BTC vs. RBIL

Last updated Jun 25, 2026

BTC (Grayscale Bitcoin Mini Trust ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - BTC is a Cryptocurrency fund actively managed by Grayscale, while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. BTC is actively managed, while RBIL is passively managed. Over the past year, BTC returned -43.50% vs 4.11% for RBIL. At a correlation of -0.07, they often move in opposite directions. BTC charges 0.15%/yr vs 0.17%/yr for RBIL.

Performance

BTC vs. RBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Bitcoin Mini Trust ETF (BTC) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTC achieves a -31.66% return, which is significantly lower than RBIL's 2.26% return.

BTC

• 1D: -3.96%
• 1M: -21.06%
• YTD: -31.66%
• 6M: -31.44%
• 1Y: -43.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RBIL

• 1D: -0.06%
• 1M: -0.25%
• YTD: 2.26%
• 6M: 2.29%
• 1Y: 4.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BTC vs. RBIL - Yearly Performance Comparison

	2026 (YTD)	2025
BTC Grayscale Bitcoin Mini Trust ETF	-31.66%	-6.99%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	2.26%	2.85%

Correlation

The correlation between BTC and RBIL is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025	-0.07

Return for Risk

BTC vs. RBIL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTC

BTC Risk / Return Rank: 2
BTC Sharpe Ratio Rank: 2
BTC Sortino Ratio Rank: 2
BTC Omega Ratio Rank: 2
BTC Calmar Ratio Rank: 2
BTC Martin Ratio Rank: 2

RBIL

RBIL Risk / Return Rank: 97
RBIL Sharpe Ratio Rank: 97
RBIL Sortino Ratio Rank: 98
RBIL Omega Ratio Rank: 98
RBIL Calmar Ratio Rank: 96
RBIL Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTC vs. RBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Mini Trust ETF (BTC) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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	RBIL	Difference
Sharpe ratio: Return per unit of total volatility	-0.98	4.40	-5.38
Sortino ratio: Return per unit of downside risk	-1.44	6.79	-8.23
Omega ratio: Gain probability vs. loss probability	0.84	2.15	-1.31
Calmar ratio: Return relative to maximum drawdown	-0.83	7.33	-8.16
Martin ratio: Return relative to average drawdown	-1.42	40.56	-41.98

BTC vs. RBIL - Sharpe Ratio Comparison

The current BTC Sharpe Ratio is -0.98, which is lower than the RBIL Sharpe Ratio of 4.40. The chart below compares the historical Sharpe Ratios of BTC and RBIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BTC vs. RBIL - Drawdown Comparison

The maximum BTC drawdown since its inception was -52.37%, which is greater than RBIL's maximum drawdown of -0.56%. Use the drawdown chart below to compare losses from any high point for BTC and RBIL.

Drawdown Indicators

	BTC	RBIL	Difference
Max Drawdown Largest peak-to-trough decline	-52.37%	-0.56%	-51.81%
Max Drawdown (1Y) Largest decline over 1 year	-52.37%	-0.56%	-51.81%
Current Drawdown Current decline from peak	-52.37%	-0.56%	-51.81%
Average Drawdown Average peak-to-trough decline	-17.73%	-0.07%	-17.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.70%	0.10%	+30.60%

Volatility

BTC vs. RBIL - Volatility Comparison

Grayscale Bitcoin Mini Trust ETF (BTC) has a higher volatility of 13.21% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.36%. This indicates that BTC's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTC	RBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.21%	0.36%	+12.85%
Volatility (6M) Calculated over the trailing 6-month period	34.53%	0.85%	+33.68%
Volatility (1Y) Calculated over the trailing 1-year period	44.39%	0.94%	+43.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.29%	1.07%	+47.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.29%	1.07%	+47.22%

BTC vs. RBIL - Expense Ratio Comparison

BTC has a 0.15% expense ratio, which is lower than RBIL's 0.17% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BTC vs. RBIL - Dividend Comparison

BTC has not paid dividends to shareholders, while RBIL's dividend yield for the trailing twelve months is around 4.39%.

Position	TTM	2025
BTC Grayscale Bitcoin Mini Trust ETF	0.00%	0.00%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	4.39%	3.65%

Frequently Asked Questions

Can I hold both BTC and RBIL in my portfolio?

BTC and RBIL have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BTC or RBIL?

BTC has higher volatility (13.21%) compared to RBIL (0.36%). In terms of maximum drawdown, BTC dropped -52.37% vs RBIL's -0.56%.

Which ETF is better, BTC or RBIL?

On 1-year performance, RBIL leads with 4.11% vs -43.50% for BTC. On fees, BTC is cheaper at 0.15% per year. On volatility, RBIL has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BTC or RBIL?

Over the 1-year period, RBIL has performed better with a 4.11% return vs -43.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BTC or RBIL?

BTC is cheaper with a 0.15% expense ratio, compared with 0.17% for RBIL.

Which ETF pays a higher dividend yield, BTC or RBIL?

RBIL has the higher dividend yield at 4.39%, compared with 0.00% for BTC.

What is the main difference between BTC and RBIL?

BTC is categorized as Cryptocurrency, while RBIL is Inflation-Protected Bonds. They also come from different issuers: Grayscale and F/m. Their fees differ too: 0.15% for BTC and 0.17% for RBIL.

Which has better risk-adjusted returns?

RBIL currently has the higher Sharpe Ratio (4.40 vs -0.98), 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.