BDHIX vs. BIT

Last updated Jun 5, 2026

BDHIX (BlackRock Dynamic High Income Portfolio) is Diversified Portfolio fund managed by BlackRock, while BIT (BlackRock Multi-Sector Income Trust) is a stock. Over the past 10 years, BDHIX returned 6.61%/yr vs 7.29%/yr for BIT. At a 0.46 correlation, their price movements are largely independent.

Performance

BDHIX vs. BIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Dynamic High Income Portfolio (BDHIX) and BlackRock Multi-Sector Income Trust (BIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BDHIX achieves a 4.52% return, which is significantly higher than BIT's 1.70% return. Over the past 10 years, BDHIX has underperformed BIT with an annualized return of 6.61%, while BIT has yielded a comparatively higher 7.29% annualized return.

BDHIX

• 1D: -0.44%
• 1M: 1.18%
• YTD: 4.52%
• 6M: 5.16%
• 1Y: 13.13%
• 3Y*: 12.03%
• 5Y*: 4.54%
• 10Y*: 6.61%

BIT

• 1D: 0.72%
• 1M: 0.20%
• YTD: 1.70%
• 6M: 1.27%
• 1Y: 1.40%
• 3Y*: 7.03%
• 5Y*: 2.50%
• 10Y*: 7.29%

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

BDHIX vs. BIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BDHIX BlackRock Dynamic High Income Portfolio	4.52%	12.27%	10.76%	13.87%	-18.20%	10.44%	4.52%	20.05%	-6.91%	14.53%
BIT BlackRock Multi-Sector Income Trust	1.70%	2.31%	7.43%	16.78%	-14.41%	12.04%	19.67%	14.50%	-8.04%	19.97%

Correlation

The correlation between BDHIX and BIT is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015	0.46

The correlation between BDHIX and BIT has been stable across timeframes, ranging from 0.46 to 0.51 - a consistent structural relationship.

Return for Risk

BDHIX vs. BIT — Risk / Return Rank

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

BDHIX

BDHIX Risk / Return Rank: 43
BDHIX Sharpe Ratio Rank: 42
BDHIX Sortino Ratio Rank: 45
BDHIX Omega Ratio Rank: 46
BDHIX Calmar Ratio Rank: 34
BDHIX Martin Ratio Rank: 48

BIT

BIT Risk / Return Rank: 42
BIT Sharpe Ratio Rank: 47
BIT Sortino Ratio Rank: 38
BIT Omega Ratio Rank: 37
BIT Calmar Ratio Rank: 45
BIT Martin Ratio Rank: 45

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.

BDHIX vs. BIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Dynamic High Income Portfolio (BDHIX) and BlackRock Multi-Sector Income Trust (BIT). 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.

	BDHIX	BIT	Difference
Sharpe ratio: Return per unit of total volatility	1.88	0.18	+1.70
Sortino ratio: Return per unit of downside risk	2.82	0.29	+2.53
Omega ratio: Gain probability vs. loss probability	1.37	1.04	+0.33
Calmar ratio: Return relative to maximum drawdown	2.17	0.16	+2.01
Martin ratio: Return relative to average drawdown	9.82	0.30	+9.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BDHIX vs. BIT - Sharpe Ratio Comparison

The current BDHIX Sharpe Ratio is 1.88, which is higher than the BIT Sharpe Ratio of 0.18. The chart below compares the historical Sharpe Ratios of BDHIX and BIT, 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

	BDHIX	BIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	0.18	+1.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.21	+0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	0.46	+0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.41	+0.23

Drawdowns

BDHIX vs. BIT - Drawdown Comparison

The maximum BDHIX drawdown since its inception was -29.13%, smaller than the maximum BIT drawdown of -43.54%. Use the drawdown chart below to compare losses from any high point for BDHIX and BIT.

Drawdown Indicators

	BDHIX	BIT	Difference
Max Drawdown Largest peak-to-trough decline	-29.13%	-43.54%	+14.41%
Max Drawdown (1Y) Largest decline over 1 year	-6.15%	-8.99%	+2.84%
Max Drawdown (3Y) Largest decline over 3 years	-9.43%	-10.42%	+0.99%
Max Drawdown (5Y) Largest decline over 5 years	-23.55%	-23.72%	+0.17%
Max Drawdown (10Y) Largest decline over 10 years	-29.13%	-43.54%	+14.41%
Current Drawdown Current decline from peak	-0.44%	-3.93%	+3.49%
Average Drawdown Average peak-to-trough decline	-4.78%	-4.87%	+0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.35%	4.70%	-3.35%

Volatility

BDHIX vs. BIT - Volatility Comparison

The current volatility for BlackRock Dynamic High Income Portfolio (BDHIX) is 1.94%, while BlackRock Multi-Sector Income Trust (BIT) has a volatility of 2.69%. This indicates that BDHIX experiences smaller price fluctuations and is considered to be less risky than BIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BDHIX	BIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.94%	2.69%	-0.75%
Volatility (6M) Calculated over the trailing 6-month period	5.80%	5.84%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	7.09%	8.02%	-0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.94%	12.03%	-3.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.18%	15.99%	-6.81%

Dividends

BDHIX vs. BIT - Dividend Comparison

BDHIX's dividend yield for the trailing twelve months is around 7.91%, less than BIT's 11.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BDHIX BlackRock Dynamic High Income Portfolio	7.91%	7.54%	7.62%	5.96%	5.17%	6.58%	5.20%	5.68%	7.40%	6.14%	6.33%	7.19%
BIT BlackRock Multi-Sector Income Trust	11.64%	11.15%	10.17%	9.90%	9.58%	8.18%	8.46%	8.84%	9.12%	8.44%	11.65%	8.66%

Frequently Asked Questions

Can I hold both BDHIX and BIT in my portfolio?

BDHIX and BIT have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BDHIX or BIT?

BIT has higher volatility (2.69%) compared to BDHIX (1.94%). In terms of maximum drawdown, BDHIX dropped -29.13% vs BIT's -43.54%.

Which has better risk-adjusted returns?

BDHIX currently has the higher Sharpe Ratio (1.88 vs 0.18), 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.