BTZ vs. BKT
Compare and contrast key facts about BlackRock Credit Allocation Income Trust (BTZ) and BlackRock Income Trust (BKT).
BKT is managed by Blackrock. It was launched on Jan 2, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTZ or BKT.
Key characteristics
| BTZ | BKT | |
|---|---|---|
| YTD Return | 14.37% | 4.54% |
| 1Y Return | 26.11% | 16.90% |
| 3Y Return (Ann) | -1.89% | -5.59% |
| 5Y Return (Ann) | 3.79% | -0.91% |
| 10Y Return (Ann) | 5.69% | 1.93% |
| Sharpe Ratio | 2.57 | 1.45 |
| Sortino Ratio | 3.64 | 2.06 |
| Omega Ratio | 1.49 | 1.27 |
| Calmar Ratio | 0.98 | 0.50 |
| Martin Ratio | 10.44 | 4.62 |
| Ulcer Index | 2.51% | 3.52% |
| Daily Std Dev | 10.20% | 11.24% |
| Max Drawdown | -74.66% | -35.70% |
| Current Drawdown | -7.70% | -21.27% |
Correlation
The correlation between BTZ and BKT is 0.25, 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. BKT - Performance Comparison
In the year-to-date period, BTZ achieves a 14.37% return, which is significantly higher than BKT's 4.54% return. Over the past 10 years, BTZ has outperformed BKT with an annualized return of 5.69%, while BKT has yielded a comparatively lower 1.93% 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. BKT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Credit Allocation Income Trust (BTZ) and BlackRock Income Trust (BKT). 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. BKT - Dividend Comparison
BTZ's dividend yield for the trailing twelve months is around 9.23%, more than BKT's 8.93% 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% |
BKT BlackRock Income Trust | 8.93% | 8.67% | 8.26% | 7.22% | 6.72% | 6.74% | 6.49% | 5.25% | 5.18% | 5.89% | 6.59% | 7.16% |
Drawdowns
BTZ vs. BKT - Drawdown Comparison
The maximum BTZ drawdown since its inception was -74.66%, which is greater than BKT's maximum drawdown of -35.70%. Use the drawdown chart below to compare losses from any high point for BTZ and BKT. For additional features, visit the drawdowns tool.
Volatility
BTZ vs. BKT - Volatility Comparison
BlackRock Credit Allocation Income Trust (BTZ) has a higher volatility of 3.23% compared to BlackRock Income Trust (BKT) at 2.57%. This indicates that BTZ's price experiences larger fluctuations and is considered to be riskier than BKT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.