BIT vs. SGOV
BIT (BlackRock Multi-Sector Income Trust) is a stock, while SGOV (iShares 0-3 Month Treasury Bond ETF) is Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Over the past 5 years, BIT returned 2.50%/yr vs 3.62%/yr for SGOV. At a correlation of -0.07, they often move in opposite directions.
Performance
BIT vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, BIT achieves a 0.96% return, which is significantly lower than SGOV's 1.95% return.
BIT
- 1D
- -0.24%
- 1M
- -0.29%
- 6M
- -1.23%
- YTD
- 0.96%
- 1Y
- -1.79%
- 3Y*
- 6.33%
- 5Y*
- 2.50%
- 10Y*
- 6.90%
SGOV
- 1D
- 0.01%
- 1M
- 0.30%
- 6M
- 1.80%
- YTD
- 1.95%
- 1Y
- 3.87%
- 3Y*
- 4.66%
- 5Y*
- 3.62%
- 10Y*
- —
BIT vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BIT BlackRock Multi-Sector Income Trust | 0.96% | 2.31% | 7.43% | 16.78% | -14.41% | 12.04% | 34.55% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.95% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between BIT and SGOV is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.07 |
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Return for Risk
BIT vs. SGOV — Risk / Return Rank
BIT
SGOV
BIT vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Multi-Sector Income Trust (BIT) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -21.05 | ||
| Sortino ratioReturn per unit of downside risk | -383.05 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 383.06 | -382.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 390.94 | -391.14 |
| Martin ratioReturn relative to average drawdown | -0.36 | 6,193.70 | -6,194.06 |
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Drawdowns
BIT vs. SGOV - Drawdown Comparison
The maximum BIT drawdown since its inception was -43.54%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for BIT and SGOV.
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Drawdown Indicators
| BIT | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.54% | -0.03% | -43.51% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -0.01% | -8.98% |
Max Drawdown (3Y)Largest decline over 3 years | -10.42% | -0.01% | -10.41% |
Max Drawdown (5Y)Largest decline over 5 years | -23.72% | -0.03% | -23.69% |
Max Drawdown (10Y)Largest decline over 10 years | -43.54% | — | — |
Current DrawdownCurrent decline from peak | -4.63% | 0.00% | -4.63% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -0.00% | -4.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.95% | 0.00% | +4.95% |
Volatility
BIT vs. SGOV - Volatility Comparison
BlackRock Multi-Sector Income Trust (BIT) has a higher volatility of 2.32% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that BIT's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIT | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 0.05% | +2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 6.21% | 0.13% | +6.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.34% | 0.19% | +8.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.05% | 0.24% | +11.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.98% | 0.24% | +15.74% |
Dividends
BIT vs. SGOV - Dividend Comparison
BIT's dividend yield for the trailing twelve months is around 12.02%, more than SGOV's 3.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIT BlackRock Multi-Sector Income Trust | 12.02% | 11.15% | 10.17% | 9.90% | 9.58% | 8.18% | 8.46% | 8.84% | 9.12% | 8.44% | 11.65% | 8.66% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.80% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BIT and SGOV have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIT has higher volatility (2.32%) compared to SGOV (0.05%). In terms of maximum drawdown, BIT dropped -43.54% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.84 vs -0.22), 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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