PHMIX vs. BATEX
Compare and contrast key facts about PIMCO High Yield Municipal Bond Fund (PHMIX) and BlackRock Allocation Target Shares Series E Portfolio (BATEX).
PHMIX is managed by PIMCO. It was launched on Jul 30, 2006. BATEX is managed by BlackRock. It was launched on Aug 3, 2014.
Performance
PHMIX vs. BATEX - Performance Comparison
Loading graphics...
PHMIX vs. BATEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHMIX PIMCO High Yield Municipal Bond Fund | 0.04% | 5.00% | 5.33% | 8.97% | -13.90% | 5.51% | 6.21% | 10.77% | 2.28% | 9.83% |
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, PHMIX achieves a 0.04% return, which is significantly higher than BATEX's -0.39% return. Over the past 10 years, PHMIX has outperformed BATEX with an annualized return of 3.70%, while BATEX has yielded a comparatively lower 2.99% annualized return.
PHMIX
- 1D
- 0.36%
- 1M
- -2.00%
- YTD
- 0.04%
- 6M
- 0.99%
- 1Y
- 3.34%
- 3Y*
- 5.46%
- 5Y*
- 1.65%
- 10Y*
- 3.70%
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%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PHMIX vs. BATEX - Expense Ratio Comparison
PHMIX has a 0.55% expense ratio, which is higher than BATEX's 0.11% expense ratio.
Return for Risk
PHMIX vs. BATEX — Risk / Return Rank
PHMIX
BATEX
PHMIX vs. BATEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO High Yield Municipal Bond Fund (PHMIX) 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.
| PHMIX | BATEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | 0.29 | +0.37 |
Sortino ratioReturn per unit of downside risk | 0.91 | 0.44 | +0.47 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.10 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.93 | 0.43 | +0.50 |
Martin ratioReturn relative to average drawdown | 2.66 | 1.09 | +1.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PHMIX | BATEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 0.29 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.14 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.51 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.59 | +0.26 |
Correlation
The correlation between PHMIX and BATEX is 0.77, 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
PHMIX vs. BATEX - Dividend Comparison
PHMIX's dividend yield for the trailing twelve months is around 4.58%, less than BATEX's 4.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHMIX PIMCO High Yield Municipal Bond Fund | 4.58% | 5.91% | 5.33% | 4.71% | 3.39% | 3.84% | 3.62% | 4.38% | 4.41% | 4.22% | 4.12% | 4.46% |
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
PHMIX vs. BATEX - Drawdown Comparison
The maximum PHMIX drawdown since its inception was -35.54%, which is greater than BATEX's maximum drawdown of -19.90%. Use the drawdown chart below to compare losses from any high point for PHMIX and BATEX.
Loading graphics...
Drawdown Indicators
| PHMIX | BATEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -19.90% | -15.64% |
Max Drawdown (1Y)Largest decline over 1 year | -5.41% | -7.14% | +1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -18.96% | -19.90% | +0.94% |
Max Drawdown (10Y)Largest decline over 10 years | -18.96% | -19.90% | +0.94% |
Current DrawdownCurrent decline from peak | -2.35% | -2.45% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -4.08% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 2.80% | -0.91% |
Volatility
PHMIX vs. BATEX - Volatility Comparison
The current volatility for PIMCO High Yield Municipal Bond Fund (PHMIX) is 1.36%, while BlackRock Allocation Target Shares Series E Portfolio (BATEX) has a volatility of 1.45%. This indicates that PHMIX 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.
Loading graphics...
Volatility by Period
| PHMIX | BATEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 1.45% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.17% | 2.34% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.69% | 7.69% | -2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.83% | 5.73% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 5.87% | -1.19% |