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 6.61%/yr vs 59.71%/yr for BTC-USD. At a 0.14 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 4.52% return, which is significantly higher than BTC-USD's -27.60% return. Over the past 10 years, BDHIX has underperformed BTC-USD with an annualized return of 6.61%, while BTC-USD has yielded a comparatively higher 59.71% annualized return.
BDHIX
- 1D
- -0.44%
- 1M
- 1.18%
- YTD
- 4.52%
- 6M
- 5.16%
- 1Y
- 13.13%
- 3Y*
- 12.03%
- 5Y*
- 4.54%
- 10Y*
- 6.61%
BTC-USD
- 1D
- -1.08%
- 1M
- -21.71%
- YTD
- -27.60%
- 6M
- -31.22%
- 1Y
- -39.53%
- 3Y*
- 35.01%
- 5Y*
- 12.25%
- 10Y*
- 59.71%
BDHIX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BDHIX BlackRock Dynamic High Income Portfolio | 4.52% | 12.27% | 10.76% | 13.87% | -18.20% | 10.44% | 4.52% | 20.05% | -6.91% | 14.53% |
BTC-USD Bitcoin | -27.60% | -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 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2015 | 0.14 |
Over the past year, BDHIX and BTC-USD have become more correlated (0.35) than their long-term average of 0.14, 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.
| BDHIX | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.80 | ||
| Sortino ratioReturn per unit of downside risk | +4.11 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.87 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | -0.80 | +2.96 |
| Martin ratioReturn relative to average drawdown | 9.82 | -1.39 | +11.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BDHIX | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | -0.92 | +2.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.23 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.88 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 1.13 | -0.49 |
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% | -49.65% | +43.50% |
Max Drawdown (3Y)Largest decline over 3 years | -9.43% | -49.65% | +40.22% |
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% | -49.21% | +48.77% |
Average DrawdownAverage peak-to-trough decline | -4.78% | -42.28% | +37.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 33.87% | -32.52% |
Volatility
BDHIX vs. BTC-USD - Volatility Comparison
The current volatility for BlackRock Dynamic High Income Portfolio (BDHIX) is 1.94%, while Bitcoin (BTC-USD) has a volatility of 10.14%. 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 | 1.94% | 10.14% | -8.20% |
Volatility (6M)Calculated over the trailing 6-month period | 5.80% | 34.17% | -28.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.09% | 35.51% | -28.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.94% | 44.98% | -36.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.18% | 56.69% | -47.51% |
Frequently Asked Questions
BDHIX and BTC-USD have a correlation of 0.35, 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 (10.14%) compared to BDHIX (1.94%). In terms of maximum drawdown, BDHIX dropped -29.13% vs BTC-USD's -85.30%.
BDHIX currently has the higher Sharpe Ratio (1.88 vs -0.92), 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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