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.
Key characteristics
| BTZ | BIT | |
|---|---|---|
| YTD Return | 14.37% | 6.95% |
| 1Y Return | 26.11% | 12.73% |
| 3Y Return (Ann) | -1.89% | 1.63% |
| 5Y Return (Ann) | 3.79% | 6.53% |
| 10Y Return (Ann) | 5.69% | 7.77% |
| Sharpe Ratio | 2.57 | 1.45 |
| Sortino Ratio | 3.64 | 2.21 |
| Omega Ratio | 1.49 | 1.27 |
| Calmar Ratio | 0.98 | 1.60 |
| Martin Ratio | 10.44 | 4.24 |
| Ulcer Index | 2.51% | 2.86% |
| Daily Std Dev | 10.20% | 8.34% |
| Max Drawdown | -74.66% | -43.54% |
| Current Drawdown | -7.70% | -1.95% |
Fundamentals
| BTZ | BIT | |
|---|---|---|
| Market Cap | $1.02B | $571.63M |
| EPS | $1.07 | $0.60 |
| PE Ratio | 10.21 | 24.63 |
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
In the year-to-date period, BTZ achieves a 14.37% return, which is significantly higher than BIT's 6.95% return. Over the past 10 years, BTZ has underperformed BIT with an annualized return of 5.69%, while BIT has yielded a comparatively higher 7.77% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 9.23%, less than BIT's 10.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTZ BlackRock Credit Allocation Income Trust | 9.23% | 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 | 10.07% | 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 -74.66%, 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 3.23% compared to BlackRock Multi-Sector Income Trust (BIT) at 1.75%. 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