RFM vs. BATEX
Compare and contrast key facts about RiverNorth Flexible Municipal Income Fund (RFM) and BlackRock Allocation Target Shares Series E Portfolio (BATEX).
RFM is managed by RiverNorth. BATEX is managed by BlackRock. It was launched on Aug 3, 2014.
Performance
RFM vs. BATEX - Performance Comparison
Loading graphics...
RFM vs. BATEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RFM RiverNorth Flexible Municipal Income Fund | 2.29% | 1.59% | 3.24% | 6.50% | -22.85% | 10.85% | 15.33% |
BATEX BlackRock Allocation Target Shares Series E Portfolio | -0.89% | 3.22% | 4.74% | 6.45% | -14.23% | 8.28% | 11.45% |
Returns By Period
In the year-to-date period, RFM achieves a 2.29% return, which is significantly higher than BATEX's -0.89% return.
RFM
- 1D
- 2.04%
- 1M
- -3.44%
- YTD
- 2.29%
- 6M
- 0.79%
- 1Y
- 2.63%
- 3Y*
- 4.32%
- 5Y*
- -1.10%
- 10Y*
- —
BATEX
- 1D
- 0.20%
- 1M
- -2.94%
- YTD
- -0.89%
- 6M
- 0.45%
- 1Y
- 1.72%
- 3Y*
- 3.51%
- 5Y*
- 0.72%
- 10Y*
- 2.94%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
RFM vs. BATEX - Expense Ratio Comparison
RFM has a 5.15% expense ratio, which is higher than BATEX's 0.11% expense ratio.
Return for Risk
RFM vs. BATEX — Risk / Return Rank
RFM
BATEX
RFM vs. BATEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverNorth Flexible Municipal Income Fund (RFM) 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.
| RFM | BATEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.25 | 0.33 | -0.08 |
Sortino ratioReturn per unit of downside risk | 0.39 | 0.49 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.11 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.26 | 0.39 | -0.12 |
Martin ratioReturn relative to average drawdown | 0.69 | 0.98 | -0.29 |
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
| RFM | BATEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.25 | 0.33 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 0.13 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.58 | -0.42 |
Correlation
The correlation between RFM and BATEX is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
RFM vs. BATEX - Dividend Comparison
RFM's dividend yield for the trailing twelve months is around 7.91%, more than BATEX's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RFM RiverNorth Flexible Municipal Income Fund | 7.91% | 8.07% | 7.70% | 7.64% | 8.38% | 10.49% | 5.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BATEX BlackRock Allocation Target Shares Series E Portfolio | 4.73% | 5.01% | 3.74% | 2.98% | 5.41% | 3.29% | 3.50% | 3.80% | 4.75% | 2.88% | 0.98% | 0.13% |
Drawdowns
RFM vs. BATEX - Drawdown Comparison
The maximum RFM drawdown since its inception was -35.49%, which is greater than BATEX's maximum drawdown of -19.90%. Use the drawdown chart below to compare losses from any high point for RFM and BATEX.
Loading graphics...
Drawdown Indicators
| RFM | BATEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.49% | -19.90% | -15.59% |
Max Drawdown (1Y)Largest decline over 1 year | -8.80% | -7.14% | -1.66% |
Max Drawdown (5Y)Largest decline over 5 years | -35.49% | -19.90% | -15.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.90% | — |
Current DrawdownCurrent decline from peak | -16.02% | -2.94% | -13.08% |
Average DrawdownAverage peak-to-trough decline | -14.77% | -4.08% | -10.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 2.80% | +0.56% |
Volatility
RFM vs. BATEX - Volatility Comparison
RiverNorth Flexible Municipal Income Fund (RFM) has a higher volatility of 4.28% compared to BlackRock Allocation Target Shares Series E Portfolio (BATEX) at 1.31%. This indicates that RFM'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.
Loading graphics...
Volatility by Period
| RFM | BATEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 1.31% | +2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 6.89% | 2.29% | +4.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.58% | 7.69% | +2.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.85% | 5.73% | +7.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.75% | 5.87% | +6.88% |