DSU vs HYT: Correlation
Measured on weekly returns over the past three years, Blackrock Debt Strategies Fund, Inc. (DSU) and Blackrock Corporate High Yield Fund, Inc. (HYT) carry a correlation of 0.72, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSU and HYT?
Across a 3-year window, the weekly returns of DSU and HYT correlate at 0.72, strong. The past 12 months show a weaker link (0.45) than the 3-year average (0.72). Stretching to 5 years gives 0.69, with an annualized covariance of 77.5 %².
HYT is one of the assets that tracks DSU most closely: it ranks #3 out of the 12 assets we track against DSU. Neither side won the trailing year by much: -0.2% 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.
DSU vs HYT: side by side
| DSU (Blackrock Debt Strategies Fund, Inc.) | HYT (Blackrock Corporate High Yield Fund, Inc.) | |
|---|---|---|
| 1-year return | -0.2% | -1.6% |
| 5-year return | +35.2% | +7.9% |
| Volatility (ann.) | 9.3% | 11.6% |
| Beta vs S&P 500 | 0.41 | 0.52 |
| Max drawdown (3Y) | -14.6% | -14.0% |
| Market cap | $0.6B | $1.4B |
| P/E (trailing) | 13.6 | 9.1 |
| Dividend yield | 12.59% | 11.29% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSU | HYT |
|---|---|---|
| 2022 | -15.5% | -22.6% |
| 2023 | +30.4% | +19.9% |
| 2024 | +11.2% | +14.4% |
| 2025 | +6.0% | +0.0% |
| 2026 | +0.1% | +0.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSU and HYT good diversifiers for each other?
Only partially. A correlation of 0.72 means DSU and HYT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DSU and HYT?
As of 2026-08-27, the correlation of weekly returns between DSU and HYT is 0.72 over 3 years, 0.45 over 1 year and 0.69 over 5 years.
Is HYT a good diversifier for DSU?
Only partially. A correlation of 0.72 means DSU and HYT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.72 mean?
On the −1 to +1 scale, 0.72 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dsu-vs-hyt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dsu-vs-hyt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DSU correlations · HYT correlations
