BIT vs. FZROX
Compare and contrast key facts about BlackRock Multi-Sector Income Trust (BIT) and Fidelity ZERO Total Market Index Fund (FZROX).
FZROX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIT or FZROX.
Key characteristics
| BIT | FZROX | |
|---|---|---|
| YTD Return | 7.02% | 25.39% |
| 1Y Return | 11.15% | 34.14% |
| 3Y Return (Ann) | 1.72% | 8.75% |
| 5Y Return (Ann) | 6.49% | 15.09% |
| Sharpe Ratio | 1.36 | 2.75 |
| Sortino Ratio | 2.06 | 3.67 |
| Omega Ratio | 1.25 | 1.51 |
| Calmar Ratio | 1.68 | 4.01 |
| Martin Ratio | 3.89 | 17.57 |
| Ulcer Index | 2.86% | 1.96% |
| Daily Std Dev | 8.18% | 12.50% |
| Max Drawdown | -43.54% | -34.96% |
| Current Drawdown | -1.89% | -1.09% |
Correlation
The correlation between BIT and FZROX is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BIT vs. FZROX - Performance Comparison
In the year-to-date period, BIT achieves a 7.02% return, which is significantly lower than FZROX's 25.39% 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. FZROX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Multi-Sector Income Trust (BIT) and Fidelity ZERO Total Market Index Fund (FZROX). 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. FZROX - Dividend Comparison
BIT's dividend yield for the trailing twelve months is around 10.06%, more than FZROX's 1.08% 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% |
FZROX Fidelity ZERO Total Market Index Fund | 1.08% | 1.36% | 1.57% | 1.08% | 1.27% | 1.45% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BIT vs. FZROX - Drawdown Comparison
The maximum BIT drawdown since its inception was -43.54%, which is greater than FZROX's maximum drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for BIT and FZROX. For additional features, visit the drawdowns tool.
Volatility
BIT vs. FZROX - Volatility Comparison
The current volatility for BlackRock Multi-Sector Income Trust (BIT) is 1.59%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 3.99%. This indicates that BIT experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.