BBCA vs. IBIT
BBCA (JPMorgan BetaBuilders Canada ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - BBCA is a Canada Equities fund tracking the Morningstar Canada Target Market Exposure Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, BBCA returned 31.11% vs -43.69% for IBIT. Their 0.36 correlation means their historical movements had little consistent relationship. BBCA charges 0.19%/yr vs 0.25%/yr for IBIT.
Performance
BBCA vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, BBCA achieves a 11.48% return, which is significantly higher than IBIT's -27.17% return.
BBCA
- 1D
- 0.50%
- 1M
- 3.24%
- 6M
- 10.32%
- YTD
- 11.48%
- 1Y
- 31.11%
- 3Y*
- 21.73%
- 5Y*
- 12.37%
- 10Y*
- —
- ALL TIME*
- 12.28%
IBIT
- 1D
- 1.46%
- 1M
- 3.70%
- 6M
- -18.23%
- YTD
- -27.17%
- 1Y
- -43.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $26.64M | $22.26M | $27.98M | |
| $1.33B | $1.34B | $1.65B |
BBCA vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BBCA JPMorgan BetaBuilders Canada ETF | 11.48% | 34.40% | 13.57% |
IBIT iShares Bitcoin Trust ETF | -27.17% | -6.41% | 89.87% |
Correlation
The correlation between BBCA and IBIT is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.36 |
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Return for Risk
BBCA vs. IBIT — Risk / Return Rank
BBCA
IBIT
BBCA vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Canada ETF (BBCA) 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.
| BBCA | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.25 | ||
| Sortino ratioReturn per unit of downside risk | +4.39 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.84 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | -0.82 | +4.53 |
| Martin ratioReturn relative to average drawdown | 14.88 | -1.26 | +16.13 |
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Drawdowns
BBCA vs. IBIT - Drawdown Comparison
The maximum BBCA drawdown since its inception was -42.81%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for BBCA and IBIT.
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Drawdown Indicators
| BBCA | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.81% | -53.30% | +10.49% |
Max Drawdown (1Y)Largest decline over 1 year | -8.43% | -53.30% | +44.87% |
Max Drawdown (3Y)Largest decline over 3 years | -12.37% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.43% | — | — |
Current DrawdownCurrent decline from peak | -0.38% | -49.28% | +48.90% |
Average DrawdownAverage peak-to-trough decline | -5.77% | -18.29% | +12.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 34.80% | -32.70% |
Volatility
BBCA vs. IBIT - Volatility Comparison
The current volatility for JPMorgan BetaBuilders Canada ETF (BBCA) is 3.05%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.98%. This indicates that BBCA 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
| BBCA | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 8.98% | -5.93% |
Volatility (6M)Calculated over the trailing 6-month period | 10.49% | 33.79% | -23.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.82% | 44.48% | -30.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.66% | 49.57% | -32.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.00% | 49.57% | -29.57% |
BBCA vs. IBIT - Expense Ratio Comparison
BBCA has a 0.19% expense ratio, which is lower than IBIT's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BBCA vs. IBIT - Dividend Comparison
BBCA's dividend yield for the trailing twelve months is around 1.72%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BBCA JPMorgan BetaBuilders Canada ETF | 1.72% | 1.83% | 2.36% | 2.51% | 2.65% | 2.17% | 2.41% | 2.32% | 1.21% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BBCA and IBIT have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (8.98%) compared to BBCA (3.05%). In terms of maximum drawdown, BBCA dropped -42.81% vs IBIT's -53.30%.
On 1-year performance, BBCA leads with 31.11% vs -43.69% for IBIT. On fees, BBCA is cheaper at 0.19% per year. On volatility, BBCA has been the lower-risk option at 3.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BBCA has performed better with a 31.11% return vs -43.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBCA is cheaper with a 0.19% expense ratio, compared with 0.25% for IBIT.
BBCA has the higher dividend yield at 1.72%, compared with 0.00% for IBIT.
BBCA is categorized as Canada Equities, while IBIT is Cryptocurrency. BBCA tracks Morningstar Canada Target Market Exposure Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.19% for BBCA and 0.25% for IBIT.
BBCA currently has the higher Sharpe Ratio (2.27 vs -0.99), 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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