BHYIX vs. HYG
Compare and contrast key facts about BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
BHYIX is managed by Blackrock. It was launched on Nov 19, 1998. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BHYIX or HYG.
Key characteristics
| BHYIX | HYG | |
|---|---|---|
| YTD Return | 8.17% | 8.49% |
| 1Y Return | 13.67% | 13.41% |
| 3Y Return (Ann) | 3.42% | 2.81% |
| 5Y Return (Ann) | 4.72% | 3.55% |
| 10Y Return (Ann) | 4.53% | 3.97% |
| Sharpe Ratio | 3.79 | 3.06 |
| Sortino Ratio | 6.42 | 4.84 |
| Omega Ratio | 1.97 | 1.60 |
| Calmar Ratio | 4.08 | 2.61 |
| Martin Ratio | 30.79 | 23.68 |
| Ulcer Index | 0.44% | 0.61% |
| Daily Std Dev | 3.69% | 4.76% |
| Max Drawdown | -34.81% | -34.24% |
| Current Drawdown | -0.28% | -0.49% |
Correlation
The correlation between BHYIX and HYG is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BHYIX vs. HYG - Performance Comparison
The year-to-date returns for both investments are quite close, with BHYIX having a 8.17% return and HYG slightly higher at 8.49%. Over the past 10 years, BHYIX has outperformed HYG with an annualized return of 4.53%, while HYG has yielded a comparatively lower 3.97% 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. HYG - Expense Ratio Comparison
BHYIX has a 0.59% expense ratio, which is higher than HYG's 0.49% expense ratio.
Risk-Adjusted Performance
BHYIX vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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. HYG - Dividend Comparison
BHYIX's dividend yield for the trailing twelve months is around 6.94%, more than HYG's 5.89% 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% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.89% | 5.75% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% | 6.10% |
Drawdowns
BHYIX vs. HYG - Drawdown Comparison
The maximum BHYIX drawdown since its inception was -34.81%, roughly equal to the maximum HYG drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for BHYIX and HYG. For additional features, visit the drawdowns tool.
Volatility
BHYIX vs. HYG - Volatility Comparison
The current volatility for BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) is 0.79%, while iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has a volatility of 1.13%. This indicates that BHYIX experiences smaller price fluctuations and is considered to be less risky than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.