PortfoliosLab logo
BIT vs. BITO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BIT and BITO is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.2

Performance

BIT vs. BITO - Performance Comparison

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

0.00%20.00%40.00%60.00%80.00%AugustSeptemberOctoberNovemberDecember2025
4.65%
62.59%
BIT
BITO

Key characteristics

Sharpe Ratio

BIT:

0.85

BITO:

1.78

Sortino Ratio

BIT:

1.32

BITO:

2.43

Omega Ratio

BIT:

1.16

BITO:

1.28

Calmar Ratio

BIT:

1.06

BITO:

2.18

Martin Ratio

BIT:

2.38

BITO:

7.53

Ulcer Index

BIT:

2.95%

BITO:

13.66%

Daily Std Dev

BIT:

8.26%

BITO:

57.82%

Max Drawdown

BIT:

-43.54%

BITO:

-77.86%

Current Drawdown

BIT:

-1.50%

BITO:

-10.48%

Returns By Period

In the year-to-date period, BIT achieves a -0.00% return, which is significantly lower than BITO's 2.90% return.


BIT

YTD

-0.00%

1M

-0.52%

6M

4.80%

1Y

6.89%

5Y*

7.40%

10Y*

8.16%

BITO

YTD

2.90%

1M

-6.03%

6M

61.07%

1Y

90.04%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Risk-Adjusted Performance

BIT vs. BITO — Risk-Adjusted Performance Rank

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

BIT
The Risk-Adjusted Performance Rank of BIT is 7272
Overall Rank
The Sharpe Ratio Rank of BIT is 7575
Sharpe Ratio Rank
The Sortino Ratio Rank of BIT is 6868
Sortino Ratio Rank
The Omega Ratio Rank of BIT is 6565
Omega Ratio Rank
The Calmar Ratio Rank of BIT is 8181
Calmar Ratio Rank
The Martin Ratio Rank of BIT is 7070
Martin Ratio Rank

BITO
The Risk-Adjusted Performance Rank of BITO is 6868
Overall Rank
The Sharpe Ratio Rank of BITO is 7272
Sharpe Ratio Rank
The Sortino Ratio Rank of BITO is 7070
Sortino Ratio Rank
The Omega Ratio Rank of BITO is 6666
Omega Ratio Rank
The Calmar Ratio Rank of BITO is 6868
Calmar Ratio Rank
The Martin Ratio Rank of BITO is 6464
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BIT vs. BITO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Multi-Sector Income Trust (BIT) and ProShares Bitcoin Strategy ETF (BITO). 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.


The chart of Sharpe ratio for BIT, currently valued at 0.85, compared to the broader market-4.00-2.000.002.000.851.78
The chart of Sortino ratio for BIT, currently valued at 1.32, compared to the broader market-4.00-2.000.002.004.001.322.43
The chart of Omega ratio for BIT, currently valued at 1.16, compared to the broader market0.501.001.502.001.161.28
The chart of Calmar ratio for BIT, currently valued at 1.06, compared to the broader market0.002.004.006.001.062.18
The chart of Martin ratio for BIT, currently valued at 2.38, compared to the broader market-10.000.0010.0020.002.387.53
BIT
BITO

The current BIT Sharpe Ratio is 0.85, which is lower than the BITO Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of BIT and BITO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.50AugustSeptemberOctoberNovemberDecember2025
0.85
1.78
BIT
BITO

Dividends

BIT vs. BITO - Dividend Comparison

BIT's dividend yield for the trailing twelve months is around 10.19%, less than BITO's 59.85% yield.


TTM20242023202220212020201920182017201620152014
BIT
BlackRock Multi-Sector Income Trust
10.19%10.19%9.92%9.60%8.20%8.48%8.86%9.14%8.45%11.67%9.42%8.87%
BITO
ProShares Bitcoin Strategy ETF
59.85%61.59%15.14%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

BIT vs. BITO - Drawdown Comparison

The maximum BIT drawdown since its inception was -43.54%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for BIT and BITO. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%AugustSeptemberOctoberNovemberDecember2025
-1.50%
-10.48%
BIT
BITO

Volatility

BIT vs. BITO - Volatility Comparison

The current volatility for BlackRock Multi-Sector Income Trust (BIT) is 3.18%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 17.24%. This indicates that BIT experiences smaller price fluctuations and is considered to be less risky than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%25.00%AugustSeptemberOctoberNovemberDecember2025
3.18%
17.24%
BIT
BITO