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 97.95% vs -38.74% for IBIT. At a 0.45 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 55.29% return, which is significantly higher than IBIT's -25.48% return.
BAI
- 1D
- -0.40%
- 1M
- 18.14%
- YTD
- 55.29%
- 6M
- 51.89%
- 1Y
- 97.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BAI vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BAI iShares A.I. Innovation and Tech Active ETF | 55.29% | 25.22% | 8.06% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 38.12% |
Correlation
The correlation between BAI and IBIT is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2024 | 0.45 |
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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.
| BAI | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.93 | ||
| Sortino ratioReturn per unit of downside risk | +4.63 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 0.86 | +0.60 |
| Calmar ratioReturn relative to maximum drawdown | 6.07 | -0.79 | +6.86 |
| Martin ratioReturn relative to average drawdown | 16.57 | -1.36 | +17.93 |
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
| BAI | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.04 | -0.89 | +3.93 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.69 | 0.30 | +1.39 |
Drawdowns
BAI vs. IBIT - Drawdown Comparison
The maximum BAI drawdown since its inception was -34.09%, smaller than the maximum IBIT drawdown of -49.36%. 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% | -49.36% | +15.27% |
Max Drawdown (1Y)Largest decline over 1 year | -16.22% | -49.36% | +33.14% |
Current DrawdownCurrent decline from peak | -0.40% | -48.10% | +47.70% |
Average DrawdownAverage peak-to-trough decline | -6.93% | -16.02% | +9.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.93% | 28.44% | -22.51% |
Volatility
BAI vs. IBIT - Volatility Comparison
iShares A.I. Innovation and Tech Active ETF (BAI) has a higher volatility of 11.32% compared to iShares Bitcoin Trust ETF (IBIT) at 9.50%. 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 | 11.32% | 9.50% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 26.16% | 34.44% | -8.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.43% | 43.73% | -11.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.06% | 50.19% | -15.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.06% | 50.19% | -15.13% |
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 1.16%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BAI iShares A.I. Innovation and Tech Active ETF | 1.16% | 1.80% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% |
Frequently Asked Questions
BAI and IBIT have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAI has higher volatility (11.32%) compared to IBIT (9.50%). In terms of maximum drawdown, BAI dropped -34.09% vs IBIT's -49.36%.
On 1-year performance, BAI leads with 97.95% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 9.50%. 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 97.95% return vs -38.74%. 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 1.16%, 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 (3.04 vs -0.89), 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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