BHK vs. BDJ
BHK (BlackRock Core Bond Trust) is a stock, while BDJ (BlackRock Enhanced Equity Dividend Fund) is Derivative Income fund managed by BlackRock. Over the past 10 years, BHK returned 3.00%/yr vs 10.11%/yr for BDJ. At a 0.19 correlation, their price movements are largely independent.
Performance
BHK vs. BDJ - Performance Comparison
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Returns By Period
In the year-to-date period, BHK achieves a -2.76% return, which is significantly lower than BDJ's 0.25% return. Over the past 10 years, BHK has underperformed BDJ with an annualized return of 3.00%, while BDJ has yielded a comparatively higher 10.11% annualized return.
BHK
- 1D
- -0.78%
- 1M
- -1.05%
- YTD
- -2.76%
- 6M
- -1.69%
- 1Y
- -0.09%
- 3Y*
- 4.37%
- 5Y*
- -3.11%
- 10Y*
- 3.00%
BDJ
- 1D
- 0.22%
- 1M
- 1.45%
- YTD
- 0.25%
- 6M
- 6.07%
- 1Y
- 17.25%
- 3Y*
- 13.78%
- 5Y*
- 6.76%
- 10Y*
- 10.11%
BHK vs. BDJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BHK BlackRock Core Bond Trust | -2.76% | 2.51% | 4.02% | 14.42% | -32.52% | 8.03% | 18.02% | 26.36% | -7.59% | 14.22% |
BDJ BlackRock Enhanced Equity Dividend Fund | 0.25% | 26.12% | 16.87% | -6.67% | 0.83% | 26.56% | -7.58% | 37.43% | -10.42% | 20.78% |
Correlation
The correlation between BHK and BDJ 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 | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2005 | 0.19 |
The correlation between BHK and BDJ shifts across timeframes, from 0.19 (10 years) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BHK vs. BDJ — Risk / Return Rank
BHK
BDJ
BHK vs. BDJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Core Bond Trust (BHK) and BlackRock Enhanced Equity Dividend Fund (BDJ). 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.
| BHK | BDJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.25 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 1.41 | -1.42 |
| Martin ratioReturn relative to average drawdown | -0.03 | 5.21 | -5.23 |
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
| BHK | BDJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 1.45 | -1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.42 | -0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.55 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.31 | +0.08 |
Drawdowns
BHK vs. BDJ - Drawdown Comparison
The maximum BHK drawdown since its inception was -39.59%, smaller than the maximum BDJ drawdown of -59.46%. Use the drawdown chart below to compare losses from any high point for BHK and BDJ.
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Drawdown Indicators
| BHK | BDJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.59% | -59.46% | +19.87% |
Max Drawdown (1Y)Largest decline over 1 year | -8.13% | -12.28% | +4.15% |
Max Drawdown (3Y)Largest decline over 3 years | -14.73% | -15.70% | +0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -39.59% | -21.39% | -18.20% |
Max Drawdown (10Y)Largest decline over 10 years | -39.59% | -48.14% | +8.55% |
Current DrawdownCurrent decline from peak | -21.10% | -3.29% | -17.81% |
Average DrawdownAverage peak-to-trough decline | -7.76% | -8.96% | +1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 3.32% | -0.11% |
Volatility
BHK vs. BDJ - Volatility Comparison
BlackRock Core Bond Trust (BHK) has a higher volatility of 3.82% compared to BlackRock Enhanced Equity Dividend Fund (BDJ) at 3.38%. This indicates that BHK's price experiences larger fluctuations and is considered to be riskier than BDJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BHK | BDJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 3.38% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 6.45% | 9.32% | -2.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.15% | 11.92% | -2.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 16.17% | -1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.11% | 18.41% | -5.30% |
Dividends
BHK vs. BDJ - Dividend Comparison
BHK's dividend yield for the trailing twelve months is around 9.99%, more than BDJ's 9.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDJ BlackRock Enhanced Equity Dividend Fund | 9.31% | 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 | 9.99% | 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
BHK and BDJ 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.
BHK has higher volatility (3.82%) compared to BDJ (3.38%). In terms of maximum drawdown, BHK dropped -39.59% vs BDJ's -59.46%.
BDJ currently has the higher Sharpe Ratio (1.45 vs -0.01), 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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