HIMU vs. IBIT
HIMU (iShares High Yield Muni Active ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - HIMU is a High Yield Muni fund actively managed by iShares, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. HIMU is actively managed, while IBIT is passively managed. Over the past year, HIMU returned 6.84% vs -44.50% for IBIT. Their -0.02 correlation means they have often moved in opposite directions in the past. HIMU charges 0.42%/yr vs 0.25%/yr for IBIT.
Performance
HIMU vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, HIMU achieves a 2.34% return, which is significantly higher than IBIT's -28.22% return.
HIMU
- 1D
- -0.10%
- 1M
- -2.16%
- 6M
- 1.49%
- YTD
- 2.34%
- 1Y
- 6.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.61%
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) |
|---|---|---|---|
| $15.56M | $15.88M | $18.31M | |
| $1.30B | $1.34B | $1.68B |
HIMU vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HIMU iShares High Yield Muni Active ETF | 2.34% | 1.48% |
IBIT iShares Bitcoin Trust ETF | -28.22% | -8.85% |
Correlation
The correlation between HIMU and IBIT is 0.06, 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. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2025 | -0.02 |
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Return for Risk
HIMU vs. IBIT — Risk / Return Rank
HIMU
IBIT
HIMU vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares High Yield Muni Active ETF (HIMU) 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.
| HIMU | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.86 | ||
| Sortino ratioReturn per unit of downside risk | +4.18 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.83 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | -0.87 | +3.21 |
| Martin ratioReturn relative to average drawdown | 8.96 | -1.34 | +10.29 |
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Drawdowns
HIMU vs. IBIT - Drawdown Comparison
The maximum HIMU drawdown since its inception was -8.01%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for HIMU and IBIT.
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Drawdown Indicators
| HIMU | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.01% | -53.30% | +45.29% |
Max Drawdown (1Y)Largest decline over 1 year | -3.29% | -53.30% | +50.01% |
Current DrawdownCurrent decline from peak | -2.20% | -50.01% | +47.81% |
Average DrawdownAverage peak-to-trough decline | -1.63% | -18.24% | +16.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 34.66% | -33.80% |
Volatility
HIMU vs. IBIT - Volatility Comparison
The current volatility for iShares High Yield Muni Active ETF (HIMU) is 1.09%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.21%. This indicates that HIMU 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
| HIMU | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 9.21% | -8.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.35% | 33.74% | -30.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.25% | 44.46% | -40.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.12% | 49.60% | -42.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.12% | 49.60% | -42.48% |
HIMU vs. IBIT - Expense Ratio Comparison
HIMU has a 0.42% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
HIMU vs. IBIT - Dividend Comparison
HIMU's dividend yield for the trailing twelve months is around 5.19%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
HIMU iShares High Yield Muni Active ETF | 4.80% | 4.57% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% |
Frequently Asked Questions
HIMU and IBIT have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.21%) compared to HIMU (1.09%). In terms of maximum drawdown, HIMU dropped -8.01% vs IBIT's -53.30%.
On 1-year performance, HIMU leads with 6.84% vs -44.50% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, HIMU has been the lower-risk option at 1.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HIMU has performed better with a 6.84% return vs -44.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.42% for HIMU.
HIMU has the higher dividend yield at 4.80%, compared with 0.00% for IBIT.
HIMU is categorized as High Yield Muni, while IBIT is Cryptocurrency. Their fees differ too: 0.42% for HIMU and 0.25% for IBIT.
HIMU currently has the higher Sharpe Ratio (1.81 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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