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:
0.39
SPY:
2.17
BIT:
0.61
SPY:
2.88
BIT:
1.07
SPY:
1.41
BIT:
0.47
SPY:
3.19
BIT:
1.07
SPY:
14.10
BIT:
2.91%
SPY:
1.90%
BIT:
7.96%
SPY:
12.39%
BIT:
-43.54%
SPY:
-55.19%
BIT:
-3.79%
SPY:
-3.19%
Returns By Period
In the year-to-date period, BIT achieves a 4.96% return, which is significantly lower than SPY's 24.97% return. Over the past 10 years, BIT has underperformed SPY with an annualized return of 7.97%, while SPY has yielded a comparatively higher 12.92% annualized return.
BIT
4.96%
-1.70%
2.99%
3.10%
6.91%
7.97%
SPY
24.97%
-0.32%
8.25%
26.85%
14.57%
12.92%
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Risk-Adjusted Performance
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 10.43%, more than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIT BlackRock Multi-Sector Income Trust | 10.43% | 9.92% | 9.60% | 8.20% | 8.48% | 8.86% | 9.14% | 8.45% | 11.67% | 9.42% | 8.87% | 6.84% |
SPY SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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 2.40%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.64%. 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.