BRHY vs. IBIT
BRHY (iShares High Yield Active ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - BRHY is a High Yield Bonds fund actively managed by iShares, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. BRHY is actively managed, while IBIT is passively managed. Over the past year, BRHY returned 6.86% vs -43.61% for IBIT. At a 0.35 correlation, their price movements are largely independent. BRHY charges 0.45%/yr vs 0.25%/yr for IBIT.
Performance
BRHY vs. IBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BRHY achieves a 1.72% return, which is significantly higher than IBIT's -31.78% return.
BRHY
- 1D
- -0.02%
- 1M
- 0.38%
- YTD
- 1.72%
- 6M
- 1.84%
- 1Y
- 6.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -4.08%
- 1M
- -21.16%
- YTD
- -31.78%
- 6M
- -31.52%
- 1Y
- -43.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BRHY vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BRHY iShares High Yield Active ETF | 1.72% | 9.74% | 5.16% |
IBIT iShares Bitcoin Trust ETF | -31.78% | -6.41% | 39.68% |
Correlation
The correlation between BRHY and IBIT is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2024 | 0.35 |
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
BRHY vs. IBIT — Risk / Return Rank
BRHY
IBIT
BRHY vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares High Yield Active ETF (BRHY) 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.
| BRHY | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.12 | ||
| Sortino ratioReturn per unit of downside risk | +4.61 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.84 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | -0.83 | +3.33 |
| Martin ratioReturn relative to average drawdown | 11.43 | -1.42 | +12.85 |
Loading charts...
Drawdowns
BRHY vs. IBIT - Drawdown Comparison
The maximum BRHY drawdown since its inception was -4.42%, smaller than the maximum IBIT drawdown of -52.49%. Use the drawdown chart below to compare losses from any high point for BRHY and IBIT.
Loading charts...
Drawdown Indicators
| BRHY | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.42% | -52.49% | +48.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -52.49% | +49.73% |
Current DrawdownCurrent decline from peak | -0.37% | -52.49% | +52.12% |
Average DrawdownAverage peak-to-trough decline | -0.39% | -16.91% | +16.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 30.76% | -30.16% |
Volatility
BRHY vs. IBIT - Volatility Comparison
The current volatility for iShares High Yield Active ETF (BRHY) is 1.08%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.48%. This indicates that BRHY 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.
Loading charts...
Volatility by Period
| BRHY | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 13.48% | -12.40% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 34.60% | -32.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.23% | 44.48% | -41.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.01% | 50.25% | -46.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.01% | 50.25% | -46.24% |
BRHY vs. IBIT - Expense Ratio Comparison
BRHY has a 0.45% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
BRHY vs. IBIT - Dividend Comparison
BRHY's dividend yield for the trailing twelve months is around 7.85%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BRHY iShares High Yield Active ETF | 7.85% | 7.97% | 4.27% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BRHY and IBIT have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (13.48%) compared to BRHY (1.08%). In terms of maximum drawdown, BRHY dropped -4.42% vs IBIT's -52.49%.
On 1-year performance, BRHY leads with 6.86% vs -43.61% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, BRHY has been the lower-risk option at 1.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BRHY has performed better with a 6.86% return vs -43.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.45% for BRHY.
BRHY has the higher dividend yield at 7.85%, compared with 0.00% for IBIT.
BRHY is categorized as High Yield Bonds, while IBIT is Cryptocurrency. Their fees differ too: 0.45% for BRHY and 0.25% for IBIT.
BRHY currently has the higher Sharpe Ratio (2.14 vs -0.98), 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.
Find the right allocation for BRHY 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