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.
Key characteristics
| BTC-USD | IBIT | |
|---|---|---|
| Daily Std Dev | 39.07% | 60.19% |
| Max Drawdown | -93.07% | -22.79% |
| Current Drawdown | -13.95% | -15.61% |
Correlation
The correlation between BTC-USD and IBIT is 0.77, 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
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Not enough dataDrawdowns
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 -22.79%. 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 16.06%, while iShares Bitcoin Trust (IBIT) has a volatility of 17.38%. 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.