BIT vs. HIMU
BIT (BlackRock Multi-Sector Income Trust) is a stock, while HIMU (iShares High Yield Muni Active ETF) is High Yield Muni fund actively managed by iShares. Over the past year, BIT returned -1.46% vs 8.07% for HIMU. At a 0.21 correlation, their price movements are largely independent.
Performance
BIT vs. HIMU - Performance Comparison
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Returns By Period
In the year-to-date period, BIT achieves a 0.44% return, which is significantly lower than HIMU's 4.10% return.
BIT
- 1D
- 0.00%
- 1M
- 0.43%
- YTD
- 0.44%
- 6M
- -0.17%
- 1Y
- -1.46%
- 3Y*
- 6.92%
- 5Y*
- 2.37%
- 10Y*
- 7.48%
HIMU
- 1D
- 0.12%
- 1M
- 2.48%
- YTD
- 4.10%
- 6M
- 4.00%
- 1Y
- 8.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BIT vs. HIMU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BIT BlackRock Multi-Sector Income Trust | 0.44% | 0.62% |
HIMU iShares High Yield Muni Active ETF | 4.10% | 1.48% |
Correlation
The correlation between BIT and HIMU is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2025 | 0.21 |
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Return for Risk
BIT vs. HIMU — Risk / Return Rank
BIT
HIMU
BIT vs. HIMU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Multi-Sector Income Trust (BIT) and iShares High Yield Muni Active ETF (HIMU). 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 | HIMU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.36 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 2.46 | -2.63 |
| Martin ratioReturn relative to average drawdown | -0.30 | 7.75 | -8.05 |
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Drawdowns
BIT vs. HIMU - Drawdown Comparison
The maximum BIT drawdown since its inception was -43.54%, which is greater than HIMU's maximum drawdown of -8.01%. Use the drawdown chart below to compare losses from any high point for BIT and HIMU.
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Drawdown Indicators
| BIT | HIMU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.54% | -8.01% | -35.53% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -3.29% | -5.70% |
Max Drawdown (3Y)Largest decline over 3 years | -10.42% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.72% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.54% | — | — |
Current DrawdownCurrent decline from peak | -5.12% | 0.00% | -5.12% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -1.68% | -3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 1.04% | +3.80% |
Volatility
BIT vs. HIMU - Volatility Comparison
BlackRock Multi-Sector Income Trust (BIT) has a higher volatility of 2.62% compared to iShares High Yield Muni Active ETF (HIMU) at 0.96%. This indicates that BIT's price experiences larger fluctuations and is considered to be riskier than HIMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIT | HIMU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 0.96% | +1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 6.18% | 3.23% | +2.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.27% | 4.43% | +3.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.06% | 7.30% | +4.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 7.30% | +8.70% |
Dividends
BIT vs. HIMU - Dividend Comparison
BIT's dividend yield for the trailing twelve months is around 11.93%, more than HIMU's 5.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIT BlackRock Multi-Sector Income Trust | 11.93% | 11.15% | 10.17% | 9.90% | 9.58% | 8.18% | 8.46% | 8.84% | 9.12% | 8.44% | 11.65% | 8.66% |
HIMU iShares High Yield Muni Active ETF | 5.08% | 4.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BIT and HIMU have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIT has higher volatility (2.62%) compared to HIMU (0.96%). In terms of maximum drawdown, BIT dropped -43.54% vs HIMU's -8.01%.
HIMU currently has the higher Sharpe Ratio (1.83 vs -0.18), 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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