BHYIX vs. HYGH
Compare and contrast key facts about BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH).
BHYIX is managed by Blackrock. It was launched on Nov 19, 1998. HYGH is an actively managed fund by iShares. It was launched on May 27, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BHYIX or HYGH.
Key characteristics
| BHYIX | HYGH | |
|---|---|---|
| YTD Return | 8.17% | 10.40% |
| 1Y Return | 13.67% | 13.16% |
| 3Y Return (Ann) | 3.42% | 7.43% |
| 5Y Return (Ann) | 4.72% | 5.95% |
| 10Y Return (Ann) | 4.53% | 4.86% |
| Sharpe Ratio | 3.79 | 2.99 |
| Sortino Ratio | 6.42 | 4.15 |
| Omega Ratio | 1.97 | 1.67 |
| Calmar Ratio | 4.08 | 3.70 |
| Martin Ratio | 30.79 | 29.69 |
| Ulcer Index | 0.44% | 0.47% |
| Daily Std Dev | 3.69% | 4.62% |
| Max Drawdown | -34.81% | -23.88% |
| Current Drawdown | -0.28% | -0.29% |
Correlation
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.
Performance
BHYIX vs. HYGH - Performance Comparison
In the year-to-date period, BHYIX achieves a 8.17% return, which is significantly lower than HYGH's 10.40% return. Over the past 10 years, BHYIX has underperformed HYGH with an annualized return of 4.53%, while HYGH has yielded a comparatively higher 4.86% 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. HYGH - Expense Ratio Comparison
BHYIX has a 0.59% expense ratio, which is higher than HYGH's 0.53% expense ratio.
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.
Dividends
BHYIX vs. HYGH - Dividend Comparison
BHYIX's dividend yield for the trailing twelve months is around 6.94%, less than HYGH's 8.18% 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% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 8.18% | 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.
Volatility
BHYIX vs. HYGH - Volatility Comparison
The current volatility for BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) is 0.79%, while iShares Interest Rate Hedged High Yield Bond ETF (HYGH) has a volatility of 1.03%. 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.