BDHIX vs. IVZ
BDHIX (BlackRock Dynamic High Income Portfolio) is Diversified Portfolio fund managed by BlackRock, while IVZ (Invesco Ltd.) is a stock. Over the past 10 years, BDHIX returned 6.86%/yr vs 5.39%/yr for IVZ. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
BDHIX vs. IVZ - Performance Comparison
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Returns By Period
In the year-to-date period, BDHIX achieves a 4.18% return, which is significantly lower than IVZ's 4.50% return. Over the past 10 years, BDHIX has outperformed IVZ with an annualized return of 6.86%, while IVZ has yielded a comparatively lower 5.39% annualized return.
BDHIX
- 1D
- -0.33%
- 1M
- 0.51%
- YTD
- 4.18%
- 6M
- 4.53%
- 1Y
- 12.62%
- 3Y*
- 11.91%
- 5Y*
- 4.56%
- 10Y*
- 6.86%
IVZ
- 1D
- -6.12%
- 1M
- -0.11%
- YTD
- 4.50%
- 6M
- 1.33%
- 1Y
- 87.32%
- 3Y*
- 25.35%
- 5Y*
- 4.55%
- 10Y*
- 5.39%
BDHIX vs. IVZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BDHIX BlackRock Dynamic High Income Portfolio | 4.18% | 12.27% | 10.76% | 13.87% | -18.20% | 10.44% | 4.52% | 20.05% | -6.91% | 14.53% |
IVZ Invesco Ltd. | 4.50% | 56.94% | 3.02% | 6.05% | -18.71% | 35.56% | 3.06% | 14.91% | -52.05% | 24.67% |
Correlation
The correlation between BDHIX and IVZ is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.61 |
The correlation between BDHIX and IVZ shifts across timeframes, from 0.56 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BDHIX vs. IVZ — Risk / Return Rank
BDHIX
IVZ
BDHIX vs. IVZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Dynamic High Income Portfolio (BDHIX) and Invesco Ltd. (IVZ). 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 | IVZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.41 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 3.98 | -1.84 |
| Martin ratioReturn relative to average drawdown | 9.64 | 10.73 | -1.09 |
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Drawdowns
BDHIX vs. IVZ - Drawdown Comparison
The maximum BDHIX drawdown since its inception was -29.13%, smaller than the maximum IVZ drawdown of -83.91%. Use the drawdown chart below to compare losses from any high point for BDHIX and IVZ.
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Drawdown Indicators
| BDHIX | IVZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.13% | -83.91% | +54.78% |
Max Drawdown (1Y)Largest decline over 1 year | -6.15% | -22.03% | +15.88% |
Max Drawdown (3Y)Largest decline over 3 years | -9.43% | -36.52% | +27.09% |
Max Drawdown (5Y)Largest decline over 5 years | -23.55% | -50.21% | +26.66% |
Max Drawdown (10Y)Largest decline over 10 years | -29.13% | -79.72% | +50.59% |
Current DrawdownCurrent decline from peak | -0.88% | -7.47% | +6.59% |
Average DrawdownAverage peak-to-trough decline | -4.76% | -35.95% | +31.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 8.17% | -6.80% |
Volatility
BDHIX vs. IVZ - Volatility Comparison
The current volatility for BlackRock Dynamic High Income Portfolio (BDHIX) is 2.65%, while Invesco Ltd. (IVZ) has a volatility of 11.44%. This indicates that BDHIX experiences smaller price fluctuations and is considered to be less risky than IVZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDHIX | IVZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 11.44% | -8.79% |
Volatility (6M)Calculated over the trailing 6-month period | 6.20% | 26.12% | -19.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.40% | 35.64% | -28.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.99% | 36.62% | -27.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.21% | 39.22% | -30.01% |
Dividends
BDHIX vs. IVZ - Dividend Comparison
BDHIX's dividend yield for the trailing twelve months is around 7.94%, more than IVZ's 3.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDHIX BlackRock Dynamic High Income Portfolio | 7.94% | 7.54% | 7.62% | 5.96% | 5.17% | 6.58% | 5.20% | 5.68% | 7.40% | 6.14% | 6.33% | 7.19% |
IVZ Invesco Ltd. | 3.13% | 3.18% | 4.66% | 6.15% | 4.07% | 2.89% | 4.45% | 6.84% | 7.11% | 3.15% | 3.66% | 3.17% |
Frequently Asked Questions
BDHIX and IVZ have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVZ has higher volatility (11.44%) compared to BDHIX (2.65%). In terms of maximum drawdown, BDHIX dropped -29.13% vs IVZ's -83.91%.
IVZ currently has the higher Sharpe Ratio (2.46 vs 1.79), 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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