BRHYX vs. PDI
BRHYX (BlackRock High Yield K) is High Yield Bonds fund managed by BlackRock, while PDI (PIMCO Dynamic Income Fund) is a stock. Over the past 10 years, BRHYX returned 5.89%/yr vs 7.56%/yr for PDI. At a 0.35 correlation, their price movements are largely independent.
Performance
BRHYX vs. PDI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BRHYX achieves a 1.38% return, which is significantly higher than PDI's 0.27% return. Over the past 10 years, BRHYX has underperformed PDI with an annualized return of 5.89%, while PDI has yielded a comparatively higher 7.56% 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%
PDI
- 1D
- -0.54%
- 1M
- -4.51%
- YTD
- 0.27%
- 6M
- -0.40%
- 1Y
- 1.93%
- 3Y*
- 10.92%
- 5Y*
- 2.42%
- 10Y*
- 7.56%
BRHYX vs. PDI - 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% |
PDI PIMCO Dynamic Income Fund | 0.27% | 11.03% | 17.18% | 11.99% | -16.99% | 7.81% | -9.96% | 22.23% | 7.35% | 18.59% |
Correlation
The correlation between BRHYX and PDI is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since May 25, 2012 | 0.35 |
The correlation between BRHYX and PDI shifts across timeframes, from 0.35 (all time) to 0.45 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BRHYX vs. PDI — Risk / Return Rank
BRHYX
PDI
BRHYX vs. PDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock High Yield K (BRHYX) and PIMCO Dynamic Income Fund (PDI). 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 | PDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.02 | ||
| Sortino ratioReturn per unit of downside risk | +3.52 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.05 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 0.18 | +2.98 |
| Martin ratioReturn relative to average drawdown | 16.01 | 0.39 | +15.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BRHYX | PDI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 0.17 | +2.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.16 | +0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.00 | 0.40 | +0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.23 | 0.58 | +0.64 |
Drawdowns
BRHYX vs. PDI - Drawdown Comparison
The maximum BRHYX drawdown since its inception was -34.77%, smaller than the maximum PDI drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for BRHYX and PDI.
Loading charts...
Drawdown Indicators
| BRHYX | PDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.77% | -46.47% | +11.70% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -10.95% | +8.55% |
Max Drawdown (3Y)Largest decline over 3 years | -4.07% | -17.55% | +13.48% |
Max Drawdown (5Y)Largest decline over 5 years | -15.29% | -27.23% | +11.94% |
Max Drawdown (10Y)Largest decline over 10 years | -23.20% | -46.47% | +23.27% |
Current DrawdownCurrent decline from peak | -0.42% | -7.57% | +7.15% |
Average DrawdownAverage peak-to-trough decline | -2.73% | -6.22% | +3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 4.98% | -4.51% |
Volatility
BRHYX vs. PDI - Volatility Comparison
The current volatility for BlackRock High Yield K (BRHYX) is 1.05%, while PIMCO Dynamic Income Fund (PDI) has a volatility of 3.21%. This indicates that BRHYX experiences smaller price fluctuations and is considered to be less risky than PDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BRHYX | PDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 3.21% | -2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.68% | 8.14% | -5.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 11.24% | -7.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.27% | 15.53% | -10.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.93% | 19.05% | -13.12% |
Dividends
BRHYX vs. PDI - Dividend Comparison
BRHYX's dividend yield for the trailing twelve months is around 7.19%, less than PDI's 15.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PDI PIMCO Dynamic Income Fund | 15.84% | 14.94% | 14.43% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 18.70% |
Frequently Asked Questions
BRHYX and PDI have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDI has higher volatility (3.21%) compared to BRHYX (1.05%). In terms of maximum drawdown, BRHYX dropped -34.77% vs PDI's -46.47%.
BRHYX currently has the higher Sharpe Ratio (2.19 vs 0.17), 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.
Find the right allocation for BRHYX and PDI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer