BFLX vs. IBIT
BFLX (iShares Flexible Equity Active ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - BFLX is a Long-Short fund actively managed by iShares, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. BFLX is actively managed, while IBIT is passively managed. At a 0.41 correlation, their price movements are largely independent. BFLX charges 0.40%/yr vs 0.25%/yr for IBIT.
Performance
BFLX vs. IBIT - Performance Comparison
Loading charts...
Returns By Period
BFLX
- 1D
- 0.76%
- 1M
- -0.90%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- 0.97%
- 1M
- -17.90%
- YTD
- -31.16%
- 6M
- -30.78%
- 1Y
- -43.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BFLX vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BFLX iShares Flexible Equity Active ETF | 0.36% |
IBIT iShares Bitcoin Trust ETF | -21.43% |
Correlation
The correlation between BFLX and IBIT is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 20, 2026 | 0.41 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BFLX vs. IBIT — Risk / Return Rank
BFLX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBIT
BFLX vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Flexible Equity Active ETF (BFLX) 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.
| BFLX | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.84 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.83 | — |
| Martin ratioReturn relative to average drawdown | — | -1.40 | — |
Loading charts...
Drawdowns
BFLX vs. IBIT - Drawdown Comparison
The maximum BFLX drawdown since its inception was -3.85%, smaller than the maximum IBIT drawdown of -52.98%. Use the drawdown chart below to compare losses from any high point for BFLX and IBIT.
Loading charts...
Drawdown Indicators
| BFLX | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.85% | -52.98% | +49.13% |
Max Drawdown (1Y)Largest decline over 1 year | — | -52.98% | — |
Current DrawdownCurrent decline from peak | -2.39% | -52.05% | +49.66% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -17.08% | +16.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 31.29% | — |
Volatility
BFLX vs. IBIT - Volatility Comparison
Loading charts...
Volatility by Period
| BFLX | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.70% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 34.64% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.10% | 44.47% | -29.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.10% | 50.14% | -35.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.10% | 50.14% | -35.04% |
BFLX vs. IBIT - Expense Ratio Comparison
BFLX has a 0.40% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
BFLX vs. IBIT - Dividend Comparison
Neither BFLX nor IBIT has paid dividends to shareholders.
Frequently Asked Questions
BFLX and IBIT have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBIT is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.40% for BFLX.
BFLX and IBIT have nearly identical dividend yields, around 0.00%.
BFLX is categorized as Long-Short, while IBIT is Cryptocurrency. Their fees differ too: 0.40% for BFLX and 0.25% for IBIT.
Find the right allocation for BFLX and IBIT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer