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 iBoxx $ 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 6.51% vs -38.74% for IBIT. At a 0.36 correlation, their price movements are largely independent. 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 1.32% return, which is significantly higher than IBIT's -25.48% return.
HYG
- 1D
- -0.28%
- 1M
- 0.36%
- YTD
- 1.32%
- 6M
- 1.73%
- 1Y
- 6.51%
- 3Y*
- 8.48%
- 5Y*
- 3.77%
- 10Y*
- 4.94%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYG vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 1.32% | 8.59% | 7.65% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between HYG and IBIT is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 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.
| HYG | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.61 | ||
| Sortino ratioReturn per unit of downside risk | +3.82 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.86 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | -0.79 | +3.58 |
| Martin ratioReturn relative to average drawdown | 12.34 | -1.36 | +13.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HYG | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | -0.89 | +2.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.30 | +0.16 |
Drawdowns
HYG vs. IBIT - Drawdown Comparison
The maximum HYG drawdown since its inception was -34.25%, smaller than the maximum IBIT drawdown of -49.36%. 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% | -49.36% | +15.11% |
Max Drawdown (1Y)Largest decline over 1 year | -2.34% | -49.36% | +47.02% |
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 | -0.28% | -48.10% | +47.82% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -16.02% | +12.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 28.44% | -27.91% |
Volatility
HYG vs. IBIT - Volatility Comparison
The current volatility for iShares iBoxx $ High Yield Corporate Bond ETF (HYG) is 1.21%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. 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 | 1.21% | 9.50% | -8.29% |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | 34.44% | -31.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.81% | 43.73% | -39.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.53% | 50.19% | -42.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.29% | 50.19% | -41.90% |
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 5.92%, 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 | 5.92% | 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 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.50%) compared to HYG (1.21%). In terms of maximum drawdown, HYG dropped -34.25% vs IBIT's -49.36%.
On 1-year performance, HYG leads with 6.51% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, HYG has been the lower-risk option at 1.21%. 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 6.51% return vs -38.74%. 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 5.92%, compared with 0.00% for IBIT.
HYG is categorized as High Yield Bonds, while IBIT is Cryptocurrency. HYG tracks iBoxx $ 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 (1.72 vs -0.89), 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