BDOKX vs. BHYIX
BDOKX (iShares MSCI Total International Index Fund Class K) and BHYIX (BlackRock High Yield Bond Portfolio Institutional Shares) are both mutual funds - BDOKX is a Foreign Large Cap Equities fund tracking the MSCI ACWI ex USA Index, while BHYIX is a High Yield Bonds fund managed by BlackRock. Over the past 10 years, BDOKX returned 10.00%/yr vs 5.89%/yr for BHYIX. A 0.52 correlation means they provide meaningful diversification when combined. BDOKX charges 0.09%/yr vs 0.59%/yr for BHYIX.
Performance
BDOKX vs. BHYIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BDOKX achieves a 16.32% return, which is significantly higher than BHYIX's 1.76% return. Over the past 10 years, BDOKX has outperformed BHYIX with an annualized return of 10.00%, while BHYIX has yielded a comparatively lower 5.89% annualized return.
BDOKX
- 1D
- 1.48%
- 1M
- 3.65%
- YTD
- 16.32%
- 6M
- 17.04%
- 1Y
- 34.71%
- 3Y*
- 18.83%
- 5Y*
- 9.25%
- 10Y*
- 10.00%
BHYIX
- 1D
- 0.00%
- 1M
- 0.70%
- YTD
- 1.76%
- 6M
- 2.48%
- 1Y
- 7.59%
- 3Y*
- 9.10%
- 5Y*
- 4.41%
- 10Y*
- 5.89%
BDOKX vs. BHYIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BDOKX iShares MSCI Total International Index Fund Class K | 16.32% | 32.56% | 5.37% | 15.26% | -16.40% | 7.68% | 10.77% | 23.11% | -13.91% | 26.40% |
BHYIX BlackRock High Yield Bond Portfolio Institutional Shares | 1.76% | 9.18% | 8.55% | 13.19% | -11.24% | 5.53% | 5.87% | 15.35% | -2.81% | 8.23% |
Correlation
The correlation between BDOKX and BHYIX is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2011 | 0.52 |
The correlation between BDOKX and BHYIX has been stable across timeframes, ranging from 0.52 to 0.59 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BDOKX vs. BHYIX — Risk / Return Rank
BDOKX
BHYIX
BDOKX vs. BHYIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Total International Index Fund Class K (BDOKX) and BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX). 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.
| BDOKX | BHYIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.51 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 3.16 | -0.18 |
| Martin ratioReturn relative to average drawdown | 11.58 | 15.52 | -3.94 |
Loading charts...
Drawdowns
BDOKX vs. BHYIX - Drawdown Comparison
The maximum BDOKX drawdown since its inception was -34.22%, roughly equal to the maximum BHYIX drawdown of -34.82%. Use the drawdown chart below to compare losses from any high point for BDOKX and BHYIX.
Loading charts...
Drawdown Indicators
| BDOKX | BHYIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.22% | -34.82% | +0.60% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -2.41% | -8.97% |
Max Drawdown (3Y)Largest decline over 3 years | -13.54% | -4.07% | -9.47% |
Max Drawdown (5Y)Largest decline over 5 years | -30.00% | -15.45% | -14.55% |
Max Drawdown (10Y)Largest decline over 10 years | -34.22% | -23.23% | -10.99% |
Current DrawdownCurrent decline from peak | 0.00% | -0.14% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -8.20% | -2.75% | -5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 0.49% | +2.44% |
Volatility
BDOKX vs. BHYIX - Volatility Comparison
iShares MSCI Total International Index Fund Class K (BDOKX) has a higher volatility of 6.53% compared to BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) at 1.09%. This indicates that BDOKX's price experiences larger fluctuations and is considered to be riskier than BHYIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BDOKX | BHYIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.53% | 1.09% | +5.44% |
Volatility (6M)Calculated over the trailing 6-month period | 13.58% | 2.62% | +10.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.66% | 3.42% | +12.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.65% | 5.25% | +10.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.32% | 5.92% | +10.40% |
BDOKX vs. BHYIX - Expense Ratio Comparison
BDOKX has a 0.09% expense ratio, which is lower than BHYIX's 0.59% expense ratio.
Dividends
BDOKX vs. BHYIX - Dividend Comparison
BDOKX's dividend yield for the trailing twelve months is around 2.47%, less than BHYIX's 7.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDOKX iShares MSCI Total International Index Fund Class K | 2.47% | 3.01% | 2.84% | 2.94% | 2.84% | 3.01% | 1.98% | 4.48% | 3.28% | 1.81% | 3.51% | 3.87% |
BHYIX BlackRock High Yield Bond Portfolio Institutional Shares | 7.06% | 7.05% | 7.46% | 6.15% | 4.91% | 4.73% | 5.12% | 5.70% | 6.33% | 5.82% | 5.96% | 6.33% |
Frequently Asked Questions
BDOKX and BHYIX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDOKX has higher volatility (6.53%) compared to BHYIX (1.09%). In terms of maximum drawdown, BDOKX dropped -34.22% vs BHYIX's -34.82%.
BHYIX currently has the higher Sharpe Ratio (2.23 vs 2.17), 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.
Find the right allocation for BDOKX and BHYIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer