CORZZ vs. IBIT

Last updated Jul 14, 2026

CORZZ (Core Scientific Inc. Tranche 2 Warrants) 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, CORZZ returned 81.37% vs -47.60% for IBIT. At a 0.42 correlation, their price movements are largely independent.

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 ETF (IBIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CORZZ achieves a 55.30% return, which is significantly higher than IBIT's -29.06% return.

CORZZ

• 1D: -5.70%
• 1M: -17.80%
• 6M: 29.62%
• YTD: 55.30%
• 1Y: 81.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBIT

• 1D: -2.79%
• 1M: -2.28%
• 6M: -32.10%
• YTD: -29.06%
• 1Y: -47.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CORZZ vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CORZZ Core Scientific Inc. Tranche 2 Warrants	55.30%	3.71%	601.00%
IBIT iShares Bitcoin Trust ETF	-29.06%	-6.41%	137.68%

Correlation

The correlation between CORZZ and IBIT is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jan 24, 2024	0.42

Return for Risk

CORZZ vs. IBIT — Risk / Return Rank

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

CORZZ

CORZZ Risk / Return Rank: 78
CORZZ Sharpe Ratio Rank: 82
CORZZ Sortino Ratio Rank: 78
CORZZ Omega Ratio Rank: 75
CORZZ Calmar Ratio Rank: 79
CORZZ Martin Ratio Rank: 77

IBIT

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

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.

CORZZ vs. IBIT - Risk-Adjusted Trends Comparison

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

	CORZZ	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	1.28	-1.08	+2.35
Sortino ratio: Return per unit of downside risk	1.87	-1.65	+3.53
Omega ratio: Gain probability vs. loss probability	1.23	0.82	+0.41
Calmar ratio: Return relative to maximum drawdown	2.03	-0.90	+2.92
Martin ratio: Return relative to average drawdown	4.25	-1.46	+5.71

CORZZ vs. IBIT - Sharpe Ratio Comparison

The current CORZZ Sharpe Ratio is 1.28, which is higher than the IBIT Sharpe Ratio of -1.08. The chart below compares the historical Sharpe Ratios of CORZZ and IBIT, 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

CORZZ vs. IBIT - Drawdown Comparison

The maximum CORZZ drawdown since its inception was -65.20%, which is greater than IBIT's maximum drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for CORZZ and IBIT.

Drawdown Indicators

	CORZZ	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-65.20%	-53.30%	-11.90%
Max Drawdown (1Y) Largest decline over 1 year	-40.39%	-53.30%	+12.91%
Current Drawdown Current decline from peak	-22.41%	-50.60%	+28.19%
Average Drawdown Average peak-to-trough decline	-21.16%	-17.56%	-3.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.20%	32.72%	-13.52%

Volatility

CORZZ vs. IBIT - Volatility Comparison

Core Scientific Inc. Tranche 2 Warrants (CORZZ) has a higher volatility of 19.27% compared to iShares Bitcoin Trust ETF (IBIT) at 11.51%. 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.

Volatility by Period

	CORZZ	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.27%	11.51%	+7.76%
Volatility (6M) Calculated over the trailing 6-month period	48.20%	34.79%	+13.41%
Volatility (1Y) Calculated over the trailing 1-year period	64.27%	44.38%	+19.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	97.06%	49.97%	+47.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.06%	49.97%	+47.09%

Dividends

CORZZ vs. IBIT - Dividend Comparison

Neither CORZZ nor IBIT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CORZZ and IBIT in my portfolio?

CORZZ and IBIT have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CORZZ or IBIT?

CORZZ has higher volatility (19.27%) compared to IBIT (11.51%). In terms of maximum drawdown, CORZZ dropped -65.20% vs IBIT's -53.30%.

Which has better risk-adjusted returns?

CORZZ currently has the higher Sharpe Ratio (1.28 vs -1.08), 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.