BTC-USD vs. IBIT
Compare and contrast key facts about Bitcoin (BTC-USD) and iShares Bitcoin Trust (IBIT).
IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTC-USD or IBIT.
Correlation
The correlation between BTC-USD and IBIT is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BTC-USD vs. IBIT - Performance Comparison
Key characteristics
BTC-USD:
44.31%
IBIT:
57.34%
BTC-USD:
-93.07%
IBIT:
-27.51%
BTC-USD:
-7.90%
IBIT:
-9.75%
Returns By Period
BTC-USD
131.29%
3.62%
52.51%
122.84%
67.06%
76.43%
IBIT
N/A
2.03%
49.84%
N/A
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
BTC-USD vs. IBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and iShares Bitcoin Trust (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.
Drawdowns
BTC-USD vs. IBIT - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -93.07%, which is greater than IBIT's maximum drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for BTC-USD and IBIT. For additional features, visit the drawdowns tool.
Volatility
BTC-USD vs. IBIT - Volatility Comparison
The current volatility for Bitcoin (BTC-USD) is 14.07%, while iShares Bitcoin Trust (IBIT) has a volatility of 15.98%. This indicates that BTC-USD 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.