ETH-USD vs. IBIT
ETH-USD (Ethereum) is a cryptocurrency, while IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, ETH-USD returned -34.85% vs -39.67% for IBIT. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
ETH-USD vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, ETH-USD achieves a -43.34% return, which is significantly lower than IBIT's -27.41% return.
ETH-USD
- 1D
- 0.93%
- 1M
- -26.37%
- YTD
- -43.34%
- 6M
- -46.03%
- 1Y
- -34.85%
- 3Y*
- 0.61%
- 5Y*
- -8.23%
- 10Y*
- 57.05%
IBIT
- 1D
- -0.03%
- 1M
- -21.94%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH-USD vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETH-USD Ethereum | -43.34% | -10.91% | 28.84% |
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
Correlation
The correlation between ETH-USD and IBIT is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.59 |
The correlation between ETH-USD and IBIT has been stable across timeframes, ranging from 0.59 to 0.62 - a consistent structural relationship.
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Return for Risk
ETH-USD vs. IBIT — Risk / Return Rank
ETH-USD
IBIT
ETH-USD vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) 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.
| ETH-USD | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.85 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | -0.78 | +0.27 |
| Martin ratioReturn relative to average drawdown | -0.89 | -1.37 | +0.48 |
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Drawdowns
ETH-USD vs. IBIT - Drawdown Comparison
The maximum ETH-USD drawdown since its inception was -94.01%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for ETH-USD and IBIT.
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Drawdown Indicators
| ETH-USD | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -52.11% | -41.90% |
Max Drawdown (1Y)Largest decline over 1 year | -67.53% | -52.11% | -15.42% |
Max Drawdown (3Y)Largest decline over 3 years | -67.53% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -79.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -94.01% | — | — |
Current DrawdownCurrent decline from peak | -65.20% | -49.45% | -15.75% |
Average DrawdownAverage peak-to-trough decline | -50.89% | -16.53% | -34.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.49% | 29.64% | +15.85% |
Volatility
ETH-USD vs. IBIT - Volatility Comparison
Ethereum (ETH-USD) has a higher volatility of 17.20% compared to iShares Bitcoin Trust ETF (IBIT) at 12.07%. This indicates that ETH-USD'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.
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Volatility by Period
| ETH-USD | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.20% | 12.07% | +5.13% |
Volatility (6M)Calculated over the trailing 6-month period | 46.29% | 34.45% | +11.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.08% | 44.10% | +11.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.55% | 50.26% | +9.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.88% | 50.26% | +27.62% |
Frequently Asked Questions
ETH-USD and IBIT have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETH-USD has higher volatility (17.20%) compared to IBIT (12.07%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs IBIT's -52.11%.
ETH-USD currently has the higher Sharpe Ratio (-0.52 vs -0.92), 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.
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