HYG vs. IBIT
HYG (iShares iBoxx $ High Yield Corporate Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - HYG is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield 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, HYG returned 5.12% vs -43.69% for IBIT. Their 0.36 correlation means their historical movements had little consistent relationship. HYG charges 0.49%/yr vs 0.25%/yr for IBIT.
Performance
HYG vs. IBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HYG achieves a 1.81% return, which is significantly higher than IBIT's -27.17% return.
HYG
- 1D
- 0.27%
- 1M
- -0.02%
- 6M
- 1.13%
- YTD
- 1.81%
- 1Y
- 5.12%
- 3Y*
- 8.25%
- 5Y*
- 3.73%
- 10Y*
- 4.64%
- ALL TIME*
- 4.95%
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) |
|---|---|---|---|
| $2.88B | $2.52B | $2.69B | |
| $1.33B | $1.34B | $1.65B |
HYG vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 1.81% | 8.59% | 7.99% |
IBIT iShares Bitcoin Trust ETF | -27.17% | -6.41% | 89.87% |
Correlation
The correlation between HYG and IBIT is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.36 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HYG vs. IBIT — Risk / Return Rank
HYG
IBIT
HYG vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBoxx $ High Yield Corporate Bond ETF (HYG) 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.
| HYG | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.32 | ||
| Sortino ratioReturn per unit of downside risk | +3.45 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.84 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | -0.82 | +3.02 |
| Martin ratioReturn relative to average drawdown | 9.47 | -1.26 | +10.72 |
Loading charts...
Drawdowns
HYG vs. IBIT - Drawdown Comparison
The maximum HYG drawdown since its inception was -34.25%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for HYG and IBIT.
Loading charts...
Drawdown Indicators
| HYG | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.25% | -53.30% | +19.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.34% | -53.30% | +50.96% |
Max Drawdown (3Y)Largest decline over 3 years | -4.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.79% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.03% | — | — |
Current DrawdownCurrent decline from peak | -0.22% | -49.28% | +49.06% |
Average DrawdownAverage peak-to-trough decline | -3.22% | -18.29% | +15.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 34.80% | -34.26% |
Volatility
HYG vs. IBIT - Volatility Comparison
The current volatility for iShares iBoxx $ High Yield Corporate Bond ETF (HYG) is 0.83%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.98%. This indicates that HYG 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.
Loading charts...
Volatility by Period
| HYG | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 8.98% | -8.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 33.79% | -30.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.87% | 44.48% | -40.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.53% | 49.57% | -42.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.21% | 49.57% | -41.36% |
HYG vs. IBIT - Expense Ratio Comparison
HYG has a 0.49% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
HYG vs. IBIT - Dividend Comparison
HYG's dividend yield for the trailing twelve months is around 5.91%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.91% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
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
HYG and IBIT have a correlation of 0.43, 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 HYG (0.83%). In terms of maximum drawdown, HYG dropped -34.25% vs IBIT's -53.30%.
On 1-year performance, HYG leads with 5.12% vs -43.69% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, HYG has been the lower-risk option at 0.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HYG has performed better with a 5.12% return vs -43.69%. 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 0.49% for HYG.
HYG has the higher dividend yield at 5.91%, compared with 0.00% for IBIT.
HYG is categorized as High Yield Bonds, while IBIT is Cryptocurrency. HYG tracks Markit iBoxx USD Liquid High Yield Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.49% for HYG and 0.25% for IBIT.
HYG currently has the higher Sharpe Ratio (1.33 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.
Find the right allocation for HYG and IBIT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer