BRHYX vs. PRCPX
Compare and contrast key facts about BlackRock High Yield K (BRHYX) and T. Rowe Price Credit Opportunities Fund (PRCPX).
BRHYX is managed by BlackRock. It was launched on Jan 5, 2001. PRCPX is a passively managed fund by T. Rowe Price that tracks the performance of the Bloomberg US High-Yield 2% Issuer Capped Bond Index. It was launched on Apr 29, 2014.
Performance
BRHYX vs. PRCPX - Performance Comparison
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BRHYX vs. PRCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRHYX BlackRock High Yield K | -1.15% | 9.44% | 8.65% | 13.26% | -11.18% | 5.47% | 5.98% | 15.65% | -2.67% | 8.34% |
PRCPX T. Rowe Price Credit Opportunities Fund | 0.37% | 14.80% | 7.46% | 14.90% | -10.50% | 6.36% | 5.55% | 13.77% | -1.44% | 6.80% |
Returns By Period
In the year-to-date period, BRHYX achieves a -1.15% return, which is significantly lower than PRCPX's 0.37% return. Over the past 10 years, BRHYX has underperformed PRCPX with an annualized return of 6.08%, while PRCPX has yielded a comparatively higher 6.88% annualized return.
BRHYX
- 1D
- 0.57%
- 1M
- -1.53%
- YTD
- -1.15%
- 6M
- 0.50%
- 1Y
- 7.13%
- 3Y*
- 8.60%
- 5Y*
- 4.26%
- 10Y*
- 6.08%
PRCPX
- 1D
- 0.51%
- 1M
- -1.12%
- YTD
- 0.37%
- 6M
- 3.54%
- 1Y
- 14.12%
- 3Y*
- 10.79%
- 5Y*
- 5.93%
- 10Y*
- 6.88%
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BRHYX vs. PRCPX - Expense Ratio Comparison
BRHYX has a 0.48% expense ratio, which is lower than PRCPX's 0.81% expense ratio.
Return for Risk
BRHYX vs. PRCPX — Risk / Return Rank
BRHYX
PRCPX
BRHYX vs. PRCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock High Yield K (BRHYX) and T. Rowe Price Credit Opportunities Fund (PRCPX). 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 | PRCPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.83 | 3.49 | -1.66 |
Sortino ratioReturn per unit of downside risk | 2.61 | 5.55 | -2.94 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.93 | -0.52 |
Calmar ratioReturn relative to maximum drawdown | 2.38 | 4.86 | -2.49 |
Martin ratioReturn relative to average drawdown | 10.96 | 22.46 | -11.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BRHYX | PRCPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 3.49 | -1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 1.24 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.03 | 1.27 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.22 | 0.88 | +0.33 |
Correlation
The correlation between BRHYX and PRCPX is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BRHYX vs. PRCPX - Dividend Comparison
BRHYX's dividend yield for the trailing twelve months is around 6.71%, less than PRCPX's 12.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRHYX BlackRock High Yield K | 6.71% | 7.14% | 7.56% | 6.20% | 4.98% | 4.80% | 5.22% | 5.82% | 6.48% | 5.92% | 6.03% | 6.42% |
PRCPX T. Rowe Price Credit Opportunities Fund | 12.83% | 12.19% | 7.03% | 7.88% | 4.89% | 5.11% | 5.36% | 5.18% | 5.72% | 4.95% | 5.88% | 7.58% |
Drawdowns
BRHYX vs. PRCPX - Drawdown Comparison
The maximum BRHYX drawdown since its inception was -34.77%, which is greater than PRCPX's maximum drawdown of -23.07%. Use the drawdown chart below to compare losses from any high point for BRHYX and PRCPX.
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Drawdown Indicators
| BRHYX | PRCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.77% | -23.07% | -11.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -3.03% | -0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -15.29% | -14.34% | -0.95% |
Max Drawdown (10Y)Largest decline over 10 years | -23.20% | -23.07% | -0.13% |
Current DrawdownCurrent decline from peak | -1.71% | -1.24% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -2.75% | -3.16% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.66% | +0.05% |
Volatility
BRHYX vs. PRCPX - Volatility Comparison
BlackRock High Yield K (BRHYX) has a higher volatility of 1.45% compared to T. Rowe Price Credit Opportunities Fund (PRCPX) at 1.24%. This indicates that BRHYX's price experiences larger fluctuations and is considered to be riskier than PRCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRHYX | PRCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 1.24% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.44% | 2.48% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.01% | 4.12% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.22% | 4.79% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.93% | 5.45% | +0.48% |