BTOT vs. IBIT

Last updated Jul 15, 2026

BTOT (iShares Total USD Fixed Income Market ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - BTOT is a Total Bond Market fund tracking the Bloomberg US Total Fixed Income Market Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. At a 0.18 correlation, their price movements are largely independent. BTOT charges 0.09%/yr vs 0.25%/yr for IBIT.

Performance

BTOT vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Total USD Fixed Income Market ETF (BTOT) and iShares Bitcoin Trust ETF (IBIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTOT achieves a 0.34% return, which is significantly higher than IBIT's -26.32% return.

BTOT

• 1D: 0.23%
• 1M: -0.35%
• 6M: 0.12%
• YTD: 0.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBIT

• 1D: 3.86%
• 1M: 1.50%
• 6M: -31.72%
• YTD: -26.32%
• 1Y: -46.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTOT vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025
BTOT iShares Total USD Fixed Income Market ETF	0.34%	0.12%
IBIT iShares Bitcoin Trust ETF	-26.32%	-5.41%

Correlation

The correlation between BTOT and IBIT is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.18

Return for Risk

BTOT vs. IBIT — Risk / Return Rank

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

BTOT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IBIT

IBIT Risk / Return Rank: 2
IBIT Sharpe Ratio Rank: 1
IBIT Sortino Ratio Rank: 2
IBIT Omega Ratio Rank: 2
IBIT Calmar Ratio Rank: 2
IBIT Martin Ratio Rank: 2

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.

BTOT vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Total USD Fixed Income Market ETF (BTOT) and iShares Bitcoin Trust ETF (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.

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.

	BTOT	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	—	-1.05	—
Sortino ratio: Return per unit of downside risk	—	-1.58	—
Omega ratio: Gain probability vs. loss probability	—	0.83	—
Calmar ratio: Return relative to maximum drawdown	—	-0.87	—
Martin ratio: Return relative to average drawdown	—	-1.41	—

Drawdowns

BTOT vs. IBIT - Drawdown Comparison

The maximum BTOT drawdown since its inception was -2.36%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for BTOT and IBIT.

Drawdown Indicators

	BTOT	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-2.36%	-53.30%	+50.94%
Max Drawdown (1Y) Largest decline over 1 year	—	-53.30%	—
Current Drawdown Current decline from peak	-1.23%	-48.69%	+47.46%
Average Drawdown Average peak-to-trough decline	-0.80%	-17.61%	+16.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	32.86%	—

Volatility

Volatility by Period

	BTOT	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	35.03%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.67%	44.48%	-40.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.67%	49.99%	-46.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.67%	49.99%	-46.32%

BTOT vs. IBIT - Expense Ratio Comparison

BTOT has a 0.09% expense ratio, which is lower than IBIT's 0.25% 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

BTOT vs. IBIT - Dividend Comparison

BTOT's dividend yield for the trailing twelve months is around 2.50%, while IBIT has not paid dividends to shareholders.

Position	TTM	2025
BTOT iShares Total USD Fixed Income Market ETF	2.50%	0.22%
IBIT iShares Bitcoin Trust ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both BTOT and IBIT in my portfolio?

BTOT and IBIT have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BTOT or IBIT?

On fees, BTOT is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BTOT or IBIT?

BTOT is cheaper with a 0.09% expense ratio, compared with 0.25% for IBIT.

Which ETF pays a higher dividend yield, BTOT or IBIT?

BTOT has the higher dividend yield at 2.50%, compared with 0.00% for IBIT.

What is the main difference between BTOT and IBIT?

BTOT is categorized as Total Bond Market, while IBIT is Cryptocurrency. BTOT tracks Bloomberg US Total Fixed Income Market Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.09% for BTOT and 0.25% for IBIT.