BHK vs. BLV
BHK (BlackRock Core Bond Trust) is a stock, while BLV (Vanguard Long-Term Bond ETF) is Long-Term Bond fund tracking the Bloomberg U.S. Long Government/Credit Float Adjusted Index. Over the past 10 years, BHK returned 3.00%/yr vs 0.99%/yr for BLV. At a 0.30 correlation, their price movements are largely independent.
Performance
BHK vs. BLV - 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 BLV's 0.28% return. Over the past 10 years, BHK has outperformed BLV with an annualized return of 3.00%, while BLV has yielded a comparatively lower 0.99% 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%
BLV
- 1D
- -0.31%
- 1M
- 1.09%
- YTD
- 0.28%
- 6M
- -0.86%
- 1Y
- 6.59%
- 3Y*
- 2.02%
- 5Y*
- -3.33%
- 10Y*
- 0.99%
BHK vs. BLV - 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% |
BLV Vanguard Long-Term Bond ETF | 0.28% | 6.44% | -3.65% | 7.35% | -26.95% | -2.89% | 16.13% | 18.99% | -4.17% | 10.74% |
Correlation
The correlation between BHK and BLV is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2007 | 0.30 |
Over the past year, BHK and BLV have become more correlated (0.55) than their long-term average of 0.30, meaning their price movements have been converging.
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Return for Risk
BHK vs. BLV — Risk / Return Rank
BHK
BLV
BHK vs. BLV - Risk-Adjusted Trends 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.
| BHK | BLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.14 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 1.15 | -1.17 |
| Martin ratioReturn relative to average drawdown | -0.03 | 2.92 | -2.94 |
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 | BLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 0.81 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | -0.26 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.08 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.37 | +0.03 |
Drawdowns
BHK vs. BLV - Drawdown Comparison
The maximum BHK drawdown since its inception was -39.59%, 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.
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Drawdown Indicators
| BHK | BLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.59% | -38.29% | -1.30% |
Max Drawdown (1Y)Largest decline over 1 year | -8.13% | -5.73% | -2.40% |
Max Drawdown (3Y)Largest decline over 3 years | -14.73% | -15.16% | +0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -39.59% | -36.27% | -3.32% |
Max Drawdown (10Y)Largest decline over 10 years | -39.59% | -38.29% | -1.30% |
Current DrawdownCurrent decline from peak | -21.10% | -24.14% | +3.04% |
Average DrawdownAverage peak-to-trough decline | -7.76% | -9.51% | +1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 2.26% | +0.95% |
Volatility
BHK vs. BLV - Volatility Comparison
BlackRock Core Bond Trust (BHK) has a higher volatility of 3.82% compared to Vanguard Long-Term Bond ETF (BLV) at 2.50%. This indicates that BHK's price experiences larger fluctuations and is considered to be riskier than BLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BHK | BLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 2.50% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 6.45% | 5.62% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.15% | 8.15% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 12.97% | +1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.11% | 11.98% | +1.13% |
Dividends
BHK vs. BLV - Dividend Comparison
BHK's dividend yield for the trailing twelve months is around 9.99%, more than BLV's 4.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
BLV Vanguard Long-Term Bond ETF | 4.80% | 4.67% | 5.09% | 4.06% | 4.17% | 3.37% | 6.12% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% |
Frequently Asked Questions
BHK and BLV have a correlation of 0.55, 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 BLV (2.50%). In terms of maximum drawdown, BHK dropped -39.59% vs BLV's -38.29%.
BLV currently has the higher Sharpe Ratio (0.81 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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