BTYB vs. IBIT

Last updated Jun 4, 2026

BTYB (VistaShares BitBonds 5 Yr Enhanced Weekly Distribution ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - BTYB is a Derivative Income fund actively managed by VistaShares, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. BTYB is actively managed, while IBIT is passively managed. Their correlation of 0.89 suggests significant overlap in exposure. BTYB charges 0.52%/yr vs 0.25%/yr for IBIT.

Performance

BTYB vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VistaShares BitBonds 5 Yr Enhanced Weekly Distribution ETF (BTYB) and iShares Bitcoin Trust ETF (IBIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BTYB

• 1D: -0.59%
• 1M: -3.38%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBIT

• 1D: -2.76%
• 1M: -18.50%
• YTD: -25.48%
• 6M: -29.84%
• 1Y: -38.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTYB vs. IBIT - Yearly Performance Comparison

	2026 (YTD)
BTYB VistaShares BitBonds 5 Yr Enhanced Weekly Distribution ETF	-2.35%
IBIT iShares Bitcoin Trust ETF	-14.55%

Correlation

The correlation between BTYB and IBIT is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 4, 2026	0.89

Return for Risk

BTYB vs. IBIT — Risk / Return Rank

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

IBIT

IBIT Risk / Return Rank: 2
IBIT Sharpe Ratio Rank: 2
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.

BTYB vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VistaShares BitBonds 5 Yr Enhanced Weekly Distribution ETF (BTYB) 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.

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

Sharpe Ratios by Period

	BTYB	IBIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.81	0.30	-1.10

Drawdowns

BTYB vs. IBIT - Drawdown Comparison

The maximum BTYB drawdown since its inception was -3.99%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for BTYB and IBIT.

Drawdown Indicators

	BTYB	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-3.99%	-49.36%	+45.37%
Max Drawdown (1Y) Largest decline over 1 year	—	-49.36%	—
Current Drawdown Current decline from peak	-3.99%	-48.10%	+44.11%
Average Drawdown Average peak-to-trough decline	-0.98%	-16.02%	+15.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.44%	—

Volatility

Volatility by Period

	BTYB	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	8.71%	43.73%	-35.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.71%	50.19%	-41.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.71%	50.19%	-41.48%

BTYB vs. IBIT - Expense Ratio Comparison

BTYB has a 0.52% expense ratio, which is higher than IBIT's 0.25% expense ratio.

Dividends

BTYB vs. IBIT - Dividend Comparison

BTYB's dividend yield for the trailing twelve months is around 2.70%, while IBIT has not paid dividends to shareholders.

Position	TTM
BTYB VistaShares BitBonds 5 Yr Enhanced Weekly Distribution ETF	2.70%
IBIT iShares Bitcoin Trust ETF	0.00%

Frequently Asked Questions

Can I hold both BTYB and IBIT in my portfolio?

BTYB and IBIT have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BTYB or IBIT?

On fees, IBIT is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BTYB or IBIT?

IBIT is cheaper with a 0.25% expense ratio, compared with 0.52% for BTYB.

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

BTYB has the higher dividend yield at 2.70%, compared with 0.00% for IBIT.

What is the main difference between BTYB and IBIT?

BTYB is categorized as Derivative Income, while IBIT is Cryptocurrency. They also come from different issuers: VistaShares and iShares. Their fees differ too: 0.52% for BTYB and 0.25% for IBIT.