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 | 7.02% | 106.44% |
| 1Y Return | 11.15% | 130.33% |
| 3Y Return (Ann) | 1.72% | 11.14% |
| 5Y Return (Ann) | 6.49% | 59.13% |
| 10Y Return (Ann) | 7.79% | 71.89% |
| Sharpe Ratio | 1.36 | 0.86 |
| Sortino Ratio | 2.06 | 1.55 |
| Omega Ratio | 1.25 | 1.15 |
| Calmar Ratio | 1.68 | 0.68 |
| Martin Ratio | 3.89 | 3.55 |
| Ulcer Index | 2.86% | 13.19% |
| Daily Std Dev | 8.18% | 44.60% |
| Max Drawdown | -43.54% | -93.07% |
| Current Drawdown | -1.89% | -3.68% |
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.
Performance
BIT vs. BTC-USD - Performance Comparison
In the year-to-date period, BIT achieves a 7.02% return, which is significantly lower than BTC-USD's 106.44% return. Over the past 10 years, BIT has underperformed BTC-USD with an annualized return of 7.79%, while BTC-USD has yielded a comparatively higher 71.89% 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 1.63%, while Bitcoin (BTC-USD) has a volatility of 16.43%. 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.