BHK vs. VOO
BHK (BlackRock Core Bond Trust) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, BHK returned 3.00%/yr vs 15.56%/yr for VOO. At a 0.14 correlation, their price movements are largely independent.
Performance
BHK vs. VOO - 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 VOO's 10.91% return. Over the past 10 years, BHK has underperformed VOO with an annualized return of 3.00%, while VOO has yielded a comparatively higher 15.56% 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%
VOO
- 1D
- -0.70%
- 1M
- 5.04%
- YTD
- 10.91%
- 6M
- 10.93%
- 1Y
- 28.04%
- 3Y*
- 22.44%
- 5Y*
- 13.90%
- 10Y*
- 15.56%
BHK vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | 10.91% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between BHK and VOO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2010 | 0.14 |
Over the past year, BHK and VOO have become more correlated (0.35) than their long-term average of 0.14, meaning their price movements have been converging.
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Return for Risk
BHK vs. VOO — Risk / Return Rank
BHK
VOO
BHK vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Core Bond Trust (BHK) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.21 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.43 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 3.16 | -3.18 |
| Martin ratioReturn relative to average drawdown | -0.03 | 14.73 | -14.75 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 2.39 | -2.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.83 | -1.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.87 | -0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.89 | -0.49 |
Drawdowns
BHK vs. VOO - Drawdown Comparison
The maximum BHK drawdown since its inception was -39.59%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for BHK and VOO.
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Drawdown Indicators
| BHK | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.59% | -33.99% | -5.60% |
Max Drawdown (1Y)Largest decline over 1 year | -8.13% | -8.90% | +0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -14.73% | -18.69% | +3.96% |
Max Drawdown (5Y)Largest decline over 5 years | -39.59% | -24.52% | -15.07% |
Max Drawdown (10Y)Largest decline over 10 years | -39.59% | -33.99% | -5.60% |
Current DrawdownCurrent decline from peak | -21.10% | -0.70% | -20.40% |
Average DrawdownAverage peak-to-trough decline | -7.76% | -3.69% | -4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 1.91% | +1.30% |
Volatility
BHK vs. VOO - Volatility Comparison
BlackRock Core Bond Trust (BHK) has a higher volatility of 3.82% compared to Vanguard S&P 500 ETF (VOO) at 2.84%. This indicates that BHK's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BHK | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 2.84% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 6.45% | 8.90% | -2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.15% | 11.80% | -2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 16.81% | -2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.11% | 18.01% | -4.90% |
Dividends
BHK vs. VOO - Dividend Comparison
BHK's dividend yield for the trailing twelve months is around 9.99%, more than VOO's 1.03% 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% |
VOO Vanguard S&P 500 ETF | 1.03% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
BHK and VOO have a correlation of 0.35, 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 VOO (2.84%). In terms of maximum drawdown, BHK dropped -39.59% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (2.39 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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