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CORZZ vs. IBIT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

CORZZ vs. IBIT

Last updated May 11, 2025

Compare and contrast key facts about Core Scientific Inc. Tranche 2 Warrants (CORZZ) and iShares Bitcoin Trust (IBIT).

IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CORZZ or IBIT.

Correlation

The correlation between CORZZ and IBIT is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

CORZZ vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Core Scientific Inc. Tranche 2 Warrants (CORZZ) and iShares Bitcoin Trust (IBIT). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

CORZZ:

2.56

IBIT:

1.21

Sortino Ratio

CORZZ:

3.23

IBIT:

1.83

Omega Ratio

CORZZ:

1.43

IBIT:

1.22

Calmar Ratio

CORZZ:

5.62

IBIT:

2.24

Martin Ratio

CORZZ:

12.61

IBIT:

4.90

Ulcer Index

CORZZ:

29.05%

IBIT:

12.90%

Daily Std Dev

CORZZ:

107.38%

IBIT:

53.96%

Max Drawdown

CORZZ:

-65.20%

IBIT:

-28.22%

Current Drawdown

CORZZ:

-48.98%

IBIT:

-3.41%

Returns By Period

In the year-to-date period, CORZZ achieves a -33.81% return, which is significantly lower than IBIT's 10.57% return.

CORZZ

YTD

-33.81%

1M

40.39%

6M

-45.19%

1Y

294.89%

5Y*

N/A

10Y*

N/A

IBIT

YTD

10.57%

1M

29.86%

6M

34.26%

1Y

69.64%

5Y*

N/A

10Y*

N/A

*Annualized

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Risk-Adjusted Performance

CORZZ vs. IBIT — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CORZZ
The Risk-Adjusted Performance Rank of CORZZ is 9797
Overall Rank
The Sharpe Ratio Rank of CORZZ is 9898
Sharpe Ratio Rank
The Sortino Ratio Rank of CORZZ is 9696
Sortino Ratio Rank
The Omega Ratio Rank of CORZZ is 9494
Omega Ratio Rank
The Calmar Ratio Rank of CORZZ is 9999
Calmar Ratio Rank
The Martin Ratio Rank of CORZZ is 9797
Martin Ratio Rank
IBIT
The Risk-Adjusted Performance Rank of IBIT is 8888
Overall Rank
The Sharpe Ratio Rank of IBIT is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of IBIT is 8888
Sortino Ratio Rank
The Omega Ratio Rank of IBIT is 8484
Omega Ratio Rank
The Calmar Ratio Rank of IBIT is 9494
Calmar Ratio Rank
The Martin Ratio Rank of IBIT is 8585
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

CORZZ vs. IBIT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Core Scientific Inc. Tranche 2 Warrants (CORZZ) and iShares Bitcoin Trust (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.

The current CORZZ Sharpe Ratio is 2.56, which is higher than the IBIT Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of CORZZ and IBIT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

CORZZ vs. IBIT - Dividend Comparison

Neither CORZZ nor IBIT has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

CORZZ vs. IBIT - Drawdown Comparison

The maximum CORZZ drawdown since its inception was -65.20%, which is greater than IBIT's maximum drawdown of -28.22%. Use the drawdown chart below to compare losses from any high point for CORZZ and IBIT. For additional features, visit the drawdowns tool.

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Volatility

CORZZ vs. IBIT - Volatility Comparison

Core Scientific Inc. Tranche 2 Warrants (CORZZ) has a higher volatility of 23.26% compared to iShares Bitcoin Trust (IBIT) at 10.78%. This indicates that CORZZ's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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