HYT vs. FOCIX
HYT (BlackRock Corporate High Yield Fund) and FOCIX (Fairholme Focused Income Fund) are both High Yield Bonds funds. Over the past 10 years, HYT returned 6.94%/yr vs 7.15%/yr for FOCIX. At a 0.28 correlation, their price movements are largely independent. HYT charges 2.83%/yr vs 1.00%/yr for FOCIX.
Performance
HYT vs. FOCIX - Performance Comparison
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Returns By Period
In the year-to-date period, HYT achieves a 1.52% return, which is significantly lower than FOCIX's 9.27% return. Both investments have delivered pretty close results over the past 10 years, with HYT having a 6.94% annualized return and FOCIX not far ahead at 7.15%.
HYT
- 1D
- 0.09%
- 1M
- -0.14%
- 6M
- 1.69%
- YTD
- 1.52%
- 1Y
- -3.51%
- 3Y*
- 8.97%
- 5Y*
- 2.58%
- 10Y*
- 6.94%
FOCIX
- 1D
- -0.88%
- 1M
- 1.93%
- 6M
- 8.00%
- YTD
- 9.27%
- 1Y
- 11.19%
- 3Y*
- 11.75%
- 5Y*
- 10.17%
- 10Y*
- 7.15%
HYT vs. FOCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYT BlackRock Corporate High Yield Fund | 1.52% | 0.06% | 14.43% | 19.92% | -22.58% | 16.62% | 11.55% | 31.19% | -7.81% | 8.99% |
FOCIX Fairholme Focused Income Fund | 9.27% | 6.17% | 14.67% | 12.58% | 6.00% | 6.73% | 0.99% | 7.44% | -6.88% | -0.54% |
Correlation
The correlation between HYT and FOCIX is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2010 | 0.28 |
The correlation between HYT and FOCIX shifts across timeframes, from -0.02 (1 year) to 0.32 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HYT vs. FOCIX — Risk / Return Rank
HYT
FOCIX
HYT vs. FOCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Corporate High Yield Fund (HYT) and Fairholme Focused Income Fund (FOCIX). 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 | FOCIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.24 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 3.03 | -3.37 |
| Martin ratioReturn relative to average drawdown | -0.79 | 8.40 | -9.20 |
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Drawdowns
HYT vs. FOCIX - Drawdown Comparison
The maximum HYT drawdown since its inception was -56.95%, which is greater than FOCIX's maximum drawdown of -18.78%. Use the drawdown chart below to compare losses from any high point for HYT and FOCIX.
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Drawdown Indicators
| HYT | FOCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.95% | -18.78% | -38.17% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -3.33% | -6.84% |
Max Drawdown (3Y)Largest decline over 3 years | -13.95% | -7.96% | -5.99% |
Max Drawdown (5Y)Largest decline over 5 years | -29.05% | -12.36% | -16.69% |
Max Drawdown (10Y)Largest decline over 10 years | -42.59% | -18.61% | -23.98% |
Current DrawdownCurrent decline from peak | -4.59% | -0.88% | -3.71% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -4.74% | -1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 1.22% | +3.22% |
Volatility
HYT vs. FOCIX - Volatility Comparison
The current volatility for BlackRock Corporate High Yield Fund (HYT) is 1.93%, while Fairholme Focused Income Fund (FOCIX) has a volatility of 3.03%. This indicates that HYT experiences smaller price fluctuations and is considered to be less risky than FOCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYT | FOCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.93% | 3.03% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 6.90% | 6.12% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.88% | 7.76% | +2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.43% | 9.61% | +4.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.91% | 9.11% | +7.80% |
HYT vs. FOCIX - Expense Ratio Comparison
HYT has a 2.83% expense ratio, which is higher than FOCIX's 1.00% expense ratio.
Dividends
HYT vs. FOCIX - Dividend Comparison
HYT's dividend yield for the trailing twelve months is around 11.04%, more than FOCIX's 1.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOCIX Fairholme Focused Income Fund | 1.15% | 1.31% | 2.46% | 2.82% | 2.24% | 1.12% | 0.65% | 2.75% | 4.57% | 9.83% | 5.16% | 5.51% |
HYT BlackRock Corporate High Yield Fund | 11.04% | 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 FOCIX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FOCIX has higher volatility (3.03%) compared to HYT (1.93%). In terms of maximum drawdown, HYT dropped -56.95% vs FOCIX's -18.78%.
FOCIX currently has the higher Sharpe Ratio (1.30 vs -0.36), 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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