BKT vs. BINC
BKT (BlackRock Income Trust) and BINC (iShares Flexible Income Active ETF) are both funds - BKT is a fund fund managed by BlackRock, while BINC is a Multisector Bonds fund actively managed by iShares. Over the past 3 years, BKT returned 3.85%/yr vs 7.02%/yr for BINC. A 0.52 correlation means they provide meaningful diversification when combined. BKT charges 2.06%/yr vs 0.40%/yr for BINC.
Performance
BKT vs. BINC - Performance Comparison
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Returns By Period
In the year-to-date period, BKT achieves a -1.23% return, which is significantly lower than BINC's 0.90% return.
BKT
- 1D
- -0.48%
- 1M
- -0.49%
- YTD
- -1.23%
- 6M
- -0.34%
- 1Y
- 0.79%
- 3Y*
- 3.85%
- 5Y*
- -2.85%
- 10Y*
- 1.09%
BINC
- 1D
- -0.12%
- 1M
- 0.54%
- YTD
- 0.90%
- 6M
- 1.22%
- 1Y
- 5.80%
- 3Y*
- 7.02%
- 5Y*
- —
- 10Y*
- —
BKT vs. BINC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BKT BlackRock Income Trust | -1.23% | 5.92% | 3.33% | 3.43% |
BINC iShares Flexible Income Active ETF | 0.90% | 7.57% | 5.76% | 7.08% |
Correlation
The correlation between BKT and BINC is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since May 24, 2023 | 0.52 |
The correlation between BKT and BINC has been stable across timeframes, ranging from 0.52 to 0.56 - a consistent structural relationship.
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Return for Risk
BKT vs. BINC — Risk / Return Rank
BKT
BINC
BKT vs. BINC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Income Trust (BKT) and iShares Flexible Income Active ETF (BINC). 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.
| BKT | BINC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.44 | ||
| Sortino ratioReturn per unit of downside risk | -3.51 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.51 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 2.17 | -2.04 |
| Martin ratioReturn relative to average drawdown | 0.28 | 8.53 | -8.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BKT | BINC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | 2.56 | -2.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 2.36 | -2.23 |
Drawdowns
BKT vs. BINC - Drawdown Comparison
The maximum BKT drawdown since its inception was -48.86%, which is greater than BINC's maximum drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for BKT and BINC.
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Drawdown Indicators
| BKT | BINC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.86% | -2.69% | -46.17% |
Max Drawdown (1Y)Largest decline over 1 year | -6.24% | -2.69% | -3.55% |
Max Drawdown (3Y)Largest decline over 3 years | -12.46% | -2.69% | -9.77% |
Max Drawdown (5Y)Largest decline over 5 years | -35.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.70% | — | — |
Current DrawdownCurrent decline from peak | -18.58% | -0.49% | -18.09% |
Average DrawdownAverage peak-to-trough decline | -14.76% | -0.36% | -14.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 0.68% | +2.10% |
Volatility
BKT vs. BINC - Volatility Comparison
BlackRock Income Trust (BKT) has a higher volatility of 2.97% compared to iShares Flexible Income Active ETF (BINC) at 0.75%. This indicates that BKT's price experiences larger fluctuations and is considered to be riskier than BINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKT | BINC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 0.75% | +2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 4.89% | 1.84% | +3.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.91% | 2.28% | +4.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.21% | 3.00% | +8.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.73% | 3.00% | +6.73% |
BKT vs. BINC - Expense Ratio Comparison
BKT has a 2.06% expense ratio, which is higher than BINC's 0.40% expense ratio.
Dividends
BKT vs. BINC - Dividend Comparison
BKT's dividend yield for the trailing twelve months is around 10.08%, more than BINC's 5.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BINC iShares Flexible Income Active ETF | 5.86% | 5.86% | 6.14% | 3.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BKT BlackRock Income Trust | 10.08% | 9.53% | 9.19% | 8.69% | 8.35% | 7.31% | 6.80% | 6.82% | 6.48% | 5.15% | 5.09% | 5.89% |
Frequently Asked Questions
BKT and BINC have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKT has higher volatility (2.97%) compared to BINC (0.75%). In terms of maximum drawdown, BKT dropped -48.86% vs BINC's -2.69%.
BINC currently has the higher Sharpe Ratio (2.56 vs 0.11), 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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