BTC-USD vs. IGM
BTC-USD (Bitcoin) is a cryptocurrency, while IGM (iShares Expanded Tech Sector ETF) is Technology Equities fund tracking the S&P North American Expanded Technology Sector Index. Over the past 10 years, BTC-USD returned 56.48%/yr vs 25.12%/yr for IGM. At a 0.14 correlation, their price movements are largely independent.
Performance
BTC-USD vs. IGM - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -24.33% return, which is significantly lower than IGM's 27.92% return. Over the past 10 years, BTC-USD has outperformed IGM with an annualized return of 56.48%, while IGM has yielded a comparatively lower 25.12% annualized return.
BTC-USD
- 1D
- 0.77%
- 1M
- -15.23%
- YTD
- -24.33%
- 6M
- -23.38%
- 1Y
- -37.30%
- 3Y*
- 35.99%
- 5Y*
- 11.54%
- 10Y*
- 56.48%
IGM
- 1D
- 3.64%
- 1M
- 7.10%
- YTD
- 27.92%
- 6M
- 29.29%
- 1Y
- 56.16%
- 3Y*
- 36.48%
- 5Y*
- 20.96%
- 10Y*
- 25.12%
BTC-USD vs. IGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -24.33% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
IGM iShares Expanded Tech Sector ETF | 27.92% | 26.76% | 36.99% | 60.68% | -35.83% | 25.72% | 45.11% | 41.81% | 2.26% | 37.20% |
Correlation
The correlation between BTC-USD and IGM is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2012 | 0.14 |
Over the past year, BTC-USD and IGM have become more correlated (0.37) than their long-term average of 0.14, meaning their price movements have been converging.
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Return for Risk
BTC-USD vs. IGM — Risk / Return Rank
BTC-USD
IGM
BTC-USD vs. IGM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and iShares Expanded Tech Sector ETF (IGM). 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 | IGM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.41 | ||
| Sortino ratioReturn per unit of downside risk | -4.30 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.42 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 3.43 | -4.16 |
| Martin ratioReturn relative to average drawdown | -1.26 | 11.62 | -12.88 |
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Drawdowns
BTC-USD vs. IGM - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than IGM's maximum drawdown of -65.59%. Use the drawdown chart below to compare losses from any high point for BTC-USD and IGM.
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Drawdown Indicators
| BTC-USD | IGM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -65.59% | -19.71% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -16.44% | -34.77% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -26.39% | -24.82% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -40.68% | -35.99% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -40.68% | -43.12% |
Current DrawdownCurrent decline from peak | -46.91% | -3.41% | -43.50% |
Average DrawdownAverage peak-to-trough decline | -42.38% | -15.22% | -27.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.75% | 4.85% | +29.90% |
Volatility
BTC-USD vs. IGM - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 12.14% compared to iShares Expanded Tech Sector ETF (IGM) at 10.54%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than IGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTC-USD | IGM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.14% | 10.54% | +1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 34.59% | 18.42% | +16.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.62% | 22.24% | +13.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.55% | 25.97% | +18.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.55% | 24.70% | +31.85% |
Frequently Asked Questions
BTC-USD and IGM have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (12.14%) compared to IGM (10.54%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs IGM's -65.59%.
IGM currently has the higher Sharpe Ratio (2.54 vs -0.87), 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.
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