RFI vs. HYT
RFI (Cohen & Steers Total Return Realty Fund) and HYT (BlackRock Corporate High Yield Fund) are both mutual funds - RFI is a REIT fund managed by Cohen & Steers, while HYT is a High Yield Bonds fund actively managed by BlackRock. Over the past 10 years, RFI returned 6.34%/yr vs 7.38%/yr for HYT. At a 0.36 correlation, their price movements are largely independent.
Performance
RFI vs. HYT - Performance Comparison
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Returns By Period
In the year-to-date period, RFI achieves a 5.62% return, which is significantly higher than HYT's 0.83% return. Over the past 10 years, RFI has underperformed HYT with an annualized return of 6.34%, while HYT has yielded a comparatively higher 7.38% annualized return.
RFI
- 1D
- 0.99%
- 1M
- 0.00%
- YTD
- 5.62%
- 6M
- 7.27%
- 1Y
- 1.41%
- 3Y*
- 9.11%
- 5Y*
- 1.27%
- 10Y*
- 6.34%
HYT
- 1D
- -0.12%
- 1M
- 0.56%
- YTD
- 0.83%
- 6M
- 0.72%
- 1Y
- -1.99%
- 3Y*
- 9.49%
- 5Y*
- 2.26%
- 10Y*
- 7.38%
RFI vs. HYT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RFI Cohen & Steers Total Return Realty Fund | 5.62% | 3.55% | 6.63% | 4.36% | -22.13% | 39.21% | -0.79% | 44.46% | -8.89% | 13.91% |
HYT BlackRock Corporate High Yield Fund | 0.83% | 0.06% | 14.43% | 19.92% | -22.58% | 16.62% | 11.55% | 31.19% | -7.81% | 8.99% |
Correlation
The correlation between RFI and HYT is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since May 29, 2003 | 0.36 |
The correlation between RFI and HYT shifts across timeframes, from 0.28 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
RFI vs. HYT — Risk / Return Rank
RFI
HYT
RFI vs. HYT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Total Return Realty Fund (RFI) and BlackRock Corporate High Yield Fund (HYT). 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.
| RFI | HYT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.97 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | -0.20 | +0.34 |
| Martin ratioReturn relative to average drawdown | 0.34 | -0.47 | +0.80 |
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Drawdowns
RFI vs. HYT - Drawdown Comparison
The maximum RFI drawdown since its inception was -73.67%, which is greater than HYT's maximum drawdown of -56.95%. Use the drawdown chart below to compare losses from any high point for RFI and HYT.
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Drawdown Indicators
| RFI | HYT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.67% | -56.95% | -16.72% |
Max Drawdown (1Y)Largest decline over 1 year | -9.69% | -10.17% | +0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -16.93% | -13.95% | -2.98% |
Max Drawdown (5Y)Largest decline over 5 years | -34.38% | -29.05% | -5.33% |
Max Drawdown (10Y)Largest decline over 10 years | -50.51% | -42.59% | -7.92% |
Current DrawdownCurrent decline from peak | -5.55% | -5.23% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -12.10% | -5.90% | -6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 4.30% | -0.11% |
Volatility
RFI vs. HYT - Volatility Comparison
Cohen & Steers Total Return Realty Fund (RFI) has a higher volatility of 3.88% compared to BlackRock Corporate High Yield Fund (HYT) at 1.88%. This indicates that RFI's price experiences larger fluctuations and is considered to be riskier than HYT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RFI | HYT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 1.88% | +2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 6.89% | +3.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.16% | 9.88% | +2.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.25% | 14.47% | +5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.17% | 16.93% | +8.24% |
Dividends
RFI vs. HYT - Dividend Comparison
RFI's dividend yield for the trailing twelve months is around 8.58%, less than HYT's 11.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYT BlackRock Corporate High Yield Fund | 11.01% | 10.50% | 9.53% | 9.91% | 9.80% | 7.58% | 8.18% | 7.92% | 9.20% | 7.68% | 8.23% | 10.18% |
RFI Cohen & Steers Total Return Realty Fund | 8.58% | 8.69% | 8.29% | 8.17% | 10.02% | 6.82% | 7.61% | 6.63% | 8.93% | 7.52% | 7.93% | 10.36% |
Frequently Asked Questions
RFI and HYT have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RFI has higher volatility (3.88%) compared to HYT (1.88%). In terms of maximum drawdown, RFI dropped -73.67% vs HYT's -56.95%.
RFI currently has the higher Sharpe Ratio (0.12 vs -0.20), 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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