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BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX)

Mutual Fund · Currency in USD · Last updated Mar 21, 2023

The BlackRock High Yield Bond Portfolio (BHYIX) focuses primarily on short-term (less than ten years) non-investment grade bonds, with a minimum investment of 80% of assets in high-yield bonds. It can allocate up to 30% of assets towards non-US bonds in foreign currencies, either with or without currency hedging. Additionally, the fund may also invest in convertible and preferred securities.

Share Price Chart


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Performance

The chart shows the growth of $10,000 invested in BlackRock High Yield Bond Portfolio Institutional Shares in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $42,044 for a total return of roughly 320.44%. All prices are adjusted for splits and dividends.


0.00%5.00%10.00%NovemberDecember2023FebruaryMarch
4.73%
7.42%
BHYIX (BlackRock High Yield Bond Portfolio Institutional Shares)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

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Popular comparisons: BHYIX vs. HYGH

Return

BlackRock High Yield Bond Portfolio Institutional Shares had a return of 1.03% year-to-date (YTD) and -4.82% in the last 12 months. Over the past 10 years, BlackRock High Yield Bond Portfolio Institutional Shares had an annualized return of 3.55%, while the S&P 500 had an annualized return of 9.86%, indicating that BlackRock High Yield Bond Portfolio Institutional Shares did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month-0.84%-3.13%
Year-To-Date1.03%2.92%
6 months2.28%2.02%
1 year-4.82%-11.46%
5 years (annualized)2.75%7.79%
10 years (annualized)3.55%9.86%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20234.16%-1.54%
2022-3.94%2.70%2.04%-0.63%

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current BlackRock High Yield Bond Portfolio Institutional Shares Sharpe ratio is -0.56. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-1.50-1.00-0.50NovemberDecember2023FebruaryMarch
-0.56
-0.45
BHYIX (BlackRock High Yield Bond Portfolio Institutional Shares)
Benchmark (^GSPC)

Dividend History

BlackRock High Yield Bond Portfolio Institutional Shares granted a 7.38% dividend yield in the last twelve months. The annual payout for that period amounted to $0.49 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$0.49$0.39$0.40$0.40$0.43$0.45$0.44$0.43$0.41$0.47$0.50$0.50

Dividend yield

7.38%5.92%5.43%5.74%6.61%7.97%7.51%7.91%8.52%9.35%10.19%11.04%

Monthly Dividends

The table displays the monthly dividend distributions for BlackRock High Yield Bond Portfolio Institutional Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.04$0.03
2022$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04
2021$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.06
2020$0.03$0.03$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03
2019$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.04$0.04$0.04
2018$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.05
2017$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.04
2016$0.03$0.03$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04
2015$0.03$0.03$0.03$0.03$0.04$0.04$0.04$0.04$0.03$0.03$0.03$0.03
2014$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04
2013$0.04$0.04$0.04$0.04$0.05$0.04$0.04$0.04$0.04$0.04$0.04$0.04
2012$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-25.00%-20.00%-15.00%-10.00%-5.00%NovemberDecember2023FebruaryMarch
-9.48%
-17.62%
BHYIX (BlackRock High Yield Bond Portfolio Institutional Shares)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the BlackRock High Yield Bond Portfolio Institutional Shares. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the BlackRock High Yield Bond Portfolio Institutional Shares is 34.81%, recorded on Dec 16, 2008. It took 198 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-34.81%Jun 4, 2007388Dec 16, 2008198Sep 30, 2009586
-23.23%Feb 21, 202022Mar 23, 2020140Oct 9, 2020162
-14.66%Jan 3, 2022187Sep 29, 2022
-13.34%Sep 2, 2014365Feb 11, 2016128Aug 15, 2016493
-11.98%Sep 8, 200062Dec 5, 2000324Mar 28, 2002386
-11.66%May 6, 2002116Oct 18, 200289Feb 27, 2003205
-9.81%May 12, 2011101Oct 4, 201179Jan 27, 2012180
-6.58%Oct 4, 201857Dec 26, 201840Feb 25, 201997
-5.89%Mar 9, 200549May 17, 200539Jul 13, 200588
-5.57%May 10, 201331Jun 24, 201371Oct 3, 2013102

Volatility Chart

Current BlackRock High Yield Bond Portfolio Institutional Shares volatility is 5.95%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


0.00%10.00%20.00%30.00%40.00%NovemberDecember2023FebruaryMarch
5.95%
20.82%
BHYIX (BlackRock High Yield Bond Portfolio Institutional Shares)
Benchmark (^GSPC)