BIT vs. BITO
Compare and contrast key facts about BlackRock Multi-Sector Income Trust (BIT) and ProShares Bitcoin Strategy ETF (BITO).
BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIT or BITO.
Correlation
The correlation between BIT and BITO is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BIT vs. BITO - Performance Comparison
Loading data...
Key characteristics
BIT:
0.28
BITO:
1.02
BIT:
0.43
BITO:
1.63
BIT:
1.07
BITO:
1.19
BIT:
0.30
BITO:
1.72
BIT:
1.22
BITO:
3.87
BIT:
2.52%
BITO:
13.89%
BIT:
11.34%
BITO:
54.51%
BIT:
-43.54%
BITO:
-77.86%
BIT:
-1.33%
BITO:
-5.86%
Returns By Period
In the year-to-date period, BIT achieves a 1.45% return, which is significantly lower than BITO's 8.21% return.
BIT
1.45%
7.05%
1.03%
3.28%
11.43%
7.67%
BITO
8.21%
29.33%
29.64%
59.74%
N/A
N/A
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
BIT
BITO
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.
Loading data...
Dividends
BIT vs. BITO - Dividend Comparison
BIT's dividend yield for the trailing twelve months is around 10.37%, less than BITO's 58.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIT BlackRock Multi-Sector Income Trust | 10.37% | 10.17% | 9.90% | 9.58% | 8.18% | 8.46% | 8.84% | 9.12% | 8.44% | 11.65% | 9.40% | 8.85% |
BITO ProShares Bitcoin Strategy ETF | 58.21% | 61.58% | 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.
Loading data...
Volatility
BIT vs. BITO - Volatility Comparison
The current volatility for BlackRock Multi-Sector Income Trust (BIT) is 3.54%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 10.70%. 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.
Loading data...