HYT vs. GOF
HYT (BlackRock Corporate High Yield Fund) and GOF (Guggenheim Strategic Opportunities Fund) are both mutual funds - HYT is a High Yield Bonds fund actively managed by BlackRock, while GOF is a Multisector Bonds fund actively managed by Guggenheim. Both are actively managed. Over the past 10 years, HYT returned 7.38%/yr vs 7.66%/yr for GOF. At a 0.37 correlation, their price movements are largely independent. HYT charges 2.83%/yr vs 1.89%/yr for GOF.
Performance
HYT vs. GOF - Performance Comparison
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Returns By Period
In the year-to-date period, HYT achieves a 0.83% return, which is significantly higher than GOF's -9.63% return. Both investments have delivered pretty close results over the past 10 years, with HYT having a 7.38% annualized return and GOF not far ahead at 7.66%.
HYT
- 1D
- -0.12%
- 1M
- 0.56%
- YTD
- 0.83%
- 6M
- 0.72%
- 1Y
- -1.99%
- 3Y*
- 9.49%
- 5Y*
- 2.26%
- 10Y*
- 7.38%
GOF
- 1D
- -1.30%
- 1M
- -2.82%
- YTD
- -9.63%
- 6M
- -5.68%
- 1Y
- -13.71%
- 3Y*
- 2.87%
- 5Y*
- 0.07%
- 10Y*
- 7.66%
HYT vs. GOF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYT BlackRock Corporate High Yield Fund | 0.83% | 0.06% | 14.43% | 19.92% | -22.58% | 16.62% | 11.55% | 31.19% | -7.81% | 8.99% |
GOF Guggenheim Strategic Opportunities Fund | -9.63% | -1.92% | 38.04% | -3.04% | -5.78% | 4.90% | 21.51% | 10.51% | -5.95% | 22.01% |
Correlation
The correlation between HYT and GOF is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2007 | 0.37 |
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Return for Risk
HYT vs. GOF — Risk / Return Rank
HYT
GOF
HYT vs. GOF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Corporate High Yield Fund (HYT) and Guggenheim Strategic Opportunities Fund (GOF). 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 | GOF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.86 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | -0.59 | +0.40 |
| Martin ratioReturn relative to average drawdown | -0.47 | -1.07 | +0.60 |
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Drawdowns
HYT vs. GOF - Drawdown Comparison
The maximum HYT drawdown since its inception was -56.95%, roughly equal to the maximum GOF drawdown of -54.66%. Use the drawdown chart below to compare losses from any high point for HYT and GOF.
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Drawdown Indicators
| HYT | GOF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.95% | -54.66% | -2.29% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -23.24% | +13.07% |
Max Drawdown (3Y)Largest decline over 3 years | -13.95% | -28.56% | +14.61% |
Max Drawdown (5Y)Largest decline over 5 years | -29.05% | -32.41% | +3.36% |
Max Drawdown (10Y)Largest decline over 10 years | -42.59% | -38.50% | -4.09% |
Current DrawdownCurrent decline from peak | -5.23% | -19.50% | +14.27% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -7.08% | +1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.30% | 12.84% | -8.54% |
Volatility
HYT vs. GOF - Volatility Comparison
The current volatility for BlackRock Corporate High Yield Fund (HYT) is 1.88%, while Guggenheim Strategic Opportunities Fund (GOF) has a volatility of 3.40%. This indicates that HYT experiences smaller price fluctuations and is considered to be less risky than GOF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYT | GOF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 3.40% | -1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 6.89% | 11.11% | -4.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.88% | 18.04% | -8.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 18.19% | -3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.93% | 19.54% | -2.61% |
HYT vs. GOF - Expense Ratio Comparison
HYT has a 2.83% expense ratio, which is higher than GOF's 1.89% expense ratio.
Dividends
HYT vs. GOF - Dividend Comparison
HYT's dividend yield for the trailing twelve months is around 11.01%, less than GOF's 20.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOF Guggenheim Strategic Opportunities Fund | 20.62% | 16.97% | 14.32% | 17.07% | 14.36% | 11.93% | 11.26% | 12.08% | 11.96% | 10.13% | 11.13% | 12.98% |
HYT BlackRock Corporate High Yield Fund | 11.01% | 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 GOF have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOF has higher volatility (3.40%) compared to HYT (1.88%). In terms of maximum drawdown, HYT dropped -56.95% vs GOF's -54.66%.
HYT currently has the higher Sharpe Ratio (-0.20 vs -0.76), 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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