IYW vs. BIT
Compare and contrast key facts about iShares U.S. Technology ETF (IYW) and BlackRock Multi-Sector Income Trust (BIT).
IYW is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Technology Index. It was launched on May 19, 2000.
Performance
IYW vs. BIT - Performance Comparison
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IYW vs. BIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | -7.61% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
BIT BlackRock Multi-Sector Income Trust | -1.05% | 2.31% | 7.43% | 16.78% | -14.41% | 12.04% | 19.67% | 14.50% | -8.04% | 19.97% |
Returns By Period
In the year-to-date period, IYW achieves a -7.61% return, which is significantly lower than BIT's -1.05% return. Over the past 10 years, IYW has outperformed BIT with an annualized return of 21.74%, while BIT has yielded a comparatively lower 7.84% annualized return.
IYW
- 1D
- 1.65%
- 1M
- -3.50%
- YTD
- -7.61%
- 6M
- -6.42%
- 1Y
- 30.19%
- 3Y*
- 26.02%
- 5Y*
- 15.85%
- 10Y*
- 21.74%
BIT
- 1D
- 0.32%
- 1M
- -3.11%
- YTD
- -1.05%
- 6M
- -1.02%
- 1Y
- 0.07%
- 3Y*
- 6.46%
- 5Y*
- 3.02%
- 10Y*
- 7.84%
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Return for Risk
IYW vs. BIT — Risk / Return Rank
IYW
BIT
IYW vs. BIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Technology ETF (IYW) 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.
| IYW | BIT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 0.01 | +1.12 |
Sortino ratioReturn per unit of downside risk | 1.73 | 0.08 | +1.64 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.01 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 1.77 | -0.05 | +1.82 |
Martin ratioReturn relative to average drawdown | 5.68 | -0.11 | +5.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IYW | BIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 0.01 | +1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.25 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.49 | +0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.40 | -0.10 |
Correlation
The correlation between IYW and BIT is 0.33, 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.
Dividends
IYW vs. BIT - Dividend Comparison
IYW's dividend yield for the trailing twelve months is around 0.15%, less than BIT's 11.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 0.15% | 0.14% | 0.21% | 0.34% | 0.50% | 0.31% | 0.56% | 0.72% | 0.92% | 0.82% | 1.14% | 1.12% |
BIT BlackRock Multi-Sector Income Trust | 11.68% | 11.15% | 10.17% | 9.90% | 9.58% | 8.18% | 8.46% | 8.84% | 9.12% | 8.44% | 11.65% | 8.66% |
Drawdowns
IYW vs. BIT - Drawdown Comparison
The maximum IYW drawdown since its inception was -81.90%, which is greater than BIT's maximum drawdown of -43.54%. Use the drawdown chart below to compare losses from any high point for IYW and BIT.
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Drawdown Indicators
| IYW | BIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.90% | -43.54% | -38.36% |
Max Drawdown (1Y)Largest decline over 1 year | -17.81% | -9.15% | -8.66% |
Max Drawdown (5Y)Largest decline over 5 years | -39.44% | -23.72% | -15.72% |
Max Drawdown (10Y)Largest decline over 10 years | -39.44% | -43.54% | +4.10% |
Current DrawdownCurrent decline from peak | -12.65% | -6.53% | -6.12% |
Average DrawdownAverage peak-to-trough decline | -34.87% | -4.87% | -30.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.55% | 4.45% | +1.10% |
Volatility
IYW vs. BIT - Volatility Comparison
iShares U.S. Technology ETF (IYW) has a higher volatility of 8.23% compared to BlackRock Multi-Sector Income Trust (BIT) at 3.98%. This indicates that IYW'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
| IYW | BIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.23% | 3.98% | +4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 15.99% | 5.43% | +10.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.92% | 11.51% | +15.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.78% | 12.06% | +13.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.98% | 15.99% | +8.99% |