HYT vs. QQQI
HYT (BlackRock Corporate High Yield Fund) and QQQI (NEOS Nasdaq-100 High Income ETF) are both funds - HYT is a High Yield Bonds fund actively managed by BlackRock, while QQQI is a Nasdaq-100 fund actively managed by Neos. Both are actively managed. Over the past year, HYT returned -1.71% vs 23.89% for QQQI. At a 0.38 correlation, their price movements are largely independent. HYT charges 2.83%/yr vs 0.68%/yr for QQQI.
Performance
HYT vs. QQQI - Performance Comparison
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Returns By Period
In the year-to-date period, HYT achieves a 1.55% return, which is significantly lower than QQQI's 10.24% return.
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%
QQQI
- 1D
- 0.71%
- 1M
- -1.55%
- YTD
- 10.24%
- 6M
- 8.84%
- 1Y
- 23.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYT vs. QQQI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HYT BlackRock Corporate High Yield Fund | 1.55% | 0.06% | 11.27% |
QQQI NEOS Nasdaq-100 High Income ETF | 10.24% | 18.62% | 19.44% |
Correlation
The correlation between HYT and QQQI is 0.44, 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 (All Time) Calculated using the full available price history since Jan 30, 2024 | 0.38 |
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Return for Risk
HYT vs. QQQI — Risk / Return Rank
HYT
QQQI
HYT vs. QQQI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Corporate High Yield Fund (HYT) and NEOS Nasdaq-100 High Income ETF (QQQI). 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 | QQQI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.31 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 2.50 | -2.67 |
| Martin ratioReturn relative to average drawdown | -0.40 | 10.57 | -10.97 |
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Drawdowns
HYT vs. QQQI - Drawdown Comparison
The maximum HYT drawdown since its inception was -56.95%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for HYT and QQQI.
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Drawdown Indicators
| HYT | QQQI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.95% | -20.00% | -36.95% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -9.61% | -0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -13.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.05% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.59% | — | — |
Current DrawdownCurrent decline from peak | -4.56% | -2.98% | -1.58% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -2.21% | -3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | 2.27% | +2.05% |
Volatility
HYT vs. QQQI - Volatility Comparison
The current volatility for BlackRock Corporate High Yield Fund (HYT) is 2.04%, while NEOS Nasdaq-100 High Income ETF (QQQI) has a volatility of 7.59%. This indicates that HYT experiences smaller price fluctuations and is considered to be less risky than QQQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYT | QQQI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.04% | 7.59% | -5.55% |
Volatility (6M)Calculated over the trailing 6-month period | 6.92% | 11.95% | -5.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.88% | 14.76% | -4.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 17.50% | -3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.93% | 17.50% | -0.57% |
HYT vs. QQQI - Expense Ratio Comparison
HYT has a 2.83% expense ratio, which is higher than QQQI's 0.68% expense ratio.
Dividends
HYT vs. QQQI - Dividend Comparison
HYT's dividend yield for the trailing twelve months is around 10.94%, less than QQQI's 13.78% 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% |
QQQI NEOS Nasdaq-100 High Income ETF | 13.78% | 13.82% | 12.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYT and QQQI have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQI has higher volatility (7.59%) compared to HYT (2.04%). In terms of maximum drawdown, HYT dropped -56.95% vs QQQI's -20.00%.
QQQI currently has the higher Sharpe Ratio (1.63 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.
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