PHT vs. BIT

Last updated Apr 1, 2026

Compare and contrast key facts about Pioneer High Income Fund, Inc. (PHT) and BlackRock Multi-Sector Income Trust (BIT).

Performance

PHT vs. BIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer High Income Fund, Inc. (PHT) and BlackRock Multi-Sector Income Trust (BIT). The values are adjusted to include any dividend payments, if applicable.

PHT vs. BIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PHT Pioneer High Income Fund, Inc.	0.00%	12.78%	18.21%	21.32%	-25.86%	17.70%	3.74%	30.72%	-10.54%	2.93%
BIT BlackRock Multi-Sector Income Trust	-1.37%	2.31%	7.43%	16.78%	-14.41%	12.04%	19.67%	14.50%	-8.04%	19.97%

Fundamentals

Total Revenue (TTM) PHT : $61.06M BIT : $85.81M
Gross Profit (TTM) PHT : $44.16M BIT : $70.89M
EBITDA (TTM) PHT : $26.14M BIT : -$28.04M

Returns By Period

PHT

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BIT

• 1D: 2.04%
• 1M: -3.12%
• YTD: -1.37%
• 6M: -1.04%
• 1Y: -0.80%
• 3Y*: 6.34%
• 5Y*: 2.95%
• 10Y*: 7.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

PHT vs. BIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BIT

BIT Risk / Return Rank: 35
BIT Sharpe Ratio Rank: 38
BIT Sortino Ratio Rank: 30
BIT Omega Ratio Rank: 30
BIT Calmar Ratio Rank: 40
BIT Martin Ratio Rank: 39

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.

PHT vs. BIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer High Income Fund, Inc. (PHT) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PHT	BIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.07	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.25	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.40	—

Correlation

The correlation between PHT and BIT is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PHT vs. BIT - Dividend Comparison

PHT's dividend yield for the trailing twelve months is around 2.64%, less than BIT's 11.72% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PHT Pioneer High Income Fund, Inc.	2.64%	4.63%	8.52%	9.37%	11.38%	8.12%	9.25%	8.49%	9.79%	8.03%	9.45%	14.48%
BIT BlackRock Multi-Sector Income Trust	11.72%	11.15%	10.17%	9.90%	9.58%	8.18%	8.46%	8.84%	9.12%	8.44%	11.65%	8.66%

Drawdowns

Drawdown Indicators

	PHT	BIT	Difference
Max Drawdown Largest peak-to-trough decline	—	-43.54%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.72%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-43.54%	—
Current Drawdown Current decline from peak	—	-6.83%	—
Average Drawdown Average peak-to-trough decline	—	-4.87%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.45%	—

Volatility

Volatility by Period

	PHT	BIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	11.51%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	12.06%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.99%	—

Financials