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 0.30, 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
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Key characteristics
BTZ:
0.95
BIT:
0.28
BTZ:
1.28
BIT:
0.43
BTZ:
1.19
BIT:
1.07
BTZ:
0.68
BIT:
0.30
BTZ:
4.45
BIT:
1.22
BTZ:
2.42%
BIT:
2.52%
BTZ:
11.46%
BIT:
11.34%
BTZ:
-74.64%
BIT:
-43.54%
BTZ:
-6.14%
BIT:
-1.33%
Fundamentals
BTZ:
$988.31M
BIT:
$577.00M
BTZ:
$0.69
BIT:
$1.22
BTZ:
15.35
BIT:
11.73
BTZ:
9.23
BIT:
11.95
BTZ:
0.94
BIT:
1.00
Returns By Period
In the year-to-date period, BTZ achieves a 4.54% return, which is significantly higher than BIT's 1.45% return. Over the past 10 years, BTZ has underperformed BIT with an annualized return of 5.60%, while BIT has yielded a comparatively higher 7.67% annualized return.
BTZ
4.54%
7.76%
0.40%
11.51%
4.12%
5.60%
BIT
1.45%
7.05%
1.03%
3.28%
11.43%
7.67%
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Risk-Adjusted Performance
BTZ vs. BIT — Risk-Adjusted Performance Rank
BTZ
BIT
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.
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Dividends
BTZ vs. BIT - Dividend Comparison
BTZ's dividend yield for the trailing twelve months is around 9.51%, less than BIT's 10.37% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTZ BlackRock Credit Allocation Income Trust | 9.51% | 9.63% | 9.76% | 9.14% | 6.69% | 6.84% | 6.23% | 7.19% | 6.25% | 6.90% | 7.83% | 7.48% |
BIT BlackRock Multi-Sector Income Trust | 10.37% | 10.17% | 9.90% | 9.58% | 8.18% | 8.46% | 8.84% | 9.12% | 8.44% | 11.65% | 9.40% | 8.85% |
Drawdowns
BTZ vs. BIT - Drawdown Comparison
The maximum BTZ drawdown since its inception was -74.64%, 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.
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Volatility
BTZ vs. BIT - Volatility Comparison
BlackRock Credit Allocation Income Trust (BTZ) has a higher volatility of 4.31% compared to BlackRock Multi-Sector Income Trust (BIT) at 3.54%. 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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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