GLXY vs. IBIT
GLXY (Galaxy Digital 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, GLXY returned -21.84% vs -44.50% for IBIT. Their 0.65 correlation means they have sometimes moved together and sometimes differently.
Performance
GLXY vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, GLXY achieves a -6.04% return, which is significantly higher than IBIT's -28.22% return.
GLXY
- 1D
- -2.37%
- 1M
- -14.56%
- 6M
- -25.65%
- YTD
- -6.04%
- 1Y
- -21.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -8.86%
IBIT
- 1D
- -2.89%
- 1M
- 2.21%
- 6M
- -24.95%
- YTD
- -28.22%
- 1Y
- -44.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $133.62M | $141.92M | $181.78M | |
| $1.30B | $1.34B | $1.68B |
GLXY vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLXY Galaxy Digital Inc. | -6.04% | -4.85% |
IBIT iShares Bitcoin Trust ETF | -28.22% | -15.37% |
Correlation
The correlation between GLXY and IBIT is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
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 0.68 - 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 Inc. (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 | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.83 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | -0.87 | +0.44 |
| Martin ratioReturn relative to average drawdown | -0.73 | -1.34 | +0.61 |
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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 | -50.98% | -50.01% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -29.18% | -18.24% | -10.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.74% | 34.66% | +1.08% |
Volatility
GLXY vs. IBIT - Volatility Comparison
Galaxy Digital Inc. (GLXY) has a higher volatility of 30.77% compared to iShares Bitcoin Trust ETF (IBIT) at 9.21%. 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 | 30.77% | 9.21% | +21.56% |
Volatility (6M)Calculated over the trailing 6-month period | 70.62% | 33.74% | +36.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 91.24% | 44.46% | +46.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.32% | 49.60% | +40.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.32% | 49.60% | +40.72% |
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 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLXY has higher volatility (30.77%) compared to IBIT (9.21%). In terms of maximum drawdown, GLXY dropped -60.71% vs IBIT's -53.30%.
GLXY currently has the higher Sharpe Ratio (-0.29 vs -1.04), 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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