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 6.88%/yr vs 7.67%/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 0.95% return, which is significantly higher than GOF's -7.16% return. Over the past 10 years, HYT has underperformed GOF with an annualized return of 6.88%, while GOF has yielded a comparatively higher 7.67% annualized return.
HYT
- 1D
- -0.47%
- 1M
- -0.49%
- 6M
- 0.55%
- YTD
- 0.95%
- 1Y
- -3.78%
- 3Y*
- 8.76%
- 5Y*
- 2.05%
- 10Y*
- 6.88%
GOF
- 1D
- -0.37%
- 1M
- 0.30%
- 6M
- -7.88%
- YTD
- -7.16%
- 1Y
- -14.29%
- 3Y*
- 2.60%
- 5Y*
- 0.33%
- 10Y*
- 7.67%
HYT vs. GOF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYT BlackRock Corporate High Yield Fund | 0.95% | 0.06% | 14.43% | 19.92% | -22.58% | 16.62% | 11.55% | 31.19% | -7.81% | 8.99% |
GOF Guggenheim Strategic Opportunities Fund | -7.16% | -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 0.37, 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 | 0.42 |
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 | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.86 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | -0.62 | +0.24 |
| Martin ratioReturn relative to average drawdown | -0.86 | -1.06 | +0.21 |
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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 | -5.12% | -17.30% | +12.18% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -7.11% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.42% | 13.46% | -9.04% |
Volatility
HYT vs. GOF - Volatility Comparison
The current volatility for BlackRock Corporate High Yield Fund (HYT) is 1.90%, while Guggenheim Strategic Opportunities Fund (GOF) has a volatility of 3.38%. 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 | 1.90% | 3.38% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 6.90% | 10.75% | -3.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.89% | 18.18% | -8.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.43% | 18.20% | -3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.91% | 19.53% | -2.62% |
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 11.00%, less than GOF's 20.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOF Guggenheim Strategic Opportunities Fund | 20.07% | 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 | 11.00% | 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 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOF has higher volatility (3.38%) compared to HYT (1.90%). In terms of maximum drawdown, HYT dropped -56.95% vs GOF's -54.66%.
HYT currently has the higher Sharpe Ratio (-0.38 vs -0.79), 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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