BIT vs. BTC-USD

Last updated Apr 2, 2026

Compare and contrast key facts about BlackRock Multi-Sector Income Trust (BIT) and Bitcoin (BTC-USD).

Performance

BIT vs. BTC-USD - Performance Comparison

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

BIT vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BIT BlackRock Multi-Sector Income Trust	-1.05%	2.31%	7.43%	16.78%	-14.41%	12.04%	19.67%	14.50%	-8.04%	19.97%
BTC-USD Bitcoin	-21.63%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-73.37%	1,324.24%

Returns By Period

In the year-to-date period, BIT achieves a -1.05% return, which is significantly higher than BTC-USD's -21.63% return. Over the past 10 years, BIT has underperformed BTC-USD with an annualized return of 7.84%, while BTC-USD has yielded a comparatively higher 66.45% annualized return.

BIT

• 1D: 0.32%
• 1M: -3.11%
• YTD: -1.05%
• 6M: -1.02%
• 1Y: 0.07%
• 3Y*: 6.46%
• 5Y*: 3.02%
• 10Y*: 7.84%

BTC-USD

• 1D: 0.51%
• 1M: -0.38%
• YTD: -21.63%
• 6M: -42.21%
• 1Y: -19.49%
• 3Y*: 34.49%
• 5Y*: 3.06%
• 10Y*: 66.45%

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

Return for Risk

BIT vs. BTC-USD — Risk / Return Rank

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

BIT

BIT Risk / Return Rank: 36
BIT Sharpe Ratio Rank: 40
BIT Sortino Ratio Rank: 31
BIT Omega Ratio Rank: 31
BIT Calmar Ratio Rank: 39
BIT Martin Ratio Rank: 39

BTC-USD

BTC-USD Risk / Return Rank: 43
BTC-USD Sharpe Ratio Rank: 61
BTC-USD Sortino Ratio Rank: 55
BTC-USD Omega Ratio Rank: 51
BTC-USD Calmar Ratio Rank: 43
BTC-USD Martin Ratio Rank: 4

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.

BIT vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Multi-Sector Income Trust (BIT) and Bitcoin (BTC-USD). 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.

	BIT	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	0.01	-0.44	+0.45
Sortino ratio Return per unit of downside risk	0.08	-0.38	+0.46
Omega ratio Gain probability vs. loss probability	1.01	0.96	+0.05
Calmar ratio Return relative to maximum drawdown	-0.05	-1.11	+1.05
Martin ratio Return relative to average drawdown	-0.11	-1.99	+1.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BIT vs. BTC-USD - Sharpe Ratio Comparison

The current BIT Sharpe Ratio is 0.01, which is higher than the BTC-USD Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of BIT and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BIT	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.01	-0.44	+0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	0.05	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.97	-0.48
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	1.19	-0.79

Correlation

The correlation between BIT and BTC-USD is 0.06, 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.

Drawdowns

BIT vs. BTC-USD - Drawdown Comparison

The maximum BIT drawdown since its inception was -43.54%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for BIT and BTC-USD.

Drawdown Indicators

	BIT	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-43.54%	-85.30%	+41.76%
Max Drawdown (1Y) Largest decline over 1 year	-9.15%	-49.65%	+40.50%
Max Drawdown (5Y) Largest decline over 5 years	-23.72%	-76.67%	+52.95%
Max Drawdown (10Y) Largest decline over 10 years	-43.54%	-83.80%	+40.26%
Current Drawdown Current decline from peak	-6.53%	-45.02%	+38.49%
Average Drawdown Average peak-to-trough decline	-4.87%	-41.99%	+37.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.45%	27.60%	-23.15%

Volatility

BIT vs. BTC-USD - Volatility Comparison

The current volatility for BlackRock Multi-Sector Income Trust (BIT) is 3.98%, while Bitcoin (BTC-USD) has a volatility of 13.58%. This indicates that BIT experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIT	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	13.58%	-9.60%
Volatility (6M) Calculated over the trailing 6-month period	5.43%	35.98%	-30.55%
Volatility (1Y) Calculated over the trailing 1-year period	11.51%	36.76%	-25.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.06%	46.90%	-34.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.99%	56.70%	-40.71%