BHK vs. BLV
Compare and contrast key facts about BlackRock Core Bond Trust (BHK) and Vanguard Long-Term Bond ETF (BLV).
BLV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. Long Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BHK or BLV.
Key characteristics
| BHK | BLV | |
|---|---|---|
| YTD Return | -3.10% | -7.74% |
| 1Y Return | 4.20% | -5.65% |
| 3Y Return (Ann) | -5.98% | -8.53% |
| 5Y Return (Ann) | 1.66% | -1.55% |
| 10Y Return (Ann) | 4.11% | 1.57% |
| Sharpe Ratio | 0.22 | -0.46 |
| Daily Std Dev | 13.14% | 14.23% |
| Max Drawdown | -39.60% | -38.29% |
| Current Drawdown | -26.28% | -31.94% |
Correlation
The correlation between BHK and BLV is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BHK vs. BLV - Performance Comparison
In the year-to-date period, BHK achieves a -3.10% return, which is significantly higher than BLV's -7.74% return. Over the past 10 years, BHK has outperformed BLV with an annualized return of 4.11%, while BLV has yielded a comparatively lower 1.57% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BHK vs. BLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Core Bond Trust (BHK) and Vanguard Long-Term Bond ETF (BLV). 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.
Dividends
BHK vs. BLV - Dividend Comparison
BHK's dividend yield for the trailing twelve months is around 8.71%, more than BLV's 4.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHK BlackRock Core Bond Trust | 8.71% | 8.21% | 7.91% | 6.29% | 5.00% | 5.25% | 6.30% | 5.48% | 6.14% | 6.93% | 7.98% | 6.75% |
BLV Vanguard Long-Term Bond ETF | 4.57% | 4.06% | 4.17% | 3.37% | 5.84% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% | 3.90% | 4.85% |
Drawdowns
BHK vs. BLV - Drawdown Comparison
The maximum BHK drawdown since its inception was -39.60%, roughly equal to the maximum BLV drawdown of -38.29%. Use the drawdown chart below to compare losses from any high point for BHK and BLV. For additional features, visit the drawdowns tool.
Volatility
BHK vs. BLV - Volatility Comparison
The current volatility for BlackRock Core Bond Trust (BHK) is 2.30%, while Vanguard Long-Term Bond ETF (BLV) has a volatility of 3.65%. This indicates that BHK experiences smaller price fluctuations and is considered to be less risky than BLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.