BELT vs. IBIT
BELT (iShares U.S. Select Equity Active ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - BELT is a Large Cap Growth Equities fund actively managed by iShares, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. BELT is actively managed, while IBIT is passively managed. Over the past year, BELT returned 22.26% vs -43.61% for IBIT. At a 0.41 correlation, their price movements are largely independent. BELT charges 0.75%/yr vs 0.25%/yr for IBIT.
Performance
BELT vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, BELT achieves a 15.89% return, which is significantly higher than IBIT's -31.78% return.
BELT
- 1D
- -0.28%
- 1M
- -0.57%
- YTD
- 15.89%
- 6M
- 14.46%
- 1Y
- 22.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -4.08%
- 1M
- -21.16%
- YTD
- -31.78%
- 6M
- -31.52%
- 1Y
- -43.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BELT vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BELT iShares U.S. Select Equity Active ETF | 15.89% | 12.42% | -1.87% |
IBIT iShares Bitcoin Trust ETF | -31.78% | -6.41% | 39.68% |
Correlation
The correlation between BELT and IBIT is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2024 | 0.41 |
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Return for Risk
BELT vs. IBIT — Risk / Return Rank
BELT
IBIT
BELT vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Select Equity Active ETF (BELT) 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.
| BELT | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.23 | ||
| Sortino ratioReturn per unit of downside risk | +3.25 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.84 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | -0.83 | +2.78 |
| Martin ratioReturn relative to average drawdown | 7.50 | -1.42 | +8.92 |
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Drawdowns
BELT vs. IBIT - Drawdown Comparison
The maximum BELT drawdown since its inception was -23.05%, smaller than the maximum IBIT drawdown of -52.49%. Use the drawdown chart below to compare losses from any high point for BELT and IBIT.
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Drawdown Indicators
| BELT | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.05% | -52.49% | +29.44% |
Max Drawdown (1Y)Largest decline over 1 year | -11.47% | -52.49% | +41.02% |
Current DrawdownCurrent decline from peak | -3.29% | -52.49% | +49.20% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -16.91% | +13.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 30.76% | -27.79% |
Volatility
BELT vs. IBIT - Volatility Comparison
The current volatility for iShares U.S. Select Equity Active ETF (BELT) is 6.90%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.48%. This indicates that BELT 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
| BELT | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.90% | 13.48% | -6.58% |
Volatility (6M)Calculated over the trailing 6-month period | 14.87% | 34.60% | -19.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.04% | 44.48% | -26.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.42% | 50.25% | -28.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.42% | 50.25% | -28.83% |
BELT vs. IBIT - Expense Ratio Comparison
BELT has a 0.75% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
BELT vs. IBIT - Dividend Comparison
BELT's dividend yield for the trailing twelve months is around 0.02%, while IBIT has not paid dividends to shareholders.
| Position | TTM |
|---|---|
BELT iShares U.S. Select Equity Active ETF | 0.02% |
IBIT iShares Bitcoin Trust ETF | 0.00% |
Frequently Asked Questions
BELT and IBIT have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (13.48%) compared to BELT (6.90%). In terms of maximum drawdown, BELT dropped -23.05% vs IBIT's -52.49%.
On 1-year performance, BELT leads with 22.26% vs -43.61% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, BELT has been the lower-risk option at 6.90%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BELT has performed better with a 22.26% return vs -43.61%. 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 0.75% for BELT.
BELT has the higher dividend yield at 0.02%, compared with 0.00% for IBIT.
BELT is categorized as Large Cap Growth Equities, while IBIT is Cryptocurrency. Their fees differ too: 0.75% for BELT and 0.25% for IBIT.
BELT currently has the higher Sharpe Ratio (1.25 vs -0.98), 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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