HYT vs. UTG
HYT (BlackRock Corporate High Yield Fund) is High Yield Bonds fund actively managed by BlackRock, while UTG (Reaves Utility Income Trust) is a stock. Over the past 10 years, HYT returned 7.34%/yr vs 10.17%/yr for UTG. At a 0.35 correlation, their price movements are largely independent.
Performance
HYT vs. UTG - Performance Comparison
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Returns By Period
In the year-to-date period, HYT achieves a 1.45% return, which is significantly lower than UTG's 12.62% return. Over the past 10 years, HYT has underperformed UTG with an annualized return of 7.34%, while UTG has yielded a comparatively higher 10.17% annualized return.
HYT
- 1D
- 0.12%
- 1M
- 0.21%
- YTD
- 1.45%
- 6M
- -3.62%
- 1Y
- -1.11%
- 3Y*
- 10.09%
- 5Y*
- 2.64%
- 10Y*
- 7.34%
UTG
- 1D
- -1.44%
- 1M
- -4.42%
- YTD
- 12.62%
- 6M
- 12.10%
- 1Y
- 23.24%
- 3Y*
- 22.14%
- 5Y*
- 10.59%
- 10Y*
- 10.17%
HYT vs. UTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYT BlackRock Corporate High Yield Fund | 1.45% | 0.06% | 14.43% | 19.92% | -22.58% | 16.62% | 11.55% | 31.19% | -7.81% | 8.99% |
UTG Reaves Utility Income Trust | 12.62% | 23.24% | 28.10% | 2.84% | -13.38% | 14.26% | -5.25% | 33.65% | 1.84% | 6.74% |
Correlation
The correlation between HYT and UTG is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2004 | 0.35 |
The correlation between HYT and UTG shifts across timeframes, from 0.19 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HYT vs. UTG — Risk / Return Rank
HYT
UTG
HYT vs. UTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Corporate High Yield Fund (HYT) and Reaves Utility Income Trust (UTG). 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.
| HYT | UTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -1.92 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.24 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 2.01 | -2.12 |
| Martin ratioReturn relative to average drawdown | -0.27 | 4.46 | -4.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYT | UTG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.11 | 1.39 | -1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.63 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.47 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.48 | -0.05 |
Drawdowns
HYT vs. UTG - Drawdown Comparison
The maximum HYT drawdown since its inception was -56.95%, smaller than the maximum UTG drawdown of -67.77%. Use the drawdown chart below to compare losses from any high point for HYT and UTG.
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Drawdown Indicators
| HYT | UTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.95% | -67.77% | +10.82% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -11.59% | +1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -13.95% | -15.03% | +1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -29.05% | -26.54% | -2.51% |
Max Drawdown (10Y)Largest decline over 10 years | -42.59% | -47.91% | +5.32% |
Current DrawdownCurrent decline from peak | -4.65% | -7.00% | +2.35% |
Average DrawdownAverage peak-to-trough decline | -5.91% | -8.74% | +2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 5.22% | -1.03% |
Volatility
HYT vs. UTG - Volatility Comparison
The current volatility for BlackRock Corporate High Yield Fund (HYT) is 2.64%, while Reaves Utility Income Trust (UTG) has a volatility of 6.24%. This indicates that HYT experiences smaller price fluctuations and is considered to be less risky than UTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYT | UTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 6.24% | -3.60% |
Volatility (6M)Calculated over the trailing 6-month period | 8.01% | 12.95% | -4.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.01% | 16.83% | -6.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 16.84% | -2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.94% | 21.61% | -4.67% |
Dividends
HYT vs. UTG - Dividend Comparison
HYT's dividend yield for the trailing twelve months is around 10.84%, more than UTG's 5.91% 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% |
UTG Reaves Utility Income Trust | 5.91% | 6.42% | 7.19% | 8.53% | 8.07% | 6.35% | 6.59% | 5.69% | 6.86% | 6.21% | 9.02% | 6.86% |
Frequently Asked Questions
HYT and UTG have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTG has higher volatility (6.24%) compared to HYT (2.64%). In terms of maximum drawdown, HYT dropped -56.95% vs UTG's -67.77%.
UTG currently has the higher Sharpe Ratio (1.39 vs -0.11), 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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