NSIOX vs. BATEX
Compare and contrast key facts about Nuveen Strategic Municipal Opportunities Fund (NSIOX) and BlackRock Allocation Target Shares Series E Portfolio (BATEX).
NSIOX is managed by Nuveen. It was launched on Dec 15, 2014. BATEX is managed by BlackRock. It was launched on Aug 3, 2014.
Performance
NSIOX vs. BATEX - Performance Comparison
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NSIOX vs. BATEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NSIOX Nuveen Strategic Municipal Opportunities Fund | -0.07% | 3.19% | 4.61% | 7.17% | -13.81% | 5.21% | 6.82% | 10.07% | 3.31% | 9.77% |
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, NSIOX achieves a -0.07% return, which is significantly higher than BATEX's -0.39% return. Both investments have delivered pretty close results over the past 10 years, with NSIOX having a 3.13% annualized return and BATEX not far behind at 2.99%.
NSIOX
- 1D
- 0.60%
- 1M
- -1.83%
- YTD
- -0.07%
- 6M
- 1.30%
- 1Y
- 2.71%
- 3Y*
- 3.99%
- 5Y*
- 0.75%
- 10Y*
- 3.13%
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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NSIOX vs. BATEX - Expense Ratio Comparison
NSIOX has a 0.56% expense ratio, which is higher than BATEX's 0.11% expense ratio.
Return for Risk
NSIOX vs. BATEX — Risk / Return Rank
NSIOX
BATEX
NSIOX vs. BATEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Strategic Municipal Opportunities Fund (NSIOX) 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.
| NSIOX | BATEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | 0.29 | +0.29 |
Sortino ratioReturn per unit of downside risk | 0.80 | 0.44 | +0.36 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.10 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.78 | 0.43 | +0.35 |
Martin ratioReturn relative to average drawdown | 2.20 | 1.09 | +1.11 |
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
| NSIOX | BATEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 0.29 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.14 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.51 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.59 | +0.16 |
Correlation
The correlation between NSIOX 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
NSIOX vs. BATEX - Dividend Comparison
NSIOX's dividend yield for the trailing twelve months is around 4.63%, less than BATEX's 4.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NSIOX Nuveen Strategic Municipal Opportunities Fund | 4.63% | 4.53% | 3.91% | 3.85% | 4.20% | 4.25% | 2.88% | 3.25% | 3.12% | 3.22% | 4.09% | 2.48% |
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
NSIOX vs. BATEX - Drawdown Comparison
The maximum NSIOX drawdown since its inception was -18.38%, smaller than the maximum BATEX drawdown of -19.90%. Use the drawdown chart below to compare losses from any high point for NSIOX and BATEX.
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Drawdown Indicators
| NSIOX | BATEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.38% | -19.90% | +1.52% |
Max Drawdown (1Y)Largest decline over 1 year | -5.20% | -7.14% | +1.94% |
Max Drawdown (5Y)Largest decline over 5 years | -18.38% | -19.90% | +1.52% |
Max Drawdown (10Y)Largest decline over 10 years | -18.38% | -19.90% | +1.52% |
Current DrawdownCurrent decline from peak | -2.12% | -2.45% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -4.08% | +0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 2.80% | -0.97% |
Volatility
NSIOX vs. BATEX - Volatility Comparison
The current volatility for Nuveen Strategic Municipal Opportunities Fund (NSIOX) is 1.25%, while BlackRock Allocation Target Shares Series E Portfolio (BATEX) has a volatility of 1.45%. This indicates that NSIOX 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
| NSIOX | BATEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.45% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 1.91% | 2.34% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.23% | 7.69% | -2.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 5.73% | -1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 5.87% | -1.19% |