BIT vs. SPY
Compare and contrast key facts about BlackRock Multi-Sector Income Trust (BIT) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIT or SPY.
Correlation
The correlation between BIT and SPY is 0.36, 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. SPY - Performance Comparison
Key characteristics
BIT:
0.15
SPY:
0.30
BIT:
0.27
SPY:
0.56
BIT:
1.04
SPY:
1.08
BIT:
0.16
SPY:
0.31
BIT:
0.68
SPY:
1.40
BIT:
2.45%
SPY:
4.18%
BIT:
11.41%
SPY:
19.64%
BIT:
-43.54%
SPY:
-55.19%
BIT:
-5.32%
SPY:
-13.86%
Returns By Period
In the year-to-date period, BIT achieves a -2.66% return, which is significantly higher than SPY's -9.91% return. Over the past 10 years, BIT has underperformed SPY with an annualized return of 7.20%, while SPY has yielded a comparatively higher 11.59% annualized return.
BIT
-2.66%
-4.05%
-2.42%
0.27%
10.63%
7.20%
SPY
-9.91%
-6.90%
-9.38%
6.72%
14.62%
11.59%
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Risk-Adjusted Performance
BIT vs. SPY — Risk-Adjusted Performance Rank
BIT
SPY
BIT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Multi-Sector Income Trust (BIT) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
BIT's dividend yield for the trailing twelve months is around 10.81%, more than SPY's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIT BlackRock Multi-Sector Income Trust | 10.81% | 10.17% | 9.90% | 9.58% | 8.18% | 8.46% | 8.84% | 9.12% | 8.44% | 11.65% | 9.40% | 8.85% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BIT vs. SPY - Drawdown Comparison
The maximum BIT drawdown since its inception was -43.54%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BIT and SPY. For additional features, visit the drawdowns tool.
Volatility
BIT vs. SPY - Volatility Comparison
The current volatility for BlackRock Multi-Sector Income Trust (BIT) is 8.73%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.52%. This indicates that BIT experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.