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 29.69% vs -38.74% for IBIT. At a 0.35 correlation, their price movements are largely independent. 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 8.72% return, which is significantly higher than IBIT's -25.48% return.
BBCA
- 1D
- -1.27%
- 1M
- 1.57%
- YTD
- 8.72%
- 6M
- 12.76%
- 1Y
- 29.69%
- 3Y*
- 21.63%
- 5Y*
- 11.39%
- 10Y*
- —
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BBCA vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BBCA JPMorgan BetaBuilders Canada ETF | 8.72% | 34.40% | 14.10% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between BBCA and IBIT is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.35 |
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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.
| BBCA | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.10 | ||
| Sortino ratioReturn per unit of downside risk | +4.17 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.86 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 3.54 | -0.79 | +4.33 |
| Martin ratioReturn relative to average drawdown | 14.56 | -1.36 | +15.92 |
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
| BBCA | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | -0.89 | +3.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.30 | +0.31 |
Drawdowns
BBCA vs. IBIT - Drawdown Comparison
The maximum BBCA drawdown since its inception was -42.81%, smaller than the maximum IBIT drawdown of -49.36%. 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% | -49.36% | +6.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.43% | -49.36% | +40.93% |
Max Drawdown (3Y)Largest decline over 3 years | -12.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.43% | — | — |
Current DrawdownCurrent decline from peak | -1.27% | -48.10% | +46.83% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -16.02% | +10.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 28.44% | -26.40% |
Volatility
BBCA vs. IBIT - Volatility Comparison
The current volatility for JPMorgan BetaBuilders Canada ETF (BBCA) is 3.38%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. 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 | 3.38% | 9.50% | -6.12% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 34.44% | -23.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.49% | 43.73% | -30.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 50.19% | -33.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.14% | 50.19% | -30.05% |
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 1.74%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BBCA JPMorgan BetaBuilders Canada ETF | 1.74% | 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 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.50%) compared to BBCA (3.38%). In terms of maximum drawdown, BBCA dropped -42.81% vs IBIT's -49.36%.
On 1-year performance, BBCA leads with 29.69% vs -38.74% for IBIT. On fees, BBCA is cheaper at 0.19% per year. On volatility, BBCA has been the lower-risk option at 3.38%. 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 29.69% return vs -38.74%. 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 1.74%, 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 (2.21 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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