BDHIX vs. BTC-USD
BDHIX (BlackRock Dynamic High Income Portfolio) is Diversified Portfolio fund managed by BlackRock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, BDHIX returned 6.55%/yr vs 57.66%/yr for BTC-USD. At a 0.15 correlation, their price movements are largely independent.
Performance
BDHIX vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, BDHIX achieves a 5.11% return, which is significantly higher than BTC-USD's -26.24% return. Over the past 10 years, BDHIX has underperformed BTC-USD with an annualized return of 6.55%, while BTC-USD has yielded a comparatively higher 57.66% annualized return.
BDHIX
- 1D
- 0.22%
- 1M
- 0.01%
- 6M
- 4.07%
- YTD
- 5.11%
- 1Y
- 12.01%
- 3Y*
- 11.50%
- 5Y*
- 4.45%
- 10Y*
- 6.55%
BTC-USD
- 1D
- -0.69%
- 1M
- -2.62%
- 6M
- -33.43%
- YTD
- -26.24%
- 1Y
- -45.20%
- 3Y*
- 28.74%
- 5Y*
- 15.51%
- 10Y*
- 57.66%
BDHIX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BDHIX BlackRock Dynamic High Income Portfolio | 5.11% | 12.27% | 10.76% | 13.87% | -18.20% | 10.44% | 4.52% | 20.05% | -6.91% | 14.53% |
BTC-USD Bitcoin | -26.24% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between BDHIX and BTC-USD is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.15 |
Over the past year, BDHIX and BTC-USD have become more correlated (0.36) than their long-term average of 0.15, meaning their price movements have been converging.
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Return for Risk
BDHIX vs. BTC-USD — Risk / Return Rank
BDHIX
BTC-USD
BDHIX vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Dynamic High Income Portfolio (BDHIX) and Bitcoin (BTC-USD). 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.
| BDHIX | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.60 | ||
| Sortino ratioReturn per unit of downside risk | +3.86 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.84 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | -0.85 | +2.71 |
| Martin ratioReturn relative to average drawdown | 8.28 | -1.38 | +9.65 |
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Drawdowns
BDHIX vs. BTC-USD - Drawdown Comparison
The maximum BDHIX drawdown since its inception was -29.13%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for BDHIX and BTC-USD.
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Drawdown Indicators
| BDHIX | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.13% | -85.30% | +56.17% |
Max Drawdown (1Y)Largest decline over 1 year | -6.15% | -53.08% | +46.93% |
Max Drawdown (3Y)Largest decline over 3 years | -9.43% | -53.08% | +43.65% |
Max Drawdown (5Y)Largest decline over 5 years | -23.55% | -76.67% | +53.12% |
Max Drawdown (10Y)Largest decline over 10 years | -29.13% | -83.80% | +54.67% |
Current DrawdownCurrent decline from peak | -0.44% | -48.25% | +47.81% |
Average DrawdownAverage peak-to-trough decline | -4.74% | -42.57% | +37.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 29.20% | -27.82% |
Volatility
BDHIX vs. BTC-USD - Volatility Comparison
The current volatility for BlackRock Dynamic High Income Portfolio (BDHIX) is 2.08%, while Bitcoin (BTC-USD) has a volatility of 9.75%. This indicates that BDHIX experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDHIX | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.08% | 9.75% | -7.67% |
Volatility (6M)Calculated over the trailing 6-month period | 6.33% | 34.90% | -28.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.39% | 35.75% | -28.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.00% | 43.96% | -34.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.16% | 56.34% | -47.18% |
Frequently Asked Questions
BDHIX and BTC-USD have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (9.75%) compared to BDHIX (2.08%). In terms of maximum drawdown, BDHIX dropped -29.13% vs BTC-USD's -85.30%.
BDHIX currently has the higher Sharpe Ratio (1.54 vs -1.05), 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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