RWMIX vs. BATEX
Compare and contrast key facts about Redwood Managed Municipal Income Fund (RWMIX) and BlackRock Allocation Target Shares Series E Portfolio (BATEX).
RWMIX is managed by Redwood. It was launched on Mar 8, 2017. BATEX is managed by BlackRock. It was launched on Aug 3, 2014.
Performance
RWMIX vs. BATEX - Performance Comparison
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RWMIX vs. BATEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RWMIX Redwood Managed Municipal Income Fund | 0.01% | -2.18% | 2.69% | 3.77% | -9.56% | 4.28% | 0.13% | 10.09% | 0.30% | 3.08% |
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% | 3.25% |
Returns By Period
In the year-to-date period, RWMIX achieves a 0.01% return, which is significantly higher than BATEX's -0.39% return.
RWMIX
- 1D
- -0.01%
- 1M
- -1.88%
- YTD
- 0.01%
- 6M
- 0.93%
- 1Y
- -1.25%
- 3Y*
- 0.91%
- 5Y*
- -0.57%
- 10Y*
- —
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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RWMIX vs. BATEX - Expense Ratio Comparison
RWMIX has a 1.00% expense ratio, which is higher than BATEX's 0.11% expense ratio.
Return for Risk
RWMIX vs. BATEX — Risk / Return Rank
RWMIX
BATEX
RWMIX vs. BATEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Redwood Managed Municipal Income Fund (RWMIX) 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.
| RWMIX | BATEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.25 | 0.29 | -0.54 |
Sortino ratioReturn per unit of downside risk | -0.25 | 0.44 | -0.69 |
Omega ratioGain probability vs. loss probability | 0.92 | 1.10 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | -0.18 | 0.43 | -0.61 |
Martin ratioReturn relative to average drawdown | -0.26 | 1.09 | -1.35 |
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
| RWMIX | BATEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 0.29 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | 0.14 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.59 | -0.22 |
Correlation
The correlation between RWMIX and BATEX is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
RWMIX vs. BATEX - Dividend Comparison
RWMIX's dividend yield for the trailing twelve months is around 3.58%, less than BATEX's 4.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWMIX Redwood Managed Municipal Income Fund | 3.58% | 2.67% | 4.08% | 2.80% | 1.02% | 6.80% | 2.16% | 3.36% | 2.13% | 2.06% | 0.00% | 0.00% |
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
RWMIX vs. BATEX - Drawdown Comparison
The maximum RWMIX drawdown since its inception was -12.90%, smaller than the maximum BATEX drawdown of -19.90%. Use the drawdown chart below to compare losses from any high point for RWMIX and BATEX.
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Drawdown Indicators
| RWMIX | BATEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.90% | -19.90% | +7.00% |
Max Drawdown (1Y)Largest decline over 1 year | -5.56% | -7.14% | +1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -12.90% | -19.90% | +7.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.90% | — |
Current DrawdownCurrent decline from peak | -7.10% | -2.45% | -4.65% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -4.08% | -0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.76% | 2.80% | +0.96% |
Volatility
RWMIX vs. BATEX - Volatility Comparison
The current volatility for Redwood Managed Municipal Income Fund (RWMIX) is 1.08%, while BlackRock Allocation Target Shares Series E Portfolio (BATEX) has a volatility of 1.45%. This indicates that RWMIX 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
| RWMIX | BATEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.45% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 1.56% | 2.34% | -0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 7.69% | -3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.92% | 5.73% | -1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.54% | 5.87% | -2.33% |