Blackrock Municipal Target Term Closed Fund

10-Year Study

BTT.US · Financial Services · US · Common Stock

Executive Summary: Blackrock Municipal Target Term Closed Fund has compounded at 3.1% annually over the last 10 years, with a maximum drawdown of 21.2% and an annualized volatility of 7.9%.

1Y CAGR
+10.1%
3Y CAGR
+6.2%
5Y CAGR
+0.3%
10Y CAGR
+3.1%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
21.2%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.09
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-0.12
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
9.3%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2019 · +21.8%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -15.2%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
80%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20260.10.9-1.01.1————————1.0%
20252.42.3-1.00.31.02.51.41.20.61.1-0.51.613.7%
20242.9-1.50.5-2.50.21.71.91.51.3-1.71.3-3.71.6%
20234.6-4.12.5-1.4-2.70.51.3-2.8-4.40.07.30.60.7%
2022-3.2-0.8-4.4-5.85.1-4.67.1-6.1-7.10.56.0-1.8-15.2%
20211.3-2.91.32.6-0.11.40.40.4-2.70.8-0.31.93.9%
20201.8-0.6-6.6-1.87.00.54.60.21.2-0.31.32.49.5%
20196.11.91.11.61.71.91.41.8-0.51.20.21.621.8%
2018-3.90.10.1-0.21.90.4-0.3-0.0-2.8-3.21.22.0-4.6%
20174.6-0.10.22.11.7-0.50.4-0.8-0.7-1.60.70.46.5%
2016———2.00.34.20.5-0.21.0-4.3-6.01.1-1.9%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 7.9%. The dominant macroeconomic risk driver is LQD.US, accounting for 28.4% of variance. Idiosyncratic stock-specific factors contribute 28.9%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110196.110200970948
2016-05-0110226.414867889654
2016-06-0110656.981175100966
2016-07-0110710.149363001901
2016-08-0110683.565269051434
2016-09-0110790.681764991807
2016-10-0110331.491049621642
2016-11-019709.615280753234
2016-12-019812.351102069719
2017-01-0110266.501041160338
2017-02-0110257.67968267113
2017-03-0110281.203305309016
2017-04-0110494.836204775534
2017-05-0110673.72375345803
2017-06-0110622.955935214022
2017-07-0110660.82176655205
2017-08-0110579.209198216526
2017-09-0110505.817895955977
2017-10-0110339.292251006655
2017-11-0110414.483830509898
2017-12-0110452.409671089346
2018-01-0110040.3862194778
2018-02-0110055.088483626478
2018-03-0110070.03078474085
2018-04-0110051.727966106779
2018-05-0110247.598130112037
2018-06-0110291.524894833803
2018-07-0110259.059895223863
2018-08-0110255.159294531357
2018-09-019972.27573046249
2018-10-019650.62619643425
2018-11-019767.64421720945
2018-12-019967.535000390058
2019-01-0110571.347987590087
2019-02-0110777.179685671592
2019-03-0110900.55868603765
2019-04-0111078.306059133105
2019-05-0111261.45426395665
2019-06-0111479.587856529904
2019-07-0111639.15242947414
2019-08-0111848.224626592493
2019-09-0111784.614830683926
2019-10-0111925.036455614165
2019-11-0111951.56054032321
2019-12-0112142.990020463149
2020-01-0112360.103455932214
2020-02-0112290.612754364172
2020-03-0111474.367052526086
2020-04-0111267.035123409003
2020-05-0112056.33667584808
2020-06-0112118.386231479646
2020-07-0112671.131354228552
2020-08-0112692.374625692355
2020-09-0112842.097683043188
2020-10-0112807.172304534897
2020-11-0112978.078624108111
2020-12-0113294.867409581073
2021-01-0113467.393978672715
2021-02-0113078.29405728482
2021-03-0113250.580589410767
2021-04-0113591.013016004463
2021-05-0113582.011629790986
2021-06-0113777.461729106282
2021-07-0113831.04998169718
2021-08-0113879.53744876711
2021-09-0113499.858978282655
2021-10-0113601.274596287827
2021-11-0113554.52739721917
2021-12-0113816.047671341385
2022-01-0113379.54044922918
2022-02-0113273.924184324385
2022-03-0112684.813461273037
2022-04-0111955.221104050022
2022-05-0112570.735893327572
2022-06-0111988.526233039887
2022-07-0112835.316638762368
2022-08-0112058.557017780739
2022-09-0111197.724449565232
2022-10-0111258.513811126912
2022-11-0111928.697019340976
2022-12-0111719.744840705469
2023-01-0112262.948494068085
2023-02-0111756.950570387839
2023-03-0112048.835520670182
2023-04-0111885.370347033444
2023-05-0111565.701117972167
2023-06-0111618.989324355949
2023-07-0111773.333093296365
2023-08-0111445.562616642961
2023-09-0110941.96506261964
2023-10-0110945.145552415072
2023-11-0111740.448028996465
2023-12-0111806.57821304481
2024-01-0112150.91124033101
2024-02-0111972.203719372783
2024-03-0112032.633025485924
2024-04-0111727.486032849058
2024-05-0111747.889174932938
2024-06-0111946.579773285086
2024-07-0112174.49487221032
2024-08-0112356.802947653938
2024-09-0112516.1874928739
2024-10-0112305.074981547157
2024-11-0112459.718796694691
2024-12-0111997.587628494786
2025-01-0112287.132218361627
2025-02-0112571.335985741805
2025-03-0112451.857586068254
2025-04-0112485.222724299541
2025-05-0112612.442316116681
2025-06-0112922.690094274518
2025-07-0113109.498862824876
2025-08-0113261.082206659827
2025-09-0113341.614608649732
2025-10-0113487.797120756595
2025-11-0113419.986677948404
2025-12-0113638.900390660163
2026-01-0113648.441860046445
2026-02-0113766.119982477301
2026-03-0113622.09780306167
2026-04-0113778.121830761937
Annual Return Matrix
YearAnnual Return
20170.06522988857223222
2018-0.046388793202434275
20190.21825406381697765
20200.09485945283466424
20210.03920161410445644
2022-0.1517295597484276
20230.007409152120594564
20240.01617821963343591
20250.1368035652656694
20260.010207673354452718
Total Factor Risk
0.07949154880165535
VTI.US Exposure
0.143449163656619
VEA.US Exposure
-0.03043940266611132
VWO.US Exposure
0.07860232195886485
QQQ.US Exposure
-0.1380970247511622
VTV.US Exposure
-0.045496934832346125
IJR.US Exposure
-0.018570964575026595
QUAL.US Exposure
0.18170749368159955
SHV.US Exposure
0.030282583119866844
TLT.US Exposure
-0.037113083577691504
LQD.US Exposure
0.2844168037144673
HYG.US Exposure
0.03621950242135129
GLD.US Exposure
0.0070331562254076505
USO.US Exposure
-0.0027635951766231074
VNQ.US Exposure
-0.009410223201373451
BTC-USD.CC Exposure
-0.0020235757293874247
CPER.US Exposure
-0.019507211344432306
VIX.INDX Exposure
0.005704853331975816
UUP.US Exposure
-0.007949807968208334
TIP.US Exposure
0.2552349761673542
Idiosyncratic Exposure
0.28872096954485577
Value Score
40
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
29.3
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
7.9%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →25.0x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →2.44%
Market Cap$1.5B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$83
Avg Yield on Cost
0.83%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$82.810.83%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+0.7%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+2.6%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
0.5% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.49
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Blackrock Municipal Target Term Closed Fund a high-risk investment?

Blackrock Municipal Target Term Closed Fund (BTT.US) has an annualized volatility of 7.9% and experienced a maximum drawdown of 21.2% over the last 10 years. Its primary macro risk driver is LQD.US.

What is the 10-year return of BTT.US?

Over the past 10 years, BTT.US has generated a Compound Annual Growth Rate (CAGR) of 3.1%. It has had a positive return in 80% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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