HYT vs. PSHNX
HYT (BlackRock Corporate High Yield Fund) and PSHNX (Penn Capital Short Duration High Income Fund) are both High Yield Bonds funds. Over the past 5 years, HYT returned 2.48%/yr vs 4.83%/yr for PSHNX. At a 0.44 correlation, their price movements are largely independent. HYT charges 2.83%/yr vs 1.01%/yr for PSHNX.
Performance
HYT vs. PSHNX - Performance Comparison
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Returns By Period
In the year-to-date period, HYT achieves a 1.04% return, which is significantly lower than PSHNX's 2.22% return.
HYT
- 1D
- -0.24%
- 1M
- -0.15%
- 6M
- 0.75%
- YTD
- 1.04%
- 1Y
- -3.37%
- 3Y*
- 8.47%
- 5Y*
- 2.48%
- 10Y*
- 6.93%
PSHNX
- 1D
- 0.00%
- 1M
- 0.37%
- 6M
- 1.90%
- YTD
- 2.22%
- 1Y
- 5.77%
- 3Y*
- 7.16%
- 5Y*
- 4.83%
- 10Y*
- —
HYT vs. PSHNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYT BlackRock Corporate High Yield Fund | 1.04% | 0.06% | 14.43% | 19.92% | -22.58% | 16.62% | 11.55% | 31.19% | -7.81% | 2.09% |
PSHNX Penn Capital Short Duration High Income Fund | 2.22% | 7.72% | 7.19% | 8.72% | -2.26% | 3.43% | 0.88% | 7.40% | 0.61% | 0.65% |
Correlation
The correlation between HYT and PSHNX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2017 | 0.44 |
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Return for Risk
HYT vs. PSHNX — Risk / Return Rank
HYT
PSHNX
HYT vs. PSHNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Corporate High Yield Fund (HYT) and Penn Capital Short Duration High Income Fund (PSHNX). 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 | PSHNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.52 | ||
| Sortino ratioReturn per unit of downside risk | -5.59 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.78 | -0.83 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 5.16 | -5.50 |
| Martin ratioReturn relative to average drawdown | -0.76 | 26.42 | -27.18 |
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Drawdowns
HYT vs. PSHNX - Drawdown Comparison
The maximum HYT drawdown since its inception was -56.95%, which is greater than PSHNX's maximum drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for HYT and PSHNX.
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Drawdown Indicators
| HYT | PSHNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.95% | -14.53% | -42.42% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -1.14% | -9.03% |
Max Drawdown (3Y)Largest decline over 3 years | -13.95% | -2.83% | -11.12% |
Max Drawdown (5Y)Largest decline over 5 years | -29.05% | -6.02% | -23.03% |
Max Drawdown (10Y)Largest decline over 10 years | -42.59% | — | — |
Current DrawdownCurrent decline from peak | -5.04% | 0.00% | -5.04% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -0.87% | -5.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 0.22% | +4.24% |
Volatility
HYT vs. PSHNX - Volatility Comparison
BlackRock Corporate High Yield Fund (HYT) has a higher volatility of 1.93% compared to Penn Capital Short Duration High Income Fund (PSHNX) at 0.23%. This indicates that HYT's price experiences larger fluctuations and is considered to be riskier than PSHNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYT | PSHNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.93% | 0.23% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 6.86% | 1.47% | +5.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.89% | 1.86% | +8.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.41% | 2.65% | +11.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.91% | 3.14% | +13.77% |
HYT vs. PSHNX - Expense Ratio Comparison
HYT has a 2.83% expense ratio, which is higher than PSHNX's 1.01% expense ratio.
Dividends
HYT vs. PSHNX - Dividend Comparison
HYT's dividend yield for the trailing twelve months is around 11.10%, more than PSHNX's 6.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYT BlackRock Corporate High Yield Fund | 11.10% | 10.50% | 9.53% | 9.91% | 9.80% | 7.58% | 8.18% | 7.92% | 9.20% | 7.68% | 8.23% | 10.18% |
PSHNX Penn Capital Short Duration High Income Fund | 6.06% | 6.27% | 6.43% | 4.95% | 3.47% | 3.17% | 3.95% | 3.65% | 3.13% | 1.46% | 0.00% | 0.00% |
Frequently Asked Questions
HYT and PSHNX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYT has higher volatility (1.93%) compared to PSHNX (0.23%). In terms of maximum drawdown, HYT dropped -56.95% vs PSHNX's -14.53%.
PSHNX currently has the higher Sharpe Ratio (3.17 vs -0.34), 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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