HYT vs. BDJ
HYT (BlackRock Corporate High Yield Fund) and BDJ (BlackRock Enhanced Equity Dividend Fund) are both mutual funds - HYT is a High Yield Bonds fund actively managed by BlackRock, while BDJ is a Derivative Income fund managed by BlackRock. Over the past 10 years, HYT returned 7.62%/yr vs 10.85%/yr for BDJ. At a 0.45 correlation, their price movements are largely independent. HYT charges 2.83%/yr vs 0.86%/yr for BDJ.
Performance
HYT vs. BDJ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HYT achieves a 1.55% return, which is significantly lower than BDJ's 3.44% return. Over the past 10 years, HYT has underperformed BDJ with an annualized return of 7.62%, while BDJ has yielded a comparatively higher 10.85% annualized return.
HYT
- 1D
- 0.95%
- 1M
- 0.68%
- YTD
- 1.55%
- 6M
- 1.43%
- 1Y
- -1.71%
- 3Y*
- 9.67%
- 5Y*
- 2.68%
- 10Y*
- 7.62%
BDJ
- 1D
- 1.07%
- 1M
- 2.96%
- YTD
- 3.44%
- 6M
- 5.22%
- 1Y
- 18.75%
- 3Y*
- 14.85%
- 5Y*
- 8.00%
- 10Y*
- 10.85%
HYT vs. BDJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYT BlackRock Corporate High Yield Fund | 1.55% | 0.06% | 14.43% | 19.92% | -22.58% | 16.62% | 11.55% | 31.19% | -7.81% | 8.99% |
BDJ BlackRock Enhanced Equity Dividend Fund | 3.44% | 26.12% | 16.87% | -6.67% | 0.83% | 26.56% | -7.58% | 37.43% | -10.42% | 20.78% |
Correlation
The correlation between HYT and BDJ is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2005 | 0.45 |
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
HYT vs. BDJ — Risk / Return Rank
HYT
BDJ
HYT vs. BDJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Corporate High Yield Fund (HYT) and BlackRock Enhanced Equity Dividend Fund (BDJ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HYT | BDJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.37 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.27 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 1.53 | -1.70 |
| Martin ratioReturn relative to average drawdown | -0.40 | 5.58 | -5.98 |
Loading charts...
Drawdowns
HYT vs. BDJ - Drawdown Comparison
The maximum HYT drawdown since its inception was -56.95%, roughly equal to the maximum BDJ drawdown of -59.46%. Use the drawdown chart below to compare losses from any high point for HYT and BDJ.
Loading charts...
Drawdown Indicators
| HYT | BDJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.95% | -59.46% | +2.51% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -12.28% | +2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -13.95% | -15.70% | +1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -29.05% | -21.39% | -7.66% |
Max Drawdown (10Y)Largest decline over 10 years | -42.59% | -48.14% | +5.55% |
Current DrawdownCurrent decline from peak | -4.56% | -0.21% | -4.35% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -8.94% | +3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | 3.37% | +0.95% |
Volatility
HYT vs. BDJ - Volatility Comparison
The current volatility for BlackRock Corporate High Yield Fund (HYT) is 2.04%, while BlackRock Enhanced Equity Dividend Fund (BDJ) has a volatility of 3.59%. This indicates that HYT experiences smaller price fluctuations and is considered to be less risky than BDJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HYT | BDJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.04% | 3.59% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 6.92% | 9.43% | -2.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.88% | 12.17% | -2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 16.11% | -1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.93% | 18.41% | -1.48% |
HYT vs. BDJ - Expense Ratio Comparison
HYT has a 2.83% expense ratio, which is higher than BDJ's 0.86% expense ratio.
Dividends
HYT vs. BDJ - Dividend Comparison
HYT's dividend yield for the trailing twelve months is around 10.94%, more than BDJ's 9.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDJ BlackRock Enhanced Equity Dividend Fund | 9.09% | 9.03% | 8.21% | 9.49% | 12.18% | 5.95% | 7.08% | 6.66% | 7.21% | 6.07% | 6.88% | 7.36% |
HYT BlackRock Corporate High Yield Fund | 10.94% | 10.50% | 9.53% | 9.91% | 9.80% | 7.58% | 8.18% | 7.92% | 9.20% | 7.68% | 8.23% | 10.18% |
Frequently Asked Questions
HYT and BDJ have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDJ has higher volatility (3.59%) compared to HYT (2.04%). In terms of maximum drawdown, HYT dropped -56.95% vs BDJ's -59.46%.
BDJ currently has the higher Sharpe Ratio (1.55 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 HYT and BDJ
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