GLXY vs. IBIT

Last updated Apr 1, 2026

Compare and contrast key facts about Galaxy Digital Holdings Ltd (GLXY) and iShares Bitcoin Trust ETF (IBIT).

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.

Performance

GLXY vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Galaxy Digital Holdings Ltd (GLXY) and iShares Bitcoin Trust ETF (IBIT). The values are adjusted to include any dividend payments, if applicable.

GLXY vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025
GLXY Galaxy Digital Holdings Ltd	-17.49%	-1.93%
IBIT iShares Bitcoin Trust ETF	-22.62%	-16.13%

Returns By Period

In the year-to-date period, GLXY achieves a -17.49% return, which is significantly higher than IBIT's -22.62% return.

GLXY

• 1D: 7.58%
• 1M: -10.39%
• YTD: -17.49%
• 6M: -45.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBIT

• 1D: 1.96%
• 1M: 3.31%
• YTD: -22.62%
• 6M: -40.89%
• 1Y: -17.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

GLXY vs. IBIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBIT

IBIT Risk / Return Rank: 6
IBIT Sharpe Ratio Rank: 5
IBIT Sortino Ratio Rank: 6
IBIT Omega Ratio Rank: 7
IBIT Calmar Ratio Rank: 6
IBIT Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GLXY vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Galaxy Digital Holdings Ltd (GLXY) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GLXY	IBIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.24	0.35	-0.60

Correlation

The correlation between GLXY and IBIT is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GLXY vs. IBIT - Dividend Comparison

Neither GLXY nor IBIT has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

GLXY vs. IBIT - Drawdown Comparison

The maximum GLXY drawdown since its inception was -60.71%, which is greater than IBIT's maximum drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for GLXY and IBIT.

Drawdown Indicators

	GLXY	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-60.71%	-49.36%	-11.35%
Max Drawdown (1Y) Largest decline over 1 year	—	-49.36%	—
Current Drawdown Current decline from peak	-56.95%	-46.11%	-10.84%
Average Drawdown Average peak-to-trough decline	-26.02%	-14.13%	-11.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	23.09%	—

Volatility

Volatility by Period

	GLXY	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.99%	—
Volatility (6M) Calculated over the trailing 6-month period	—	36.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	89.97%	45.42%	+44.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.97%	51.26%	+38.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.97%	51.26%	+38.71%