SGYAX vs. BRHYX

Last updated Aug 4, 2026

SGYAX (SEI Institutional Investments Trust High Yield Bond Fund) and BRHYX (BlackRock High Yield K) are both High Yield Bonds funds. Over the past 10 years, SGYAX returned 5.43%/yr vs 5.68%/yr for BRHYX. Their correlation of 0.82 means they have usually moved in the same direction. SGYAX charges 0.56%/yr vs 0.48%/yr for BRHYX.

Performance

SGYAX vs. BRHYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Investments Trust High Yield Bond Fund (SGYAX) and BlackRock High Yield K (BRHYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SGYAX achieves a 0.93% return, which is significantly lower than BRHYX's 1.22% return. Both investments have delivered pretty close results over the past 10 years, with SGYAX having a 5.43% annualized return and BRHYX not far ahead at 5.68%.

SGYAX

• 1D: -0.15%
• 1M: -0.73%
• 6M: -0.02%
• YTD: 0.93%
• 1Y: 3.79%
• 3Y*: 7.35%
• 5Y*: 3.20%
• 10Y*: 5.43%
• ALL TIME*: 3.13%

BRHYX

• 1D: 0.00%
• 1M: -0.84%
• 6M: 0.65%
• YTD: 1.22%
• 1Y: 5.26%
• 3Y*: 8.65%
• 5Y*: 4.12%
• 10Y*: 5.68%
• ALL TIME*: 6.74%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BRHYX BlackRock High Yield K	$0.00	$0.00	$0.00
SGYAX SEI Institutional Investments Trust High Yield Bond Fund	$0.00	$0.00	$0.00

SGYAX vs. BRHYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SGYAX SEI Institutional Investments Trust High Yield Bond Fund	0.93%	8.01%	9.12%	10.89%	-13.29%	9.62%	6.04%	14.01%	-2.04%	8.08%
BRHYX BlackRock High Yield K	1.22%	9.44%	8.65%	13.26%	-11.18%	5.47%	5.98%	15.65%	-2.67%	8.34%

Correlation

The correlation between SGYAX and BRHYX is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (10Y) Provides a long-term view across more market conditions.	0.86
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006	0.82

The correlation between SGYAX and BRHYX has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.

Return for Risk

SGYAX vs. BRHYX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SGYAX

SGYAX Risk / Return Rank: 35
SGYAX Sharpe Ratio Rank: 30
SGYAX Sortino Ratio Rank: 43
SGYAX Omega Ratio Rank: 40
SGYAX Calmar Ratio Rank: 27
SGYAX Martin Ratio Rank: 35

BRHYX

BRHYX Risk / Return Rank: 63
BRHYX Sharpe Ratio Rank: 49
BRHYX Sortino Ratio Rank: 70
BRHYX Omega Ratio Rank: 69
BRHYX Calmar Ratio Rank: 54
BRHYX Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SGYAX vs. BRHYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust High Yield Bond Fund (SGYAX) 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.

	SGYAX	BRHYX	Difference
Sharpe ratio: Return per unit of total volatility	1.07	1.44	-0.37
Sortino ratio: Return per unit of downside risk	1.95	2.46	-0.51
Omega ratio: Gain probability vs. loss probability	1.24	1.31	-0.07
Calmar ratio: Return relative to maximum drawdown	1.32	2.08	-0.76
Martin ratio: Return relative to average drawdown	5.46	9.74	-4.29

SGYAX vs. BRHYX - Sharpe Ratio Comparison

The current SGYAX Sharpe Ratio is 1.07, which is comparable to the BRHYX Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of SGYAX and BRHYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SGYAX vs. BRHYX - Drawdown Comparison

The maximum SGYAX drawdown since its inception was -45.51%, which is greater than BRHYX's maximum drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for SGYAX and BRHYX.

Drawdown Indicators

	SGYAX	BRHYX	Difference
Max Drawdown Largest peak-to-trough decline	-45.51%	-34.77%	-10.74%
Max Drawdown (1Y) Largest decline over 1 year	-2.77%	-2.40%	-0.37%
Max Drawdown (3Y) Largest decline over 3 years	-4.18%	-4.07%	-0.11%
Max Drawdown (5Y) Largest decline over 5 years	-15.45%	-15.29%	-0.16%
Max Drawdown (10Y) Largest decline over 10 years	-21.85%	-23.20%	+1.35%
Current Drawdown Current decline from peak	-0.87%	-0.98%	+0.11%
Average Drawdown Average peak-to-trough decline	-6.01%	-2.72%	-3.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	0.51%	+0.16%

Volatility

SGYAX vs. BRHYX - Volatility Comparison

The current volatility for SEI Institutional Investments Trust High Yield Bond Fund (SGYAX) is 0.59%, while BlackRock High Yield K (BRHYX) has a volatility of 0.70%. This indicates that SGYAX experiences smaller price fluctuations and is considered to be less risky than BRHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGYAX	BRHYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.59%	0.70%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	2.78%	2.77%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	3.46%	3.51%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.79%	5.27%	-0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.27%	5.88%	-0.61%

SGYAX vs. BRHYX - Expense Ratio Comparison

SGYAX has a 0.56% expense ratio, which is higher than BRHYX's 0.48% expense ratio.

Dividends

SGYAX vs. BRHYX - Dividend Comparison

SGYAX's dividend yield for the trailing twelve months is around 8.08%, more than BRHYX's 6.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRHYX BlackRock High Yield K	6.62%	7.14%	7.56%	6.20%	4.98%	4.80%	5.22%	5.82%	6.48%	5.92%	6.03%	6.42%
SGYAX SEI Institutional Investments Trust High Yield Bond Fund	8.08%	8.88%	8.68%	10.08%	8.79%	5.37%	7.30%	7.15%	7.31%	7.27%	7.30%	7.88%

Frequently Asked Questions

Can I hold both SGYAX and BRHYX in my portfolio?

SGYAX and BRHYX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SGYAX or BRHYX?

BRHYX has higher volatility (0.70%) compared to SGYAX (0.59%). In terms of maximum drawdown, SGYAX dropped -45.51% vs BRHYX's -34.77%.

Which has better risk-adjusted returns?

BRHYX currently has the higher Sharpe Ratio (1.44 vs 1.07), 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.