BRHYX vs. BBVSX

Last updated Jun 9, 2026

BRHYX (BlackRock High Yield K) and BBVSX (Bridge Builder Small/Mid Cap Value Fund) are both mutual funds - BRHYX is a High Yield Bonds fund managed by BlackRock, while BBVSX is a Mid Cap Value Equities fund managed by Bridge Builder. Over the past 10 years, BRHYX returned 5.89%/yr vs 8.83%/yr for BBVSX. A 0.50 correlation means they provide meaningful diversification when combined. BRHYX charges 0.48%/yr vs 0.41%/yr for BBVSX.

Performance

BRHYX vs. BBVSX - 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 Value Fund (BBVSX). 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 BBVSX's 11.31% return. Over the past 10 years, BRHYX has underperformed BBVSX with an annualized return of 5.89%, while BBVSX has yielded a comparatively higher 8.83% 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%

BBVSX

• 1D: -1.53%
• 1M: 0.13%
• YTD: 11.31%
• 6M: -0.32%
• 1Y: 10.04%
• 3Y*: 10.89%
• 5Y*: 5.20%
• 10Y*: 8.83%

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

BRHYX vs. BBVSX - 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%
BBVSX Bridge Builder Small/Mid Cap Value Fund	11.31%	-2.25%	10.61%	15.05%	-9.75%	28.14%	6.07%	28.04%	-14.47%	12.65%

Correlation

The correlation between BRHYX and BBVSX is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Apr 29, 2015	0.50

The correlation between BRHYX and BBVSX has been stable across timeframes, ranging from 0.50 to 0.54 - a consistent structural relationship.

Return for Risk

BRHYX vs. BBVSX — 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

BBVSX

BBVSX Risk / Return Rank: 9
BBVSX Sharpe Ratio Rank: 9
BBVSX Sortino Ratio Rank: 9
BBVSX Omega Ratio Rank: 10
BBVSX Calmar Ratio Rank: 11
BBVSX Martin Ratio Rank: 9

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. BBVSX - 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 Value Fund (BBVSX). 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	BBVSX	Difference
Sharpe ratio: Return per unit of total volatility	2.19	0.66	+1.53
Sortino ratio: Return per unit of downside risk	3.82	0.97	+2.85
Omega ratio: Gain probability vs. loss probability	1.50	1.14	+0.37
Calmar ratio: Return relative to maximum drawdown	3.16	0.89	+2.27
Martin ratio: Return relative to average drawdown	16.01	2.20	+13.81
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. BBVSX - Sharpe Ratio Comparison

The current BRHYX Sharpe Ratio is 2.19, which is higher than the BBVSX Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of BRHYX and BBVSX, 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	BBVSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	0.66	+1.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.27	+0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.00	0.42	+0.57
Sharpe Ratio (All Time) Calculated using the full available price history	1.23	0.38	+0.85

Drawdowns

BRHYX vs. BBVSX - Drawdown Comparison

The maximum BRHYX drawdown since its inception was -34.77%, smaller than the maximum BBVSX drawdown of -43.42%. Use the drawdown chart below to compare losses from any high point for BRHYX and BBVSX.

Drawdown Indicators

	BRHYX	BBVSX	Difference
Max Drawdown Largest peak-to-trough decline	-34.77%	-43.42%	+8.65%
Max Drawdown (1Y) Largest decline over 1 year	-2.40%	-13.05%	+10.65%
Max Drawdown (3Y) Largest decline over 3 years	-4.07%	-23.25%	+19.18%
Max Drawdown (5Y) Largest decline over 5 years	-15.29%	-23.25%	+7.96%
Max Drawdown (10Y) Largest decline over 10 years	-23.20%	-43.42%	+20.22%
Current Drawdown Current decline from peak	-0.42%	-3.07%	+2.65%
Average Drawdown Average peak-to-trough decline	-2.73%	-6.17%	+3.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.47%	5.20%	-4.73%

Volatility

BRHYX vs. BBVSX - Volatility Comparison

The current volatility for BlackRock High Yield K (BRHYX) is 1.05%, while Bridge Builder Small/Mid Cap Value Fund (BBVSX) has a volatility of 4.11%. This indicates that BRHYX experiences smaller price fluctuations and is considered to be less risky than BBVSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRHYX	BBVSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.05%	4.11%	-3.06%
Volatility (6M) Calculated over the trailing 6-month period	2.68%	14.11%	-11.43%
Volatility (1Y) Calculated over the trailing 1-year period	3.46%	17.49%	-14.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.27%	19.34%	-14.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.93%	21.01%	-15.08%

BRHYX vs. BBVSX - Expense Ratio Comparison

BRHYX has a 0.48% expense ratio, which is higher than BBVSX's 0.41% expense ratio.

Dividends

BRHYX vs. BBVSX - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBVSX Bridge Builder Small/Mid Cap Value Fund	0.00%	0.00%	6.75%	3.88%	7.57%	10.92%	2.38%	1.32%	5.03%	1.18%	0.82%	0.68%
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 BBVSX in my portfolio?

BRHYX and BBVSX have a correlation of 0.53, 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 BBVSX?

BBVSX has higher volatility (4.11%) compared to BRHYX (1.05%). In terms of maximum drawdown, BRHYX dropped -34.77% vs BBVSX's -43.42%.

Which has better risk-adjusted returns?

BRHYX currently has the higher Sharpe Ratio (2.19 vs 0.66), 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.