WITAX vs. BATVX

Last updated Apr 1, 2026

Compare and contrast key facts about Segall Bryant & Hamill Municipal Opportunities Fund (WITAX) and BlackRock Allocation Target Shares (BATVX).

WITAX is managed by Segall Bryant & Hamill. It was launched on Dec 15, 2016. BATVX is managed by BlackRock. It was launched on May 20, 2021.

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.

WITAX vs. BATVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WITAX Segall Bryant & Hamill Municipal Opportunities Fund	-0.07%	5.32%	3.09%	5.50%	-11.11%	1.46%
BATVX BlackRock Allocation Target Shares	0.33%	2.80%	2.48%	1.41%	-0.10%	0.00%

Returns By Period

In the year-to-date period, WITAX achieves a -0.07% return, which is significantly lower than BATVX's 0.33% return.

WITAX

• 1D: 0.21%
• 1M: -1.82%
• YTD: -0.07%
• 6M: 1.47%
• 1Y: 4.35%
• 3Y*: 4.05%
• 5Y*: 0.94%
• 10Y*: —

BATVX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.33%
• 6M: 1.02%
• 1Y: 2.45%
• 3Y*: 2.34%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WITAX vs. BATVX - Expense Ratio Comparison

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

WITAX

Segall Bryant & Hamill Municipal Opportunities Fund

BATVX

BlackRock Allocation Target Shares

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: 79
WITAX Sharpe Ratio Rank: 84
WITAX Sortino Ratio Rank: 81
WITAX Omega Ratio Rank: 91
WITAX Calmar Ratio Rank: 72
WITAX Martin Ratio Rank: 66

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.

	WITAX	BATVX	Difference
Sharpe ratio Return per unit of total volatility	1.61	3.56	-1.95
Sortino ratio Return per unit of downside risk	2.09	—	—
Omega ratio Gain probability vs. loss probability	1.42	—	—
Calmar ratio Return relative to maximum drawdown	1.70	—	—
Martin ratio Return relative to average drawdown	6.28	—	—
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 1.61, which is lower than the BATVX Sharpe Ratio of 3.56. The chart below compares the historical Sharpe Ratios of WITAX and BATVX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WITAX	BATVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	3.56	-1.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	2.29	-1.31

Correlation

The correlation between WITAX and BATVX is 0.04, 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

WITAX vs. BATVX - Dividend Comparison

WITAX's dividend yield for the trailing twelve months is around 3.22%, more than BATVX's 2.42% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
WITAX Segall Bryant & Hamill Municipal Opportunities Fund	3.22%	3.49%	3.68%	3.61%	3.17%	2.75%	3.30%	4.19%	3.56%	3.76%
BATVX BlackRock Allocation Target Shares	2.42%	2.76%	2.44%	1.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

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.

Drawdown Indicators

	WITAX	BATVX	Difference
Max Drawdown Largest peak-to-trough decline	-13.87%	-0.20%	-13.67%
Max Drawdown (1Y) Largest decline over 1 year	-2.89%	0.00%	-2.89%
Max Drawdown (5Y) Largest decline over 5 years	-13.87%	—	—
Current Drawdown Current decline from peak	-1.82%	0.00%	-1.82%
Average Drawdown Average peak-to-trough decline	-2.97%	-0.03%	-2.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	0.00%	+0.78%

Volatility

WITAX vs. BATVX - Volatility Comparison

Segall Bryant & Hamill Municipal Opportunities Fund (WITAX) has a higher volatility of 0.78% compared to BlackRock Allocation Target Shares (BATVX) at 0.00%. 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.

Volatility by Period

	WITAX	BATVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.78%	0.00%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	1.17%	0.51%	+0.66%
Volatility (1Y) Calculated over the trailing 1-year period	2.86%	0.76%	+2.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.88%	0.62%	+2.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.12%	0.62%	+2.50%