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BHYIX vs. BND
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

BHYIX vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

0.00%2.00%4.00%6.00%JuneJulyAugustSeptemberOctoberNovember
6.10%
3.23%
BHYIX
BND

Returns By Period

In the year-to-date period, BHYIX achieves a 8.17% return, which is significantly higher than BND's 1.66% return. Over the past 10 years, BHYIX has outperformed BND with an annualized return of 4.54%, while BND has yielded a comparatively lower 1.39% annualized return.


BHYIX

YTD

8.17%

1M

0.72%

6M

6.10%

1Y

13.51%

5Y (annualized)

4.77%

10Y (annualized)

4.54%

BND

YTD

1.66%

1M

-0.79%

6M

3.22%

1Y

6.06%

5Y (annualized)

-0.33%

10Y (annualized)

1.39%

Key characteristics


BHYIXBND
Sharpe Ratio3.741.09
Sortino Ratio6.301.59
Omega Ratio1.951.19
Calmar Ratio4.410.42
Martin Ratio30.083.51
Ulcer Index0.45%1.75%
Daily Std Dev3.61%5.65%
Max Drawdown-34.81%-18.84%
Current Drawdown-0.28%-9.11%

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BHYIX vs. BND - Expense Ratio Comparison

BHYIX has a 0.59% expense ratio, which is higher than BND's 0.03% expense ratio.


BHYIX
BlackRock High Yield Bond Portfolio Institutional Shares
Expense ratio chart for BHYIX: current value at 0.59% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.59%
Expense ratio chart for BND: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Correlation

-0.50.00.51.00.1

The correlation between BHYIX and BND is 0.08, 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.

Risk-Adjusted Performance

BHYIX vs. BND - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) and Vanguard Total Bond Market ETF (BND). 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.


Sharpe ratio
The chart of Sharpe ratio for BHYIX, currently valued at 3.74, compared to the broader market-1.000.001.002.003.004.005.003.741.07
The chart of Sortino ratio for BHYIX, currently valued at 6.30, compared to the broader market0.005.0010.006.301.57
The chart of Omega ratio for BHYIX, currently valued at 1.95, compared to the broader market1.002.003.004.001.951.19
The chart of Calmar ratio for BHYIX, currently valued at 4.41, compared to the broader market0.005.0010.0015.0020.004.410.41
The chart of Martin ratio for BHYIX, currently valued at 30.08, compared to the broader market0.0020.0040.0060.0080.00100.0030.083.46
BHYIX
BND

The current BHYIX Sharpe Ratio is 3.74, which is higher than the BND Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of BHYIX and BND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
3.74
1.07
BHYIX
BND

Dividends

BHYIX vs. BND - Dividend Comparison

BHYIX's dividend yield for the trailing twelve months is around 6.94%, more than BND's 3.57% yield.


TTM20232022202120202019201820172016201520142013
BHYIX
BlackRock High Yield Bond Portfolio Institutional Shares
6.94%6.68%5.86%4.74%5.12%5.56%6.19%5.63%5.60%5.69%5.93%6.10%
BND
Vanguard Total Bond Market ETF
3.57%3.09%2.60%1.97%2.22%2.72%2.81%2.54%2.51%2.57%2.79%2.78%

Drawdowns

BHYIX vs. BND - Drawdown Comparison

The maximum BHYIX drawdown since its inception was -34.81%, which is greater than BND's maximum drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for BHYIX and BND. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.28%
-9.11%
BHYIX
BND

Volatility

BHYIX vs. BND - Volatility Comparison

The current volatility for BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) is 0.71%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.52%. This indicates that BHYIX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.60%0.80%1.00%1.20%1.40%1.60%1.80%JuneJulyAugustSeptemberOctoberNovember
0.71%
1.52%
BHYIX
BND