BHK vs. HYT
BHK (BlackRock Core Bond Trust) is a stock, while HYT (BlackRock Corporate High Yield Fund) is High Yield Bonds fund actively managed by BlackRock. Over the past 10 years, BHK returned 2.96%/yr vs 7.43%/yr for HYT. At a 0.28 correlation, their price movements are largely independent.
Performance
BHK vs. HYT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BHK achieves a -2.22% return, which is significantly lower than HYT's 1.45% return. Over the past 10 years, BHK has underperformed HYT with an annualized return of 2.96%, while HYT has yielded a comparatively higher 7.43% annualized return.
BHK
- 1D
- 0.22%
- 1M
- 0.49%
- YTD
- -2.22%
- 6M
- -0.20%
- 1Y
- 0.78%
- 3Y*
- 4.13%
- 5Y*
- -2.97%
- 10Y*
- 2.96%
HYT
- 1D
- 0.35%
- 1M
- -0.14%
- YTD
- 1.45%
- 6M
- -2.59%
- 1Y
- -2.23%
- 3Y*
- 10.05%
- 5Y*
- 2.52%
- 10Y*
- 7.43%
BHK vs. HYT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BHK BlackRock Core Bond Trust | -2.22% | 2.51% | 4.02% | 14.42% | -32.52% | 8.03% | 18.02% | 26.36% | -7.59% | 14.22% |
HYT BlackRock Corporate High Yield Fund | 1.45% | 0.06% | 14.43% | 19.92% | -22.58% | 16.62% | 11.55% | 31.19% | -7.81% | 8.99% |
Correlation
The correlation between BHK and HYT is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 29, 2003 | 0.28 |
The correlation between BHK and HYT shifts across timeframes, from 0.28 (all time) to 0.42 (3 years), reflecting how their relationship changes across market environments.
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
BHK vs. HYT — Risk / Return Rank
BHK
HYT
BHK vs. HYT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Core Bond Trust (BHK) and BlackRock Corporate High Yield Fund (HYT). 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.
| BHK | HYT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.97 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | -0.22 | +0.32 |
| Martin ratioReturn relative to average drawdown | 0.23 | -0.53 | +0.76 |
Loading charts...
Drawdowns
BHK vs. HYT - Drawdown Comparison
The maximum BHK drawdown since its inception was -39.59%, smaller than the maximum HYT drawdown of -56.95%. Use the drawdown chart below to compare losses from any high point for BHK and HYT.
Loading charts...
Drawdown Indicators
| BHK | HYT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.59% | -56.95% | +17.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.13% | -10.17% | +2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -14.73% | -13.95% | -0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -39.59% | -29.05% | -10.54% |
Max Drawdown (10Y)Largest decline over 10 years | -39.59% | -42.59% | +3.00% |
Current DrawdownCurrent decline from peak | -20.66% | -4.65% | -16.01% |
Average DrawdownAverage peak-to-trough decline | -7.78% | -5.90% | -1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 4.23% | -0.91% |
Volatility
BHK vs. HYT - Volatility Comparison
BlackRock Core Bond Trust (BHK) has a higher volatility of 3.85% compared to BlackRock Corporate High Yield Fund (HYT) at 2.62%. This indicates that BHK's price experiences larger fluctuations and is considered to be riskier than HYT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BHK | HYT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.85% | 2.62% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 6.59% | 8.02% | -1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.94% | 9.95% | -1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.46% | 14.47% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.12% | 16.93% | -3.81% |
Dividends
BHK vs. HYT - Dividend Comparison
BHK's dividend yield for the trailing twelve months is around 9.94%, less than HYT's 10.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHK BlackRock Core Bond Trust | 9.94% | 9.25% | 8.56% | 8.21% | 7.91% | 6.36% | 5.06% | 5.32% | 6.39% | 5.56% | 6.23% | 7.03% |
HYT BlackRock Corporate High Yield Fund | 10.84% | 10.50% | 9.53% | 9.91% | 9.80% | 7.58% | 8.18% | 7.92% | 9.20% | 7.68% | 8.23% | 10.18% |
Frequently Asked Questions
BHK and HYT have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BHK has higher volatility (3.85%) compared to HYT (2.62%). In terms of maximum drawdown, BHK dropped -39.59% vs HYT's -56.95%.
BHK currently has the higher Sharpe Ratio (0.09 vs -0.23), 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 BHK and HYT
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