BTC-USD vs. IBIT
BTC-USD (Bitcoin) is a cryptocurrency, while IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, BTC-USD returned -43.30% vs -43.21% for IBIT. A 0.72 correlation means they provide meaningful diversification when combined.
Performance
BTC-USD vs. IBIT - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with BTC-USD having a -23.90% return and IBIT slightly lower at -24.13%.
BTC-USD
- 1D
- 2.10%
- 1M
- 5.29%
- 6M
- -24.60%
- YTD
- -23.90%
- 1Y
- -43.30%
- 3Y*
- 30.74%
- 5Y*
- 15.58%
- 10Y*
- 58.69%
- ALL TIME*
- 89.03%
IBIT
- 1D
- 2.11%
- 1M
- 5.76%
- 6M
- -25.79%
- YTD
- -24.13%
- 1Y
- -43.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.57%
BTC-USD vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTC-USD Bitcoin | -23.90% | -6.27% | 100.05% |
IBIT iShares Bitcoin Trust ETF | -24.13% | -6.41% | 89.87% |
Correlation
The correlation between BTC-USD and IBIT is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.72 |
The correlation between BTC-USD and IBIT has been stable across timeframes, ranging from 0.72 to 0.73 - a consistent structural relationship.
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
BTC-USD vs. IBIT — Risk / Return Rank
BTC-USD
IBIT
BTC-USD vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) 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.
| BTC-USD | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.84 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.81 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.30 | -1.29 | -0.01 |
Loading charts...
Drawdowns
BTC-USD vs. IBIT - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than IBIT's maximum drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for BTC-USD and IBIT.
Loading charts...
Drawdown Indicators
| BTC-USD | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -53.30% | -32.00% |
Max Drawdown (1Y)Largest decline over 1 year | -53.08% | -53.30% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -53.08% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | — | — |
Current DrawdownCurrent decline from peak | -46.61% | -47.16% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -42.62% | -17.85% | -24.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.11% | 33.56% | -6.45% |
Volatility
BTC-USD vs. IBIT - Volatility Comparison
The current volatility for Bitcoin (BTC-USD) is 9.38%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 10.61%. 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.
Loading charts...
Volatility by Period
| BTC-USD | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.38% | 10.61% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 34.69% | 34.67% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.80% | 44.37% | -8.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.84% | 49.82% | -5.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.33% | 49.82% | +6.51% |
Frequently Asked Questions
BTC-USD and IBIT have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (10.61%) compared to BTC-USD (9.38%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs IBIT's -53.30%.
IBIT currently has the higher Sharpe Ratio (-0.98 vs -1.01), 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 BTC-USD 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