BKT vs. VFAIX
BKT (BlackRock Income Trust) and VFAIX (Vanguard Financials Index Fund Admiral Shares) are both mutual funds - BKT is a fund fund managed by BlackRock, while VFAIX is a Financials Equities fund tracking the MSCI US Investable Market Financials 25/50 Index. Over the past 10 years, BKT returned 1.19%/yr vs 13.41%/yr for VFAIX. At a 0.09 correlation, their price movements are largely independent. BKT charges 2.06%/yr vs 0.09%/yr for VFAIX.
Performance
BKT vs. VFAIX - Performance Comparison
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Returns By Period
In the year-to-date period, BKT achieves a 0.35% return, which is significantly lower than VFAIX's 4.75% return. Over the past 10 years, BKT has underperformed VFAIX with an annualized return of 1.19%, while VFAIX has yielded a comparatively higher 13.41% annualized return.
BKT
- 1D
- -0.48%
- 1M
- 0.46%
- 6M
- -0.46%
- YTD
- 0.35%
- 1Y
- -0.18%
- 3Y*
- 4.32%
- 5Y*
- -3.03%
- 10Y*
- 1.19%
VFAIX
- 1D
- 0.68%
- 1M
- 4.60%
- 6M
- 4.91%
- YTD
- 4.75%
- 1Y
- 10.94%
- 3Y*
- 20.81%
- 5Y*
- 11.71%
- 10Y*
- 13.41%
BKT vs. VFAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKT BlackRock Income Trust | 0.35% | 5.92% | 3.33% | 7.69% | -21.51% | -0.44% | 7.36% | 14.91% | -2.59% | 2.58% |
VFAIX Vanguard Financials Index Fund Admiral Shares | 4.75% | 14.90% | 30.46% | 14.07% | -12.26% | 36.27% | -2.15% | 31.63% | -13.47% | 20.05% |
Correlation
The correlation between BKT and VFAIX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2004 | 0.09 |
Over the past year, BKT and VFAIX have become more correlated (0.31) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
BKT vs. VFAIX — Risk / Return Rank
BKT
VFAIX
BKT vs. VFAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Income Trust (BKT) and Vanguard Financials Index Fund Admiral Shares (VFAIX). 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 | VFAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.15 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.81 | -0.84 |
| Martin ratioReturn relative to average drawdown | -0.06 | 2.09 | -2.15 |
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Drawdowns
BKT vs. VFAIX - Drawdown Comparison
The maximum BKT drawdown since its inception was -48.86%, smaller than the maximum VFAIX drawdown of -78.64%. Use the drawdown chart below to compare losses from any high point for BKT and VFAIX.
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Drawdown Indicators
| BKT | VFAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.86% | -78.64% | +29.78% |
Max Drawdown (1Y)Largest decline over 1 year | -6.24% | -14.72% | +8.48% |
Max Drawdown (3Y)Largest decline over 3 years | -11.89% | -17.31% | +5.42% |
Max Drawdown (5Y)Largest decline over 5 years | -35.70% | -25.71% | -9.99% |
Max Drawdown (10Y)Largest decline over 10 years | -35.70% | -44.37% | +8.67% |
Current DrawdownCurrent decline from peak | -17.28% | 0.00% | -17.28% |
Average DrawdownAverage peak-to-trough decline | -14.76% | -18.53% | +3.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 5.68% | -2.71% |
Volatility
BKT vs. VFAIX - Volatility Comparison
The current volatility for BlackRock Income Trust (BKT) is 2.66%, while Vanguard Financials Index Fund Admiral Shares (VFAIX) has a volatility of 3.99%. This indicates that BKT experiences smaller price fluctuations and is considered to be less risky than VFAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKT | VFAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 3.99% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 5.38% | 11.48% | -6.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.03% | 15.02% | -7.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.18% | 19.25% | -8.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.75% | 22.53% | -12.78% |
BKT vs. VFAIX - Expense Ratio Comparison
BKT has a 2.06% expense ratio, which is higher than VFAIX's 0.09% expense ratio.
Dividends
BKT vs. VFAIX - Dividend Comparison
BKT's dividend yield for the trailing twelve months is around 10.11%, more than VFAIX's 1.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKT BlackRock Income Trust | 10.11% | 9.53% | 9.19% | 8.69% | 8.35% | 7.31% | 6.80% | 6.82% | 6.48% | 5.15% | 5.09% | 5.89% |
VFAIX Vanguard Financials Index Fund Admiral Shares | 1.68% | 1.56% | 1.75% | 2.08% | 2.31% | 2.62% | 2.21% | 2.17% | 2.30% | 1.54% | 1.64% | 2.00% |
Frequently Asked Questions
BKT and VFAIX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VFAIX has higher volatility (3.99%) compared to BKT (2.66%). In terms of maximum drawdown, BKT dropped -48.86% vs VFAIX's -78.64%.
VFAIX currently has the higher Sharpe Ratio (0.80 vs -0.03), 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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