HYT vs. IWMI

Last updated Apr 2, 2026

Compare and contrast key facts about BlackRock Corporate High Yield Fund (HYT) and NEOS Russell 2000 High Income ETF (IWMI).

HYT is an actively managed fund by BlackRock. It was launched on May 30, 2003. IWMI is an actively managed fund by Neos. It was launched on Jun 24, 2024.

Performance

HYT vs. IWMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Corporate High Yield Fund (HYT) and NEOS Russell 2000 High Income ETF (IWMI). The values are adjusted to include any dividend payments, if applicable.

HYT vs. IWMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HYT BlackRock Corporate High Yield Fund	-1.34%	0.06%	5.59%
IWMI NEOS Russell 2000 High Income ETF	1.35%	14.97%	6.61%

Returns By Period

In the year-to-date period, HYT achieves a -1.34% return, which is significantly lower than IWMI's 1.35% return.

HYT

• 1D: 0.35%
• 1M: -1.62%
• YTD: -1.34%
• 6M: -5.41%
• 1Y: -1.51%
• 3Y*: 9.77%
• 5Y*: 3.28%
• 10Y*: 7.70%

IWMI

• 1D: 0.42%
• 1M: -4.18%
• YTD: 1.35%
• 6M: 4.98%
• 1Y: 26.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYT vs. IWMI - Expense Ratio Comparison

HYT has a 2.83% expense ratio, which is higher than IWMI's 0.68% expense ratio.

HYT

BlackRock Corporate High Yield Fund

IWMI

NEOS Russell 2000 High Income ETF

Return for Risk

HYT vs. IWMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYT

HYT Risk / Return Rank: 4
HYT Sharpe Ratio Rank: 4
HYT Sortino Ratio Rank: 4
HYT Omega Ratio Rank: 4
HYT Calmar Ratio Rank: 5
HYT Martin Ratio Rank: 4

IWMI

IWMI Risk / Return Rank: 76
IWMI Sharpe Ratio Rank: 74
IWMI Sortino Ratio Rank: 76
IWMI Omega Ratio Rank: 71
IWMI Calmar Ratio Rank: 76
IWMI Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYT vs. IWMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Corporate High Yield Fund (HYT) and NEOS Russell 2000 High Income ETF (IWMI). 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.

	HYT	IWMI	Difference
Sharpe ratio Return per unit of total volatility	-0.09	1.37	-1.46
Sortino ratio Return per unit of downside risk	-0.01	1.98	-1.99
Omega ratio Gain probability vs. loss probability	1.00	1.27	-0.27
Calmar ratio Return relative to maximum drawdown	-0.11	2.09	-2.20
Martin ratio Return relative to average drawdown	-0.33	9.62	-9.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYT vs. IWMI - Sharpe Ratio Comparison

The current HYT Sharpe Ratio is -0.09, which is lower than the IWMI Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of HYT and IWMI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HYT	IWMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.09	1.37	-1.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.72	-0.30

Correlation

The correlation between HYT and IWMI is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HYT vs. IWMI - Dividend Comparison

HYT's dividend yield for the trailing twelve months is around 10.93%, less than IWMI's 14.42% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYT BlackRock Corporate High Yield Fund	10.93%	10.50%	9.53%	9.91%	9.80%	7.58%	8.18%	7.92%	9.20%	7.68%	8.23%	10.18%
IWMI NEOS Russell 2000 High Income ETF	14.42%	14.05%	8.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

HYT vs. IWMI - Drawdown Comparison

The maximum HYT drawdown since its inception was -56.95%, which is greater than IWMI's maximum drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for HYT and IWMI.

Drawdown Indicators

	HYT	IWMI	Difference
Max Drawdown Largest peak-to-trough decline	-56.95%	-23.88%	-33.07%
Max Drawdown (1Y) Largest decline over 1 year	-11.70%	-12.42%	+0.72%
Max Drawdown (5Y) Largest decline over 5 years	-29.05%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.59%	—	—
Current Drawdown Current decline from peak	-7.28%	-4.80%	-2.48%
Average Drawdown Average peak-to-trough decline	-5.91%	-4.44%	-1.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.99%	2.70%	+1.29%

Volatility

HYT vs. IWMI - Volatility Comparison

The current volatility for BlackRock Corporate High Yield Fund (HYT) is 4.61%, while NEOS Russell 2000 High Income ETF (IWMI) has a volatility of 6.95%. This indicates that HYT experiences smaller price fluctuations and is considered to be less risky than IWMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYT	IWMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.61%	6.95%	-2.34%
Volatility (6M) Calculated over the trailing 6-month period	8.01%	11.89%	-3.88%
Volatility (1Y) Calculated over the trailing 1-year period	16.89%	19.09%	-2.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.47%	18.28%	-3.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.92%	18.28%	-1.36%