PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
WITAX vs. BATVX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WITAX vs. BATVX

Last updated Jun 3, 2026

WITAX (Segall Bryant & Hamill Municipal Opportunities Fund) and BATVX (BlackRock Allocation Target Shares) are both Municipal Bonds funds. Over the past 5 years, WITAX returned 0.91%/yr vs 1.51%/yr for BATVX. At a 0.05 correlation, their price movements are largely independent. WITAX charges 0.50%/yr vs 0.00%/yr for BATVX.

Performance

WITAX vs. BATVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Segall Bryant & Hamill Municipal Opportunities Fund (WITAX) and BlackRock Allocation Target Shares (BATVX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, WITAX achieves a 1.43% return, which is significantly higher than BATVX's 0.97% return.

WITAX

1D
0.00%
1M
0.49%
YTD
1.43%
6M
1.77%
1Y
6.41%
3Y*
4.65%
5Y*
0.91%
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)

WITAX vs. BATVX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
WITAX
Segall Bryant & Hamill Municipal Opportunities Fund		1.43%5.32%3.09%5.50%-11.11%1.46%
BATVX
BlackRock Allocation Target Shares		0.97%2.80%2.48%1.41%-0.10%0.00%

Correlation

The correlation between WITAX and BATVX is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.10

Correlation (3Y)
Calculated over the trailing 3-year period

0.05

Correlation (5Y)
Calculated over the trailing 5-year period

0.05

Correlation (All Time)
Calculated using the full available price history since May 26, 2021

0.05

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Segall Bryant & Hamill Municipal Opportunities Fund

BlackRock Allocation Target Shares

Often compared with WITAX:
WITAX vs. SBAPXWITAX vs. SBASXWITAX vs. WTLTXWITAX vs. SBHAXWITAX vs. SBSIXWITAX vs. WTIBXWITAX vs. WTCOX
Often compared with BATVX:
BATVX vs. CBTAXBATVX vs. COLTXBATVX vs. FOHFXBATVX vs. SEPAXBATVX vs. VPALXBATVX vs. NMTRXBATVX vs. PTEAX

Return for Risk

WITAX vs. BATVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WITAX
WITAX Risk / Return Rank: 8282
Overall Rank
WITAX Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
WITAX Sortino Ratio Rank: 9696
Sortino Ratio Rank
WITAX Omega Ratio Rank: 9696
Omega Ratio Rank
WITAX Calmar Ratio Rank: 6565
Calmar Ratio Rank
WITAX Martin Ratio Rank: 5959
Martin Ratio Rank
BATVX
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WITAX vs. BATVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Segall Bryant & Hamill Municipal Opportunities Fund (WITAX) 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.

WITAXBATVXDifference

Sharpe ratio

Return per unit of total volatility

3.41

3.57

-0.16

Sortino ratio

Return per unit of downside risk

5.41

—

—

Omega ratio

Gain probability vs. loss probability

1.84

—

—

Calmar ratio

Return relative to maximum drawdown

3.11

—

—

Martin ratio

Return relative to average drawdown

11.84

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WITAX vs. BATVX - Sharpe Ratio Comparison

The current WITAX Sharpe Ratio is 3.41, which is comparable to the BATVX Sharpe Ratio of 3.57. The chart below compares the historical Sharpe Ratios of WITAX and BATVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

WITAXBATVXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.41

3.57

-0.16

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.32

2.39

-2.07

Sharpe Ratio (All Time)

Calculated using the full available price history

1.02

2.38

-1.36

Drawdowns

WITAX vs. BATVX - Drawdown Comparison

The maximum WITAX drawdown since its inception was -13.87%, which is greater than BATVX's maximum drawdown of -0.20%. Use the drawdown chart below to compare losses from any high point for WITAX and BATVX.

Loading charts...

Drawdown Indicators

WITAXBATVXDifference

Max Drawdown

Largest peak-to-trough decline

-13.87%

-0.20%

-13.67%

Max Drawdown (1Y)

Largest decline over 1 year

-2.02%

0.00%

-2.02%

Max Drawdown (3Y)

Largest decline over 3 years

-3.27%

-0.10%

-3.17%

Max Drawdown (5Y)

Largest decline over 5 years

-13.87%

-0.20%

-13.67%

Current Drawdown

Current decline from peak

-0.35%

0.00%

-0.35%

Average Drawdown

Average peak-to-trough decline

-2.94%

-0.03%

-2.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.53%

0.00%

+0.53%

Volatility

WITAX vs. BATVX - Volatility Comparison

Segall Bryant & Hamill Municipal Opportunities Fund (WITAX) has a higher volatility of 0.73% compared to BlackRock Allocation Target Shares (BATVX) at 0.20%. This indicates that WITAX's price experiences larger fluctuations and is considered to be riskier than BATVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

WITAXBATVXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.73%

0.20%

+0.53%

Volatility (6M)

Calculated over the trailing 6-month period

1.39%

0.54%

+0.85%

Volatility (1Y)

Calculated over the trailing 1-year period

1.86%

0.73%

+1.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.90%

0.64%

+2.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.11%

0.63%

+2.48%

WITAX vs. BATVX - Expense Ratio Comparison

WITAX has a 0.50% expense ratio, which is higher than BATVX's 0.00% expense ratio.

Dividends

WITAX vs. BATVX - Dividend Comparison

WITAX's dividend yield for the trailing twelve months is around 3.19%, more than BATVX's 2.55% yield.

PositionTTM202520242023202220212020201920182017
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%
WITAX
Segall Bryant & Hamill Municipal Opportunities Fund		3.19%3.49%3.68%3.61%3.17%2.75%3.30%4.19%3.56%3.76%

Frequently Asked Questions

WITAX and BATVX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

WITAX has higher volatility (0.73%) compared to BATVX (0.20%). In terms of maximum drawdown, WITAX dropped -13.87% vs BATVX's -0.20%.

BATVX currently has the higher Sharpe Ratio (3.57 vs 3.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for WITAX and BATVX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer