BTC-USD vs. IYW
BTC-USD (Bitcoin) is a cryptocurrency, while IYW (iShares U.S. Technology ETF) is Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Over the past 10 years, BTC-USD returned 57.32%/yr vs 25.63%/yr for IYW. At a 0.13 correlation, their price movements are largely independent.
Performance
BTC-USD vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -27.32% return, which is significantly lower than IYW's 22.66% return. Over the past 10 years, BTC-USD has outperformed IYW with an annualized return of 57.32%, while IYW has yielded a comparatively lower 25.63% annualized return.
BTC-USD
- 1D
- 0.05%
- 1M
- -19.79%
- YTD
- -27.32%
- 6M
- -29.56%
- 1Y
- -39.85%
- 3Y*
- 34.86%
- 5Y*
- 10.27%
- 10Y*
- 57.32%
IYW
- 1D
- 0.61%
- 1M
- 1.73%
- YTD
- 22.66%
- 6M
- 23.40%
- 1Y
- 47.94%
- 3Y*
- 32.06%
- 5Y*
- 21.19%
- 10Y*
- 25.63%
BTC-USD vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -27.32% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
IYW iShares U.S. Technology ETF | 22.66% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
Correlation
The correlation between BTC-USD and IYW is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2012 | 0.13 |
Over the past year, BTC-USD and IYW have become more correlated (0.34) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
BTC-USD vs. IYW — Risk / Return Rank
BTC-USD
IYW
BTC-USD vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and iShares U.S. Technology ETF (IYW). 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 | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.18 | ||
| Sortino ratioReturn per unit of downside risk | -4.12 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.38 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 2.70 | -3.48 |
| Martin ratioReturn relative to average drawdown | -1.36 | 8.68 | -10.04 |
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Drawdowns
BTC-USD vs. IYW - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, roughly equal to the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for BTC-USD and IYW.
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Drawdown Indicators
| BTC-USD | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -81.90% | -3.40% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -17.81% | -33.40% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -26.47% | -24.74% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -39.44% | -37.23% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -39.44% | -44.36% |
Current DrawdownCurrent decline from peak | -49.01% | -5.81% | -43.20% |
Average DrawdownAverage peak-to-trough decline | -42.35% | -34.62% | -7.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.02% | 5.54% | +29.48% |
Volatility
BTC-USD vs. IYW - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 12.11% compared to iShares U.S. Technology ETF (IYW) at 9.41%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than IYW 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 | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.11% | 9.41% | +2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 34.59% | 17.67% | +16.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.62% | 21.47% | +14.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.71% | 26.07% | +18.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.62% | 25.20% | +31.42% |
Frequently Asked Questions
BTC-USD and IYW have a correlation of 0.34, 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 (12.11%) compared to IYW (9.41%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs IYW's -81.90%.
IYW currently has the higher Sharpe Ratio (2.24 vs -0.93), 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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