BIT vs. BTZ
Compare and contrast key facts about BlackRock Multi-Sector Income Trust (BIT) and BlackRock Credit Allocation Income Trust (BTZ).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIT or BTZ.
Key characteristics
| BIT | BTZ | |
|---|---|---|
| YTD Return | 7.02% | 13.85% |
| 1Y Return | 11.15% | 22.87% |
| 3Y Return (Ann) | 1.72% | -2.08% |
| 5Y Return (Ann) | 6.49% | 3.76% |
| 10Y Return (Ann) | 7.79% | 5.66% |
| Sharpe Ratio | 1.36 | 2.28 |
| Sortino Ratio | 2.06 | 3.21 |
| Omega Ratio | 1.25 | 1.43 |
| Calmar Ratio | 1.68 | 0.93 |
| Martin Ratio | 3.89 | 9.04 |
| Ulcer Index | 2.86% | 2.53% |
| Daily Std Dev | 8.18% | 10.03% |
| Max Drawdown | -43.54% | -74.66% |
| Current Drawdown | -1.89% | -8.13% |
Fundamentals
| BIT | BTZ | |
|---|---|---|
| Market Cap | $571.63M | $1.02B |
| EPS | $0.60 | $1.07 |
| PE Ratio | 24.63 | 10.21 |
Correlation
The correlation between BIT and BTZ is 0.39, 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. BTZ - Performance Comparison
In the year-to-date period, BIT achieves a 7.02% return, which is significantly lower than BTZ's 13.85% return. Over the past 10 years, BIT has outperformed BTZ with an annualized return of 7.79%, while BTZ has yielded a comparatively lower 5.66% 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. BTZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Multi-Sector Income Trust (BIT) and BlackRock Credit Allocation Income Trust (BTZ). 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.
Dividends
BIT vs. BTZ - Dividend Comparison
BIT's dividend yield for the trailing twelve months is around 10.06%, more than BTZ's 9.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIT BlackRock Multi-Sector Income Trust | 10.06% | 9.92% | 9.60% | 8.20% | 8.48% | 8.86% | 9.14% | 8.45% | 11.67% | 9.42% | 8.87% | 6.84% |
BTZ BlackRock Credit Allocation Income Trust | 9.27% | 9.77% | 9.15% | 6.70% | 6.85% | 6.24% | 7.19% | 6.28% | 6.92% | 7.88% | 7.52% | 7.32% |
Drawdowns
BIT vs. BTZ - Drawdown Comparison
The maximum BIT drawdown since its inception was -43.54%, smaller than the maximum BTZ drawdown of -74.66%. Use the drawdown chart below to compare losses from any high point for BIT and BTZ. For additional features, visit the drawdowns tool.
Volatility
BIT vs. BTZ - Volatility Comparison
The current volatility for BlackRock Multi-Sector Income Trust (BIT) is 1.59%, while BlackRock Credit Allocation Income Trust (BTZ) has a volatility of 3.15%. This indicates that BIT experiences smaller price fluctuations and is considered to be less risky than BTZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
BIT vs. BTZ - Financials Comparison
This section allows you to compare key financial metrics between BlackRock Multi-Sector Income Trust and BlackRock Credit Allocation Income Trust. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities