BTZ vs. BIT
Compare and contrast key facts about BlackRock Credit Allocation Income Trust (BTZ) and BlackRock Multi-Sector Income Trust (BIT).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTZ or BIT.
Correlation
The correlation between BTZ and BIT is 0.39, 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
BTZ vs. BIT - Performance Comparison
Key characteristics
BTZ:
1.21
BIT:
0.44
BTZ:
1.70
BIT:
0.69
BTZ:
1.22
BIT:
1.08
BTZ:
0.61
BIT:
0.53
BTZ:
4.55
BIT:
1.21
BTZ:
2.64%
BIT:
2.91%
BTZ:
9.92%
BIT:
7.97%
BTZ:
-74.65%
BIT:
-43.54%
BTZ:
-10.01%
BIT:
-3.39%
Fundamentals
BTZ:
$1.01B
BIT:
$562.73M
BTZ:
$1.07
BIT:
$0.60
BTZ:
10.11
BIT:
24.25
Returns By Period
In the year-to-date period, BTZ achieves a 11.48% return, which is significantly higher than BIT's 5.40% return. Over the past 10 years, BTZ has underperformed BIT with an annualized return of 5.38%, while BIT has yielded a comparatively higher 7.98% annualized return.
BTZ
11.48%
-1.39%
3.42%
11.81%
2.91%
5.38%
BIT
5.40%
-1.49%
2.86%
3.81%
6.99%
7.98%
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Risk-Adjusted Performance
BTZ vs. BIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Credit Allocation Income Trust (BTZ) and BlackRock Multi-Sector Income Trust (BIT). 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
BTZ vs. BIT - Dividend Comparison
BTZ's dividend yield for the trailing twelve months is around 9.62%, less than BIT's 10.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTZ BlackRock Credit Allocation Income Trust | 9.62% | 9.77% | 9.15% | 6.70% | 6.85% | 6.24% | 7.19% | 6.28% | 6.92% | 7.88% | 7.52% | 7.32% |
BIT BlackRock Multi-Sector Income Trust | 10.39% | 9.92% | 9.60% | 8.20% | 8.48% | 8.86% | 9.14% | 8.45% | 11.67% | 9.42% | 8.87% | 6.84% |
Drawdowns
BTZ vs. BIT - Drawdown Comparison
The maximum BTZ drawdown since its inception was -74.65%, which is greater than BIT's maximum drawdown of -43.54%. Use the drawdown chart below to compare losses from any high point for BTZ and BIT. For additional features, visit the drawdowns tool.
Volatility
BTZ vs. BIT - Volatility Comparison
BlackRock Credit Allocation Income Trust (BTZ) has a higher volatility of 3.17% compared to BlackRock Multi-Sector Income Trust (BIT) at 2.45%. This indicates that BTZ's price experiences larger fluctuations and is considered to be riskier than BIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
BTZ vs. BIT - Financials Comparison
This section allows you to compare key financial metrics between BlackRock Credit Allocation Income Trust and BlackRock Multi-Sector Income Trust. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities