^GSPTXDV vs. IBIT
^GSPTXDV (S&P/TSX Dividend Aristocrats) is an index, while IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, ^GSPTXDV returned 24.71% vs -39.60% for IBIT. At a 0.26 correlation, their price movements are largely independent.
Performance
^GSPTXDV vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, ^GSPTXDV achieves a 13.12% return, which is significantly higher than IBIT's -27.45% return.
^GSPTXDV
- 1D
- 0.74%
- 1M
- 3.51%
- YTD
- 13.12%
- 6M
- 14.20%
- 1Y
- 24.71%
- 3Y*
- 15.24%
- 5Y*
- 8.25%
- 10Y*
- 6.28%
IBIT
- 1D
- -2.65%
- 1M
- -22.17%
- YTD
- -27.45%
- 6M
- -31.40%
- 1Y
- -39.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
^GSPTXDV vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
^GSPTXDV S&P/TSX Dividend Aristocrats | 13.12% | 14.03% | 15.11% |
IBIT iShares Bitcoin Trust ETF | -27.45% | -6.41% | 99.21% |
Correlation
The correlation between ^GSPTXDV and IBIT is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.26 |
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Return for Risk
^GSPTXDV vs. IBIT — Risk / Return Rank
^GSPTXDV
IBIT
^GSPTXDV vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P/TSX Dividend Aristocrats (^GSPTXDV) and iShares Bitcoin Trust ETF (IBIT). 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.
| ^GSPTXDV | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.40 | ||
| Sortino ratioReturn per unit of downside risk | +6.42 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 0.86 | +0.82 |
| Calmar ratioReturn relative to maximum drawdown | 5.65 | -0.80 | +6.46 |
| Martin ratioReturn relative to average drawdown | 21.97 | -1.39 | +23.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ^GSPTXDV | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.49 | -0.91 | +4.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.27 | +0.06 |
Drawdowns
^GSPTXDV vs. IBIT - Drawdown Comparison
The maximum ^GSPTXDV drawdown since its inception was -46.09%, smaller than the maximum IBIT drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for ^GSPTXDV and IBIT.
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Drawdown Indicators
| ^GSPTXDV | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.09% | -49.47% | +3.38% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | -49.47% | +45.08% |
Max Drawdown (3Y)Largest decline over 3 years | -12.84% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.09% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.09% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -49.47% | +49.47% |
Average DrawdownAverage peak-to-trough decline | -7.07% | -16.07% | +9.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 28.61% | -27.48% |
Volatility
^GSPTXDV vs. IBIT - Volatility Comparison
The current volatility for S&P/TSX Dividend Aristocrats (^GSPTXDV) is 1.91%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.14%. This indicates that ^GSPTXDV experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^GSPTXDV | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 9.14% | -7.23% |
Volatility (6M)Calculated over the trailing 6-month period | 5.48% | 33.89% | -28.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.12% | 43.76% | -36.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.66% | 50.18% | -39.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.60% | 50.18% | -35.58% |
Frequently Asked Questions
^GSPTXDV and IBIT have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.14%) compared to ^GSPTXDV (1.91%). In terms of maximum drawdown, ^GSPTXDV dropped -46.09% vs IBIT's -49.47%.
^GSPTXDV currently has the higher Sharpe Ratio (3.49 vs -0.91), 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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