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

Performance

BHYIX vs. HYGH - Performance Comparison

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

-2.00%0.00%2.00%4.00%6.00%JuneJulyAugustSeptemberOctoberNovember
6.10%
6.11%
BHYIX
HYGH

Returns By Period

In the year-to-date period, BHYIX achieves a 8.17% return, which is significantly lower than HYGH's 10.79% return. Over the past 10 years, BHYIX has underperformed HYGH with an annualized return of 4.54%, while HYGH has yielded a comparatively higher 4.89% annualized return.


BHYIX

YTD

8.17%

1M

0.72%

6M

6.10%

1Y

13.51%

5Y (annualized)

4.77%

10Y (annualized)

4.54%

HYGH

YTD

10.79%

1M

1.62%

6M

6.11%

1Y

13.08%

5Y (annualized)

6.13%

10Y (annualized)

4.89%

Key characteristics


BHYIXHYGH
Sharpe Ratio3.742.93
Sortino Ratio6.304.04
Omega Ratio1.951.65
Calmar Ratio4.413.60
Martin Ratio30.0828.72
Ulcer Index0.45%0.47%
Daily Std Dev3.61%4.59%
Max Drawdown-34.81%-23.88%
Current Drawdown-0.28%0.00%

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BHYIX vs. HYGH - Expense Ratio Comparison

BHYIX has a 0.59% expense ratio, which is higher than HYGH's 0.53% 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 HYGH: current value at 0.53% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.53%

Correlation

-0.50.00.51.00.6

The correlation between BHYIX and HYGH 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.

Risk-Adjusted Performance

BHYIX vs. HYGH - 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 Interest Rate Hedged High Yield Bond ETF (HYGH). 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-1.000.001.002.003.004.005.003.742.85
The chart of Sortino ratio for BHYIX, currently valued at 6.30, compared to the broader market0.005.0010.006.303.93
The chart of Omega ratio for BHYIX, currently valued at 1.95, compared to the broader market1.002.003.004.001.951.64
The chart of Calmar ratio for BHYIX, currently valued at 4.41, compared to the broader market0.005.0010.0015.0020.004.413.50
The chart of Martin ratio for BHYIX, currently valued at 30.08, compared to the broader market0.0020.0040.0060.0080.00100.0030.0827.94
BHYIX
HYGH

The current BHYIX Sharpe Ratio is 3.74, which is comparable to the HYGH Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of BHYIX and HYGH, 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 Ratio2.002.503.003.504.004.50JuneJulyAugustSeptemberOctoberNovember
3.74
2.85
BHYIX
HYGH

Dividends

BHYIX vs. HYGH - Dividend Comparison

BHYIX's dividend yield for the trailing twelve months is around 6.94%, less than HYGH's 8.15% 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%
HYGH
iShares Interest Rate Hedged High Yield Bond ETF
8.15%8.95%6.21%3.74%4.06%4.89%6.45%4.79%4.59%5.74%3.62%0.00%

Drawdowns

BHYIX vs. HYGH - Drawdown Comparison

The maximum BHYIX drawdown since its inception was -34.81%, which is greater than HYGH's maximum drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for BHYIX and HYGH. For additional features, visit the drawdowns tool.


-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.28%
0
BHYIX
HYGH

Volatility

BHYIX vs. HYGH - Volatility Comparison

The current volatility for BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) is 0.71%, while iShares Interest Rate Hedged High Yield Bond ETF (HYGH) has a volatility of 1.05%. This indicates that BHYIX experiences smaller price fluctuations and is considered to be less risky than HYGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%2.50%3.00%JuneJulyAugustSeptemberOctoberNovember
0.71%
1.05%
BHYIX
HYGH