GLXY vs. IBIT
GLXY (Galaxy Digital Holdings Ltd) 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, GLXY returned 13.18% vs -47.60% for IBIT. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
GLXY vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, GLXY achieves a 4.43% return, which is significantly higher than IBIT's -29.06% return.
GLXY
- 1D
- -6.15%
- 1M
- -30.01%
- 6M
- -8.40%
- YTD
- 4.43%
- 1Y
- 13.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -2.79%
- 1M
- -2.28%
- 6M
- -32.10%
- YTD
- -29.06%
- 1Y
- -47.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLXY vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLXY Galaxy Digital Holdings Ltd | 4.43% | -4.85% |
IBIT iShares Bitcoin Trust ETF | -29.06% | -15.37% |
Correlation
The correlation between GLXY and IBIT is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since May 16, 2025 | 0.65 |
The correlation between GLXY and IBIT has been stable across timeframes, ranging from 0.65 to 0.66 - a consistent structural relationship.
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Return for Risk
GLXY vs. IBIT — Risk / Return Rank
GLXY
IBIT
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.
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.
| GLXY | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.82 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.22 | -0.90 | +1.11 |
| Martin ratioReturn relative to average drawdown | 0.38 | -1.46 | +1.84 |
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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 -53.30%. Use the drawdown chart below to compare losses from any high point for GLXY and IBIT.
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Drawdown Indicators
| GLXY | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.71% | -53.30% | -7.41% |
Max Drawdown (1Y)Largest decline over 1 year | -60.71% | -53.30% | -7.41% |
Current DrawdownCurrent decline from peak | -45.52% | -50.60% | +5.08% |
Average DrawdownAverage peak-to-trough decline | -28.32% | -17.56% | -10.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.40% | 32.72% | +1.68% |
Volatility
GLXY vs. IBIT - Volatility Comparison
Galaxy Digital Holdings Ltd (GLXY) has a higher volatility of 19.46% compared to iShares Bitcoin Trust ETF (IBIT) at 11.51%. This indicates that GLXY'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
| GLXY | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.46% | 11.51% | +7.95% |
Volatility (6M)Calculated over the trailing 6-month period | 67.81% | 34.79% | +33.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.17% | 44.38% | +45.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.33% | 49.97% | +38.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.33% | 49.97% | +38.36% |
Dividends
GLXY vs. IBIT - Dividend Comparison
Neither GLXY nor IBIT has paid dividends to shareholders.
Frequently Asked Questions
GLXY and IBIT have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLXY has higher volatility (19.46%) compared to IBIT (11.51%). In terms of maximum drawdown, GLXY dropped -60.71% vs IBIT's -53.30%.
GLXY currently has the higher Sharpe Ratio (0.15 vs -1.08), 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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