GIL vs. IBIT
GIL (Gildan Activewear Inc.) 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, GIL returned 33.46% vs -39.67% for IBIT. At a 0.20 correlation, their price movements are largely independent.
Performance
GIL vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, GIL achieves a -1.83% return, which is significantly higher than IBIT's -27.41% return.
GIL
- 1D
- 1.81%
- 1M
- 6.91%
- YTD
- -1.83%
- 6M
- 1.32%
- 1Y
- 33.46%
- 3Y*
- 29.16%
- 5Y*
- 13.34%
- 10Y*
- 9.52%
IBIT
- 1D
- -0.03%
- 1M
- -21.94%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GIL vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GIL Gildan Activewear Inc. | -1.83% | 35.08% | 52.70% |
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
Correlation
The correlation between GIL and IBIT is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.20 |
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Return for Risk
GIL vs. IBIT — Risk / Return Rank
GIL
IBIT
GIL vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gildan Activewear Inc. (GIL) 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.
| GIL | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.77 | ||
| Sortino ratioReturn per unit of downside risk | +2.86 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.85 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | -0.78 | +1.92 |
| Martin ratioReturn relative to average drawdown | 2.74 | -1.37 | +4.11 |
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Drawdowns
GIL vs. IBIT - Drawdown Comparison
The maximum GIL drawdown since its inception was -87.23%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for GIL and IBIT.
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Drawdown Indicators
| GIL | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.23% | -52.11% | -35.12% |
Max Drawdown (1Y)Largest decline over 1 year | -25.71% | -52.11% | +26.40% |
Max Drawdown (3Y)Largest decline over 3 years | -31.28% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -37.97% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -74.44% | — | — |
Current DrawdownCurrent decline from peak | -15.52% | -49.45% | +33.93% |
Average DrawdownAverage peak-to-trough decline | -19.14% | -16.53% | -2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.70% | 29.64% | -18.94% |
Volatility
GIL vs. IBIT - Volatility Comparison
The current volatility for Gildan Activewear Inc. (GIL) is 10.74%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 12.07%. This indicates that GIL 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
| GIL | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.74% | 12.07% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 26.40% | 34.45% | -8.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.65% | 44.10% | -9.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.13% | 50.26% | -18.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.61% | 50.26% | -15.65% |
Dividends
GIL vs. IBIT - Dividend Comparison
GIL's dividend yield for the trailing twelve months is around 1.56%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIL Gildan Activewear Inc. | 1.56% | 1.45% | 1.74% | 2.25% | 2.47% | 1.53% | 0.55% | 1.82% | 1.48% | 1.16% | 1.23% | 0.91% |
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
GIL and IBIT have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (12.07%) compared to GIL (10.74%). In terms of maximum drawdown, GIL dropped -87.23% vs IBIT's -52.11%.
GIL currently has the higher Sharpe Ratio (0.85 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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