ETEC vs. IBIT

Last updated Jul 12, 2026

ETEC (iShares Breakthrough Environmental Solutions ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - ETEC is a Technology Equities fund tracking the Morningstar Global Emerging Green Technologies Select Index - Benchmark TR Net, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, ETEC returned 37.37% vs -46.09% for IBIT. At a 0.35 correlation, their price movements are largely independent. ETEC charges 0.47%/yr vs 0.25%/yr for IBIT.

Performance

ETEC vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Breakthrough Environmental Solutions ETF (ETEC) 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, ETEC achieves a 14.82% return, which is significantly higher than IBIT's -27.03% return.

ETEC

• 1D: -0.26%
• 1M: -3.42%
• 6M: 10.61%
• YTD: 14.82%
• 1Y: 37.37%
• 3Y*: 4.97%
• 5Y*: —
• 10Y*: —

IBIT

• 1D: 1.17%
• 1M: 0.53%
• 6M: -29.18%
• YTD: -27.03%
• 1Y: -46.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETEC vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ETEC iShares Breakthrough Environmental Solutions ETF	14.82%	31.89%	-12.03%
IBIT iShares Bitcoin Trust ETF	-27.03%	-6.41%	89.87%

Correlation

The correlation between ETEC and IBIT is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.35

Return for Risk

ETEC vs. IBIT — Risk / Return Rank

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

ETEC

ETEC Risk / Return Rank: 60
ETEC Sharpe Ratio Rank: 57
ETEC Sortino Ratio Rank: 53
ETEC Omega Ratio Rank: 54
ETEC Calmar Ratio Rank: 73
ETEC Martin Ratio Rank: 63

IBIT

IBIT Risk / Return Rank: 2
IBIT Sharpe Ratio Rank: 1
IBIT Sortino Ratio Rank: 2
IBIT Omega Ratio Rank: 2
IBIT Calmar Ratio Rank: 2
IBIT Martin Ratio Rank: 2

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.

ETEC vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Breakthrough Environmental Solutions ETF (ETEC) 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.

	ETEC	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	1.54	-0.99	+2.53
Sortino ratio: Return per unit of downside risk	2.07	-1.45	+3.52
Omega ratio: Gain probability vs. loss probability	1.27	0.84	+0.43
Calmar ratio: Return relative to maximum drawdown	2.97	-0.82	+3.79
Martin ratio: Return relative to average drawdown	8.96	-1.35	+10.31

ETEC vs. IBIT - Sharpe Ratio Comparison

The current ETEC Sharpe Ratio is 1.54, which is higher than the IBIT Sharpe Ratio of -0.99. The chart below compares the historical Sharpe Ratios of ETEC 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

ETEC vs. IBIT - Drawdown Comparison

The maximum ETEC drawdown since its inception was -39.71%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for ETEC and IBIT.

Drawdown Indicators

	ETEC	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-39.71%	-53.30%	+13.59%
Max Drawdown (1Y) Largest decline over 1 year	-12.60%	-53.30%	+40.70%
Max Drawdown (3Y) Largest decline over 3 years	-39.71%	—	—
Current Drawdown Current decline from peak	-11.00%	-49.18%	+38.18%
Average Drawdown Average peak-to-trough decline	-14.75%	-17.51%	+2.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.17%	32.56%	-28.39%

Volatility

ETEC vs. IBIT - Volatility Comparison

iShares Breakthrough Environmental Solutions ETF (ETEC) and iShares Bitcoin Trust ETF (IBIT) have volatilities of 11.55% and 11.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETEC	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.55%	11.12%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	20.22%	34.70%	-14.48%
Volatility (1Y) Calculated over the trailing 1-year period	24.30%	44.47%	-20.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.60%	49.98%	-25.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.60%	49.98%	-25.38%

ETEC vs. IBIT - Expense Ratio Comparison

ETEC has a 0.47% expense ratio, which is higher than IBIT's 0.25% expense ratio.

Dividends

ETEC vs. IBIT - Dividend Comparison

ETEC's dividend yield for the trailing twelve months is around 0.46%, while IBIT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
ETEC iShares Breakthrough Environmental Solutions ETF	0.46%	0.33%	1.24%	4.18%
IBIT iShares Bitcoin Trust ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ETEC and IBIT in my portfolio?

ETEC and IBIT have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ETEC or IBIT?

ETEC has higher volatility (11.55%) compared to IBIT (11.12%). In terms of maximum drawdown, ETEC dropped -39.71% vs IBIT's -53.30%.

Which ETF is better, ETEC or IBIT?

On 1-year performance, ETEC leads with 37.37% vs -46.09% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 11.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ETEC or IBIT?

Over the 1-year period, ETEC has performed better with a 37.37% return vs -46.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ETEC or IBIT?

IBIT is cheaper with a 0.25% expense ratio, compared with 0.47% for ETEC.

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

ETEC has the higher dividend yield at 0.46%, compared with 0.00% for IBIT.

What is the main difference between ETEC and IBIT?

ETEC is categorized as Technology Equities, while IBIT is Cryptocurrency. ETEC tracks Morningstar Global Emerging Green Technologies Select Index - Benchmark TR Net, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.47% for ETEC and 0.25% for IBIT.

Which has better risk-adjusted returns?

ETEC currently has the higher Sharpe Ratio (1.54 vs -0.99), 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.