PTFSX vs. BATVX

Last updated Jun 4, 2026

PTFSX (Pacific Capital Tax Free Short Intermediate Securities Fund) and BATVX (BlackRock Allocation Target Shares) are both Municipal Bonds funds. At a 0.15 correlation, their price movements are largely independent. PTFSX charges 0.38%/yr vs 0.00%/yr for BATVX.

Performance

PTFSX vs. BATVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacific Capital Tax Free Short Intermediate Securities Fund (PTFSX) and BlackRock Allocation Target Shares (BATVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PTFSX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

PTFSX vs. BATVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PTFSX Pacific Capital Tax Free Short Intermediate Securities Fund	-0.58%	3.92%	0.58%	1.50%	-2.71%	-0.05%
BATVX BlackRock Allocation Target Shares	0.97%	2.80%	2.48%	1.41%	-0.10%	0.00%

Correlation

The correlation between PTFSX and BATVX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since May 26, 2021	0.15

Return for Risk

PTFSX vs. BATVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacific Capital Tax Free Short Intermediate Securities Fund (PTFSX) 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.

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

Sharpe Ratios by Period

	PTFSX	BATVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.57	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	2.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	2.38	—

Drawdowns

Drawdown Indicators

	PTFSX	BATVX	Difference
Max Drawdown Largest peak-to-trough decline	—	-0.20%	—
Max Drawdown (1Y) Largest decline over 1 year	—	0.00%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.10%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.20%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-0.03%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	PTFSX	BATVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	0.73%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	0.64%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	0.63%	—

PTFSX vs. BATVX - Expense Ratio Comparison

PTFSX has a 0.38% expense ratio, which is higher than BATVX's 0.00% expense ratio.

Dividends

PTFSX vs. BATVX - Dividend Comparison

PTFSX's dividend yield for the trailing twelve months is around 1.20%, less than BATVX's 2.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
PTFSX Pacific Capital Tax Free Short Intermediate Securities Fund	1.20%	1.87%	1.82%	1.39%	1.05%	1.06%	1.40%	1.81%	2.21%	1.62%	1.66%	1.04%

Frequently Asked Questions

Can I hold both PTFSX and BATVX in my portfolio?

PTFSX and BATVX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.