BIT vs CARY
BlackRock Multi-Sector Income Trust vs Angel Oak Income ETF
Which is better, BIT or CARY?
CARY has been ahead.
CARY has a lower expense ratio. CARY led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BIT | CARY |
|---|---|---|
| Expense Ratio | 4.26% | 0.79%Best |
| AUM | $719M | $1.4B |
| Dividend Yield | 11.82% | 5.99% |
| Holdings | 1,589 | 818 |
| YTD Return | -7.15% | +0.90%Best |
| 1Y Return | -5.64% | +2.06%Best |
| 3Y Return (annualized) | +2.43% | +6.62%Best |
| 5Y Return (annualized) | -0.39% | - |
| Volatility (annualized) | 9.5% | 2.9%Best |
| Max Drawdown | -14.7% | -2.3%Best |
| $10,000 over 3.9 years | $11,316 | $12,751Best |
| Fund Family | BlackRock, Inc. (US) | Angel Oak Capital Advisors |
| Category | Fixed Income | Fixed Income |
| Style | Diversified Sectoral Bond | Diversified Sectoral Bond |
| Inception | Feb 25, 2013 | Nov 7, 2022 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Nov 8, 2022 to Oct 14, 2026 (3.9 years).
BIT vs CARY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.9 years both funds cover.
BIT vs CARY Performance
BlackRock Multi-Sector Income Trust (BIT) is an ETF from BlackRock, Inc. (US) and Angel Oak Income ETF (CARY) is an ETF from Angel Oak Capital Advisors. Over the past year BIT returned -5.64% while CARY returned +2.06%. Year to date, BIT is down 7.15% versus a gain of 0.90% for CARY.
Over three years, BIT compounded at +2.43% per year against +6.62% for CARY. Across the full 4-year window we track, CARY has the edge at +6.43% annualized vs +3.22%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BIT has been the more volatile fund, with annualized monthly volatility of 9.5% compared with 2.9% for CARY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -14.7% for BIT and -2.3% for CARY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.51. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BIT charges 4.26% per year while CARY charges 0.79%. On a $10,000 position that is $426 vs $79 annually, a gap of $347 per year that compounds over a long holding period. On income, BIT currently yields 11.82% against 5.99% for CARY.
Holdings Overlap
We hold position weights for 955 holdings in BIT and 241 in CARY, totalling 81.9% and 20.8% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 58 positions appear in both.
The two holdings books were reported 281 days apart, BIT as of Dec 31, 2025 and CARY as of Oct 8, 2026, so some of the difference between them is the time between the two reports rather than the funds.
58 positions in common, counted across the 955 positions we hold weights for in BIT and 241 in CARY, against full books of 1,589 and 818.
Top Shared Holdings
| Stock | Weight in BIT | Weight in CARY | Difference |
|---|---|---|---|
| TIHLLC 7.125 06/01/3PANTHER ESCROW ISSUER 7.13% 01Jun2031 | 0.56% | 0.05% | 0.51% |
| PHOAVI 9.25 07/15/30Phoenix Aviation Capital Ltd 144A 9.25% Jul 15, 2030 | 0.14% | 0.15% | 0.01% |
| DTV 10 02/15/31 144ADirectv Fin Llc/Coinc Sr Secured 144A 02/31 10 | 0.08% | 0.21% | 0.13% |
| NOVHOL 6.75 04/15/32Clydesdale Acquisition Holdings Inc Aka Novolex 6.75% 04/15/2032 | 0.21% | 0.05% | 0.16% |
| NRG 6.25 11/01/34 14Nrg Energy 6.25% 11/34 6.25%11/01/2034 | 0.11% | 0.12% | 0.01% |
| CRK 5.875 01/15/30 1Comstock Resources Inc 5.875 01/15/2030 | 0.10% | 0.12% | 0.02% |
| FMCN 7.25 02/15/34 1First Quantum Minerals Ltd 144A 7.25% Feb 15, 2034 | 0.03% | 0.16% | 0.13% |
| CCL 6.125 02/15/33 1Carnival Corp Ltd. 6.125% | 0.15% | 0.03% | 0.12% |
| RHP 6.5 04/01/32 144Rhp Hotel Properties Lp / Rhp Finance Corp 144A 6.500000% 04/01/2032 | 0.13% | 0.05% | 0.08% |
| RCM 6.875 11/15/31 1Raven Acquisition Holdin Sr Secured 144A 11/31 6.875 | 0.06% | 0.10% | 0.04% |
You are not choosing between two funds in isolation.
Whichever of BIT and CARY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BIT or CARY?
BIT has an expense ratio of 4.26% while CARY charges 0.79%. CARY is the cheaper option, by $347 a year on a $10,000 investment.
Which performed better, BIT or CARY?
Over the past year BIT returned -5.64% vs +2.06% for CARY, so CARY leads on 1-year performance. Over the longest common window we track (4 years), BIT annualized +3.22% vs +6.43% for CARY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BIT or CARY?
BIT has been the more volatile fund at 9.5% annualized versus 2.9% for CARY. Worst drawdown: BIT -14.7% vs CARY -2.3%.
Should I hold both BIT and CARY?
BIT and CARY have a monthly-return correlation of 0.51, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BIT or CARY?
BIT yields 11.82% while CARY yields 5.99%, so BIT currently pays the higher dividend yield.
Is CARY better than BIT?
CARY has a lower expense ratio. CARY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.