BTZ vs. BIT
BTZ (BlackRock Credit Allocation Income Trust) and BIT (BlackRock Multi-Sector Income Trust) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, BTZ returned 5.29%/yr vs 6.88%/yr for BIT. Their 0.39 correlation means their historical movements had little consistent relationship.
Performance
BTZ vs. BIT - Performance Comparison
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Returns By Period
In the year-to-date period, BTZ achieves a -2.55% return, which is significantly lower than BIT's 0.22% return. Over the past 10 years, BTZ has underperformed BIT with an annualized return of 5.29%, while BIT has yielded a comparatively higher 6.88% annualized return.
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%
BIT
- 1D
- 0.25%
- 1M
- -1.18%
- 6M
- -2.06%
- YTD
- 0.22%
- 1Y
- -3.84%
- 3Y*
- 5.01%
- 5Y*
- 2.35%
- 10Y*
- 6.88%
- ALL TIME*
- 5.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.17M | $3.39M | $3.44M | |
| $2.25M | $2.86M | $2.79M |
BTZ vs. BIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
BIT BlackRock Multi-Sector Income Trust | 0.22% | 2.31% | 7.43% | 16.78% | -14.41% | 12.04% | 19.67% | 14.50% | -8.04% | 19.97% |
Correlation
The correlation between BTZ and BIT is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.46 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2013 | 0.39 |
Fundamentals
BTZ:
$930.45M
BIT:
$697.88M
BTZ:
$1.60
BIT:
$1.37
BTZ:
6.23
BIT:
8.95
BTZ:
0.13
BIT:
2.27
BTZ:
5.69
BIT:
7.61
BTZ:
0.88
BIT:
0.88
BTZ:
$163.42M
BIT:
$91.75M
BTZ:
$152.69M
BIT:
$76.64M
BTZ:
$120.76M
BIT:
$105.25M
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Return for Risk
BTZ vs. BIT — Risk / Return Rank
BTZ
BIT
BTZ vs. BIT - Risk-Adjusted Trends 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.
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.
| BTZ | BIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.93 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | -0.44 | +0.37 |
| Martin ratioReturn relative to average drawdown | -0.22 | -0.79 | +0.56 |
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Drawdowns
BTZ vs. BIT - Drawdown Comparison
The maximum BTZ drawdown since its inception was -74.62%, 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.
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Drawdown Indicators
| BTZ | BIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.62% | -43.54% | -31.08% |
Max Drawdown (1Y)Largest decline over 1 year | -9.29% | -8.99% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -9.29% | -10.42% | +1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -34.56% | -23.72% | -10.84% |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | -43.54% | +8.22% |
Current DrawdownCurrent decline from peak | -4.05% | -5.33% | +1.28% |
Average DrawdownAverage peak-to-trough decline | -12.43% | -4.87% | -7.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 5.07% | -2.00% |
Volatility
BTZ vs. BIT - Volatility Comparison
BlackRock Credit Allocation Income Trust (BTZ) has a higher volatility of 2.24% compared to BlackRock Multi-Sector Income Trust (BIT) at 1.72%. 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.
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Volatility by Period
| BTZ | BIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.24% | 1.72% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 6.24% | +1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.14% | 8.37% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.74% | 12.04% | +0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.14% | 15.98% | -2.84% |
Dividends
BTZ vs. BIT - Dividend Comparison
BTZ's dividend yield for the trailing twelve months is around 10.10%, less than BIT's 12.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIT BlackRock Multi-Sector Income Trust | 12.11% | 11.15% | 10.17% | 9.90% | 9.58% | 8.18% | 8.46% | 8.84% | 9.12% | 8.44% | 11.65% | 8.66% |
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% |
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
Frequently Asked Questions
BTZ and BIT have a correlation of 0.46, 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 BIT (1.72%). In terms of maximum drawdown, BTZ dropped -74.62% vs BIT's -43.54%.
BTZ currently has the higher Sharpe Ratio (-0.08 vs -0.48), 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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