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iShares Bitcoin Trust ETF (IBIT) Sharpe Ratio: -0.98

ETF · Currency in USD · Last updated Jun 25, 2026

The iShares Bitcoin Trust ETF seeks to reflect the performance of the price of bitcoin, offering exposure through an exchange-traded product that simplifies the operational and custody complexities of holding bitcoin directly.

IBIT's Sharpe Ratio of -0.98 indicates that for each unit of volatility, it generates -0.98 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 25, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

IBIT Sharpe Ratio Rank

IBIT Sharpe Ratio Rank: 1.31
Concerning

IBIT ranks above 1.3% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

IBIT Sharpe Ratio Market Positioning

The chart shows IBIT's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.82 or lower
  • Yellow zone (middle 50%): 0.82 to 2.07
  • Green zone (top 25%): 2.07 or higher
  • Top 1%: 6.82+
  • Median: 1.50 — half of all investments score higher

How it compares to other similar ETFs

The table compares iShares Bitcoin Trust ETF's Sharpe Ratio with other ETFs in the Cryptocurrency category across multiple time periods, showing how IBIT's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 25, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
ZCSHGrayscale Zcash Trust (ZEC)3.95
WGMIValkyrie Bitcoin Miners ETF3.20
BITIProShares Shrt Bitcoin ETF1.30
SBITProshares Ultrashort Bitcoin ETF1.07
CEPIREX Crypto Equity Premium Income ETF0.95
BTCZT-Rex 2X Inverse Bitcoin Daily Target ETF0.91
IBLCiShares Blockchain and Tech ETF0.83
BLOXNicholas Crypto Income ETF0.27
BITSGlobal X Blockchain & Bitcoin Strategy ETF0.09
SETHProShares Short Ether Strategy ETF0.05
IBITiShares Bitcoin Trust ETF-0.98

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows IBIT's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when IBIT consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does IBIT fit in your portfolio?

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