BITW vs. RBIL
BITW (Bitwise 10 Crypto Index ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - BITW is a Cryptocurrency fund tracking the Bitwise 10 Large Cap Crypto Index, while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. Both are passively managed. Over the past year, BITW returned -42.84% vs 3.85% for RBIL. Their -0.09 correlation means they have often moved in opposite directions in the past. BITW charges 0.75%/yr vs 0.17%/yr for RBIL.
Performance
BITW vs. RBIL - Performance Comparison
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Returns By Period
In the year-to-date period, BITW achieves a -29.75% return, which is significantly lower than RBIL's 2.64% return.
BITW
- 1D
- 0.66%
- 1M
- 4.51%
- 6M
- -17.92%
- YTD
- -29.75%
- 1Y
- -42.84%
- 3Y*
- 48.44%
- 5Y*
- 0.56%
- 10Y*
- —
- ALL TIME*
- 23.73%
RBIL
- 1D
- -0.04%
- 1M
- 0.20%
- 6M
- 2.28%
- YTD
- 2.64%
- 1Y
- 3.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.51M | $1.45M | $2.54M | |
| $1.13M | $1.88M | $2.27M |
BITW vs. RBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITW Bitwise 10 Crypto Index ETF | -29.75% | 4.56% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 2.64% | 2.85% |
Correlation
The correlation between BITW and RBIL is -0.11, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.11 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025 | -0.09 |
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Return for Risk
BITW vs. RBIL — Risk / Return Rank
BITW
RBIL
BITW vs. RBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise 10 Crypto Index ETF (BITW) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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.
| BITW | RBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.89 | ||
| Sortino ratioReturn per unit of downside risk | -7.40 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 2.02 | -1.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 6.87 | -7.63 |
| Martin ratioReturn relative to average drawdown | -1.15 | 27.96 | -29.11 |
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Drawdowns
BITW vs. RBIL - Drawdown Comparison
The maximum BITW drawdown since its inception was -96.46%, which is greater than RBIL's maximum drawdown of -0.56%. Use the drawdown chart below to compare losses from any high point for BITW and RBIL.
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Drawdown Indicators
| BITW | RBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.46% | -0.56% | -95.90% |
Max Drawdown (1Y)Largest decline over 1 year | -56.45% | -0.56% | -55.89% |
Max Drawdown (3Y)Largest decline over 3 years | -56.45% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -91.93% | — | — |
Current DrawdownCurrent decline from peak | -70.30% | -0.19% | -70.11% |
Average DrawdownAverage peak-to-trough decline | -69.58% | -0.08% | -69.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.18% | 0.14% | +37.04% |
Volatility
BITW vs. RBIL - Volatility Comparison
Bitwise 10 Crypto Index ETF (BITW) has a higher volatility of 8.53% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.31%. This indicates that BITW's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITW | RBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.53% | 0.31% | +8.22% |
Volatility (6M)Calculated over the trailing 6-month period | 35.28% | 0.89% | +34.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.69% | 0.96% | +48.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.91% | 1.06% | +62.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.36% | 1.06% | +106.30% |
BITW vs. RBIL - Expense Ratio Comparison
BITW has a 0.75% expense ratio, which is higher than RBIL's 0.17% expense ratio.
Dividends
BITW vs. RBIL - Dividend Comparison
BITW has not paid dividends to shareholders, while RBIL's dividend yield for the trailing twelve months is around 4.16%.
| Position | TTM | 2025 |
|---|---|---|
BITW Bitwise 10 Crypto Index ETF | 0.00% | 0.00% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 4.16% | 3.65% |
Frequently Asked Questions
BITW and RBIL have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITW has higher volatility (8.53%) compared to RBIL (0.31%). In terms of maximum drawdown, BITW dropped -96.46% vs RBIL's -0.56%.
On 1-year performance, RBIL leads with 3.85% vs -42.84% for BITW. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, RBIL has performed better with a 3.85% return vs -42.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RBIL is cheaper with a 0.17% expense ratio, compared with 0.75% for BITW.
RBIL has the higher dividend yield at 4.16%, compared with 0.00% for BITW.
BITW is categorized as Cryptocurrency, while RBIL is Inflation-Protected Bonds. BITW tracks Bitwise 10 Large Cap Crypto Index, while RBIL tracks Bloomberg US Ultrashort TIPS 1-13 Months Index. They also come from different issuers: Bitwise and F/m. Their fees differ too: 0.75% for BITW and 0.17% for RBIL.
RBIL currently has the higher Sharpe Ratio (4.02 vs -0.87), 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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