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IYW vs. BIT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYW vs. BIT

Last updated Jun 24, 2026

IYW (iShares U.S. Technology ETF) is Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index, while BIT (BlackRock Multi-Sector Income Trust) is a stock. Over the past 10 years, IYW returned 25.94%/yr vs 7.36%/yr for BIT. At a 0.33 correlation, their price movements are largely independent.

Performance

IYW vs. BIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Technology ETF (IYW) and BlackRock Multi-Sector Income Trust (BIT). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IYW achieves a 21.96% return, which is significantly higher than BIT's 0.36% return. Over the past 10 years, IYW has outperformed BIT with an annualized return of 25.94%, while BIT has yielded a comparatively lower 7.36% annualized return.

IYW

1D
-3.91%
1M
0.69%
YTD
21.96%
6M
20.43%
1Y
47.04%
3Y*
32.10%
5Y*
20.32%
10Y*
25.94%

BIT

1D
0.08%
1M
0.43%
YTD
0.36%
6M
0.36%
1Y
-1.27%
3Y*
6.94%
5Y*
2.25%
10Y*
7.36%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IYW vs. BIT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IYW
iShares U.S. Technology ETF		21.96%25.38%30.25%65.44%-34.83%35.44%47.45%46.64%-0.93%36.60%
BIT
BlackRock Multi-Sector Income Trust		0.36%2.31%7.43%16.78%-14.41%12.04%19.67%14.50%-8.04%19.97%

Correlation

The correlation between IYW and BIT is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.42

Correlation (3Y)
Calculated over the trailing 3-year period

0.37

Correlation (5Y)
Calculated over the trailing 5-year period

0.41

Correlation (10Y)
Calculated over the trailing 10-year period

0.36

Correlation (All Time)
Calculated using the full available price history since Feb 26, 2013

0.33

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares U.S. Technology ETF

BlackRock Multi-Sector Income Trust

Often compared with IYW:
IYW vs. VGTIYW vs. QQQIYW vs. XLKIYW vs. IGMIYW vs. SMHIYW vs. SOXXIYW vs. IWF
Often compared with BIT:
BIT vs. SPYBIT vs. BTC-USDBIT vs. BITOBIT vs. QQQBIT vs. BTZBIT vs. BGTBIT vs. CRF

Return for Risk

IYW vs. BIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IYW
IYW Risk / Return Rank: 5959
Overall Rank
IYW Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
IYW Sortino Ratio Rank: 5959
Sortino Ratio Rank
IYW Omega Ratio Rank: 6161
Omega Ratio Rank
IYW Calmar Ratio Rank: 5656
Calmar Ratio Rank
IYW Martin Ratio Rank: 5151
Martin Ratio Rank
BIT
BIT Risk / Return Rank: 3434
Overall Rank
BIT Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
BIT Sortino Ratio Rank: 2828
Sortino Ratio Rank
BIT Omega Ratio Rank: 2828
Omega Ratio Rank
BIT Calmar Ratio Rank: 3838
Calmar Ratio Rank
BIT Martin Ratio Rank: 3838
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

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.

IYWBITDifference
Sharpe ratioReturn per unit of total volatility
2.12
-0.15

+2.27

Sortino ratioReturn per unit of downside risk
2.68
-0.15

+2.83

Omega ratioGain probability vs. loss probability

1.36

0.98

+0.38

Calmar ratioReturn relative to maximum drawdown

2.65

-0.14

+2.80

Martin ratioReturn relative to average drawdown

8.46

-0.26

+8.73

IYW vs. BIT - Sharpe Ratio Comparison

The current IYW Sharpe Ratio is 2.12, which is higher than the BIT Sharpe Ratio of -0.15. The chart below compares the historical Sharpe Ratios of IYW and BIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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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

IYWBITDifference

Max Drawdown

Largest peak-to-trough decline

-81.90%

-43.54%

-38.36%

Max Drawdown (1Y)

Largest decline over 1 year

-17.81%

-8.99%

-8.82%

Max Drawdown (3Y)

Largest decline over 3 years

-26.47%

-10.42%

-16.05%

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 Drawdown

Current decline from peak

-6.35%

-5.19%

-1.16%

Average Drawdown

Average peak-to-trough decline

-34.59%

-4.87%

-29.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.57%

4.82%

+0.75%

Volatility

IYW vs. BIT - Volatility Comparison

iShares U.S. Technology ETF (IYW) has a higher volatility of 11.15% compared to BlackRock Multi-Sector Income Trust (BIT) at 2.66%. 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

IYWBITDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.15%

2.66%

+8.49%

Volatility (6M)

Calculated over the trailing 6-month period

18.45%

6.20%

+12.25%

Volatility (1Y)

Calculated over the trailing 1-year period

22.34%

8.27%

+14.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.24%

12.07%

+14.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.26%

16.00%

+9.26%

Dividends

IYW vs. BIT - Dividend Comparison

IYW's dividend yield for the trailing twelve months is around 0.11%, less than BIT's 11.94% yield.

PositionTTM20252024202320222021202020192018201720162015
BIT
BlackRock Multi-Sector Income Trust		11.94%11.15%10.17%9.90%9.58%8.18%8.46%8.84%9.12%8.44%11.65%8.66%
IYW
iShares U.S. Technology ETF		0.11%0.14%0.21%0.34%0.50%0.31%0.56%0.72%0.92%0.82%1.14%1.12%

Frequently Asked Questions

IYW and BIT have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IYW has higher volatility (11.15%) compared to BIT (2.66%). In terms of maximum drawdown, IYW dropped -81.90% vs BIT's -43.54%.

IYW currently has the higher Sharpe Ratio (2.12 vs -0.15), 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.

Portfolio Optimizer

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