DVY vs. IBIT

Last updated Aug 5, 2026

DVY (iShares Select Dividend ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - DVY is a Large Cap Value Equities fund tracking the Dow Jones U.S. Select Dividend Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, DVY returned 24.87% vs -44.19% for IBIT. Their 0.24 correlation means their historical movements had little consistent relationship. DVY charges 0.39%/yr vs 0.25%/yr for IBIT.

Performance

DVY vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Select Dividend ETF (DVY) 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, DVY achieves a 17.44% return, which is significantly higher than IBIT's -26.71% return.

DVY

• 1D: 0.86%
• 1M: 2.59%
• 6M: 8.58%
• YTD: 17.44%
• 1Y: 24.87%
• 3Y*: 16.53%
• 5Y*: 10.91%
• 10Y*: 10.40%
• ALL TIME*: 9.08%

IBIT

• 1D: 0.64%
• 1M: 4.36%
• 6M: -15.96%
• YTD: -26.71%
• 1Y: -44.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.86%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DVY iShares Select Dividend ETF	$62.40M	$73.92M	$70.97M
IBIT iShares Bitcoin Trust ETF	$1.29B	$1.33B	$1.64B

DVY vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DVY iShares Select Dividend ETF	17.44%	11.60%	15.84%
IBIT iShares Bitcoin Trust ETF	-26.71%	-6.41%	89.87%

Correlation

The correlation between DVY and IBIT is 0.17, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.17
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.24

Return for Risk

DVY vs. IBIT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DVY

DVY Risk / Return Rank: 85
DVY Sharpe Ratio Rank: 86
DVY Sortino Ratio Rank: 88
DVY Omega Ratio Rank: 82
DVY Calmar Ratio Rank: 86
DVY Martin Ratio Rank: 84

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) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DVY vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Select Dividend ETF (DVY) 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.

	DVY	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	2.23	-1.00	+3.23
Sortino ratio: Return per unit of downside risk	3.27	-1.47	+4.74
Omega ratio: Gain probability vs. loss probability	1.38	0.84	+0.54
Calmar ratio: Return relative to maximum drawdown	3.63	-0.83	+4.46
Martin ratio: Return relative to average drawdown	12.94	-1.27	+14.21

DVY vs. IBIT - Sharpe Ratio Comparison

The current DVY Sharpe Ratio is 2.23, which is higher than the IBIT Sharpe Ratio of -1.00. The chart below compares the historical Sharpe Ratios of DVY 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

DVY vs. IBIT - Drawdown Comparison

The maximum DVY drawdown since its inception was -62.59%, which is greater than IBIT's maximum drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for DVY and IBIT.

Drawdown Indicators

	DVY	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-62.59%	-53.30%	-9.29%
Max Drawdown (1Y) Largest decline over 1 year	-6.89%	-53.30%	+46.41%
Max Drawdown (3Y) Largest decline over 3 years	-16.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.54%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.59%	—	—
Current Drawdown Current decline from peak	-1.34%	-48.95%	+47.61%
Average Drawdown Average peak-to-trough decline	-8.73%	-18.34%	+9.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	34.94%	-33.01%

Volatility

DVY vs. IBIT - Volatility Comparison

The current volatility for iShares Select Dividend ETF (DVY) is 3.89%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.29%. This indicates that DVY 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.

Volatility by Period

	DVY	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.89%	8.29%	-4.40%
Volatility (6M) Calculated over the trailing 6-month period	7.98%	33.07%	-25.09%
Volatility (1Y) Calculated over the trailing 1-year period	11.25%	44.40%	-33.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.11%	49.53%	-34.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.03%	49.53%	-31.50%

DVY vs. IBIT - Expense Ratio Comparison

DVY has a 0.39% expense ratio, which is higher than IBIT's 0.25% expense ratio.

Dividends

DVY vs. IBIT - Dividend Comparison

DVY's dividend yield for the trailing twelve months is around 3.22%, while IBIT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVY iShares Select Dividend ETF	3.22%	3.65%	3.65%	3.82%	3.43%	3.12%	3.66%	3.41%	3.58%	3.00%	3.04%	3.45%
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

Can I hold both DVY and IBIT in my portfolio?

DVY and IBIT have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVY or IBIT?

IBIT has higher volatility (8.29%) compared to DVY (3.89%). In terms of maximum drawdown, DVY dropped -62.59% vs IBIT's -53.30%.

Which ETF is better, DVY or IBIT?

On 1-year performance, DVY leads with 24.87% vs -44.19% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, DVY has been the lower-risk option at 3.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVY or IBIT?

Over the 1-year period, DVY has performed better with a 24.87% return vs -44.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVY or IBIT?

IBIT is cheaper with a 0.25% expense ratio, compared with 0.39% for DVY.

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

DVY has the higher dividend yield at 3.22%, compared with 0.00% for IBIT.

What is the main difference between DVY and IBIT?

DVY is categorized as Large Cap Value Equities, while IBIT is Cryptocurrency. DVY tracks Dow Jones U.S. Select Dividend Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.39% for DVY and 0.25% for IBIT.

Which has better risk-adjusted returns?

DVY currently has the higher Sharpe Ratio (2.23 vs -1.00), 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.