THHYX vs. BRHYX
THHYX (Toews Tactical Income Fund) and BRHYX (BlackRock High Yield K) are both High Yield Bonds funds. Over the past 10 years, THHYX returned 2.78%/yr vs 6.05%/yr for BRHYX. A 0.56 correlation means they provide meaningful diversification when combined. THHYX charges 1.46%/yr vs 0.48%/yr for BRHYX.
Performance
THHYX vs. BRHYX - Performance Comparison
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Returns By Period
In the year-to-date period, THHYX achieves a 0.38% return, which is significantly lower than BRHYX's 1.52% return. Over the past 10 years, THHYX has underperformed BRHYX with an annualized return of 2.78%, while BRHYX has yielded a comparatively higher 6.05% annualized return.
THHYX
- 1D
- 0.00%
- 1M
- 0.16%
- YTD
- 0.38%
- 6M
- 0.38%
- 1Y
- 2.95%
- 3Y*
- 4.97%
- 5Y*
- 1.40%
- 10Y*
- 2.78%
BRHYX
- 1D
- 0.14%
- 1M
- 0.43%
- YTD
- 1.52%
- 6M
- 2.25%
- 1Y
- 6.95%
- 3Y*
- 9.42%
- 5Y*
- 4.35%
- 10Y*
- 6.05%
THHYX vs. BRHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
THHYX Toews Tactical Income Fund | 0.38% | 3.44% | 5.48% | 4.51% | -5.33% | 0.28% | 5.21% | 7.37% | -0.80% | 2.57% |
BRHYX BlackRock High Yield K | 1.52% | 9.44% | 8.65% | 13.26% | -11.18% | 5.47% | 5.98% | 15.65% | -2.67% | 8.34% |
Correlation
The correlation between THHYX and BRHYX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011 | 0.56 |
The correlation between THHYX and BRHYX has been stable across timeframes, ranging from 0.55 to 0.62 - a consistent structural relationship.
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Return for Risk
THHYX vs. BRHYX — Risk / Return Rank
THHYX
BRHYX
THHYX vs. BRHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Toews Tactical Income Fund (THHYX) 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.
| THHYX | BRHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.46 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 2.97 | -0.33 |
| Martin ratioReturn relative to average drawdown | 5.65 | 14.87 | -9.22 |
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Drawdowns
THHYX vs. BRHYX - Drawdown Comparison
The maximum THHYX drawdown since its inception was -8.83%, smaller than the maximum BRHYX drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for THHYX and BRHYX.
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Drawdown Indicators
| THHYX | BRHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.83% | -34.77% | +25.94% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -2.40% | +1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -3.35% | -4.07% | +0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -8.83% | -15.29% | +6.46% |
Max Drawdown (10Y)Largest decline over 10 years | -8.83% | -23.20% | +14.37% |
Current DrawdownCurrent decline from peak | -0.60% | -0.42% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -1.62% | -2.73% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 0.48% | +0.04% |
Volatility
THHYX vs. BRHYX - Volatility Comparison
Toews Tactical Income Fund (THHYX) and BlackRock High Yield K (BRHYX) have volatilities of 0.85% and 0.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| THHYX | BRHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 0.88% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.70% | 2.70% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.57% | 3.48% | -0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.93% | 5.27% | -1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.63% | 5.91% | -2.28% |
THHYX vs. BRHYX - Expense Ratio Comparison
THHYX has a 1.46% expense ratio, which is higher than BRHYX's 0.48% expense ratio.
Dividends
THHYX vs. BRHYX - Dividend Comparison
THHYX's dividend yield for the trailing twelve months is around 5.43%, less than BRHYX's 7.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRHYX BlackRock High Yield K | 7.18% | 7.14% | 7.56% | 6.20% | 4.98% | 4.80% | 5.22% | 5.82% | 6.48% | 5.92% | 6.03% | 6.42% |
THHYX Toews Tactical Income Fund | 5.43% | 4.91% | 5.44% | 4.33% | 1.61% | 2.79% | 2.21% | 3.84% | 2.43% | 6.56% | 3.30% | 1.59% |
Frequently Asked Questions
THHYX and BRHYX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRHYX has higher volatility (0.88%) compared to THHYX (0.85%). In terms of maximum drawdown, THHYX dropped -8.83% vs BRHYX's -34.77%.
BRHYX currently has the higher Sharpe Ratio (2.05 vs 1.16), 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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