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.
Key characteristics
| BHYIX | FTBFX | |
|---|---|---|
| YTD Return | 8.17% | 3.24% |
| 1Y Return | 14.69% | 9.71% |
| 3Y Return (Ann) | 3.42% | -1.27% |
| 5Y Return (Ann) | 4.72% | 0.57% |
| 10Y Return (Ann) | 4.53% | 2.01% |
| Sharpe Ratio | 3.97 | 1.53 |
| Sortino Ratio | 6.86 | 2.29 |
| Omega Ratio | 2.03 | 1.28 |
| Calmar Ratio | 4.39 | 0.66 |
| Martin Ratio | 33.08 | 6.07 |
| Ulcer Index | 0.44% | 1.40% |
| Daily Std Dev | 3.69% | 5.69% |
| Max Drawdown | -34.81% | -18.19% |
| Current Drawdown | -0.28% | -5.47% |
Correlation
The correlation between BHYIX and FTBFX is 0.26, 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.
Performance
BHYIX vs. FTBFX - Performance Comparison
In the year-to-date period, BHYIX achieves a 8.17% return, which is significantly higher than FTBFX's 3.24% return. Over the past 10 years, BHYIX has outperformed FTBFX with an annualized return of 4.53%, while FTBFX has yielded a comparatively lower 2.01% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 6.94%, more than FTBFX's 4.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FTBFX Fidelity Total Bond Fund | 4.62% | 4.15% | 3.34% | 2.19% | 2.53% | 2.95% | 3.19% | 2.74% | 2.95% | 3.71% | 2.99% | 3.91% |
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 -18.19%. 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 0.79%, while Fidelity Total Bond Fund (FTBFX) has a volatility of 1.63%. 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.