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Drawdown Indicators

MYNBATVXDifference

Max Drawdown

Largest peak-to-trough decline

-42.89%

-0.20%

-42.69%

Max Drawdown (1Y)

Largest decline over 1 year

-6.40%

0.00%

-6.40%

Max Drawdown (3Y)

Largest decline over 3 years

-16.65%

-0.10%

-16.55%

Max Drawdown (5Y)

Largest decline over 5 years

-35.99%

-0.20%

-35.79%

Max Drawdown (10Y)

Largest decline over 10 years

-35.99%

—

—

Current Drawdown

Current decline from peak

-12.02%

0.00%

-12.02%

Average Drawdown

Average peak-to-trough decline

-10.50%

-0.03%

-10.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.84%

0.00%

+1.84%

Volatility

MYN vs. BATVX - Volatility Comparison

BlackRock MuniYield New York Quality Fund (MYN) has a higher volatility of 3.25% compared to BlackRock Allocation Target Shares (BATVX) at 0.20%. This indicates that MYN'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

MYNBATVXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.25%

0.20%

+3.05%

Volatility (6M)

Calculated over the trailing 6-month period

6.81%

0.49%

+6.32%

Volatility (1Y)

Calculated over the trailing 1-year period

8.83%

0.73%

+8.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.16%

0.64%

+10.52%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.40%

0.63%

+10.77%

MYN vs. BATVX - Expense Ratio Comparison

MYN has a 2.24% expense ratio, which is higher than BATVX's 0.00% expense ratio.

Dividends

MYN vs. BATVX - Dividend Comparison

MYN's dividend yield for the trailing twelve months is around 6.12%, 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%
MYN
BlackRock MuniYield New York Quality Fund		6.12%6.20%5.47%3.88%5.37%4.39%4.16%3.90%4.32%4.98%5.44%5.62%

Frequently Asked Questions

MYN and BATVX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MYN has higher volatility (3.25%) compared to BATVX (0.20%). In terms of maximum drawdown, MYN dropped -42.89% vs BATVX's -0.20%.

BATVX currently has the higher Sharpe Ratio (3.57 vs 1.40), 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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