PHT vs. BIT

Last updated Jun 4, 2026

PHT (Pioneer High Income Fund, Inc.) and BIT (BlackRock Multi-Sector Income Trust) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. At a 0.42 correlation, their price movements are largely independent.

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.

Returns By Period

PHT

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

BIT

• 1D: -0.55%
• 1M: -0.28%
• YTD: 0.98%
• 6M: 0.55%
• 1Y: 0.75%
• 3Y*: 6.73%
• 5Y*: 2.35%
• 10Y*: 7.31%

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

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	0.98%	2.31%	7.43%	16.78%	-14.41%	12.04%	19.67%	14.50%	-8.04%	19.97%

Correlation

The correlation between PHT and BIT is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Feb 27, 2013	0.42

Over the past year, the correlation between PHT and BIT has dropped to 0.07 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.

Fundamentals

Total Revenue (TTM) PHT : $61.06M BIT : $91.75M
Gross Profit (TTM) PHT : $44.16M BIT : $76.64M
EBITDA (TTM) PHT : $26.14M BIT : $105.25M

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: 39
BIT Sharpe Ratio Rank: 44
BIT Sortino Ratio Rank: 34
BIT Omega Ratio Rank: 34
BIT Calmar Ratio Rank: 42
BIT Martin Ratio Rank: 42

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	—	0.09	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.20	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.41	—

Drawdowns

Drawdown Indicators

	PHT	BIT	Difference
Max Drawdown Largest peak-to-trough decline	—	-43.54%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.99%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-10.42%	—
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	—	-4.61%	—
Average Drawdown Average peak-to-trough decline	—	-4.87%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.69%	—

Volatility

Volatility by Period

	PHT	BIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.60%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.79%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	8.00%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	12.04%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.99%	—

Dividends

PHT vs. BIT - Dividend Comparison

PHT's dividend yield for the trailing twelve months is around 1.32%, less than BIT's 11.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIT BlackRock Multi-Sector Income Trust	11.73%	11.15%	10.17%	9.90%	9.58%	8.18%	8.46%	8.84%	9.12%	8.44%	11.65%	8.66%
PHT Pioneer High Income Fund, Inc.	1.32%	4.63%	8.52%	9.37%	11.38%	8.12%	9.25%	8.49%	9.79%	8.03%	9.45%	14.48%

Financials

Frequently Asked Questions

Can I hold both PHT and BIT in my portfolio?

PHT and BIT have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.