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BIT vs. IYW
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BIT vs. IYW

Last updated Jun 23, 2026

BIT (BlackRock Multi-Sector Income Trust) is a stock, while IYW (iShares U.S. Technology ETF) is Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Over the past 10 years, BIT returned 7.35%/yr vs 26.44%/yr for IYW. At a 0.33 correlation, their price movements are largely independent.

Performance

BIT vs. IYW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Multi-Sector Income Trust (BIT) and iShares U.S. Technology ETF (IYW). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BIT achieves a 0.28% return, which is significantly lower than IYW's 26.93% return. Over the past 10 years, BIT has underperformed IYW with an annualized return of 7.35%, while IYW has yielded a comparatively higher 26.44% annualized return.

BIT

1D
0.16%
1M
0.34%
YTD
0.28%
6M
0.20%
1Y
-1.01%
3Y*
6.91%
5Y*
2.37%
10Y*
7.35%

IYW

1D
-0.11%
1M
4.79%
YTD
26.93%
6M
26.17%
1Y
54.53%
3Y*
33.87%
5Y*
21.45%
10Y*
26.44%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BIT vs. IYW - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BIT
BlackRock Multi-Sector Income Trust		0.28%2.31%7.43%16.78%-14.41%12.04%19.67%14.50%-8.04%19.97%
IYW
iShares U.S. Technology ETF		26.93%25.38%30.25%65.44%-34.83%35.44%47.45%46.64%-0.93%36.60%

Correlation

The correlation between BIT and IYW is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.42

Correlation (3Y)
Calculated over the trailing 3-year period

0.37

Correlation (5Y)
Calculated over the trailing 5-year period

0.41

Correlation (10Y)
Calculated over the trailing 10-year period

0.36

Correlation (All Time)
Calculated using the full available price history since Feb 26, 2013

0.33

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BlackRock Multi-Sector Income Trust

iShares U.S. Technology ETF

Often compared with BIT:
BIT vs. SPYBIT vs. BTC-USDBIT vs. BITOBIT vs. QQQBIT vs. BTZBIT vs. BGTBIT vs. CRF
Often compared with IYW:
IYW vs. VGTIYW vs. QQQIYW vs. XLKIYW vs. IGMIYW vs. SMHIYW vs. SOXXIYW vs. IWF

Return for Risk

BIT vs. IYW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BIT
BIT Risk / Return Rank: 3434
Overall Rank
BIT Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
BIT Sortino Ratio Rank: 2929
Sortino Ratio Rank
BIT Omega Ratio Rank: 2929
Omega Ratio Rank
BIT Calmar Ratio Rank: 3939
Calmar Ratio Rank
BIT Martin Ratio Rank: 3838
Martin Ratio Rank
IYW
IYW Risk / Return Rank: 7070
Overall Rank
IYW Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
IYW Sortino Ratio Rank: 7272
Sortino Ratio Rank
IYW Omega Ratio Rank: 7373
Omega Ratio Rank
IYW Calmar Ratio Rank: 6464
Calmar Ratio Rank
IYW Martin Ratio Rank: 5858
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BIT vs. IYW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Multi-Sector Income Trust (BIT) and iShares U.S. Technology ETF (IYW). 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.

BITIYWDifference
Sharpe ratioReturn per unit of total volatility
-0.12
2.50

-2.62

Sortino ratioReturn per unit of downside risk
-0.11
3.10

-3.21

Omega ratioGain probability vs. loss probability

0.99

1.42

-0.43

Calmar ratioReturn relative to maximum drawdown

-0.11

3.08

-3.19

Martin ratioReturn relative to average drawdown

-0.21

9.84

-10.05

BIT vs. IYW - Sharpe Ratio Comparison

The current BIT Sharpe Ratio is -0.12, which is lower than the IYW Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of BIT and IYW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BIT vs. IYW - Drawdown Comparison

The maximum BIT drawdown since its inception was -43.54%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for BIT and IYW.

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Drawdown Indicators

BITIYWDifference

Max Drawdown

Largest peak-to-trough decline

-43.54%

-81.90%

+38.36%

Max Drawdown (1Y)

Largest decline over 1 year

-8.99%

-17.81%

+8.82%

Max Drawdown (3Y)

Largest decline over 3 years

-10.42%

-26.47%

+16.05%

Max Drawdown (5Y)

Largest decline over 5 years

-23.72%

-39.44%

+15.72%

Max Drawdown (10Y)

Largest decline over 10 years

-43.54%

-39.44%

-4.10%

Current Drawdown

Current decline from peak

-5.27%

-2.53%

-2.74%

Average Drawdown

Average peak-to-trough decline

-4.87%

-34.60%

+29.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.81%

5.56%

-0.75%

Volatility

BIT vs. IYW - Volatility Comparison

The current volatility for BlackRock Multi-Sector Income Trust (BIT) is 2.66%, while iShares U.S. Technology ETF (IYW) has a volatility of 10.30%. This indicates that BIT experiences smaller price fluctuations and is considered to be less risky than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BITIYWDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.66%

10.30%

-7.64%

Volatility (6M)

Calculated over the trailing 6-month period

6.21%

18.02%

-11.81%

Volatility (1Y)

Calculated over the trailing 1-year period

8.29%

22.00%

-13.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.07%

26.18%

-14.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.01%

25.26%

-9.25%

Dividends

BIT vs. IYW - Dividend Comparison

BIT's dividend yield for the trailing twelve months is around 11.95%, more than IYW's 0.10% yield.

PositionTTM20252024202320222021202020192018201720162015
BIT
BlackRock Multi-Sector Income Trust		11.95%11.15%10.17%9.90%9.58%8.18%8.46%8.84%9.12%8.44%11.65%8.66%
IYW
iShares U.S. Technology ETF		0.10%0.14%0.21%0.34%0.50%0.31%0.56%0.72%0.92%0.82%1.14%1.12%

Frequently Asked Questions

BIT and IYW have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IYW has higher volatility (10.30%) compared to BIT (2.66%). In terms of maximum drawdown, BIT dropped -43.54% vs IYW's -81.90%.

IYW currently has the higher Sharpe Ratio (2.50 vs -0.12), 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.

Portfolio Optimizer

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