ETN vs. IBIT
ETN (Eaton Corporation plc) 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, ETN returned 19.85% vs -40.63% for IBIT. At a 0.30 correlation, their price movements are largely independent.
Performance
ETN vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, ETN achieves a 23.61% return, which is significantly higher than IBIT's -27.41% return.
ETN
- 1D
- -0.57%
- 1M
- -3.82%
- YTD
- 23.61%
- 6M
- 18.59%
- 1Y
- 19.85%
- 3Y*
- 28.04%
- 5Y*
- 23.65%
- 10Y*
- 23.38%
IBIT
- 1D
- -0.03%
- 1M
- -20.12%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETN vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETN Eaton Corporation plc | 23.61% | -2.79% | 39.47% |
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
Correlation
The correlation between ETN and IBIT is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.30 |
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Return for Risk
ETN vs. IBIT — Risk / Return Rank
ETN
IBIT
ETN vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Corporation plc (ETN) 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.
| ETN | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.85 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | -0.78 | +1.82 |
| Martin ratioReturn relative to average drawdown | 2.25 | -1.37 | +3.62 |
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Drawdowns
ETN vs. IBIT - Drawdown Comparison
The maximum ETN drawdown since its inception was -68.95%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for ETN and IBIT.
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Drawdown Indicators
| ETN | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.95% | -52.11% | -16.84% |
Max Drawdown (1Y)Largest decline over 1 year | -19.14% | -52.11% | +32.97% |
Max Drawdown (3Y)Largest decline over 3 years | -34.46% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.46% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.55% | — | — |
Current DrawdownCurrent decline from peak | -9.36% | -49.45% | +40.09% |
Average DrawdownAverage peak-to-trough decline | -14.89% | -16.53% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.86% | 29.64% | -20.78% |
Volatility
ETN vs. IBIT - Volatility Comparison
Eaton Corporation plc (ETN) has a higher volatility of 13.57% compared to iShares Bitcoin Trust ETF (IBIT) at 12.07%. This indicates that ETN'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
| ETN | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.57% | 12.07% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 26.78% | 34.45% | -7.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.48% | 44.10% | -10.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.24% | 50.26% | -20.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.10% | 50.26% | -20.16% |
Dividends
ETN vs. IBIT - Dividend Comparison
ETN's dividend yield for the trailing twelve months is around 1.09%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETN Eaton Corporation plc | 1.09% | 1.31% | 1.13% | 1.43% | 2.06% | 1.76% | 1.88% | 3.00% | 3.85% | 3.04% | 3.40% | 4.23% |
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
ETN and IBIT have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETN has higher volatility (13.57%) compared to IBIT (12.07%). In terms of maximum drawdown, ETN dropped -68.95% vs IBIT's -52.11%.
ETN currently has the higher Sharpe Ratio (0.60 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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