ELVA vs. IBIT
ELVA (Electrovaya Inc. Common Shares) 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, ELVA returned 197.31% vs -39.82% for IBIT. At a 0.19 correlation, their price movements are largely independent.
Performance
ELVA vs. IBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ELVA achieves a 26.08% return, which is significantly higher than IBIT's -28.88% return.
ELVA
- 1D
- -3.68%
- 1M
- -8.46%
- YTD
- 26.08%
- 6M
- 28.85%
- 1Y
- 197.31%
- 3Y*
- 38.73%
- 5Y*
- 12.21%
- 10Y*
- -1.29%
IBIT
- 1D
- -3.26%
- 1M
- -17.81%
- YTD
- -28.88%
- 6M
- -28.88%
- 1Y
- -39.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ELVA vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ELVA Electrovaya Inc. Common Shares | 26.08% | 218.55% | -37.53% |
IBIT iShares Bitcoin Trust ETF | -28.88% | -6.41% | 89.87% |
Correlation
The correlation between ELVA and IBIT is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.19 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ELVA vs. IBIT — Risk / Return Rank
ELVA
IBIT
ELVA vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Electrovaya Inc. Common Shares (ELVA) 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.
| ELVA | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.25 | ||
| Sortino ratioReturn per unit of downside risk | +4.10 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.86 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 4.47 | -0.77 | +5.24 |
| Martin ratioReturn relative to average drawdown | 10.50 | -1.30 | +11.80 |
Loading charts...
Drawdowns
ELVA vs. IBIT - Drawdown Comparison
The maximum ELVA drawdown since its inception was -96.90%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for ELVA and IBIT.
Loading charts...
Drawdown Indicators
| ELVA | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.90% | -52.11% | -44.79% |
Max Drawdown (1Y)Largest decline over 1 year | -44.42% | -52.11% | +7.69% |
Max Drawdown (3Y)Largest decline over 3 years | -64.19% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -66.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -96.90% | — | — |
Current DrawdownCurrent decline from peak | -38.16% | -50.47% | +12.31% |
Average DrawdownAverage peak-to-trough decline | -73.54% | -16.85% | -56.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.88% | 30.58% | -11.70% |
Volatility
ELVA vs. IBIT - Volatility Comparison
Electrovaya Inc. Common Shares (ELVA) has a higher volatility of 22.74% compared to iShares Bitcoin Trust ETF (IBIT) at 13.18%. This indicates that ELVA'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.
Loading charts...
Volatility by Period
| ELVA | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.74% | 13.18% | +9.56% |
Volatility (6M)Calculated over the trailing 6-month period | 58.89% | 34.64% | +24.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 84.60% | 44.31% | +40.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.33% | 50.22% | +19.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 84.82% | 50.22% | +34.60% |
Dividends
ELVA vs. IBIT - Dividend Comparison
Neither ELVA nor IBIT has paid dividends to shareholders.
Frequently Asked Questions
ELVA and IBIT have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ELVA has higher volatility (22.74%) compared to IBIT (13.18%). In terms of maximum drawdown, ELVA dropped -96.90% vs IBIT's -52.11%.
ELVA currently has the higher Sharpe Ratio (2.35 vs -0.90), 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.
Find the right allocation for ELVA and IBIT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer