CRQ.NEO vs. IBIT
Compare and contrast key facts about iShares Canadian Fundamental Index ETF (CRQ.NEO) and iShares Bitcoin Trust ETF (IBIT).
CRQ.NEO and IBIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CRQ.NEO is a passively managed fund by iShares that tracks the performance of the FTSE RAFI Canada Index. It was launched on Feb 22, 2006. 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. Both CRQ.NEO and IBIT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CRQ.NEO vs. IBIT - Performance Comparison
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CRQ.NEO vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CRQ.NEO iShares Canadian Fundamental Index ETF | 6.94% | 31.87% | 22.69% |
IBIT iShares Bitcoin Trust ETF | -21.19% | -10.70% | 113.89% |
Different Trading Currencies
CRQ.NEO is traded in CAD, while IBIT is traded in USD. To make them comparable, the IBIT values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CRQ.NEO achieves a 6.94% return, which is significantly higher than IBIT's -21.57% return.
CRQ.NEO
- 1D
- 0.18%
- 1M
- -3.04%
- YTD
- 6.94%
- 6M
- 15.10%
- 1Y
- 37.92%
- 3Y*
- 22.48%
- 5Y*
- 17.51%
- 10Y*
- 13.47%
IBIT
- 1D
- 0.00%
- 1M
- -0.30%
- YTD
- -21.57%
- 6M
- -42.55%
- 1Y
- -22.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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CRQ.NEO vs. IBIT - Expense Ratio Comparison
CRQ.NEO has a 0.72% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Return for Risk
CRQ.NEO vs. IBIT — Risk / Return Rank
CRQ.NEO
IBIT
CRQ.NEO vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Fundamental Index ETF (CRQ.NEO) 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.
| CRQ.NEO | IBIT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.18 | -0.51 | +3.68 |
Sortino ratioReturn per unit of downside risk | 4.04 | -0.48 | +4.52 |
Omega ratioGain probability vs. loss probability | 1.77 | 0.94 | +0.82 |
Calmar ratioReturn relative to maximum drawdown | 3.82 | -0.41 | +4.24 |
Martin ratioReturn relative to average drawdown | 18.73 | -0.87 | +19.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CRQ.NEO | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.18 | -0.51 | +3.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.42 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.40 | +0.26 |
Correlation
The correlation between CRQ.NEO and IBIT is 0.24, 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.
Dividends
CRQ.NEO vs. IBIT - Dividend Comparison
CRQ.NEO's dividend yield for the trailing twelve months is around 2.05%, while IBIT has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRQ.NEO iShares Canadian Fundamental Index ETF | 2.05% | 2.18% | 2.72% | 2.97% | 2.90% | 2.17% | 2.98% | 2.71% | 2.46% | 1.91% | 1.89% | 3.09% |
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% |
Drawdowns
CRQ.NEO vs. IBIT - Drawdown Comparison
The maximum CRQ.NEO drawdown since its inception was -41.75%, smaller than the maximum IBIT drawdown of -50.21%. Use the drawdown chart below to compare losses from any high point for CRQ.NEO and IBIT.
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Drawdown Indicators
| CRQ.NEO | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.75% | -49.36% | +7.61% |
Max Drawdown (1Y)Largest decline over 1 year | -10.35% | -49.36% | +39.01% |
Max Drawdown (5Y)Largest decline over 5 years | -15.82% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.75% | — | — |
Current DrawdownCurrent decline from peak | -3.04% | -45.80% | +42.76% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -14.18% | +8.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 23.27% | -21.16% |
Volatility
CRQ.NEO vs. IBIT - Volatility Comparison
The current volatility for iShares Canadian Fundamental Index ETF (CRQ.NEO) is 4.62%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 12.85%. This indicates that CRQ.NEO 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
| CRQ.NEO | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 12.85% | -8.23% |
Volatility (6M)Calculated over the trailing 6-month period | 8.30% | 36.37% | -28.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.05% | 44.85% | -32.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.41% | 50.57% | -38.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.33% | 50.57% | -34.24% |