DHY vs HYT: Correlation
How closely do Credit Suisse High Yield Credit Fund (DHY) and Blackrock Corporate High Yield Fund, Inc. (HYT) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHY and HYT?
Over the past 3 years, DHY and HYT moved with a correlation of 0.61, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.50 versus 0.61 over 3 years. Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 76.7 %².
Among the 13 assets we track against DHY, HYT ranks #4 by 3-year correlation. On 12-month performance HYT holds a 7.9-point edge, -9.5% against -1.6%.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DHY vs HYT: side by side
| DHY (Credit Suisse High Yield Credit Fund) | HYT (Blackrock Corporate High Yield Fund, Inc.) | |
|---|---|---|
| 1-year return | -9.5% | -1.6% |
| 5-year return | +9.4% | +7.9% |
| Volatility (ann.) | 10.9% | 11.6% |
| Beta vs S&P 500 | 0.36 | 0.52 |
| Max drawdown (3Y) | -12.9% | -14.0% |
| Market cap | – | $1.4B |
| P/E (trailing) | 17.1 | 9.1 |
| Dividend yield | 10.81% | 11.29% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DHY | HYT |
|---|---|---|
| 2022 | -21.5% | -22.6% |
| 2023 | +23.5% | +19.9% |
| 2024 | +18.5% | +14.4% |
| 2025 | +2.5% | +0.0% |
| 2026 | -8.3% | +0.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHY and HYT good diversifiers for each other?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DHY and HYT?
As of 2026-08-27, the correlation of weekly returns between DHY and HYT is 0.61 over 3 years, 0.50 over 1 year and 0.65 over 5 years.
Is HYT a good diversifier for DHY?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.61 mean?
A reading of 0.61 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dhy-vs-hyt.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: DHY correlations · HYT correlations
