BINC vs. IBIT

Last updated Aug 2, 2026

BINC (iShares Flexible Income Active ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - BINC is a Multisector Bonds fund actively managed by iShares, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. BINC is actively managed, while IBIT is passively managed. Over the past year, BINC returned 4.14% vs -44.50% for IBIT. Their 0.22 correlation means their historical movements had little consistent relationship. BINC charges 0.40%/yr vs 0.25%/yr for IBIT.

Performance

BINC vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Flexible Income Active ETF (BINC) 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, BINC achieves a 1.11% return, which is significantly higher than IBIT's -28.22% return.

BINC

• 1D: -0.08%
• 1M: -0.27%
• 6M: 0.42%
• YTD: 1.11%
• 1Y: 4.14%
• 3Y*: 6.67%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.76%

IBIT

• 1D: -2.89%
• 1M: 2.21%
• 6M: -24.95%
• YTD: -28.22%
• 1Y: -44.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.01%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BINC iShares Flexible Income Active ETF	$70.16M	$76.44M	$122.66M
IBIT iShares Bitcoin Trust ETF	$1.30B	$1.34B	$1.68B

BINC vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BINC iShares Flexible Income Active ETF	1.11%	7.57%	6.21%
IBIT iShares Bitcoin Trust ETF	-28.22%	-6.41%	89.87%

Correlation

The correlation between BINC and IBIT is 0.29, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.29
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.22

Return for Risk

BINC vs. IBIT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BINC

BINC Risk / Return Rank: 70
BINC Sharpe Ratio Rank: 82
BINC Sortino Ratio Rank: 83
BINC Omega Ratio Rank: 84
BINC Calmar Ratio Rank: 47
BINC Martin Ratio Rank: 54

IBIT

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BINC vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Flexible Income Active ETF (BINC) 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.

	BINC	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	1.89	-1.04	+2.94
Sortino ratio: Return per unit of downside risk	2.72	-1.57	+4.30
Omega ratio: Gain probability vs. loss probability	1.36	0.83	+0.53
Calmar ratio: Return relative to maximum drawdown	1.66	-0.87	+2.53
Martin ratio: Return relative to average drawdown	6.37	-1.34	+7.71

BINC vs. IBIT - Sharpe Ratio Comparison

The current BINC Sharpe Ratio is 1.89, which is higher than the IBIT Sharpe Ratio of -1.04. The chart below compares the historical Sharpe Ratios of BINC 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

BINC vs. IBIT - Drawdown Comparison

The maximum BINC drawdown since its inception was -2.69%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for BINC and IBIT.

Drawdown Indicators

	BINC	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-2.69%	-53.30%	+50.61%
Max Drawdown (1Y) Largest decline over 1 year	-2.69%	-53.30%	+50.61%
Max Drawdown (3Y) Largest decline over 3 years	-2.69%	—	—
Current Drawdown Current decline from peak	-0.50%	-50.01%	+49.51%
Average Drawdown Average peak-to-trough decline	-0.36%	-18.24%	+17.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.70%	34.66%	-33.96%

Volatility

BINC vs. IBIT - Volatility Comparison

The current volatility for iShares Flexible Income Active ETF (BINC) is 0.78%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.21%. This indicates that BINC 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

	BINC	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.78%	9.21%	-8.43%
Volatility (6M) Calculated over the trailing 6-month period	1.99%	33.74%	-31.75%
Volatility (1Y) Calculated over the trailing 1-year period	2.36%	44.46%	-42.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.97%	49.60%	-46.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.97%	49.60%	-46.63%

BINC vs. IBIT - Expense Ratio Comparison

BINC has a 0.40% expense ratio, which is higher than IBIT's 0.25% expense ratio.

Dividends

BINC vs. IBIT - Dividend Comparison

BINC's dividend yield for the trailing twelve months is around 5.86%, while IBIT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
BINC iShares Flexible Income Active ETF	5.42%	5.86%	6.14%	3.13%
IBIT iShares Bitcoin Trust ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BINC and IBIT in my portfolio?

BINC and IBIT have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BINC or IBIT?

IBIT has higher volatility (9.21%) compared to BINC (0.78%). In terms of maximum drawdown, BINC dropped -2.69% vs IBIT's -53.30%.

Which ETF is better, BINC or IBIT?

On 1-year performance, BINC leads with 4.14% vs -44.50% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, BINC has been the lower-risk option at 0.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BINC or IBIT?

Over the 1-year period, BINC has performed better with a 4.14% return vs -44.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BINC or IBIT?

IBIT is cheaper with a 0.25% expense ratio, compared with 0.40% for BINC.

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

BINC has the higher dividend yield at 5.42%, compared with 0.00% for IBIT.

What is the main difference between BINC and IBIT?

BINC is categorized as Multisector Bonds, while IBIT is Cryptocurrency. Their fees differ too: 0.40% for BINC and 0.25% for IBIT.

Which has better risk-adjusted returns?

BINC currently has the higher Sharpe Ratio (1.89 vs -1.04), 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.