BHYIX vs. FTBFX
Compare and contrast key facts about BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) and Fidelity Total Bond Fund (FTBFX).
BHYIX is managed by Blackrock. It was launched on Nov 19, 1998. FTBFX is managed by Fidelity. It was launched on Oct 15, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BHYIX or FTBFX.
Correlation
The correlation between BHYIX and FTBFX is -0.12. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
BHYIX vs. FTBFX - Performance Comparison
Key characteristics
BHYIX:
1.74
FTBFX:
1.02
BHYIX:
2.40
FTBFX:
1.47
BHYIX:
1.40
FTBFX:
1.17
BHYIX:
1.71
FTBFX:
0.57
BHYIX:
7.27
FTBFX:
2.88
BHYIX:
0.95%
FTBFX:
1.81%
BHYIX:
4.08%
FTBFX:
5.27%
BHYIX:
-34.81%
FTBFX:
-17.61%
BHYIX:
-0.95%
FTBFX:
-3.62%
Returns By Period
In the year-to-date period, BHYIX achieves a 0.99% return, which is significantly lower than FTBFX's 1.60% return. Over the past 10 years, BHYIX has outperformed FTBFX with an annualized return of 4.65%, while FTBFX has yielded a comparatively lower 2.35% annualized return.
BHYIX
0.99%
3.07%
1.05%
7.06%
6.51%
4.65%
FTBFX
1.60%
0.21%
0.98%
5.42%
0.81%
2.35%
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BHYIX vs. FTBFX - Expense Ratio Comparison
BHYIX has a 0.59% expense ratio, which is higher than FTBFX's 0.45% expense ratio.
Risk-Adjusted Performance
BHYIX vs. FTBFX — Risk-Adjusted Performance Rank
BHYIX
FTBFX
BHYIX vs. FTBFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) and Fidelity Total Bond Fund (FTBFX). 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.
Dividends
BHYIX vs. FTBFX - Dividend Comparison
BHYIX's dividend yield for the trailing twelve months is around 6.44%, more than FTBFX's 4.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHYIX BlackRock High Yield Bond Portfolio Institutional Shares | 6.44% | 7.03% | 6.68% | 5.86% | 4.74% | 5.12% | 5.56% | 6.19% | 5.63% | 5.60% | 5.69% | 5.93% |
FTBFX Fidelity Total Bond Fund | 4.14% | 4.51% | 4.15% | 3.34% | 2.19% | 2.53% | 2.95% | 3.19% | 2.74% | 2.95% | 3.71% | 2.99% |
Drawdowns
BHYIX vs. FTBFX - Drawdown Comparison
The maximum BHYIX drawdown since its inception was -34.81%, which is greater than FTBFX's maximum drawdown of -17.61%. Use the drawdown chart below to compare losses from any high point for BHYIX and FTBFX. For additional features, visit the drawdowns tool.
Volatility
BHYIX vs. FTBFX - Volatility Comparison
The current volatility for BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) is 1.24%, while Fidelity Total Bond Fund (FTBFX) has a volatility of 1.66%. This indicates that BHYIX experiences smaller price fluctuations and is considered to be less risky than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.