RTHAX vs. BATEX
Compare and contrast key facts about Russell Investments Tax-Exempt High Yield Bond Fund (RTHAX) and BlackRock Allocation Target Shares Series E Portfolio (BATEX).
RTHAX is managed by Russell. It was launched on May 31, 2015. BATEX is managed by BlackRock. It was launched on Aug 3, 2014.
Performance
RTHAX vs. BATEX - Performance Comparison
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RTHAX vs. BATEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RTHAX Russell Investments Tax-Exempt High Yield Bond Fund | -0.36% | 2.11% | 4.49% | 7.78% | -13.62% | 5.54% | 3.84% | 10.18% | 3.20% | 8.19% |
BATEX BlackRock Allocation Target Shares Series E Portfolio | -0.89% | 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, RTHAX achieves a -0.36% return, which is significantly higher than BATEX's -0.89% return. Both investments have delivered pretty close results over the past 10 years, with RTHAX having a 2.84% annualized return and BATEX not far ahead at 2.94%.
RTHAX
- 1D
- 0.21%
- 1M
- -2.54%
- YTD
- -0.36%
- 6M
- 1.02%
- 1Y
- 1.76%
- 3Y*
- 3.63%
- 5Y*
- 0.53%
- 10Y*
- 2.84%
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%
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RTHAX vs. BATEX - Expense Ratio Comparison
RTHAX has a 0.89% expense ratio, which is higher than BATEX's 0.11% expense ratio.
Return for Risk
RTHAX vs. BATEX — Risk / Return Rank
RTHAX
BATEX
RTHAX vs. BATEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investments Tax-Exempt High Yield Bond Fund (RTHAX) 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.
| RTHAX | BATEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.30 | 0.33 | -0.03 |
Sortino ratioReturn per unit of downside risk | 0.44 | 0.49 | -0.05 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.11 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.35 | 0.39 | -0.04 |
Martin ratioReturn relative to average drawdown | 0.92 | 0.98 | -0.06 |
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
| RTHAX | BATEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 0.33 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.13 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.50 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.58 | +0.04 |
Correlation
The correlation between RTHAX and BATEX is 0.75, 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
RTHAX vs. BATEX - Dividend Comparison
RTHAX's dividend yield for the trailing twelve months is around 4.27%, less than BATEX's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RTHAX Russell Investments Tax-Exempt High Yield Bond Fund | 4.27% | 3.60% | 4.02% | 3.97% | 3.64% | 2.80% | 3.10% | 3.83% | 3.86% | 3.44% | 4.06% | 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
RTHAX vs. BATEX - Drawdown Comparison
The maximum RTHAX drawdown since its inception was -18.89%, smaller than the maximum BATEX drawdown of -19.90%. Use the drawdown chart below to compare losses from any high point for RTHAX and BATEX.
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Drawdown Indicators
| RTHAX | BATEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.89% | -19.90% | +1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -7.14% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -18.89% | -19.90% | +1.01% |
Max Drawdown (10Y)Largest decline over 10 years | -18.89% | -19.90% | +1.01% |
Current DrawdownCurrent decline from peak | -2.54% | -2.94% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -4.08% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.80% | -0.31% |
Volatility
RTHAX vs. BATEX - Volatility Comparison
The current volatility for Russell Investments Tax-Exempt High Yield Bond Fund (RTHAX) is 1.14%, while BlackRock Allocation Target Shares Series E Portfolio (BATEX) has a volatility of 1.31%. This indicates that RTHAX 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
| RTHAX | BATEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 1.31% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 1.62% | 2.29% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.87% | 7.69% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.08% | 5.73% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.96% | 5.87% | -0.91% |