BIT vs VLT: Correlation
BlackRock Multi-Sector Income Trust (BIT) and Invesco High Income Trust II (VLT) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIT and VLT?
Over the past 3 years, BIT and VLT moved with a correlation of 0.75, which is strong. The relationship has been stable: the 1-year correlation (0.73) sits close to the 3-year figure. Over 5 years the correlation is 0.72, and the annualized covariance of weekly returns is 78.3 %².
In BIT's tracked universe of 11 assets, VLT sits right near the top at #2. Neither side won the trailing year by much: -2.3% against -1.3%.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BIT vs VLT: side by side
| BIT (BlackRock Multi-Sector Income Trust) | VLT (Invesco High Income Trust II) | |
|---|---|---|
| 1-year return | -2.3% | -1.3% |
| 5-year return | +5.8% | +12.4% |
| Volatility (ann.) | 10.5% | 10.0% |
| Beta vs S&P 500 | 0.42 | 0.47 |
| Max drawdown (3Y) | -11.6% | -13.4% |
| Market cap | $0.7B | – |
| P/E (trailing) | 11.3 | 13.9 |
| Dividend yield | 0.00% | 11.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BIT | VLT |
|---|---|---|
| 2022 | -14.6% | -20.9% |
| 2023 | +16.5% | +13.1% |
| 2024 | +7.2% | +17.3% |
| 2025 | -0.7% | +13.2% |
| 2026 | -1.1% | -4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIT and VLT good diversifiers for each other?
To a limited degree. At 0.75 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BIT and VLT?
As of 2026-08-27, the correlation of weekly returns between BIT and VLT is 0.75 over 3 years, 0.73 over 1 year and 0.72 over 5 years.
Is VLT a good diversifier for BIT?
To a limited degree. At 0.75 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.75 mean?
On the −1 to +1 scale, 0.75 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bit-vs-vlt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bit-vs-vlt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BIT correlations · VLT correlations
