PIZ vs BIT

Comparison between INVESCO DORSEY WRIGHT DEVELOPED MARKETS MOMENTUM ETF (PIZ, ETF) and BlackRock Multi-Sector Income Trust (BIT, ETF).

5-Year PerformancePIZ has outperformed BIT, delivering a return of +9.1% compared to +2.3%

PIZ vs BIT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PIZ(ETF)	BIT(ETF)
Net Assets	$775M	$770M
Expense Ratio	0.80%	N/A
Max Drawdown	61.09%	53.30%
Sharpe Ratio	0.84	-0.37
5Y Beta	0.91	0.34
5Y Dividends CAGR	48.47%	2.02%

Net Assets

Winner

PIZ

$775M

BIT

$770M

Expense Ratio

PIZ

0.80%

BIT

N/A

Max Drawdown

PIZ

61.09%

Winner

BIT

53.30%

Sharpe Ratio

Winner

PIZ

0.84

BIT

-0.37

5Y Beta

PIZ

0.91

Winner

BIT

0.34

5Y Dividends CAGR

Winner

PIZ

48.47%

BIT

2.02%

PIZ vs BIT - Historical Returns

Returns include dividend reinvestment.

Period	PIZ	BIT
1 month	-6.93%	-0.90%
3 months	+3.88%	-1.26%
6 months	+11.76%	+0.25%
1 year	+20.53%	+0.73%
5 years(CAGR)	+9.09%	+2.27%
10 years(CAGR)	+10.06%	+7.17%
Max(CAGR)	+6.02%	+6.08%

PIZ

-6.93%

Winner

BIT

-0.90%

Winner

PIZ

+3.88%

BIT

-1.26%

Winner

PIZ

+11.76%

BIT

+0.25%

Winner

PIZ

+20.53%

BIT

+0.73%

5Y(CAGR)

Winner

PIZ

+9.09%

BIT

+2.27%

10Y(CAGR)

Winner

PIZ

+10.06%

BIT

+7.17%

Max(CAGR)

PIZ

+6.02%

Winner

BIT

+6.08%

PIZ vs BIT - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	PIZ	BIT
2026	+8.40%	+0.22%
2025	+38.01%	+2.49%
2024	+18.15%	+7.07%
2023	+18.01%	+16.41%
2022	-30.42%	-14.15%
2021	+19.82%	+15.26%
2020	+16.95%	+19.14%
2019	+28.15%	+12.67%
2018	-16.56%	-7.43%
2017	+30.52%	+18.37%
2016	-6.35%	+17.55%
2015	-0.12%	+2.08%
2014	-6.69%	+5.67%
2013	+34.14%	-8.42%
2012	+15.32%	N/A
2011	-19.66%	N/A
2010	+17.77%	N/A
2009	+36.14%	N/A
2008	-43.80%	N/A

PIZ vs BIT Drawdown Comparison

The maximum drawdown for PIZ was -60.61%, occurring on Mar 9, 2009. Recovery took 1342 trading sessions.

The maximum drawdown for BIT was -43.56%, occurring on Mar 18, 2020. Recovery took 175 trading sessions.

The current PIZ drawdown is -9.71%. The current BIT drawdown is -4.96%.

Rank	PIZ	BIT
#1	-60.61% May 19, 2008 - Sep 17, 2013	-43.56% Dec 2, 2019 - Aug 12, 2020
#2	-40.94% Sep 2, 2021 - Feb 12, 2025	-23.70% Oct 22, 2021 - Jan 25, 2024
#3	-36.44% Feb 12, 2020 - Aug 6, 2020	-20.34% Mar 25, 2013 - May 12, 2014
#4	-24.78% Jan 26, 2018 - Dec 27, 2019	-13.52% Aug 28, 2018 - Apr 1, 2019
#5	-22.95% Mar 6, 2014 - Jul 17, 2017	-10.42% Feb 14, 2025 - Jun 11, 2025
#6	-14.68% Feb 18, 2025 - Apr 22, 2025	-10.24% Apr 28, 2015 - May 9, 2016
#7	-14.36% Feb 26, 2026 - Apr 14, 2026	-8.97% Aug 13, 2025 - Mar 27, 2026
#8	-12.24% Jan 10, 2008 - Feb 27, 2008	-8.06% Sep 7, 2016 - Dec 29, 2016
#9	-10.75% Feb 27, 2008 - Apr 3, 2008	-7.46% Jan 9, 2018 - Aug 14, 2018
#10	-9.71% May 8, 2026 - Jun 5, 2026	-7.26% Aug 29, 2014 - Feb 12, 2015
#11	-9.01% Feb 16, 2021 - Apr 8, 2021	-6.62% Mar 27, 2024 - Sep 24, 2024
#12	-8.27% Oct 12, 2020 - Nov 5, 2020	-4.15% Aug 2, 2019 - Oct 14, 2019
#13	-6.93% Jan 15, 2014 - Feb 18, 2014	-4.02% Jul 9, 2014 - Aug 29, 2014
#14	-5.91% Nov 3, 2025 - Dec 11, 2025	-3.99% Oct 24, 2017 - Dec 28, 2017
#15	-5.42% Sep 18, 2013 - Oct 18, 2013	-3.86% Sep 24, 2024 - Jan 15, 2025

Correlation

Correlation between PIZ and BIT is 0.87 which considered as a strong positive correlation - the stocks tend to move together.

0.87

-101

Dividend Comparison (2008 - 2026)

PIZ vs BIT dividend yield comparison.

Year	PIZ	BIT
2026	0.28%	4.94%
2025	1.55%	11.15%
2024	1.68%	10.17%
2023	1.86%	9.89%
2022	2.04%	9.57%
2021	1.01%	8.18%
2020	0.37%	8.46%
2019	1.58%	8.84%
2018	1.06%	9.12%
2017	1.30%	8.44%
2016	2.21%	11.65%
2015	1.09%	8.66%
2014	1.61%	8.85%
2013	2.81%	6.82%
2012	1.96%	0.00%
2011	2.90%	0.00%
2010	0.43%	0.00%
2009	2.10%	0.00%
2008	2.15%	0.00%