IVV vs. BRHYX
IVV (iShares Core S&P 500 ETF) and BRHYX (BlackRock High Yield K) are both funds - IVV is a S&P 500 fund tracking the S&P 500 Index, while BRHYX is a High Yield Bonds fund managed by BlackRock. Over the past 10 years, IVV returned 15.32%/yr vs 5.89%/yr for BRHYX. At a 0.37 correlation, their price movements are largely independent. IVV charges 0.03%/yr vs 0.48%/yr for BRHYX.
Performance
IVV vs. BRHYX - Performance Comparison
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Returns By Period
In the year-to-date period, IVV achieves a 8.72% return, which is significantly higher than BRHYX's 1.38% return. Over the past 10 years, IVV has outperformed BRHYX with an annualized return of 15.32%, while BRHYX has yielded a comparatively lower 5.89% annualized return.
IVV
- 1D
- 0.24%
- 1M
- 0.23%
- YTD
- 8.72%
- 6M
- 8.76%
- 1Y
- 24.89%
- 3Y*
- 21.44%
- 5Y*
- 13.50%
- 10Y*
- 15.32%
BRHYX
- 1D
- -0.28%
- 1M
- 0.01%
- YTD
- 1.38%
- 6M
- 2.20%
- 1Y
- 7.55%
- 3Y*
- 9.26%
- 5Y*
- 4.43%
- 10Y*
- 5.89%
IVV vs. BRHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVV iShares Core S&P 500 ETF | 8.72% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
BRHYX BlackRock High Yield K | 1.38% | 9.44% | 8.65% | 13.26% | -11.18% | 5.47% | 5.98% | 15.65% | -2.67% | 8.34% |
Correlation
The correlation between IVV and BRHYX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since May 22, 2000 | 0.37 |
Over the past year, IVV and BRHYX have become more correlated (0.62) than their long-term average of 0.37, meaning their price movements have been converging.
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Return for Risk
IVV vs. BRHYX — Risk / Return Rank
IVV
BRHYX
IVV vs. BRHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 ETF (IVV) and BlackRock High Yield K (BRHYX). 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.
| IVV | BRHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.50 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | 3.16 | -0.34 |
| Martin ratioReturn relative to average drawdown | 12.97 | 16.01 | -3.04 |
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
| IVV | BRHYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 2.19 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.84 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 1.00 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 1.23 | -0.78 |
Drawdowns
IVV vs. BRHYX - Drawdown Comparison
The maximum IVV drawdown since its inception was -55.25%, which is greater than BRHYX's maximum drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for IVV and BRHYX.
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Drawdown Indicators
| IVV | BRHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.25% | -34.77% | -20.48% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -2.40% | -6.49% |
Max Drawdown (3Y)Largest decline over 3 years | -18.75% | -4.07% | -14.68% |
Max Drawdown (5Y)Largest decline over 5 years | -24.53% | -15.29% | -9.24% |
Max Drawdown (10Y)Largest decline over 10 years | -33.90% | -23.20% | -10.70% |
Current DrawdownCurrent decline from peak | -2.67% | -0.42% | -2.25% |
Average DrawdownAverage peak-to-trough decline | -10.77% | -2.73% | -8.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 0.47% | +1.45% |
Volatility
IVV vs. BRHYX - Volatility Comparison
iShares Core S&P 500 ETF (IVV) has a higher volatility of 3.77% compared to BlackRock High Yield K (BRHYX) at 1.05%. This indicates that IVV's price experiences larger fluctuations and is considered to be riskier than BRHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVV | BRHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 1.05% | +2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 9.31% | 2.68% | +6.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 3.46% | +8.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 5.27% | +11.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.07% | 5.93% | +12.14% |
IVV vs. BRHYX - Expense Ratio Comparison
IVV has a 0.03% expense ratio, which is lower than BRHYX's 0.48% expense ratio.
Dividends
IVV vs. BRHYX - Dividend Comparison
IVV's dividend yield for the trailing twelve months is around 1.09%, less than BRHYX's 7.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRHYX BlackRock High Yield K | 7.19% | 7.14% | 7.56% | 6.20% | 4.98% | 4.80% | 5.22% | 5.82% | 6.48% | 5.92% | 6.03% | 6.42% |
IVV iShares Core S&P 500 ETF | 1.09% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
IVV and BRHYX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVV has higher volatility (3.77%) compared to BRHYX (1.05%). In terms of maximum drawdown, IVV dropped -55.25% vs BRHYX's -34.77%.
BRHYX currently has the higher Sharpe Ratio (2.19 vs 2.07), 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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