BCX vs. BRHYX
BCX (Blackrock Resources & Commodities Strategy Trust) and BRHYX (BlackRock High Yield Fund Class K) are both mutual funds - BCX is a Natural Resources fund managed by BlackRock, while BRHYX is a High Yield Bonds fund actively managed by BlackRock. Over the past 10 years, BCX returned 11.82%/yr vs 5.71%/yr for BRHYX. Their 0.41 correlation means their historical movements had little consistent relationship. BCX charges 1.10%/yr vs 0.48%/yr for BRHYX.
Performance
BCX vs. BRHYX - Performance Comparison
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Returns By Period
In the year-to-date period, BCX achieves a 13.65% return, which is significantly higher than BRHYX's 2.36% return. Over the past 10 years, BCX has outperformed BRHYX with an annualized return of 11.82%, while BRHYX has yielded a comparatively lower 5.71% annualized return.
BCX
- 1D
- 0.84%
- 1M
- 5.99%
- 6M
- -2.16%
- YTD
- 13.65%
- 1Y
- 34.83%
- 3Y*
- 16.07%
- 5Y*
- 13.16%
- 10Y*
- 11.82%
- ALL TIME*
- 4.50%
BRHYX
- 1D
- 0.28%
- 1M
- 0.14%
- 6M
- 1.93%
- YTD
- 2.36%
- 1Y
- 6.16%
- 3Y*
- 9.21%
- 5Y*
- 4.41%
- 10Y*
- 5.71%
- ALL TIME*
- 6.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.95M | $1.88M | $2.33M | |
| $0.00 | $0.00 | $0.00 |
BCX vs. BRHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCX Blackrock Resources & Commodities Strategy Trust | 13.65% | 40.37% | 3.18% | -4.79% | 12.80% | 32.90% | 0.04% | 23.80% | -22.55% | 26.76% |
BRHYX BlackRock High Yield Fund Class K | 2.36% | 9.44% | 8.65% | 13.26% | -11.18% | 5.47% | 5.98% | 15.65% | -2.67% | 8.34% |
Correlation
The correlation between BCX and BRHYX is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2011 | 0.41 |
The correlation between BCX and BRHYX shifts across timeframes, from 0.23 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BCX vs. BRHYX — Risk / Return Rank
BCX
BRHYX
BCX vs. BRHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackrock Resources & Commodities Strategy Trust (BCX) and BlackRock High Yield Fund Class K (BRHYX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BCX | BRHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.39 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.58 | -0.72 |
| Martin ratioReturn relative to average drawdown | 4.56 | 12.14 | -7.58 |
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Drawdowns
BCX vs. BRHYX - Drawdown Comparison
The maximum BCX drawdown since its inception was -62.36%, which is greater than BRHYX's maximum drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for BCX and BRHYX.
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Drawdown Indicators
| BCX | BRHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.36% | -34.77% | -27.59% |
Max Drawdown (1Y)Largest decline over 1 year | -18.85% | -2.40% | -16.45% |
Max Drawdown (3Y)Largest decline over 3 years | -18.85% | -4.07% | -14.78% |
Max Drawdown (5Y)Largest decline over 5 years | -29.22% | -15.29% | -13.93% |
Max Drawdown (10Y)Largest decline over 10 years | -59.23% | -23.20% | -36.03% |
Current DrawdownCurrent decline from peak | -9.53% | 0.00% | -9.53% |
Average DrawdownAverage peak-to-trough decline | -19.56% | -2.72% | -16.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.65% | 0.51% | +7.14% |
Volatility
BCX vs. BRHYX - Volatility Comparison
Blackrock Resources & Commodities Strategy Trust (BCX) has a higher volatility of 4.43% compared to BlackRock High Yield Fund Class K (BRHYX) at 0.99%. This indicates that BCX's price experiences larger fluctuations and is considered to be riskier than BRHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCX | BRHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 0.99% | +3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 15.91% | 2.80% | +13.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.04% | 3.51% | +16.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.43% | 5.28% | +16.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.59% | 5.89% | +17.70% |
BCX vs. BRHYX - Expense Ratio Comparison
BCX has a 1.10% expense ratio, which is higher than BRHYX's 0.48% expense ratio.
Dividends
BCX vs. BRHYX - Dividend Comparison
BCX's dividend yield for the trailing twelve months is around 6.98%, less than BRHYX's 7.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCX Blackrock Resources & Commodities Strategy Trust | 6.98% | 7.62% | 7.49% | 7.00% | 5.52% | 5.13% | 7.10% | 7.67% | 8.77% | 6.19% | 6.98% | 11.38% |
BRHYX BlackRock High Yield Fund Class K | 7.14% | 7.14% | 7.56% | 6.20% | 4.98% | 4.80% | 5.22% | 5.82% | 6.48% | 5.92% | 6.03% | 6.42% |
Frequently Asked Questions
BCX and BRHYX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCX has higher volatility (4.43%) compared to BRHYX (0.99%). In terms of maximum drawdown, BCX dropped -62.36% vs BRHYX's -34.77%.
BRHYX currently has the higher Sharpe Ratio (1.77 vs 1.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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