HYT vs. BGSAX
HYT (BlackRock Corporate High Yield Fund) and BGSAX (BlackRock Technology Opportunities Fund Investor A) are both mutual funds - HYT is a High Yield Bonds fund actively managed by BlackRock, while BGSAX is a Technology Equities fund actively managed by BlackRock. Both are actively managed. Over the past 10 years, HYT returned 6.82%/yr vs 23.85%/yr for BGSAX. Their 0.39 correlation means their historical movements had little consistent relationship. HYT charges 2.83%/yr vs 1.14%/yr for BGSAX.
Performance
HYT vs. BGSAX - Performance Comparison
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Returns By Period
In the year-to-date period, HYT achieves a 1.16% return, which is significantly lower than BGSAX's 31.60% return. Over the past 10 years, HYT has underperformed BGSAX with an annualized return of 6.82%, while BGSAX has yielded a comparatively higher 23.85% annualized return.
HYT
- 1D
- 0.48%
- 1M
- -0.61%
- 6M
- 0.67%
- YTD
- 1.16%
- 1Y
- -4.44%
- 3Y*
- 8.07%
- 5Y*
- 1.88%
- 10Y*
- 6.82%
- ALL TIME*
- 7.63%
BGSAX
- 1D
- 4.40%
- 1M
- -2.85%
- 6M
- 35.15%
- YTD
- 31.60%
- 1Y
- 40.94%
- 3Y*
- 34.64%
- 5Y*
- 12.85%
- 10Y*
- 23.85%
- ALL TIME*
- 10.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $7.13M | $6.67M | $6.54M |
HYT vs. BGSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYT BlackRock Corporate High Yield Fund | 1.16% | 0.06% | 14.43% | 19.92% | -22.58% | 16.62% | 11.55% | 31.19% | -7.81% | 8.99% |
BGSAX BlackRock Technology Opportunities Fund Investor A | 31.60% | 19.63% | 40.56% | 49.09% | -43.13% | 8.19% | 86.27% | 43.84% | 2.03% | 49.45% |
Correlation
The correlation between HYT and BGSAX is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.42 |
Correlation (All Time) Calculated using the full available price history since May 29, 2003 | 0.39 |
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Return for Risk
HYT vs. BGSAX — Risk / Return Rank
HYT
BGSAX
HYT vs. BGSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Corporate High Yield Fund (HYT) and BlackRock Technology Opportunities Fund Investor A (BGSAX). 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 | BGSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.22 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 1.90 | -2.34 |
| Martin ratioReturn relative to average drawdown | -0.96 | 5.40 | -6.36 |
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Drawdowns
HYT vs. BGSAX - Drawdown Comparison
The maximum HYT drawdown since its inception was -56.95%, smaller than the maximum BGSAX drawdown of -73.75%. Use the drawdown chart below to compare losses from any high point for HYT and BGSAX.
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Drawdown Indicators
| HYT | BGSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.95% | -73.75% | +16.80% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -20.84% | +10.67% |
Max Drawdown (3Y)Largest decline over 3 years | -13.95% | -27.75% | +13.80% |
Max Drawdown (5Y)Largest decline over 5 years | -29.05% | -49.22% | +20.17% |
Max Drawdown (10Y)Largest decline over 10 years | -42.59% | -49.22% | +6.63% |
Current DrawdownCurrent decline from peak | -4.92% | -8.60% | +3.68% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -26.25% | +20.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.64% | 7.31% | -2.67% |
Volatility
HYT vs. BGSAX - Volatility Comparison
The current volatility for BlackRock Corporate High Yield Fund (HYT) is 1.80%, while BlackRock Technology Opportunities Fund Investor A (BGSAX) has a volatility of 14.36%. This indicates that HYT experiences smaller price fluctuations and is considered to be less risky than BGSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYT | BGSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.80% | 14.36% | -12.56% |
Volatility (6M)Calculated over the trailing 6-month period | 6.81% | 28.75% | -21.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.91% | 32.50% | -22.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.38% | 29.29% | -14.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.90% | 26.67% | -9.77% |
HYT vs. BGSAX - Expense Ratio Comparison
HYT has a 2.83% expense ratio, which is higher than BGSAX's 1.14% expense ratio.
Dividends
HYT vs. BGSAX - Dividend Comparison
HYT's dividend yield for the trailing twelve months is around 11.08%, less than BGSAX's 16.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGSAX BlackRock Technology Opportunities Fund Investor A | 16.16% | 13.55% | 8.68% | 0.00% | 0.00% | 7.66% | 4.86% | 1.50% | 1.24% | 8.01% | 1.17% | 0.00% |
HYT BlackRock Corporate High Yield Fund | 11.08% | 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 BGSAX 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.
BGSAX has higher volatility (14.36%) compared to HYT (1.80%). In terms of maximum drawdown, HYT dropped -56.95% vs BGSAX's -73.75%.
BGSAX currently has the higher Sharpe Ratio (1.22 vs -0.45), 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.
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