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 0.75, 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:
1.48
IBIT:
1.45
BTC-USD:
2.19
IBIT:
2.15
BTC-USD:
1.22
IBIT:
1.25
BTC-USD:
1.23
IBIT:
2.97
BTC-USD:
8.41
IBIT:
6.72
BTC-USD:
8.60%
IBIT:
12.17%
BTC-USD:
43.82%
IBIT:
56.40%
BTC-USD:
-93.07%
IBIT:
-27.51%
BTC-USD:
-9.44%
IBIT:
-11.21%
Returns By Period
In the year-to-date period, BTC-USD achieves a 2.89% return, which is significantly higher than IBIT's 1.64% return.
BTC-USD
2.89%
-7.26%
49.98%
87.36%
57.48%
82.18%
IBIT
1.64%
-9.20%
48.62%
81.43%
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
The current volatility for Bitcoin (BTC-USD) is 9.00%, while iShares Bitcoin Trust (IBIT) has a volatility of 9.86%. 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.