UTF vs. HYT
UTF (Cohen & Steers Infrastructure Fund, Inc) is a stock, while HYT (BlackRock Corporate High Yield Fund) is High Yield Bonds fund actively managed by BlackRock. Over the past 10 years, UTF returned 11.45%/yr vs 7.34%/yr for HYT. At a 0.40 correlation, their price movements are largely independent.
Performance
UTF vs. HYT - Performance Comparison
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Returns By Period
In the year-to-date period, UTF achieves a 15.84% return, which is significantly higher than HYT's 1.45% return. Over the past 10 years, UTF has outperformed HYT with an annualized return of 11.45%, while HYT has yielded a comparatively lower 7.34% annualized return.
UTF
- 1D
- -0.22%
- 1M
- 0.98%
- YTD
- 15.84%
- 6M
- 18.47%
- 1Y
- 12.54%
- 3Y*
- 16.15%
- 5Y*
- 6.54%
- 10Y*
- 11.45%
HYT
- 1D
- 0.12%
- 1M
- 0.21%
- YTD
- 1.45%
- 6M
- -3.62%
- 1Y
- -1.11%
- 3Y*
- 10.09%
- 5Y*
- 2.64%
- 10Y*
- 7.34%
UTF vs. HYT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTF Cohen & Steers Infrastructure Fund, Inc | 15.84% | 9.93% | 22.37% | -3.83% | -9.60% | 17.91% | 6.93% | 42.74% | -9.87% | 34.10% |
HYT BlackRock Corporate High Yield Fund | 1.45% | 0.06% | 14.43% | 19.92% | -22.58% | 16.62% | 11.55% | 31.19% | -7.81% | 8.99% |
Correlation
The correlation between UTF and HYT is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since May 12, 2004 | 0.40 |
The correlation between UTF and HYT shifts across timeframes, from 0.28 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UTF vs. HYT — Risk / Return Rank
UTF
HYT
UTF vs. HYT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Infrastructure Fund, Inc (UTF) 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.
| UTF | HYT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.99 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | -0.11 | +1.33 |
| Martin ratioReturn relative to average drawdown | 2.49 | -0.27 | +2.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UTF | HYT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | -0.11 | +1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.18 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.43 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.42 | +0.03 |
Drawdowns
UTF vs. HYT - Drawdown Comparison
The maximum UTF drawdown since its inception was -72.62%, which is greater than HYT's maximum drawdown of -56.95%. Use the drawdown chart below to compare losses from any high point for UTF and HYT.
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Drawdown Indicators
| UTF | HYT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.62% | -56.95% | -15.67% |
Max Drawdown (1Y)Largest decline over 1 year | -10.33% | -10.17% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -21.06% | -13.95% | -7.11% |
Max Drawdown (5Y)Largest decline over 5 years | -30.28% | -29.05% | -1.23% |
Max Drawdown (10Y)Largest decline over 10 years | -52.53% | -42.59% | -9.94% |
Current DrawdownCurrent decline from peak | -0.62% | -4.65% | +4.03% |
Average DrawdownAverage peak-to-trough decline | -10.37% | -5.91% | -4.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.05% | 4.19% | +0.86% |
Volatility
UTF vs. HYT - Volatility Comparison
Cohen & Steers Infrastructure Fund, Inc (UTF) and BlackRock Corporate High Yield Fund (HYT) have volatilities of 2.67% and 2.64%, 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
| UTF | HYT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 2.64% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | 8.01% | +0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.38% | 10.01% | +2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.33% | 14.47% | +3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.36% | 16.94% | +6.42% |
Dividends
UTF vs. HYT - Dividend Comparison
UTF's dividend yield for the trailing twelve months is around 6.90%, 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% |
UTF Cohen & Steers Infrastructure Fund, Inc | 6.90% | 7.62% | 7.74% | 8.76% | 7.75% | 6.53% | 7.20% | 7.10% | 10.12% | 7.37% | 10.51% | 8.39% |
Frequently Asked Questions
UTF and HYT have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTF has higher volatility (2.67%) compared to HYT (2.64%). In terms of maximum drawdown, UTF dropped -72.62% vs HYT's -56.95%.
UTF currently has the higher Sharpe Ratio (1.02 vs -0.11), 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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