HYT vs. CRDOX
HYT (BlackRock Corporate High Yield Fund) and CRDOX (Six Circles Credit Opportunities Fund) are both High Yield Bonds funds. Over the past 5 years, HYT returned 2.68%/yr vs 3.23%/yr for CRDOX. At a 0.39 correlation, their price movements are largely independent. HYT charges 2.83%/yr vs 0.29%/yr for CRDOX.
Performance
HYT vs. CRDOX - Performance Comparison
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Returns By Period
In the year-to-date period, HYT achieves a 1.55% return, which is significantly lower than CRDOX's 2.48% 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%
CRDOX
- 1D
- 0.11%
- 1M
- 0.94%
- YTD
- 2.48%
- 6M
- 2.60%
- 1Y
- 7.53%
- 3Y*
- 8.15%
- 5Y*
- 3.23%
- 10Y*
- —
HYT vs. CRDOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HYT BlackRock Corporate High Yield Fund | 1.55% | 0.06% | 14.43% | 19.92% | -22.58% | 16.62% | 2.89% |
CRDOX Six Circles Credit Opportunities Fund | 2.48% | 7.48% | 8.69% | 8.06% | -10.62% | 2.66% | 1.71% |
Correlation
The correlation between HYT and CRDOX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2020 | 0.39 |
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Return for Risk
HYT vs. CRDOX — Risk / Return Rank
HYT
CRDOX
HYT vs. CRDOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Corporate High Yield Fund (HYT) and Six Circles Credit Opportunities Fund (CRDOX). 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 | CRDOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.88 | ||
| Sortino ratioReturn per unit of downside risk | -4.53 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.65 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 2.85 | -3.02 |
| Martin ratioReturn relative to average drawdown | -0.40 | 12.61 | -13.01 |
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Drawdowns
HYT vs. CRDOX - Drawdown Comparison
The maximum HYT drawdown since its inception was -56.95%, which is greater than CRDOX's maximum drawdown of -15.92%. Use the drawdown chart below to compare losses from any high point for HYT and CRDOX.
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Drawdown Indicators
| HYT | CRDOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.95% | -15.92% | -41.03% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -2.70% | -7.47% |
Max Drawdown (3Y)Largest decline over 3 years | -13.95% | -4.66% | -9.29% |
Max Drawdown (5Y)Largest decline over 5 years | -29.05% | -15.92% | -13.13% |
Max Drawdown (10Y)Largest decline over 10 years | -42.59% | — | — |
Current DrawdownCurrent decline from peak | -4.56% | 0.00% | -4.56% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -3.49% | -2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | 0.61% | +3.71% |
Volatility
HYT vs. CRDOX - Volatility Comparison
BlackRock Corporate High Yield Fund (HYT) has a higher volatility of 2.04% compared to Six Circles Credit Opportunities Fund (CRDOX) at 0.62%. This indicates that HYT's price experiences larger fluctuations and is considered to be riskier than CRDOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYT | CRDOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.04% | 0.62% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 6.92% | 2.31% | +4.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.88% | 2.86% | +7.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 4.15% | +10.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.93% | 4.01% | +12.92% |
HYT vs. CRDOX - Expense Ratio Comparison
HYT has a 2.83% expense ratio, which is higher than CRDOX's 0.29% expense ratio.
Dividends
HYT vs. CRDOX - Dividend Comparison
HYT's dividend yield for the trailing twelve months is around 10.94%, more than CRDOX's 6.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRDOX Six Circles Credit Opportunities Fund | 6.58% | 5.18% | 6.96% | 6.86% | 5.82% | 2.73% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 CRDOX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYT has higher volatility (2.04%) compared to CRDOX (0.62%). In terms of maximum drawdown, HYT dropped -56.95% vs CRDOX's -15.92%.
CRDOX currently has the higher Sharpe Ratio (2.70 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.
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