BIT vs. BTC-USD
BIT (BlackRock Multi-Sector Income Trust) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, BIT returned 7.35%/yr vs 57.78%/yr for BTC-USD. At a 0.06 correlation, their price movements are largely independent.
Performance
BIT vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, BIT achieves a 0.28% return, which is significantly higher than BTC-USD's -26.78% return. Over the past 10 years, BIT has underperformed BTC-USD with an annualized return of 7.35%, while BTC-USD has yielded a comparatively higher 57.78% annualized return.
BIT
- 1D
- 0.16%
- 1M
- 0.34%
- YTD
- 0.28%
- 6M
- 0.20%
- 1Y
- -1.01%
- 3Y*
- 6.91%
- 5Y*
- 2.37%
- 10Y*
- 7.35%
BTC-USD
- 1D
- 1.32%
- 1M
- -16.41%
- YTD
- -26.78%
- 6M
- -27.65%
- 1Y
- -36.56%
- 3Y*
- 27.78%
- 5Y*
- 13.72%
- 10Y*
- 57.78%
BIT vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIT BlackRock Multi-Sector Income Trust | 0.28% | 2.31% | 7.43% | 16.78% | -14.41% | 12.04% | 19.67% | 14.50% | -8.04% | 19.97% |
BTC-USD Bitcoin | -26.78% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between BIT and BTC-USD is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2013 | 0.06 |
The correlation between BIT and BTC-USD shifts across timeframes, from 0.06 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BIT vs. BTC-USD — Risk / Return Rank
BIT
BTC-USD
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BIT | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.88 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | -0.71 | +0.60 |
| Martin ratioReturn relative to average drawdown | -0.21 | -1.20 | +0.99 |
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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.
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Drawdown Indicators
| BIT | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.54% | -85.30% | +41.76% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -51.21% | +42.22% |
Max Drawdown (3Y)Largest decline over 3 years | -10.42% | -51.21% | +40.79% |
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 DrawdownCurrent decline from peak | -5.27% | -48.63% | +43.36% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -42.41% | +37.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.81% | 31.17% | -26.36% |
Volatility
BIT vs. BTC-USD - Volatility Comparison
The current volatility for BlackRock Multi-Sector Income Trust (BIT) is 2.66%, while Bitcoin (BTC-USD) has a volatility of 12.27%. 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.
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Volatility by Period
| BIT | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 12.27% | -9.61% |
Volatility (6M)Calculated over the trailing 6-month period | 6.21% | 34.57% | -28.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.29% | 35.70% | -27.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.07% | 44.28% | -32.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.01% | 56.43% | -40.42% |
Frequently Asked Questions
BIT and BTC-USD have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (12.27%) compared to BIT (2.66%). In terms of maximum drawdown, BIT dropped -43.54% vs BTC-USD's -85.30%.
BIT currently has the higher Sharpe Ratio (-0.12 vs -0.85), 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.
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