BlackRock High Yield K (BRHYX)

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The chart shows the growth of an initial investment of $10,000 in BlackRock High Yield K, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

BlackRock High Yield K (BRHYX) has returned -1.71% so far this year and 6.68% over the past 12 months. Over the last ten years, BRHYX has returned 6.02% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Nov 18, 1998, BRHYX's average daily return is +0.03%, while the average monthly return is +0.57%. At this rate, your investment would double in approximately 10.2 years.

Historically, 70% of months were positive and 30% were negative. The best month was Apr 2009 with a return of +8.3%, while the worst month was Oct 2008 at -15.5%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.

On a daily basis, BRHYX closed higher 40% of trading days. The best single day was Apr 9, 2020 with a return of +3.8%, while the worst single day was Mar 16, 2020 at -4.2%.

BlackRock High Yield K has an annualized alpha of 5.99%, beta of 0.10, and R² of 0.13 versus S&P 500 Index. Calculated based on daily prices since November 19, 1998.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (43.68%) than losses (33.40%) — typical of diversified or defensive assets.
• Beta of 0.10 may look defensive, but with R² of 0.13 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.13 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

BRHYX has an expense ratio of 0.48%, placing it in the medium range.

BRHYX ranks 88 for risk / return — in the top 88% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for BlackRock High Yield K (BRHYX) and compare them to a chosen benchmark (S&P 500 Index).

BlackRock High Yield K provided a 6.75% dividend yield over the last twelve months, with an annual payout of $0.47 per share.

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

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the BlackRock High Yield K. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the BlackRock High Yield K was 34.77%, occurring on Dec 16, 2008. Recovery took 212 trading sessions.

The current BlackRock High Yield K drawdown is 2.26%.

The chart below shows the rolling one-month volatility.