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 75.61% vs -37.79% for IBIT. A 0.66 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 48.12% return, which is significantly higher than IBIT's -26.49% return.
GLXY
- 1D
- -3.16%
- 1M
- 15.60%
- YTD
- 48.12%
- 6M
- 34.58%
- 1Y
- 75.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- 2.47%
- 1M
- -15.04%
- YTD
- -26.49%
- 6M
- -27.13%
- 1Y
- -37.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLXY vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLXY Galaxy Digital Holdings Ltd | 48.12% | -4.85% |
IBIT iShares Bitcoin Trust ETF | -26.49% | -15.37% |
Correlation
The correlation between GLXY and IBIT is 0.67, 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 | 0.67 |
Correlation (All Time) Calculated using the full available price history since May 16, 2025 | 0.66 |
The correlation between GLXY and IBIT has been stable across timeframes, ranging from 0.66 to 0.67 - 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 | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.87 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | -0.73 | +1.98 |
| Martin ratioReturn relative to average drawdown | 2.28 | -1.24 | +3.53 |
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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 -52.11%. 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% | -52.11% | -8.60% |
Max Drawdown (1Y)Largest decline over 1 year | -60.71% | -52.11% | -8.60% |
Current DrawdownCurrent decline from peak | -22.73% | -48.80% | +26.07% |
Average DrawdownAverage peak-to-trough decline | -27.83% | -16.79% | -11.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.22% | 30.41% | +2.81% |
Volatility
GLXY vs. IBIT - Volatility Comparison
Galaxy Digital Holdings Ltd (GLXY) has a higher volatility of 30.12% compared to iShares Bitcoin Trust ETF (IBIT) at 13.00%. 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 | 30.12% | 13.00% | +17.12% |
Volatility (6M)Calculated over the trailing 6-month period | 67.37% | 34.53% | +32.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.38% | 44.29% | +46.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.18% | 50.21% | +38.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.18% | 50.21% | +38.97% |
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 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLXY has higher volatility (30.12%) compared to IBIT (13.00%). In terms of maximum drawdown, GLXY dropped -60.71% vs IBIT's -52.11%.
GLXY currently has the higher Sharpe Ratio (0.84 vs -0.86), 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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