BHYIX vs. ASFYX
Compare and contrast key facts about BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX).
BHYIX is managed by BlackRock. It was launched on Nov 19, 1998. ASFYX is managed by BlackRock. It was launched on Jul 30, 2010.
Performance
BHYIX vs. ASFYX - Performance Comparison
Loading graphics...
BHYIX vs. ASFYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BHYIX BlackRock High Yield Bond Portfolio Institutional Shares | -1.03% | 9.18% | 8.55% | 13.19% | -11.24% | 5.53% | 5.87% | 15.35% | -2.81% | 8.23% |
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | 6.72% | -9.67% | -3.22% | -10.33% | 35.67% | 3.52% | 13.59% | 8.99% | -12.59% | 6.78% |
Returns By Period
In the year-to-date period, BHYIX achieves a -1.03% return, which is significantly lower than ASFYX's 6.72% return. Over the past 10 years, BHYIX has outperformed ASFYX with an annualized return of 5.99%, while ASFYX has yielded a comparatively lower 1.88% annualized return.
BHYIX
- 1D
- 0.57%
- 1M
- -1.53%
- YTD
- -1.03%
- 6M
- 0.46%
- 1Y
- 7.03%
- 3Y*
- 8.51%
- 5Y*
- 4.21%
- 10Y*
- 5.99%
ASFYX
- 1D
- 0.12%
- 1M
- -0.84%
- YTD
- 6.72%
- 6M
- 10.49%
- 1Y
- 3.28%
- 3Y*
- -2.85%
- 5Y*
- 2.28%
- 10Y*
- 1.88%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BHYIX vs. ASFYX - Expense Ratio Comparison
BHYIX has a 0.59% expense ratio, which is lower than ASFYX's 1.47% expense ratio.
Return for Risk
BHYIX vs. ASFYX — Risk / Return Rank
BHYIX
ASFYX
BHYIX vs. ASFYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX). 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.
| BHYIX | ASFYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.88 | 0.27 | +1.61 |
Sortino ratioReturn per unit of downside risk | 2.68 | 0.42 | +2.26 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.06 | +0.37 |
Calmar ratioReturn relative to maximum drawdown | 2.39 | 0.18 | +2.21 |
Martin ratioReturn relative to average drawdown | 10.79 | 0.29 | +10.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| BHYIX | ASFYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 0.27 | +1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.17 | +0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.01 | 0.15 | +0.87 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | 0.31 | +0.89 |
Correlation
The correlation between BHYIX and ASFYX is 0.04, 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.
Dividends
BHYIX vs. ASFYX - Dividend Comparison
BHYIX's dividend yield for the trailing twelve months is around 6.61%, more than ASFYX's 1.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHYIX BlackRock High Yield Bond Portfolio Institutional Shares | 6.61% | 7.05% | 7.46% | 6.15% | 4.91% | 4.73% | 5.12% | 5.70% | 6.33% | 5.82% | 5.96% | 6.33% |
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | 1.42% | 1.52% | 1.46% | 0.99% | 32.48% | 6.07% | 3.40% | 5.51% | 1.30% | 0.07% | 0.01% | 5.06% |
Drawdowns
BHYIX vs. ASFYX - Drawdown Comparison
The maximum BHYIX drawdown since its inception was -34.82%, roughly equal to the maximum ASFYX drawdown of -36.43%. Use the drawdown chart below to compare losses from any high point for BHYIX and ASFYX.
Loading graphics...
Drawdown Indicators
| BHYIX | ASFYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.82% | -36.43% | +1.61% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -13.51% | +10.25% |
Max Drawdown (5Y)Largest decline over 5 years | -15.45% | -36.43% | +20.98% |
Max Drawdown (10Y)Largest decline over 10 years | -23.23% | -36.43% | +13.20% |
Current DrawdownCurrent decline from peak | -1.71% | -24.28% | +22.57% |
Average DrawdownAverage peak-to-trough decline | -2.77% | -13.10% | +10.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 8.26% | -7.54% |
Volatility
BHYIX vs. ASFYX - Volatility Comparison
The current volatility for BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) is 1.38%, while AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) has a volatility of 3.82%. This indicates that BHYIX experiences smaller price fluctuations and is considered to be less risky than ASFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| BHYIX | ASFYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 3.82% | -2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 10.00% | -7.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 13.00% | -9.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.20% | 13.67% | -8.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.93% | 12.68% | -6.75% |