RLTY vs. HYT
RLTY (Cohen & Steers Real Estate Opportunities & Income Fund) is a stock, while HYT (BlackRock Corporate High Yield Fund) is High Yield Bonds fund actively managed by BlackRock. Over the past 3 years, RLTY returned 14.92%/yr vs 10.05%/yr for HYT. At a 0.40 correlation, their price movements are largely independent.
Performance
RLTY vs. HYT - Performance Comparison
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Returns By Period
In the year-to-date period, RLTY achieves a 11.56% return, which is significantly higher than HYT's 1.45% return.
RLTY
- 1D
- -0.19%
- 1M
- 0.71%
- YTD
- 11.56%
- 6M
- 12.17%
- 1Y
- 13.41%
- 3Y*
- 14.92%
- 5Y*
- —
- 10Y*
- —
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%
RLTY vs. HYT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RLTY Cohen & Steers Real Estate Opportunities & Income Fund | 11.56% | 8.56% | 15.40% | 14.05% | -28.45% |
HYT BlackRock Corporate High Yield Fund | 1.45% | 0.06% | 14.43% | 19.92% | -9.23% |
Correlation
The correlation between RLTY and HYT is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022 | 0.40 |
The correlation between RLTY and HYT shifts across timeframes, from 0.29 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RLTY vs. HYT — Risk / Return Rank
RLTY
HYT
RLTY vs. HYT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Real Estate Opportunities & Income Fund (RLTY) 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.
| RLTY | HYT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.97 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | -0.22 | +1.40 |
| Martin ratioReturn relative to average drawdown | 3.92 | -0.53 | +4.45 |
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Drawdowns
RLTY vs. HYT - Drawdown Comparison
The maximum RLTY drawdown since its inception was -35.44%, smaller than the maximum HYT drawdown of -56.95%. Use the drawdown chart below to compare losses from any high point for RLTY and HYT.
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Drawdown Indicators
| RLTY | HYT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.44% | -56.95% | +21.51% |
Max Drawdown (1Y)Largest decline over 1 year | -11.40% | -10.17% | -1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -20.81% | -13.95% | -6.86% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.05% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.59% | — |
Current DrawdownCurrent decline from peak | -0.19% | -4.65% | +4.46% |
Average DrawdownAverage peak-to-trough decline | -13.67% | -5.90% | -7.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 4.23% | -0.80% |
Volatility
RLTY vs. HYT - Volatility Comparison
Cohen & Steers Real Estate Opportunities & Income Fund (RLTY) has a higher volatility of 4.10% compared to BlackRock Corporate High Yield Fund (HYT) at 2.62%. This indicates that RLTY'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
| RLTY | HYT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 2.62% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 10.11% | 8.02% | +2.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.18% | 9.95% | +3.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.69% | 14.47% | +8.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.69% | 16.93% | +5.76% |
Dividends
RLTY vs. HYT - Dividend Comparison
RLTY's dividend yield for the trailing twelve months is around 8.40%, less than HYT's 10.84% 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% |
RLTY Cohen & Steers Real Estate Opportunities & Income Fund | 8.40% | 8.98% | 8.93% | 9.18% | 6.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RLTY and HYT have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RLTY has higher volatility (4.10%) compared to HYT (2.62%). In terms of maximum drawdown, RLTY dropped -35.44% vs HYT's -56.95%.
RLTY currently has the higher Sharpe Ratio (1.02 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.
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