MYI vs. BRHYX
MYI (BlackRock MuniYield Quality Fund III) and BRHYX (BlackRock High Yield K) are both mutual funds - MYI is a Municipal Bonds fund actively managed by BlackRock, while BRHYX is a High Yield Bonds fund managed by BlackRock. Over the past 10 years, MYI returned 1.37%/yr vs 5.62%/yr for BRHYX. Their 0.16 correlation means their historical movements had little consistent relationship. MYI charges 2.16%/yr vs 0.48%/yr for BRHYX.
Performance
MYI vs. BRHYX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MYI achieves a 2.63% return, which is significantly higher than BRHYX's 1.50% return. Over the past 10 years, MYI has underperformed BRHYX with an annualized return of 1.37%, while BRHYX has yielded a comparatively higher 5.62% annualized return.
MYI
- 1D
- 0.28%
- 1M
- -2.66%
- 6M
- -0.97%
- YTD
- 2.63%
- 1Y
- 9.73%
- 3Y*
- 5.89%
- 5Y*
- -1.31%
- 10Y*
- 1.37%
- ALL TIME*
- 3.53%
BRHYX
- 1D
- 0.28%
- 1M
- -0.56%
- 6M
- 1.07%
- YTD
- 1.50%
- 1Y
- 5.27%
- 3Y*
- 8.91%
- 5Y*
- 4.23%
- 10Y*
- 5.62%
- ALL TIME*
- 6.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.81M | $3.00M | $2.91M |
MYI vs. BRHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MYI BlackRock MuniYield Quality Fund III | 2.63% | 4.74% | 0.55% | 8.79% | -20.52% | 6.99% | 11.60% | 16.64% | -8.42% | 7.13% |
BRHYX BlackRock High Yield K | 1.50% | 9.44% | 8.65% | 13.26% | -11.18% | 5.47% | 5.98% | 15.65% | -2.67% | 8.34% |
Correlation
The correlation between MYI and BRHYX is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.40 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 1998 | 0.16 |
The correlation between MYI and BRHYX shifts across timeframes, from 0.16 (all time) to 0.43 (3 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
MYI vs. BRHYX — Risk / Return Rank
MYI
BRHYX
MYI vs. BRHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock MuniYield Quality Fund III (MYI) 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.
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.
| MYI | BRHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.36 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 2.33 | -1.04 |
| Martin ratioReturn relative to average drawdown | 4.66 | 10.86 | -6.20 |
Loading charts...
Drawdowns
MYI vs. BRHYX - Drawdown Comparison
The maximum MYI drawdown since its inception was -43.90%, which is greater than BRHYX's maximum drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for MYI and BRHYX.
Loading charts...
Drawdown Indicators
| MYI | BRHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.90% | -34.77% | -9.13% |
Max Drawdown (1Y)Largest decline over 1 year | -7.58% | -2.40% | -5.18% |
Max Drawdown (3Y)Largest decline over 3 years | -12.64% | -4.07% | -8.57% |
Max Drawdown (5Y)Largest decline over 5 years | -31.84% | -15.29% | -16.55% |
Max Drawdown (10Y)Largest decline over 10 years | -31.84% | -23.20% | -8.64% |
Current DrawdownCurrent decline from peak | -7.36% | -0.70% | -6.66% |
Average DrawdownAverage peak-to-trough decline | -9.37% | -2.72% | -6.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 0.51% | +1.58% |
Volatility
MYI vs. BRHYX - Volatility Comparison
BlackRock MuniYield Quality Fund III (MYI) has a higher volatility of 2.28% compared to BlackRock High Yield K (BRHYX) at 0.75%. This indicates that MYI'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.
Loading charts...
Volatility by Period
| MYI | BRHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.28% | 0.75% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 7.05% | 2.73% | +4.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.82% | 3.47% | +5.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.04% | 5.27% | +5.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.35% | 5.88% | +5.47% |
MYI vs. BRHYX - Expense Ratio Comparison
MYI has a 2.16% expense ratio, which is higher than BRHYX's 0.48% expense ratio.
Dividends
MYI vs. BRHYX - Dividend Comparison
MYI's dividend yield for the trailing twelve months is around 6.18%, less than BRHYX's 6.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRHYX BlackRock High Yield K | 6.60% | 7.14% | 7.56% | 6.20% | 4.98% | 4.80% | 5.22% | 5.82% | 6.48% | 5.92% | 6.03% | 6.42% |
MYI BlackRock MuniYield Quality Fund III | 6.18% | 6.13% | 6.03% | 4.30% | 5.22% | 4.17% | 3.84% | 3.89% | 5.01% | 5.88% | 6.20% | 6.03% |
Frequently Asked Questions
MYI and BRHYX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MYI has higher volatility (2.28%) compared to BRHYX (0.75%). In terms of maximum drawdown, MYI dropped -43.90% vs BRHYX's -34.77%.
BRHYX currently has the higher Sharpe Ratio (1.61 vs 1.11), 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.
Find the right allocation for MYI and BRHYX
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