HYT vs. PDI
HYT (BlackRock Corporate High Yield Fund) is High Yield Bonds fund actively managed by BlackRock, while PDI (PIMCO Dynamic Income Fund) is a stock. Over the past 10 years, HYT returned 6.89%/yr vs 6.63%/yr for PDI. Their 0.38 correlation means their historical movements had little consistent relationship.
Performance
HYT vs. PDI - Performance Comparison
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Returns By Period
In the year-to-date period, HYT achieves a 0.32% return, which is significantly higher than PDI's -1.34% return. Both investments have delivered pretty close results over the past 10 years, with HYT having a 6.89% annualized return and PDI not far behind at 6.63%.
HYT
- 1D
- -0.24%
- 1M
- -1.32%
- 6M
- -0.51%
- YTD
- 0.32%
- 1Y
- -4.94%
- 3Y*
- 7.57%
- 5Y*
- 1.90%
- 10Y*
- 6.89%
- ALL TIME*
- 7.60%
PDI
- 1D
- -0.68%
- 1M
- -2.92%
- 6M
- -5.41%
- YTD
- -1.34%
- 1Y
- -3.63%
- 3Y*
- 8.66%
- 5Y*
- 2.52%
- 10Y*
- 6.63%
- ALL TIME*
- 9.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.36M | $6.21M | $6.32M | |
| $42.57M | $40.75M | $45.28M |
HYT vs. PDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYT BlackRock Corporate High Yield Fund | 0.32% | 0.06% | 14.43% | 19.92% | -22.58% | 16.62% | 11.55% | 31.19% | -7.81% | 8.99% |
PDI PIMCO Dynamic Income Fund | -1.34% | 11.03% | 17.18% | 11.99% | -16.99% | 7.81% | -9.96% | 22.23% | 7.35% | 18.59% |
Correlation
The correlation between HYT and PDI is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.40 |
Correlation (All Time) Calculated using the full available price history since May 25, 2012 | 0.38 |
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Return for Risk
HYT vs. PDI — Risk / Return Rank
HYT
PDI
HYT vs. PDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Corporate High Yield Fund (HYT) and PIMCO Dynamic Income Fund (PDI). 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 | PDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.95 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | -0.32 | -0.16 |
| Martin ratioReturn relative to average drawdown | -1.08 | -0.61 | -0.46 |
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Drawdowns
HYT vs. PDI - Drawdown Comparison
The maximum HYT drawdown since its inception was -56.95%, which is greater than PDI's maximum drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for HYT and PDI.
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Drawdown Indicators
| HYT | PDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.95% | -46.47% | -10.48% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -10.95% | +0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -13.95% | -17.55% | +3.60% |
Max Drawdown (5Y)Largest decline over 5 years | -29.05% | -27.19% | -1.86% |
Max Drawdown (10Y)Largest decline over 10 years | -42.59% | -46.47% | +3.88% |
Current DrawdownCurrent decline from peak | -5.71% | -9.05% | +3.34% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -6.23% | +0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.60% | 5.78% | -1.18% |
Volatility
HYT vs. PDI - Volatility Comparison
The current volatility for BlackRock Corporate High Yield Fund (HYT) is 1.72%, while PIMCO Dynamic Income Fund (PDI) has a volatility of 3.04%. This indicates that HYT experiences smaller price fluctuations and is considered to be less risky than PDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYT | PDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 3.04% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 6.81% | 8.89% | -2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.90% | 11.83% | -1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.38% | 15.58% | -1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.90% | 19.05% | -2.15% |
Dividends
HYT vs. PDI - Dividend Comparison
HYT's dividend yield for the trailing twelve months is around 11.18%, less than PDI's 16.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYT BlackRock Corporate High Yield Fund | 11.18% | 10.50% | 9.53% | 9.91% | 9.80% | 7.58% | 8.18% | 7.92% | 9.20% | 7.68% | 8.23% | 10.18% |
PDI PIMCO Dynamic Income Fund | 16.54% | 14.94% | 14.43% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 18.70% |
Frequently Asked Questions
HYT and PDI have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDI has higher volatility (3.04%) compared to HYT (1.72%). In terms of maximum drawdown, HYT dropped -56.95% vs PDI's -46.47%.
PDI currently has the higher Sharpe Ratio (-0.30 vs -0.50), 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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