BRHYX vs. BBGSX

Last updated Jun 9, 2026

BRHYX (BlackRock High Yield K) and BBGSX (Bridge Builder Small/Mid Cap Growth Fund) are both mutual funds - BRHYX is a High Yield Bonds fund managed by BlackRock, while BBGSX is a Mid Cap Growth Equities fund managed by Bridge Builder. Over the past 10 years, BRHYX returned 5.89%/yr vs 10.27%/yr for BBGSX. A 0.51 correlation means they provide meaningful diversification when combined. BRHYX charges 0.48%/yr vs 0.38%/yr for BBGSX.

Performance

BRHYX vs. BBGSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock High Yield K (BRHYX) and Bridge Builder Small/Mid Cap Growth Fund (BBGSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRHYX achieves a 1.38% return, which is significantly lower than BBGSX's 5.95% return. Over the past 10 years, BRHYX has underperformed BBGSX with an annualized return of 5.89%, while BBGSX has yielded a comparatively higher 10.27% annualized return.

BRHYX

• 1D: -0.28%
• 1M: 0.01%
• YTD: 1.38%
• 6M: 2.20%
• 1Y: 7.55%
• 3Y*: 9.26%
• 5Y*: 4.43%
• 10Y*: 5.89%

BBGSX

• 1D: -3.52%
• 1M: 0.41%
• YTD: 5.95%
• 6M: -2.82%
• 1Y: 7.20%
• 3Y*: 10.43%
• 5Y*: 2.57%
• 10Y*: 10.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BRHYX vs. BBGSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRHYX BlackRock High Yield K	1.38%	9.44%	8.65%	13.26%	-11.18%	5.47%	5.98%	15.65%	-2.67%	8.34%
BBGSX Bridge Builder Small/Mid Cap Growth Fund	5.95%	0.99%	14.47%	20.98%	-29.84%	16.57%	34.41%	29.01%	-2.18%	21.47%

Correlation

The correlation between BRHYX and BBGSX is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.51

The correlation between BRHYX and BBGSX has been stable across timeframes, ranging from 0.51 to 0.55 - a consistent structural relationship.

Return for Risk

BRHYX vs. BBGSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BRHYX

BRHYX Risk / Return Rank: 76
BRHYX Sharpe Ratio Rank: 61
BRHYX Sortino Ratio Rank: 83
BRHYX Omega Ratio Rank: 79
BRHYX Calmar Ratio Rank: 73
BRHYX Martin Ratio Rank: 87

BBGSX

BBGSX Risk / Return Rank: 7
BBGSX Sharpe Ratio Rank: 7
BBGSX Sortino Ratio Rank: 7
BBGSX Omega Ratio Rank: 7
BBGSX Calmar Ratio Rank: 6
BBGSX Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BRHYX vs. BBGSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock High Yield K (BRHYX) and Bridge Builder Small/Mid Cap Growth Fund (BBGSX). 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.

	BRHYX	BBGSX	Difference
Sharpe ratio: Return per unit of total volatility	2.19	0.46	+1.73
Sortino ratio: Return per unit of downside risk	3.82	0.76	+3.06
Omega ratio: Gain probability vs. loss probability	1.50	1.09	+0.41
Calmar ratio: Return relative to maximum drawdown	3.16	0.50	+2.66
Martin ratio: Return relative to average drawdown	16.01	1.49	+14.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRHYX vs. BBGSX - Sharpe Ratio Comparison

The current BRHYX Sharpe Ratio is 2.19, which is higher than the BBGSX Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of BRHYX and BBGSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BRHYX	BBGSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	0.46	+1.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.12	+0.72
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.00	0.49	+0.50
Sharpe Ratio (All Time) Calculated using the full available price history	1.23	0.51	+0.72

Drawdowns

BRHYX vs. BBGSX - Drawdown Comparison

The maximum BRHYX drawdown since its inception was -34.77%, smaller than the maximum BBGSX drawdown of -37.95%. Use the drawdown chart below to compare losses from any high point for BRHYX and BBGSX.

Drawdown Indicators

	BRHYX	BBGSX	Difference
Max Drawdown Largest peak-to-trough decline	-34.77%	-37.95%	+3.18%
Max Drawdown (1Y) Largest decline over 1 year	-2.40%	-16.72%	+14.32%
Max Drawdown (3Y) Largest decline over 3 years	-4.07%	-26.11%	+22.04%
Max Drawdown (5Y) Largest decline over 5 years	-15.29%	-37.95%	+22.66%
Max Drawdown (10Y) Largest decline over 10 years	-23.20%	-37.95%	+14.75%
Current Drawdown Current decline from peak	-0.42%	-4.43%	+4.01%
Average Drawdown Average peak-to-trough decline	-2.73%	-9.56%	+6.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.47%	5.50%	-5.03%

Volatility

BRHYX vs. BBGSX - Volatility Comparison

The current volatility for BlackRock High Yield K (BRHYX) is 1.05%, while Bridge Builder Small/Mid Cap Growth Fund (BBGSX) has a volatility of 5.81%. This indicates that BRHYX experiences smaller price fluctuations and is considered to be less risky than BBGSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRHYX	BBGSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.05%	5.81%	-4.76%
Volatility (6M) Calculated over the trailing 6-month period	2.68%	14.48%	-11.80%
Volatility (1Y) Calculated over the trailing 1-year period	3.46%	18.05%	-14.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.27%	21.74%	-16.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.93%	20.99%	-15.06%

BRHYX vs. BBGSX - Expense Ratio Comparison

BRHYX has a 0.48% expense ratio, which is higher than BBGSX's 0.38% expense ratio.

Dividends

BRHYX vs. BBGSX - Dividend Comparison

BRHYX's dividend yield for the trailing twelve months is around 7.19%, while BBGSX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBGSX Bridge Builder Small/Mid Cap Growth Fund	0.00%	0.00%	0.58%	0.32%	0.19%	18.00%	12.59%	4.07%	6.12%	1.09%	0.36%	0.00%
BRHYX BlackRock High Yield K	7.19%	7.14%	7.56%	6.20%	4.98%	4.80%	5.22%	5.82%	6.48%	5.92%	6.03%	6.42%

Frequently Asked Questions

Can I hold both BRHYX and BBGSX in my portfolio?

BRHYX and BBGSX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRHYX or BBGSX?

BBGSX has higher volatility (5.81%) compared to BRHYX (1.05%). In terms of maximum drawdown, BRHYX dropped -34.77% vs BBGSX's -37.95%.

Which has better risk-adjusted returns?

BRHYX currently has the higher Sharpe Ratio (2.19 vs 0.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.