BIT vs. BTC-USD
Compare and contrast key facts about BlackRock Multi-Sector Income Trust (BIT) and Bitcoin (BTC-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIT or BTC-USD.
Key characteristics
| BIT | BTC-USD | |
|---|---|---|
| YTD Return | 6.08% | 50.85% |
| 1Y Return | 16.06% | 116.31% |
| 3Y Return (Ann) | 3.27% | 5.02% |
| 5Y Return (Ann) | 7.84% | 64.56% |
| 10Y Return (Ann) | 7.68% | 64.21% |
| Sharpe Ratio | 1.61 | 5.30 |
| Daily Std Dev | 10.04% | 38.61% |
| Max Drawdown | -43.54% | -93.07% |
| Current Drawdown | -2.18% | -12.76% |
Correlation
The correlation between BIT and BTC-USD is 0.05, 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.
Performance
BIT vs. BTC-USD - Performance Comparison
In the year-to-date period, BIT achieves a 6.08% return, which is significantly lower than BTC-USD's 50.85% return. Over the past 10 years, BIT has underperformed BTC-USD with an annualized return of 7.68%, while BTC-USD has yielded a comparatively higher 64.21% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BIT vs. BTC-USD - Risk-Adjusted Performance 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.
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 -93.07%. Use the drawdown chart below to compare losses from any high point for BIT and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
BIT vs. BTC-USD - Volatility Comparison
The current volatility for BlackRock Multi-Sector Income Trust (BIT) is 3.94%, while Bitcoin (BTC-USD) has a volatility of 15.06%. 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.