BGRO vs. IBIT

Last updated Jul 12, 2026

BGRO (BlackRock Large Cap Growth ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - BGRO 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. BGRO is actively managed, while IBIT is passively managed. Over the past year, BGRO returned 16.68% vs -46.09% for IBIT. At a 0.42 correlation, their price movements are largely independent. BGRO charges 0.55%/yr vs 0.25%/yr for IBIT.

Performance

BGRO vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Large Cap Growth ETF (BGRO) and iShares Bitcoin Trust ETF (IBIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BGRO achieves a 11.37% return, which is significantly higher than IBIT's -27.03% return.

BGRO

• 1D: -0.02%
• 1M: 2.54%
• 6M: 9.38%
• YTD: 11.37%
• 1Y: 16.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBIT

• 1D: 1.17%
• 1M: 0.53%
• 6M: -29.18%
• YTD: -27.03%
• 1Y: -46.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BGRO vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BGRO BlackRock Large Cap Growth ETF	11.37%	12.37%	11.06%
IBIT iShares Bitcoin Trust ETF	-27.03%	-6.41%	32.06%

Correlation

The correlation between BGRO and IBIT is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jun 5, 2024	0.42

Return for Risk

BGRO vs. IBIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BGRO

BGRO Risk / Return Rank: 27
BGRO Sharpe Ratio Rank: 28
BGRO Sortino Ratio Rank: 27
BGRO Omega Ratio Rank: 27
BGRO Calmar Ratio Rank: 24
BGRO Martin Ratio Rank: 27

IBIT

IBIT Risk / Return Rank: 2
IBIT Sharpe Ratio Rank: 1
IBIT Sortino Ratio Rank: 2
IBIT Omega Ratio Rank: 2
IBIT Calmar Ratio Rank: 2
IBIT Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BGRO vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Large Cap Growth ETF (BGRO) 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.

	BGRO	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	0.85	-0.99	+1.84
Sortino ratio: Return per unit of downside risk	1.25	-1.45	+2.69
Omega ratio: Gain probability vs. loss probability	1.16	0.84	+0.32
Calmar ratio: Return relative to maximum drawdown	0.92	-0.82	+1.75
Martin ratio: Return relative to average drawdown	2.94	-1.35	+4.29

BGRO vs. IBIT - Sharpe Ratio Comparison

The current BGRO Sharpe Ratio is 0.85, which is higher than the IBIT Sharpe Ratio of -0.99. The chart below compares the historical Sharpe Ratios of BGRO and IBIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BGRO vs. IBIT - Drawdown Comparison

The maximum BGRO drawdown since its inception was -24.94%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for BGRO and IBIT.

Drawdown Indicators

	BGRO	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-24.94%	-53.30%	+28.36%
Max Drawdown (1Y) Largest decline over 1 year	-17.64%	-53.30%	+35.66%
Current Drawdown Current decline from peak	-4.07%	-49.18%	+45.11%
Average Drawdown Average peak-to-trough decline	-4.77%	-17.51%	+12.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.53%	32.56%	-27.03%

Volatility

BGRO vs. IBIT - Volatility Comparison

The current volatility for BlackRock Large Cap Growth ETF (BGRO) is 6.57%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 11.12%. This indicates that BGRO 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.

Volatility by Period

	BGRO	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.57%	11.12%	-4.55%
Volatility (6M) Calculated over the trailing 6-month period	15.50%	34.70%	-19.20%
Volatility (1Y) Calculated over the trailing 1-year period	19.26%	44.47%	-25.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.59%	49.98%	-26.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.59%	49.98%	-26.39%

BGRO vs. IBIT - Expense Ratio Comparison

BGRO has a 0.55% expense ratio, which is higher than IBIT's 0.25% expense ratio.

Dividends

BGRO vs. IBIT - Dividend Comparison

BGRO's dividend yield for the trailing twelve months is around 0.03%, while IBIT has not paid dividends to shareholders.

Position	TTM	2025
BGRO BlackRock Large Cap Growth ETF	0.03%	0.04%
IBIT iShares Bitcoin Trust ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both BGRO and IBIT in my portfolio?

BGRO and IBIT have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BGRO or IBIT?

IBIT has higher volatility (11.12%) compared to BGRO (6.57%). In terms of maximum drawdown, BGRO dropped -24.94% vs IBIT's -53.30%.

Which ETF is better, BGRO or IBIT?

On 1-year performance, BGRO leads with 16.68% vs -46.09% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, BGRO has been the lower-risk option at 6.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BGRO or IBIT?

Over the 1-year period, BGRO has performed better with a 16.68% return vs -46.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BGRO or IBIT?

IBIT is cheaper with a 0.25% expense ratio, compared with 0.55% for BGRO.

Which ETF pays a higher dividend yield, BGRO or IBIT?

BGRO has the higher dividend yield at 0.03%, compared with 0.00% for IBIT.

What is the main difference between BGRO and IBIT?

BGRO is categorized as Large Cap Growth Equities, while IBIT is Cryptocurrency. Their fees differ too: 0.55% for BGRO and 0.25% for IBIT.

Which has better risk-adjusted returns?

BGRO currently has the higher Sharpe Ratio (0.85 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.