BIV vs. IBIT
BIV (Vanguard Intermediate-Term Bond Index ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - BIV is a Intermediate Core Bond fund tracking the Bloomberg U.S. 5–10 Year Government/Credit Float Adjusted Bond Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, BIV returned 3.84% vs -39.82% for IBIT. At a 0.04 correlation, their price movements are largely independent. BIV charges 0.03%/yr vs 0.25%/yr for IBIT.
Performance
BIV vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, BIV achieves a -0.13% return, which is significantly higher than IBIT's -28.88% return.
BIV
- 1D
- 0.10%
- 1M
- 0.53%
- YTD
- -0.13%
- 6M
- 0.01%
- 1Y
- 3.84%
- 3Y*
- 4.38%
- 5Y*
- 0.22%
- 10Y*
- 1.83%
IBIT
- 1D
- -3.26%
- 1M
- -17.81%
- YTD
- -28.88%
- 6M
- -28.88%
- 1Y
- -39.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BIV vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BIV Vanguard Intermediate-Term Bond Index ETF | -0.13% | 8.52% | 2.45% |
IBIT iShares Bitcoin Trust ETF | -28.88% | -6.41% | 89.87% |
Correlation
The correlation between BIV and IBIT is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.04 |
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Return for Risk
BIV vs. IBIT — Risk / Return Rank
BIV
IBIT
BIV vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Bond Index ETF (BIV) 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.
| BIV | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.86 | ||
| Sortino ratioReturn per unit of downside risk | +2.69 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.86 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | -0.77 | +1.98 |
| Martin ratioReturn relative to average drawdown | 3.38 | -1.30 | +4.68 |
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Drawdowns
BIV vs. IBIT - Drawdown Comparison
The maximum BIV drawdown since its inception was -18.95%, smaller than the maximum IBIT drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for BIV and IBIT.
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Drawdown Indicators
| BIV | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.95% | -52.11% | +33.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -52.11% | +48.93% |
Max Drawdown (3Y)Largest decline over 3 years | -6.07% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.74% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -18.95% | — | — |
Current DrawdownCurrent decline from peak | -1.93% | -50.47% | +48.54% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -16.85% | +13.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 30.58% | -29.44% |
Volatility
BIV vs. IBIT - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Bond Index ETF (BIV) is 1.23%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.18%. This indicates that BIV 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
| BIV | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 13.18% | -11.95% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 34.64% | -31.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 44.31% | -40.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.40% | 50.22% | -43.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.50% | 50.22% | -44.72% |
BIV vs. IBIT - Expense Ratio Comparison
BIV has a 0.03% expense ratio, which is lower than IBIT's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BIV vs. IBIT - Dividend Comparison
BIV's dividend yield for the trailing twelve months is around 4.21%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond Index ETF | 4.21% | 4.01% | 3.79% | 3.09% | 2.41% | 3.42% | 2.95% | 2.75% | 2.88% | 2.69% | 3.01% | 3.02% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BIV and IBIT have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (13.18%) compared to BIV (1.23%). In terms of maximum drawdown, BIV dropped -18.95% vs IBIT's -52.11%.
On 1-year performance, BIV leads with 3.84% vs -39.82% for IBIT. On fees, BIV is cheaper at 0.03% per year. On volatility, BIV has been the lower-risk option at 1.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BIV has performed better with a 3.84% return vs -39.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIV is cheaper with a 0.03% expense ratio, compared with 0.25% for IBIT.
BIV has the higher dividend yield at 4.21%, compared with 0.00% for IBIT.
BIV is categorized as Intermediate Core Bond, while IBIT is Cryptocurrency. BIV tracks Bloomberg U.S. 5–10 Year Government/Credit Float Adjusted Bond Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.03% for BIV and 0.25% for IBIT.
BIV currently has the higher Sharpe Ratio (0.96 vs -0.90), 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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