HDV vs. IBIT
HDV (iShares Core High Dividend ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, HDV returned 25.24% vs -43.69% for IBIT. Their 0.07 correlation means their historical movements had little consistent relationship. HDV charges 0.08%/yr vs 0.25%/yr for IBIT.
Performance
HDV vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, HDV achieves a 19.66% return, which is significantly higher than IBIT's -27.17% return.
HDV
- 1D
- -0.31%
- 1M
- 2.46%
- 6M
- 10.00%
- YTD
- 19.66%
- 1Y
- 25.24%
- 3Y*
- 15.80%
- 5Y*
- 12.13%
- 10Y*
- 9.57%
- ALL TIME*
- 10.80%
IBIT
- 1D
- 1.46%
- 1M
- 3.70%
- 6M
- -18.23%
- YTD
- -27.17%
- 1Y
- -43.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $168.30M | $156.51M | $108.57M | |
| $1.33B | $1.34B | $1.65B |
HDV vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HDV iShares Core High Dividend ETF | 19.66% | 11.90% | 12.97% |
IBIT iShares Bitcoin Trust ETF | -27.17% | -6.41% | 89.87% |
Correlation
The correlation between HDV and IBIT is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.08 |
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Return for Risk
HDV vs. IBIT — Risk / Return Rank
HDV
IBIT
HDV vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) 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.
| HDV | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.33 | ||
| Sortino ratioReturn per unit of downside risk | +4.97 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.84 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 4.90 | -0.82 | +5.72 |
| Martin ratioReturn relative to average drawdown | 13.39 | -1.26 | +14.64 |
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Drawdowns
HDV vs. IBIT - Drawdown Comparison
The maximum HDV drawdown since its inception was -37.04%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for HDV and IBIT.
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Drawdown Indicators
| HDV | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.04% | -53.30% | +16.26% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -53.30% | +48.12% |
Max Drawdown (3Y)Largest decline over 3 years | -10.49% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.04% | — | — |
Current DrawdownCurrent decline from peak | -1.72% | -49.28% | +47.56% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -18.29% | +15.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 34.80% | -32.91% |
Volatility
HDV vs. IBIT - Volatility Comparison
The current volatility for iShares Core High Dividend ETF (HDV) is 4.52%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.98%. This indicates that HDV 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
| HDV | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 8.98% | -4.46% |
Volatility (6M)Calculated over the trailing 6-month period | 8.66% | 33.79% | -25.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.83% | 44.48% | -33.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.95% | 49.57% | -36.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.79% | 49.57% | -33.78% |
HDV vs. IBIT - Expense Ratio Comparison
HDV has a 0.08% expense ratio, which is lower than IBIT's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
HDV vs. IBIT - Dividend Comparison
HDV's dividend yield for the trailing twelve months is around 3.08%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 3.08% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
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
HDV and IBIT have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (8.98%) compared to HDV (4.52%). In terms of maximum drawdown, HDV dropped -37.04% vs IBIT's -53.30%.
On 1-year performance, HDV leads with 25.24% vs -43.69% for IBIT. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HDV has performed better with a 25.24% return vs -43.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HDV is cheaper with a 0.08% expense ratio, compared with 0.25% for IBIT.
HDV has the higher dividend yield at 3.08%, compared with 0.00% for IBIT.
HDV is categorized as Dividend, while IBIT is Cryptocurrency. HDV tracks Morningstar Dividend Yield Focus Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.08% for HDV and 0.25% for IBIT.
HDV currently has the higher Sharpe Ratio (2.34 vs -0.99), 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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