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:
2.39
IBIT:
2.80
BTC-USD:
3.05
IBIT:
3.21
BTC-USD:
1.30
IBIT:
1.38
BTC-USD:
2.39
IBIT:
5.78
BTC-USD:
10.91
IBIT:
13.28
BTC-USD:
11.02%
IBIT:
11.96%
BTC-USD:
44.03%
IBIT:
56.79%
BTC-USD:
-93.07%
IBIT:
-27.51%
BTC-USD:
0.00%
IBIT:
-0.51%
Returns By Period
The year-to-date returns for both investments are quite close, with BTC-USD having a 13.61% return and IBIT slightly higher at 13.89%.
BTC-USD
13.61%
11.61%
61.00%
168.67%
66.06%
83.30%
IBIT
13.89%
10.24%
61.81%
163.27%
N/A
N/A
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Risk-Adjusted Performance
BTC-USD vs. IBIT — Risk-Adjusted Performance Rank
BTC-USD
IBIT
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
Bitcoin (BTC-USD) and iShares Bitcoin Trust (IBIT) have volatilities of 13.34% and 13.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.