Returns
| Series | 1 week | 1 month | 3 months | 6 months | YTD | 1 year | 3 years (ann.) | 5 years | 10 years | Since inception (ann.) |
|---|---|---|---|---|---|---|---|---|---|---|
| Market-price return | +1.81% | -10.70% | -14.32% | -16.54% | -16.16% | -12.83% | -0.56% | — | — | -3.31% |
| Market-price total return | +1.81% | -10.36% | -13.36% | -14.69% | -13.38% | -8.94% | +3.89% | — | — | +0.92% |
| NAV return | +2.23% | -3.71% | -9.80% | -9.59% | -9.24% | -9.13% | -1.59% | — | — | -2.64% |
| NAV total return | +2.23% | -3.33% | -8.78% | -7.57% | -6.20% | -5.06% | +2.70% | — | — | +1.72% |
Performance through Oct 14, 2026. Price and NAV returns are simple changes; total returns reinvest each distribution at the series value on its ex-date (first observation on/after). Periods of one year or less are cumulative; longer periods are annualised. Series are built from unadjusted prices plus the distribution record so no distribution is counted twice. Corporate actions: the vendor price series is split-adjusted; rights offerings and mergers are not restated — check Corporate Actions.
Growth of $10,000, five years
Risk statistics
| Statistic | Market price | NAV | Specification |
|---|---|---|---|
| Volatility, 1 year | 0.18% | 0.06% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.13% | 0.06% | as above |
| Volatility, 5 years | 0.12% | 0.05% | as above |
| Maximum drawdown, 3 years | -19.66% | -11.98% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | 0.04 | -0.26 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | 0.05 | -0.34 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 0.78 | — | MUB (U.S. municipal bond ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.25 | — | as above |
| Observations (3y) | 751 | — | minimum 60; rankings require 500 |
Market-price and NAV volatility are different quantities and are never mixed. NAV volatility for funds holding stale-marked or illiquid assets can understate economic risk.
CEF Explorer research page for BlackRock 2037 Municipal Target Term Trust. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.