BAI vs. IBIT
BAI (iShares A.I. Innovation and Tech Active ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - BAI is a Technology Equities fund actively managed by iShares, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. BAI is actively managed, while IBIT is passively managed. Over the past year, BAI returned 86.14% vs -39.82% for IBIT. At a 0.47 correlation, their price movements are largely independent. BAI charges 0.55%/yr vs 0.25%/yr for IBIT.
Performance
BAI vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, BAI achieves a 49.94% return, which is significantly higher than IBIT's -28.88% return.
BAI
- 1D
- -7.93%
- 1M
- 4.43%
- YTD
- 49.94%
- 6M
- 47.29%
- 1Y
- 86.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -3.26%
- 1M
- -17.81%
- YTD
- -28.88%
- 6M
- -28.88%
- 1Y
- -39.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BAI vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BAI iShares A.I. Innovation and Tech Active ETF | 49.94% | 25.22% | 8.89% |
IBIT iShares Bitcoin Trust ETF | -28.88% | -6.41% | 37.54% |
Correlation
The correlation between BAI and IBIT is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024 | 0.47 |
The correlation between BAI and IBIT has been stable across timeframes, ranging from 0.47 to 0.50 - a consistent structural relationship.
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Return for Risk
BAI vs. IBIT — Risk / Return Rank
BAI
IBIT
BAI vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares A.I. Innovation and Tech Active ETF (BAI) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BAI | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.22 | ||
| Sortino ratioReturn per unit of downside risk | +3.96 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.86 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 5.34 | -0.77 | +6.10 |
| Martin ratioReturn relative to average drawdown | 14.08 | -1.30 | +15.39 |
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Drawdowns
BAI vs. IBIT - Drawdown Comparison
The maximum BAI drawdown since its inception was -34.09%, smaller than the maximum IBIT drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for BAI and IBIT.
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Drawdown Indicators
| BAI | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.09% | -52.11% | +18.02% |
Max Drawdown (1Y)Largest decline over 1 year | -16.22% | -52.11% | +35.89% |
Current DrawdownCurrent decline from peak | -7.93% | -50.47% | +42.54% |
Average DrawdownAverage peak-to-trough decline | -6.87% | -16.85% | +9.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.14% | 30.58% | -24.44% |
Volatility
BAI vs. IBIT - Volatility Comparison
iShares A.I. Innovation and Tech Active ETF (BAI) has a higher volatility of 20.05% compared to iShares Bitcoin Trust ETF (IBIT) at 13.18%. This indicates that BAI's price experiences larger fluctuations and is considered to be riskier 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
| BAI | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.05% | 13.18% | +6.87% |
Volatility (6M)Calculated over the trailing 6-month period | 31.41% | 34.64% | -3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.30% | 44.31% | -7.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.40% | 50.22% | -12.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.40% | 50.22% | -12.82% |
BAI vs. IBIT - Expense Ratio Comparison
BAI has a 0.55% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
BAI vs. IBIT - Dividend Comparison
BAI's dividend yield for the trailing twelve months is around 1.19%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BAI iShares A.I. Innovation and Tech Active ETF | 1.19% | 1.80% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% |
Frequently Asked Questions
BAI and IBIT have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAI has higher volatility (20.05%) compared to IBIT (13.18%). In terms of maximum drawdown, BAI dropped -34.09% vs IBIT's -52.11%.
On 1-year performance, BAI leads with 86.14% vs -39.82% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 13.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BAI has performed better with a 86.14% return vs -39.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.55% for BAI.
BAI has the higher dividend yield at 1.19%, compared with 0.00% for IBIT.
BAI is categorized as Technology Equities, while IBIT is Cryptocurrency. Their fees differ too: 0.55% for BAI and 0.25% for IBIT.
BAI currently has the higher Sharpe Ratio (2.32 vs -0.90), 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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