SVARX vs. BRHYX

Last updated Apr 3, 2026

Compare and contrast key facts about Spectrum Low Volatility Fund (SVARX) and BlackRock High Yield K (BRHYX).

SVARX is managed by Advisors Preferred. It was launched on Dec 15, 2013. BRHYX is managed by BlackRock. It was launched on Jan 5, 2001.

Performance

SVARX vs. BRHYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Spectrum Low Volatility Fund (SVARX) and BlackRock High Yield K (BRHYX). The values are adjusted to include any dividend payments, if applicable.

SVARX vs. BRHYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SVARX Spectrum Low Volatility Fund	0.38%	6.22%	2.60%	9.67%	-4.35%	4.10%	19.50%	9.42%	-0.99%	8.25%
BRHYX BlackRock High Yield K	-0.73%	9.44%	8.65%	13.26%	-11.18%	5.47%	5.98%	15.65%	-2.67%	8.34%

Returns By Period

In the year-to-date period, SVARX achieves a 0.38% return, which is significantly higher than BRHYX's -0.73% return. Over the past 10 years, SVARX has outperformed BRHYX with an annualized return of 6.51%, while BRHYX has yielded a comparatively lower 6.12% annualized return.

SVARX

• 1D: 0.13%
• 1M: -0.59%
• YTD: 0.38%
• 6M: 2.25%
• 1Y: 5.64%
• 3Y*: 6.08%
• 5Y*: 3.35%
• 10Y*: 6.51%

BRHYX

• 1D: 0.42%
• 1M: -0.98%
• YTD: -0.73%
• 6M: 0.93%
• 1Y: 7.43%
• 3Y*: 8.75%
• 5Y*: 4.35%
• 10Y*: 6.12%

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

SVARX vs. BRHYX - Expense Ratio Comparison

SVARX has a 2.34% expense ratio, which is higher than BRHYX's 0.48% expense ratio.

SVARX

Spectrum Low Volatility Fund

BRHYX

BlackRock High Yield K

Return for Risk

SVARX vs. BRHYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SVARX

SVARX Risk / Return Rank: 84
SVARX Sharpe Ratio Rank: 92
SVARX Sortino Ratio Rank: 91
SVARX Omega Ratio Rank: 92
SVARX Calmar Ratio Rank: 80
SVARX Martin Ratio Rank: 64

BRHYX

BRHYX Risk / Return Rank: 88
BRHYX Sharpe Ratio Rank: 88
BRHYX Sortino Ratio Rank: 90
BRHYX Omega Ratio Rank: 90
BRHYX Calmar Ratio Rank: 84
BRHYX Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SVARX vs. BRHYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Spectrum Low Volatility Fund (SVARX) 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.

	SVARX	BRHYX	Difference
Sharpe ratio Return per unit of total volatility	2.13	1.90	+0.23
Sortino ratio Return per unit of downside risk	2.81	2.71	+0.10
Omega ratio Gain probability vs. loss probability	1.46	1.43	+0.03
Calmar ratio Return relative to maximum drawdown	2.25	2.38	-0.13
Martin ratio Return relative to average drawdown	7.51	10.88	-3.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SVARX vs. BRHYX - Sharpe Ratio Comparison

The current SVARX Sharpe Ratio is 2.13, which is comparable to the BRHYX Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of SVARX and BRHYX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SVARX	BRHYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	1.90	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.09	0.84	+0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.76	1.03	+0.72
Sharpe Ratio (All Time) Calculated using the full available price history	1.69	1.22	+0.48

Correlation

The correlation between SVARX and BRHYX is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SVARX vs. BRHYX - Dividend Comparison

SVARX's dividend yield for the trailing twelve months is around 5.92%, less than BRHYX's 6.68% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SVARX Spectrum Low Volatility Fund	5.92%	5.95%	9.35%	3.35%	0.00%	5.85%	0.71%	4.91%	2.41%	6.90%	9.07%	3.02%
BRHYX BlackRock High Yield K	6.68%	7.14%	7.56%	6.20%	4.98%	4.80%	5.22%	5.82%	6.48%	5.92%	6.03%	6.42%

Drawdowns

SVARX vs. BRHYX - Drawdown Comparison

The maximum SVARX drawdown since its inception was -6.48%, smaller than the maximum BRHYX drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for SVARX and BRHYX.

Drawdown Indicators

	SVARX	BRHYX	Difference
Max Drawdown Largest peak-to-trough decline	-6.48%	-34.77%	+28.29%
Max Drawdown (1Y) Largest decline over 1 year	-2.55%	-2.40%	-0.15%
Max Drawdown (5Y) Largest decline over 5 years	-6.48%	-15.29%	+8.81%
Max Drawdown (10Y) Largest decline over 10 years	-6.48%	-23.20%	+16.72%
Current Drawdown Current decline from peak	-2.39%	-1.29%	-1.10%
Average Drawdown Average peak-to-trough decline	-1.22%	-2.75%	+1.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.76%	0.71%	+0.05%

Volatility

SVARX vs. BRHYX - Volatility Comparison

The current volatility for Spectrum Low Volatility Fund (SVARX) is 0.50%, while BlackRock High Yield K (BRHYX) has a volatility of 1.53%. This indicates that SVARX 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

	SVARX	BRHYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.50%	1.53%	-1.03%
Volatility (6M) Calculated over the trailing 6-month period	2.09%	2.43%	-0.34%
Volatility (1Y) Calculated over the trailing 1-year period	2.66%	4.01%	-1.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.08%	5.23%	-2.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.71%	5.93%	-2.22%