WATT vs. BIT
WATT (Energous Corporation) and BIT (BlackRock Multi-Sector Income Trust) are both stocks. WATT operates in Scientific & Technical Instruments (Technology), while BIT operates in Asset Management (Financial Services). Over the past 10 years, WATT returned -45.50%/yr vs 7.03%/yr for BIT. At a 0.15 correlation, their price movements are largely independent.
Performance
WATT vs. BIT - Performance Comparison
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Returns By Period
In the year-to-date period, WATT achieves a 350.88% return, which is significantly higher than BIT's 1.42% return. Over the past 10 years, WATT has underperformed BIT with an annualized return of -45.50%, while BIT has yielded a comparatively higher 7.03% annualized return.
WATT
- 1D
- -5.32%
- 1M
- -24.12%
- 6M
- 252.05%
- YTD
- 350.88%
- 1Y
- 53.37%
- 3Y*
- -51.87%
- 5Y*
- -59.10%
- 10Y*
- -45.50%
BIT
- 1D
- -0.48%
- 1M
- 0.43%
- 6M
- 0.26%
- YTD
- 1.42%
- 1Y
- -2.00%
- 3Y*
- 6.74%
- 5Y*
- 2.54%
- 10Y*
- 7.03%
WATT vs. BIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WATT Energous Corporation | 350.88% | -86.83% | -44.81% | -89.06% | -33.12% | -30.56% | 1.69% | -69.43% | -70.23% | 15.43% |
BIT BlackRock Multi-Sector Income Trust | 1.42% | 2.31% | 7.43% | 16.78% | -14.41% | 12.04% | 19.67% | 14.50% | -8.04% | 19.97% |
Correlation
The correlation between WATT and BIT is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2014 | 0.15 |
Fundamentals
WATT:
$26.72M
BIT:
$536.51M
WATT:
-$3.39
BIT:
$1.37
WATT:
5.00
BIT:
7.77
WATT:
1.63
BIT:
0.90
WATT:
$8.37M
BIT:
$91.75M
WATT:
$3.00M
BIT:
$76.64M
WATT:
-$8.08M
BIT:
$105.25M
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Return for Risk
WATT vs. BIT — Risk / Return Rank
WATT
BIT
WATT vs. BIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Energous Corporation (WATT) 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.
| WATT | BIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.96 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | -0.27 | +1.08 |
| Martin ratioReturn relative to average drawdown | 1.39 | -0.49 | +1.88 |
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Drawdowns
WATT vs. BIT - Drawdown Comparison
The maximum WATT drawdown since its inception was -99.98%, which is greater than BIT's maximum drawdown of -43.54%. Use the drawdown chart below to compare losses from any high point for WATT and BIT.
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Drawdown Indicators
| WATT | BIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -43.54% | -56.44% |
Max Drawdown (1Y)Largest decline over 1 year | -77.01% | -8.99% | -68.02% |
Max Drawdown (3Y)Largest decline over 3 years | -97.64% | -10.42% | -87.22% |
Max Drawdown (5Y)Largest decline over 5 years | -99.77% | -23.72% | -76.05% |
Max Drawdown (10Y)Largest decline over 10 years | -99.98% | -43.54% | -56.44% |
Current DrawdownCurrent decline from peak | -99.91% | -4.20% | -95.71% |
Average DrawdownAverage peak-to-trough decline | -73.19% | -4.87% | -68.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.70% | 4.92% | +39.78% |
Volatility
WATT vs. BIT - Volatility Comparison
Energous Corporation (WATT) has a higher volatility of 30.30% compared to BlackRock Multi-Sector Income Trust (BIT) at 2.37%. This indicates that WATT'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
| WATT | BIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.30% | 2.37% | +27.93% |
Volatility (6M)Calculated over the trailing 6-month period | 88.17% | 6.23% | +81.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 127.10% | 8.34% | +118.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 266.74% | 12.06% | +254.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 213.98% | 15.98% | +198.00% |
Dividends
WATT vs. BIT - Dividend Comparison
WATT has not paid dividends to shareholders, while BIT's dividend yield for the trailing twelve months is around 11.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIT BlackRock Multi-Sector Income Trust | 11.82% | 11.15% | 10.17% | 9.90% | 9.58% | 8.18% | 8.46% | 8.84% | 9.12% | 8.44% | 11.65% | 8.66% |
WATT Energous Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
WATT vs. BIT - Financials Comparison
This section allows you to compare key financial metrics between Energous Corporation and BlackRock Multi-Sector Income Trust. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
WATT and BIT have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WATT has higher volatility (30.30%) compared to BIT (2.37%). In terms of maximum drawdown, WATT dropped -99.98% vs BIT's -43.54%.
WATT currently has the higher Sharpe Ratio (0.50 vs -0.29), 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.
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