HYT vs. PIAMX
HYT (BlackRock Corporate High Yield Fund) and PIAMX (PIA High Yield (MACS) Fund) are both High Yield Bonds funds. Over the past 5 years, HYT returned 2.68%/yr vs 4.11%/yr for PIAMX. At a 0.41 correlation, their price movements are largely independent. HYT charges 2.83%/yr vs 0.20%/yr for PIAMX.
Performance
HYT vs. PIAMX - Performance Comparison
Loading charts...
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with HYT at 1.55% and PIAMX at 1.55%.
HYT
- 1D
- 0.95%
- 1M
- 0.68%
- YTD
- 1.55%
- 6M
- 1.43%
- 1Y
- -1.71%
- 3Y*
- 9.67%
- 5Y*
- 2.68%
- 10Y*
- 7.62%
PIAMX
- 1D
- 0.00%
- 1M
- 0.83%
- YTD
- 1.55%
- 6M
- 1.74%
- 1Y
- 2.99%
- 3Y*
- 7.58%
- 5Y*
- 4.11%
- 10Y*
- —
HYT vs. PIAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HYT BlackRock Corporate High Yield Fund | 1.55% | 0.06% | 14.43% | 19.92% | -22.58% | 16.62% | 11.55% | 31.19% | -8.81% |
PIAMX PIA High Yield (MACS) Fund | 1.55% | 2.34% | 11.23% | 16.38% | -10.93% | 7.82% | 9.05% | 11.77% | -2.63% |
Correlation
The correlation between HYT and PIAMX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2018 | 0.41 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HYT vs. PIAMX — Risk / Return Rank
HYT
PIAMX
HYT vs. PIAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Corporate High Yield Fund (HYT) and PIA High Yield (MACS) Fund (PIAMX). 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 | PIAMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.21 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 0.87 | -1.04 |
| Martin ratioReturn relative to average drawdown | -0.40 | 2.59 | -2.99 |
Loading charts...
Drawdowns
HYT vs. PIAMX - Drawdown Comparison
The maximum HYT drawdown since its inception was -56.95%, which is greater than PIAMX's maximum drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for HYT and PIAMX.
Loading charts...
Drawdown Indicators
| HYT | PIAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.95% | -18.15% | -38.80% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -3.75% | -6.42% |
Max Drawdown (3Y)Largest decline over 3 years | -13.95% | -6.17% | -7.78% |
Max Drawdown (5Y)Largest decline over 5 years | -29.05% | -13.92% | -15.13% |
Max Drawdown (10Y)Largest decline over 10 years | -42.59% | — | — |
Current DrawdownCurrent decline from peak | -4.56% | 0.00% | -4.56% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -2.32% | -3.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | 1.25% | +3.07% |
Volatility
HYT vs. PIAMX - Volatility Comparison
BlackRock Corporate High Yield Fund (HYT) has a higher volatility of 2.04% compared to PIA High Yield (MACS) Fund (PIAMX) at 0.55%. This indicates that HYT's price experiences larger fluctuations and is considered to be riskier than PIAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HYT | PIAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.04% | 0.55% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 6.92% | 2.43% | +4.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.88% | 3.12% | +6.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 4.04% | +10.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.93% | 4.22% | +12.71% |
HYT vs. PIAMX - Expense Ratio Comparison
HYT has a 2.83% expense ratio, which is higher than PIAMX's 0.20% expense ratio.
Dividends
HYT vs. PIAMX - Dividend Comparison
HYT's dividend yield for the trailing twelve months is around 10.94%, more than PIAMX's 7.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYT BlackRock Corporate High Yield Fund | 10.94% | 10.50% | 9.53% | 9.91% | 9.80% | 7.58% | 8.18% | 7.92% | 9.20% | 7.68% | 8.23% | 10.18% |
PIAMX PIA High Yield (MACS) Fund | 7.84% | 9.12% | 8.49% | 8.12% | 7.99% | 8.64% | 6.63% | 6.96% | 7.14% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYT and PIAMX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYT has higher volatility (2.04%) compared to PIAMX (0.55%). In terms of maximum drawdown, HYT dropped -56.95% vs PIAMX's -18.15%.
PIAMX currently has the higher Sharpe Ratio (1.05 vs -0.17), 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.
Find the right allocation for HYT and PIAMX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer