SHYPX vs. BHYIX
SHYPX (American Beacon SiM High Yld Opps Fund) and BHYIX (BlackRock High Yield Bond Portfolio Institutional Shares) are both High Yield Bonds funds. Over the past 10 years, SHYPX returned 6.35%/yr vs 5.97%/yr for BHYIX. A 0.79 correlation means they provide meaningful diversification when combined. SHYPX charges 1.10%/yr vs 0.59%/yr for BHYIX.
Performance
SHYPX vs. BHYIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SHYPX achieves a 1.80% return, which is significantly higher than BHYIX's 1.61% return. Over the past 10 years, SHYPX has outperformed BHYIX with an annualized return of 6.35%, while BHYIX has yielded a comparatively lower 5.97% annualized return.
SHYPX
- 1D
- -0.11%
- 1M
- 0.25%
- YTD
- 1.80%
- 6M
- 2.48%
- 1Y
- 8.81%
- 3Y*
- 9.79%
- 5Y*
- 5.09%
- 10Y*
- 6.35%
BHYIX
- 1D
- -0.14%
- 1M
- 0.56%
- YTD
- 1.61%
- 6M
- 2.19%
- 1Y
- 7.29%
- 3Y*
- 9.32%
- 5Y*
- 4.33%
- 10Y*
- 5.97%
SHYPX vs. BHYIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHYPX American Beacon SiM High Yld Opps Fund | 1.80% | 9.15% | 9.62% | 13.26% | -8.39% | 8.34% | 6.08% | 12.05% | -1.46% | 7.14% |
BHYIX BlackRock High Yield Bond Portfolio Institutional Shares | 1.61% | 9.18% | 8.55% | 13.19% | -11.24% | 5.53% | 5.87% | 15.35% | -2.81% | 8.23% |
Correlation
The correlation between SHYPX and BHYIX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.79 |
The correlation between SHYPX and BHYIX has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
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
SHYPX vs. BHYIX — Risk / Return Rank
SHYPX
BHYIX
SHYPX vs. BHYIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon SiM High Yld Opps Fund (SHYPX) and BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX). 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.
| SHYPX | BHYIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.49 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 4.72 | 3.10 | +1.62 |
| Martin ratioReturn relative to average drawdown | 23.32 | 15.21 | +8.12 |
Loading charts...
Drawdowns
SHYPX vs. BHYIX - Drawdown Comparison
The maximum SHYPX drawdown since its inception was -24.85%, smaller than the maximum BHYIX drawdown of -34.82%. Use the drawdown chart below to compare losses from any high point for SHYPX and BHYIX.
Loading charts...
Drawdown Indicators
| SHYPX | BHYIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.85% | -34.82% | +9.97% |
Max Drawdown (1Y)Largest decline over 1 year | -1.90% | -2.41% | +0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -4.07% | +0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -12.50% | -15.45% | +2.95% |
Max Drawdown (10Y)Largest decline over 10 years | -24.85% | -23.23% | -1.62% |
Current DrawdownCurrent decline from peak | -0.42% | -0.28% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -1.88% | -2.75% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 0.49% | -0.11% |
Volatility
SHYPX vs. BHYIX - Volatility Comparison
The current volatility for American Beacon SiM High Yld Opps Fund (SHYPX) is 0.81%, while BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) has a volatility of 1.03%. This indicates that SHYPX experiences smaller price fluctuations and is considered to be less risky than BHYIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SHYPX | BHYIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 1.03% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.09% | 2.62% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.77% | 3.43% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.33% | 5.25% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.11% | 5.92% | -0.81% |
SHYPX vs. BHYIX - Expense Ratio Comparison
SHYPX has a 1.10% expense ratio, which is higher than BHYIX's 0.59% expense ratio.
Dividends
SHYPX vs. BHYIX - Dividend Comparison
SHYPX's dividend yield for the trailing twelve months is around 5.95%, less than BHYIX's 7.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHYIX BlackRock High Yield Bond Portfolio Institutional Shares | 7.07% | 7.05% | 7.46% | 6.15% | 4.91% | 4.73% | 5.12% | 5.70% | 6.33% | 5.82% | 5.96% | 6.33% |
SHYPX American Beacon SiM High Yld Opps Fund | 5.95% | 6.63% | 6.50% | 7.39% | 4.10% | 5.09% | 6.05% | 5.91% | 6.09% | 5.52% | 6.38% | 4.95% |
Frequently Asked Questions
SHYPX and BHYIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BHYIX has higher volatility (1.03%) compared to SHYPX (0.81%). In terms of maximum drawdown, SHYPX dropped -24.85% vs BHYIX's -34.82%.
SHYPX currently has the higher Sharpe Ratio (3.25 vs 2.18), 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 SHYPX and BHYIX
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