CAH vs. IBIT
CAH (Cardinal Health, Inc.) is a stock, while IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, CAH returned 40.25% vs -39.67% for IBIT. At a 0.03 correlation, their price movements are largely independent.
Performance
CAH vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, CAH achieves a 9.47% return, which is significantly higher than IBIT's -27.41% return.
CAH
- 1D
- 1.22%
- 1M
- 14.68%
- YTD
- 9.47%
- 6M
- 13.51%
- 1Y
- 40.25%
- 3Y*
- 38.77%
- 5Y*
- 33.47%
- 10Y*
- 14.31%
IBIT
- 1D
- -0.03%
- 1M
- -19.59%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CAH vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CAH Cardinal Health, Inc. | 9.47% | 76.25% | 15.14% |
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
Correlation
The correlation between CAH and IBIT is 0.02, 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 | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.03 |
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Return for Risk
CAH vs. IBIT — Risk / Return Rank
CAH
IBIT
CAH vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cardinal Health, Inc. (CAH) 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.
| CAH | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.30 | ||
| Sortino ratioReturn per unit of downside risk | +3.54 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.85 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | -0.78 | +2.80 |
| Martin ratioReturn relative to average drawdown | 5.31 | -1.37 | +6.68 |
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Drawdowns
CAH vs. IBIT - Drawdown Comparison
The maximum CAH drawdown since its inception was -61.93%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for CAH and IBIT.
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Drawdown Indicators
| CAH | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.93% | -52.11% | -9.82% |
Max Drawdown (1Y)Largest decline over 1 year | -20.42% | -52.11% | +31.69% |
Max Drawdown (3Y)Largest decline over 3 years | -20.42% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.80% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.13% | — | — |
Current DrawdownCurrent decline from peak | -2.39% | -49.45% | +47.06% |
Average DrawdownAverage peak-to-trough decline | -15.94% | -16.53% | +0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.75% | 29.64% | -21.89% |
Volatility
CAH vs. IBIT - Volatility Comparison
The current volatility for Cardinal Health, Inc. (CAH) is 7.19%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 12.07%. This indicates that CAH experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAH | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.19% | 12.07% | -4.88% |
Volatility (6M)Calculated over the trailing 6-month period | 20.32% | 34.45% | -14.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.30% | 44.10% | -13.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.24% | 50.26% | -25.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.26% | 50.26% | -21.00% |
Dividends
CAH vs. IBIT - Dividend Comparison
CAH's dividend yield for the trailing twelve months is around 0.91%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAH Cardinal Health, Inc. | 0.91% | 0.99% | 1.28% | 1.98% | 2.57% | 3.80% | 3.62% | 3.80% | 4.24% | 3.00% | 2.41% | 1.68% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CAH and IBIT have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (12.07%) compared to CAH (7.19%). In terms of maximum drawdown, CAH dropped -61.93% vs IBIT's -52.11%.
CAH currently has the higher Sharpe Ratio (1.38 vs -0.92), 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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