BDJ vs. BHK
BDJ (BlackRock Enhanced Equity Dividend Fund) is Derivative Income fund managed by BlackRock, while BHK (BlackRock Core Bond Trust) is a stock. Over the past 10 years, BDJ returned 10.51%/yr vs 2.92%/yr for BHK. At a 0.19 correlation, their price movements are largely independent.
Performance
BDJ vs. BHK - Performance Comparison
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Returns By Period
In the year-to-date period, BDJ achieves a 1.80% return, which is significantly higher than BHK's -1.73% return. Over the past 10 years, BDJ has outperformed BHK with an annualized return of 10.51%, while BHK has yielded a comparatively lower 2.92% annualized return.
BDJ
- 1D
- -0.43%
- 1M
- 1.65%
- YTD
- 1.80%
- 6M
- 3.32%
- 1Y
- 18.77%
- 3Y*
- 14.29%
- 5Y*
- 7.74%
- 10Y*
- 10.51%
BHK
- 1D
- 0.22%
- 1M
- 1.97%
- YTD
- -1.73%
- 6M
- -1.11%
- 1Y
- 2.28%
- 3Y*
- 3.77%
- 5Y*
- -2.93%
- 10Y*
- 2.92%
BDJ vs. BHK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BDJ BlackRock Enhanced Equity Dividend Fund | 1.80% | 26.12% | 16.87% | -6.67% | 0.83% | 26.56% | -7.58% | 37.43% | -10.42% | 20.78% |
BHK BlackRock Core Bond Trust | -1.73% | 2.51% | 4.02% | 14.42% | -32.52% | 8.03% | 18.02% | 26.36% | -7.59% | 14.22% |
Correlation
The correlation between BDJ and BHK is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2005 | 0.19 |
The correlation between BDJ and BHK shifts across timeframes, from 0.19 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BDJ vs. BHK — Risk / Return Rank
BDJ
BHK
BDJ vs. BHK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Enhanced Equity Dividend Fund (BDJ) and BlackRock Core Bond Trust (BHK). 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.
| BDJ | BHK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.05 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 0.28 | +1.25 |
| Martin ratioReturn relative to average drawdown | 5.59 | 0.67 | +4.91 |
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Drawdowns
BDJ vs. BHK - Drawdown Comparison
The maximum BDJ drawdown since its inception was -59.46%, which is greater than BHK's maximum drawdown of -39.59%. Use the drawdown chart below to compare losses from any high point for BDJ and BHK.
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Drawdown Indicators
| BDJ | BHK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.46% | -39.59% | -19.87% |
Max Drawdown (1Y)Largest decline over 1 year | -12.28% | -8.13% | -4.15% |
Max Drawdown (3Y)Largest decline over 3 years | -15.70% | -14.73% | -0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -21.39% | -39.59% | +18.20% |
Max Drawdown (10Y)Largest decline over 10 years | -48.14% | -39.59% | -8.55% |
Current DrawdownCurrent decline from peak | -1.80% | -20.26% | +18.46% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -7.79% | -1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 3.39% | -0.02% |
Volatility
BDJ vs. BHK - Volatility Comparison
BlackRock Enhanced Equity Dividend Fund (BDJ) has a higher volatility of 3.45% compared to BlackRock Core Bond Trust (BHK) at 2.53%. This indicates that BDJ's price experiences larger fluctuations and is considered to be riskier than BHK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDJ | BHK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 2.53% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 9.49% | 6.58% | +2.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.18% | 8.74% | +3.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 14.46% | +1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.41% | 13.12% | +5.29% |
Dividends
BDJ vs. BHK - Dividend Comparison
BDJ's dividend yield for the trailing twelve months is around 9.23%, less than BHK's 9.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDJ BlackRock Enhanced Equity Dividend Fund | 9.23% | 9.03% | 8.21% | 9.49% | 12.18% | 5.95% | 7.08% | 6.66% | 7.21% | 6.07% | 6.88% | 7.36% |
BHK BlackRock Core Bond Trust | 9.97% | 9.25% | 8.56% | 8.21% | 7.91% | 6.36% | 5.06% | 5.32% | 6.39% | 5.56% | 6.23% | 7.03% |
Frequently Asked Questions
BDJ and BHK have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDJ has higher volatility (3.45%) compared to BHK (2.53%). In terms of maximum drawdown, BDJ dropped -59.46% vs BHK's -39.59%.
BDJ currently has the higher Sharpe Ratio (1.55 vs 0.26), 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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