VTV vs. BRHYX

Last updated Jun 9, 2026

VTV (Vanguard Value ETF) and BRHYX (BlackRock High Yield K) are both funds - VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index, while BRHYX is a High Yield Bonds fund managed by BlackRock. Over the past 10 years, VTV returned 12.42%/yr vs 5.89%/yr for BRHYX. At a 0.40 correlation, their price movements are largely independent. VTV charges 0.04%/yr vs 0.48%/yr for BRHYX.

Performance

VTV vs. BRHYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Value ETF (VTV) 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, VTV achieves a 11.91% return, which is significantly higher than BRHYX's 1.38% return. Over the past 10 years, VTV has outperformed BRHYX with an annualized return of 12.42%, while BRHYX has yielded a comparatively lower 5.89% annualized return.

VTV

• 1D: 0.25%
• 1M: 2.67%
• YTD: 11.91%
• 6M: 13.41%
• 1Y: 25.49%
• 3Y*: 17.72%
• 5Y*: 11.30%
• 10Y*: 12.42%

BRHYX

• 1D: -0.28%
• 1M: 0.01%
• YTD: 1.38%
• 6M: 2.20%
• 1Y: 7.55%
• 3Y*: 9.26%
• 5Y*: 4.43%
• 10Y*: 5.89%

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

VTV vs. BRHYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VTV Vanguard Value ETF	11.91%	15.27%	15.95%	9.32%	-2.09%	26.53%	2.33%	25.66%	-5.47%	17.15%
BRHYX BlackRock High Yield K	1.38%	9.44%	8.65%	13.26%	-11.18%	5.47%	5.98%	15.65%	-2.67%	8.34%

Correlation

The correlation between VTV and BRHYX is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Feb 2, 2004	0.40

The correlation between VTV and BRHYX shifts across timeframes, from 0.40 (all time) to 0.52 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

VTV vs. BRHYX — Risk / Return Rank

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

VTV

VTV Risk / Return Rank: 84
VTV Sharpe Ratio Rank: 85
VTV Sortino Ratio Rank: 87
VTV Omega Ratio Rank: 83
VTV Calmar Ratio Rank: 83
VTV Martin Ratio Rank: 83

BRHYX

BRHYX Risk / Return Rank: 76
BRHYX Sharpe Ratio Rank: 61
BRHYX Sortino Ratio Rank: 83
BRHYX Omega Ratio Rank: 79
BRHYX Calmar Ratio Rank: 73
BRHYX Martin Ratio Rank: 87

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.

VTV vs. BRHYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Value ETF (VTV) 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.

	VTV	BRHYX	Difference
Sharpe ratio: Return per unit of total volatility	2.52	2.19	+0.33
Sortino ratio: Return per unit of downside risk	3.58	3.82	-0.24
Omega ratio: Gain probability vs. loss probability	1.45	1.50	-0.05
Calmar ratio: Return relative to maximum drawdown	4.03	3.16	+0.87
Martin ratio: Return relative to average drawdown	15.20	16.01	-0.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VTV vs. BRHYX - Sharpe Ratio Comparison

The current VTV Sharpe Ratio is 2.52, which is comparable to the BRHYX Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of VTV 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.

Sharpe Ratios by Period

	VTV	BRHYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	2.19	+0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	0.84	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	1.00	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	1.23	-0.72

Drawdowns

VTV vs. BRHYX - Drawdown Comparison

The maximum VTV drawdown since its inception was -59.27%, which is greater than BRHYX's maximum drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for VTV and BRHYX.

Drawdown Indicators

	VTV	BRHYX	Difference
Max Drawdown Largest peak-to-trough decline	-59.27%	-34.77%	-24.50%
Max Drawdown (1Y) Largest decline over 1 year	-6.35%	-2.40%	-3.95%
Max Drawdown (3Y) Largest decline over 3 years	-14.52%	-4.07%	-10.45%
Max Drawdown (5Y) Largest decline over 5 years	-17.04%	-15.29%	-1.75%
Max Drawdown (10Y) Largest decline over 10 years	-36.78%	-23.20%	-13.58%
Current Drawdown Current decline from peak	-1.11%	-0.42%	-0.69%
Average Drawdown Average peak-to-trough decline	-7.87%	-2.73%	-5.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	0.47%	+1.21%

Volatility

VTV vs. BRHYX - Volatility Comparison

Vanguard Value ETF (VTV) has a higher volatility of 2.65% compared to BlackRock High Yield K (BRHYX) at 1.05%. This indicates that VTV's price experiences larger fluctuations and is considered to be riskier than BRHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VTV	BRHYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	1.05%	+1.60%
Volatility (6M) Calculated over the trailing 6-month period	7.67%	2.68%	+4.99%
Volatility (1Y) Calculated over the trailing 1-year period	10.18%	3.46%	+6.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.89%	5.27%	+8.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.68%	5.93%	+10.75%

VTV vs. BRHYX - Expense Ratio Comparison

VTV has a 0.04% expense ratio, which is lower than BRHYX's 0.48% expense ratio.

Dividends

VTV vs. BRHYX - Dividend Comparison

VTV's dividend yield for the trailing twelve months is around 1.87%, less than BRHYX's 7.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRHYX BlackRock High Yield K	7.19%	7.14%	7.56%	6.20%	4.98%	4.80%	5.22%	5.82%	6.48%	5.92%	6.03%	6.42%
VTV Vanguard Value ETF	1.87%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both VTV and BRHYX in my portfolio?

VTV and BRHYX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VTV or BRHYX?

VTV has higher volatility (2.65%) compared to BRHYX (1.05%). In terms of maximum drawdown, VTV dropped -59.27% vs BRHYX's -34.77%.

Which has better risk-adjusted returns?

VTV currently has the higher Sharpe Ratio (2.52 vs 2.19), 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.