FALN vs. IBIT
FALN (iShares Fallen Angels USD Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - FALN is a High Yield Bonds fund tracking the Bloomberg US High Yield Fallen Angel 3% Capped Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, FALN returned 7.72% vs -43.61% for IBIT. At a 0.32 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
FALN vs. IBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FALN achieves a 2.31% return, which is significantly higher than IBIT's -31.78% return.
FALN
- 1D
- 0.07%
- 1M
- 1.15%
- YTD
- 2.31%
- 6M
- 2.27%
- 1Y
- 7.72%
- 3Y*
- 9.42%
- 5Y*
- 3.73%
- 10Y*
- 6.61%
IBIT
- 1D
- -4.08%
- 1M
- -21.16%
- YTD
- -31.78%
- 6M
- -31.52%
- 1Y
- -43.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FALN vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FALN iShares Fallen Angels USD Bond ETF | 2.31% | 8.92% | 7.07% |
IBIT iShares Bitcoin Trust ETF | -31.78% | -6.41% | 89.87% |
Correlation
The correlation between FALN and IBIT is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.32 |
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
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.
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.
| FALN | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.67 | ||
| Sortino ratioReturn per unit of downside risk | +3.90 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.84 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | -0.83 | +2.79 |
| Martin ratioReturn relative to average drawdown | 8.15 | -1.42 | +9.57 |
Loading charts...
Drawdowns
FALN vs. IBIT - Drawdown Comparison
The maximum FALN drawdown since its inception was -29.22%, smaller than the maximum IBIT drawdown of -52.49%. Use the drawdown chart below to compare losses from any high point for FALN and IBIT.
Loading charts...
Drawdown Indicators
| FALN | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.22% | -52.49% | +23.27% |
Max Drawdown (1Y)Largest decline over 1 year | -3.96% | -52.49% | +48.53% |
Max Drawdown (3Y)Largest decline over 3 years | -5.92% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.78% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -29.22% | — | — |
Current DrawdownCurrent decline from peak | -0.04% | -52.49% | +52.45% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -16.91% | +13.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 30.76% | -29.81% |
Volatility
FALN vs. IBIT - Volatility Comparison
The current volatility for iShares Fallen Angels USD Bond ETF (FALN) is 1.17%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.48%. 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.
Loading charts...
Volatility by Period
| FALN | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 13.48% | -12.31% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 34.60% | -30.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.60% | 44.48% | -39.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.33% | 50.25% | -42.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.92% | 50.25% | -41.33% |
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%.
Dividends
FALN vs. IBIT - Dividend Comparison
FALN's dividend yield for the trailing twelve months is around 6.42%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FALN iShares Fallen Angels USD Bond ETF | 6.42% | 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% |
Frequently Asked Questions
FALN and IBIT have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (13.48%) compared to FALN (1.17%). In terms of maximum drawdown, FALN dropped -29.22% vs IBIT's -52.49%.
On 1-year performance, FALN leads with 7.72% vs -43.61% for IBIT. Both ETFs have the same 0.25% expense ratio. On volatility, FALN has been the lower-risk option at 1.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FALN has performed better with a 7.72% return vs -43.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FALN and IBIT have the same expense ratio: 0.25% per year.
FALN has the higher dividend yield at 6.42%, compared with 0.00% for IBIT.
FALN is categorized as High Yield Bonds, while IBIT is Cryptocurrency. FALN tracks Bloomberg US High Yield Fallen Angel 3% Capped Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant.
FALN currently has the higher Sharpe Ratio (1.69 vs -0.98), 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 FALN 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