HYT vs. RMM
HYT (BlackRock Corporate High Yield Fund) is High Yield Bonds fund actively managed by BlackRock, while RMM (Rivernorth Managed Duration Municipal Income Fund Inc.) is a stock. Over the past 5 years, HYT returned 2.52%/yr vs 0.35%/yr for RMM. At a 0.28 correlation, their price movements are largely independent.
Performance
HYT vs. RMM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HYT achieves a 1.45% return, which is significantly lower than RMM's 10.47% return.
HYT
- 1D
- 0.35%
- 1M
- -0.14%
- YTD
- 1.45%
- 6M
- -2.59%
- 1Y
- -2.23%
- 3Y*
- 10.05%
- 5Y*
- 2.52%
- 10Y*
- 7.43%
RMM
- 1D
- 0.00%
- 1M
- 1.70%
- YTD
- 10.47%
- 6M
- 8.96%
- 1Y
- 15.72%
- 3Y*
- 7.16%
- 5Y*
- 0.35%
- 10Y*
- —
HYT vs. RMM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HYT BlackRock Corporate High Yield Fund | 1.45% | 0.06% | 14.43% | 19.92% | -22.58% | 16.62% | 11.55% | 9.66% |
RMM Rivernorth Managed Duration Municipal Income Fund Inc. | 10.47% | 2.01% | 9.25% | 5.93% | -23.45% | 19.66% | -2.15% | -1.00% |
Correlation
The correlation between HYT and RMM is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019 | 0.28 |
The correlation between HYT and RMM shifts across timeframes, from 0.15 (1 year) to 0.29 (5 years), reflecting how their relationship changes across market environments.
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. RMM — Risk / Return Rank
HYT
RMM
HYT vs. RMM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Corporate High Yield Fund (HYT) and Rivernorth Managed Duration Municipal Income Fund Inc. (RMM). 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 | RMM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.26 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 2.00 | -2.22 |
| Martin ratioReturn relative to average drawdown | -0.53 | 6.98 | -7.50 |
Loading charts...
Drawdowns
HYT vs. RMM - Drawdown Comparison
The maximum HYT drawdown since its inception was -56.95%, which is greater than RMM's maximum drawdown of -35.99%. Use the drawdown chart below to compare losses from any high point for HYT and RMM.
Loading charts...
Drawdown Indicators
| HYT | RMM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.95% | -35.99% | -20.96% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -7.90% | -2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -13.95% | -20.16% | +6.21% |
Max Drawdown (5Y)Largest decline over 5 years | -29.05% | -33.29% | +4.24% |
Max Drawdown (10Y)Largest decline over 10 years | -42.59% | — | — |
Current DrawdownCurrent decline from peak | -4.65% | -5.03% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -13.75% | +7.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.23% | 2.26% | +1.97% |
Volatility
HYT vs. RMM - Volatility Comparison
The current volatility for BlackRock Corporate High Yield Fund (HYT) is 2.62%, while Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) has a volatility of 3.47%. This indicates that HYT experiences smaller price fluctuations and is considered to be less risky than RMM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HYT | RMM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 3.47% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 8.02% | 9.25% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.95% | 11.01% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 14.48% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.93% | 17.86% | -0.93% |
Dividends
HYT vs. RMM - Dividend Comparison
HYT's dividend yield for the trailing twelve months is around 10.84%, more than RMM's 7.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYT BlackRock Corporate High Yield Fund | 10.84% | 10.50% | 9.53% | 9.91% | 9.80% | 7.58% | 8.18% | 7.92% | 9.20% | 7.68% | 8.23% | 10.18% |
RMM Rivernorth Managed Duration Municipal Income Fund Inc. | 7.24% | 7.98% | 7.63% | 7.71% | 7.74% | 5.46% | 6.18% | 1.90% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYT and RMM have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RMM has higher volatility (3.47%) compared to HYT (2.62%). In terms of maximum drawdown, HYT dropped -56.95% vs RMM's -35.99%.
RMM currently has the higher Sharpe Ratio (1.43 vs -0.23), 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 RMM
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