FALN vs. IBIT
Compare and contrast key facts about iShares Fallen Angels USD Bond ETF (FALN) and iShares Bitcoin Trust ETF (IBIT).
FALN and IBIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FALN is a passively managed fund by iShares that tracks the performance of the Bloomberg US High Yield Fallen Angel 3% Capped Index. It was launched on Jun 14, 2016. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024. Both FALN and IBIT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FALN vs. IBIT - Performance Comparison
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FALN vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FALN iShares Fallen Angels USD Bond ETF | -1.06% | 8.92% | 6.63% |
IBIT iShares Bitcoin Trust ETF | -22.62% | -6.41% | 99.21% |
Returns By Period
In the year-to-date period, FALN achieves a -1.06% return, which is significantly higher than IBIT's -22.62% return.
FALN
- 1D
- 1.04%
- 1M
- -2.55%
- YTD
- -1.06%
- 6M
- -0.67%
- 1Y
- 6.34%
- 3Y*
- 8.32%
- 5Y*
- 3.59%
- 10Y*
- —
IBIT
- 1D
- 1.96%
- 1M
- 3.31%
- YTD
- -22.62%
- 6M
- -40.89%
- 1Y
- -17.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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FALN vs. IBIT - Expense Ratio Comparison
Both FALN and IBIT have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
FALN vs. IBIT — Risk / Return Rank
FALN
IBIT
FALN vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Fallen Angels USD Bond ETF (FALN) 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.
| FALN | IBIT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | -0.40 | +1.32 |
Sortino ratioReturn per unit of downside risk | 1.31 | -0.29 | +1.60 |
Omega ratioGain probability vs. loss probability | 1.22 | 0.97 | +0.25 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | -0.39 | +1.53 |
Martin ratioReturn relative to average drawdown | 4.96 | -0.83 | +5.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FALN | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | -0.40 | +1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.35 | +0.36 |
Correlation
The correlation between FALN and IBIT is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FALN vs. IBIT - Dividend Comparison
FALN's dividend yield for the trailing twelve months is around 6.51%, while IBIT has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FALN iShares Fallen Angels USD Bond ETF | 6.51% | 6.31% | 6.24% | 5.37% | 5.08% | 3.40% | 5.14% | 5.35% | 5.97% | 6.98% | 3.55% |
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% |
Drawdowns
FALN vs. IBIT - Drawdown Comparison
The maximum FALN drawdown since its inception was -29.22%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for FALN and IBIT.
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Drawdown Indicators
| FALN | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.22% | -49.36% | +20.14% |
Max Drawdown (1Y)Largest decline over 1 year | -5.57% | -49.36% | +43.79% |
Max Drawdown (5Y)Largest decline over 5 years | -18.78% | — | — |
Current DrawdownCurrent decline from peak | -2.83% | -46.11% | +43.28% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -14.13% | +10.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 23.09% | -21.80% |
Volatility
FALN vs. IBIT - Volatility Comparison
The current volatility for iShares Fallen Angels USD Bond ETF (FALN) is 2.77%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 12.99%. This indicates that FALN 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.
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Volatility by Period
| FALN | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 12.99% | -10.22% |
Volatility (6M)Calculated over the trailing 6-month period | 3.53% | 36.75% | -33.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.90% | 45.42% | -38.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.28% | 51.26% | -43.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.01% | 51.26% | -42.25% |