NHMRX vs. BATEX
Compare and contrast key facts about Nuveen High Yield Municipal Bond Fund (NHMRX) and BlackRock Allocation Target Shares Series E Portfolio (BATEX).
NHMRX is managed by Nuveen. It was launched on Jun 6, 1999. BATEX is managed by BlackRock. It was launched on Aug 3, 2014.
Performance
NHMRX vs. BATEX - Performance Comparison
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NHMRX vs. BATEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NHMRX Nuveen High Yield Municipal Bond Fund | 0.08% | 3.24% | 5.62% | 7.31% | -14.96% | 10.37% | 3.25% | 12.59% | 2.06% | 12.10% |
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, NHMRX achieves a 0.08% return, which is significantly higher than BATEX's -0.39% return. Over the past 10 years, NHMRX has outperformed BATEX with an annualized return of 3.73%, while BATEX has yielded a comparatively lower 2.99% annualized return.
NHMRX
- 1D
- 0.84%
- 1M
- -2.02%
- YTD
- 0.08%
- 6M
- 1.84%
- 1Y
- 2.82%
- 3Y*
- 4.31%
- 5Y*
- 1.37%
- 10Y*
- 3.73%
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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NHMRX vs. BATEX - Expense Ratio Comparison
NHMRX has a 0.52% expense ratio, which is higher than BATEX's 0.11% expense ratio.
Return for Risk
NHMRX vs. BATEX — Risk / Return Rank
NHMRX
BATEX
NHMRX vs. BATEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen High Yield Municipal Bond Fund (NHMRX) 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.
| NHMRX | BATEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.43 | 0.29 | +0.13 |
Sortino ratioReturn per unit of downside risk | 0.61 | 0.44 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.10 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.60 | 0.43 | +0.17 |
Martin ratioReturn relative to average drawdown | 1.44 | 1.09 | +0.35 |
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
| NHMRX | BATEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 0.29 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.14 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.51 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.59 | +0.29 |
Correlation
The correlation between NHMRX and BATEX is 0.79, 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
NHMRX vs. BATEX - Dividend Comparison
NHMRX's dividend yield for the trailing twelve months is around 6.20%, more than BATEX's 4.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NHMRX Nuveen High Yield Municipal Bond Fund | 6.20% | 6.54% | 5.79% | 7.34% | 5.64% | 5.09% | 5.03% | 5.39% | 5.47% | 5.38% | 5.88% | 5.60% |
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
NHMRX vs. BATEX - Drawdown Comparison
The maximum NHMRX drawdown since its inception was -45.45%, which is greater than BATEX's maximum drawdown of -19.90%. Use the drawdown chart below to compare losses from any high point for NHMRX and BATEX.
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Drawdown Indicators
| NHMRX | BATEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.45% | -19.90% | -25.55% |
Max Drawdown (1Y)Largest decline over 1 year | -7.92% | -7.14% | -0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -21.52% | -19.90% | -1.62% |
Max Drawdown (10Y)Largest decline over 10 years | -22.22% | -19.90% | -2.32% |
Current DrawdownCurrent decline from peak | -2.42% | -2.45% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -4.08% | -1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 2.80% | +0.48% |
Volatility
NHMRX vs. BATEX - Volatility Comparison
Nuveen High Yield Municipal Bond Fund (NHMRX) has a higher volatility of 1.87% compared to BlackRock Allocation Target Shares Series E Portfolio (BATEX) at 1.45%. This indicates that NHMRX's price experiences larger fluctuations and is considered to be riskier 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
| NHMRX | BATEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.87% | 1.45% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 2.34% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.04% | 7.69% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.81% | 5.73% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.71% | 5.87% | +0.84% |