BKT vs. BTZ
BKT (BlackRock Income Trust) is fund fund managed by BlackRock, while BTZ (BlackRock Credit Allocation Income Trust) is a stock. Over the past 10 years, BKT returned 0.88%/yr vs 5.29%/yr for BTZ. Their 0.27 correlation means their historical movements had little consistent relationship.
Performance
BKT vs. BTZ - Performance Comparison
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Returns By Period
In the year-to-date period, BKT achieves a -2.34% return, which is significantly higher than BTZ's -2.55% return. Over the past 10 years, BKT has underperformed BTZ with an annualized return of 0.88%, while BTZ has yielded a comparatively higher 5.29% annualized return.
BKT
- 1D
- -0.39%
- 1M
- -3.43%
- 6M
- -3.63%
- YTD
- -2.34%
- 1Y
- -3.52%
- 3Y*
- 3.78%
- 5Y*
- -3.77%
- 10Y*
- 0.88%
- ALL TIME*
- 2.02%
BTZ
- 1D
- -0.50%
- 1M
- -2.02%
- 6M
- -1.59%
- YTD
- -2.55%
- 1Y
- 0.04%
- 3Y*
- 9.35%
- 5Y*
- 0.43%
- 10Y*
- 5.29%
- ALL TIME*
- 3.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.07M | $936.37K | $1.04M | |
| $2.25M | $2.86M | $2.79M |
BKT vs. BTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKT BlackRock Income Trust | -2.34% | 5.92% | 3.33% | 7.69% | -21.51% | -0.44% | 7.36% | 14.91% | -2.59% | 2.58% |
BTZ BlackRock Credit Allocation Income Trust | -2.55% | 13.70% | 11.25% | 12.78% | -27.11% | 9.34% | 13.25% | 33.62% | -10.31% | 9.36% |
Correlation
The correlation between BKT and BTZ is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2006 | 0.27 |
Over the past year, BKT and BTZ have become more correlated (0.48) than their long-term average of 0.27, meaning their price movements have been converging.
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Return for Risk
BKT vs. BTZ — Risk / Return Rank
BKT
BTZ
BKT vs. BTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Income Trust (BKT) and BlackRock Credit Allocation Income Trust (BTZ). 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.
| BKT | BTZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.99 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | -0.07 | -0.41 |
| Martin ratioReturn relative to average drawdown | -0.97 | -0.22 | -0.75 |
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Drawdowns
BKT vs. BTZ - Drawdown Comparison
The maximum BKT drawdown since its inception was -48.86%, smaller than the maximum BTZ drawdown of -74.62%. Use the drawdown chart below to compare losses from any high point for BKT and BTZ.
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Drawdown Indicators
| BKT | BTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.86% | -74.62% | +25.76% |
Max Drawdown (1Y)Largest decline over 1 year | -6.24% | -9.29% | +3.05% |
Max Drawdown (3Y)Largest decline over 3 years | -10.50% | -9.29% | -1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -35.70% | -34.56% | -1.14% |
Max Drawdown (10Y)Largest decline over 10 years | -35.70% | -35.32% | -0.38% |
Current DrawdownCurrent decline from peak | -19.49% | -4.05% | -15.44% |
Average DrawdownAverage peak-to-trough decline | -14.77% | -12.43% | -2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 3.07% | +0.04% |
Volatility
BKT vs. BTZ - Volatility Comparison
The current volatility for BlackRock Income Trust (BKT) is 2.10%, while BlackRock Credit Allocation Income Trust (BTZ) has a volatility of 2.24%. This indicates that BKT experiences smaller price fluctuations and is considered to be less risky than BTZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKT | BTZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 2.24% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 5.51% | 7.86% | -2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.05% | 9.14% | -2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.18% | 12.74% | -1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.76% | 13.14% | -3.38% |
Dividends
BKT vs. BTZ - Dividend Comparison
BKT's dividend yield for the trailing twelve months is around 10.38%, more than BTZ's 10.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKT BlackRock Income Trust | 10.38% | 9.53% | 9.19% | 8.69% | 8.35% | 7.31% | 6.80% | 6.82% | 6.48% | 5.15% | 5.09% | 5.89% |
BTZ BlackRock Credit Allocation Income Trust | 10.10% | 9.30% | 9.63% | 9.76% | 9.14% | 6.69% | 6.84% | 6.23% | 7.19% | 6.25% | 6.90% | 7.83% |
Frequently Asked Questions
BKT and BTZ have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTZ has higher volatility (2.24%) compared to BKT (2.10%). In terms of maximum drawdown, BKT dropped -48.86% vs BTZ's -74.62%.
BTZ currently has the higher Sharpe Ratio (-0.08 vs -0.43), 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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