IAI vs. IBIT
IAI (iShares U.S. Broker-Dealers & Securities Exchanges ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IAI is a Financials Equities fund tracking the Dow Jones U.S. Select Investment Services 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, IAI returned 13.29% vs -46.35% for IBIT. At a 0.46 correlation, their price movements are largely independent. IAI charges 0.38%/yr vs 0.25%/yr for IBIT.
Performance
IAI vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IAI achieves a 7.93% return, which is significantly higher than IBIT's -26.71% return.
IAI
- 1D
- -2.06%
- 1M
- 2.41%
- 6M
- 1.68%
- YTD
- 7.93%
- 1Y
- 13.29%
- 3Y*
- 28.91%
- 5Y*
- 15.88%
- 10Y*
- 19.36%
IBIT
- 1D
- -1.14%
- 1M
- -2.10%
- 6M
- -32.61%
- YTD
- -26.71%
- 1Y
- -46.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IAI vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF | 7.93% | 25.80% | 38.22% |
IBIT iShares Bitcoin Trust ETF | -26.71% | -6.41% | 89.87% |
Correlation
The correlation between IAI and IBIT is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.46 |
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Return for Risk
IAI vs. IBIT — Risk / Return Rank
IAI
IBIT
IAI vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) 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.
| IAI | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.82 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | -0.87 | +1.68 |
| Martin ratioReturn relative to average drawdown | 2.26 | -1.40 | +3.66 |
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Drawdowns
IAI vs. IBIT - Drawdown Comparison
The maximum IAI drawdown since its inception was -75.46%, which is greater than IBIT's maximum drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for IAI and IBIT.
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Drawdown Indicators
| IAI | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.46% | -53.30% | -22.16% |
Max Drawdown (1Y)Largest decline over 1 year | -16.52% | -53.30% | +36.78% |
Max Drawdown (3Y)Largest decline over 3 years | -23.14% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.84% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.38% | — | — |
Current DrawdownCurrent decline from peak | -2.06% | -48.95% | +46.89% |
Average DrawdownAverage peak-to-trough decline | -22.55% | -17.71% | -4.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.88% | 33.14% | -27.26% |
Volatility
IAI vs. IBIT - Volatility Comparison
The current volatility for iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) is 7.16%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 10.89%. This indicates that IAI 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
| IAI | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.16% | 10.89% | -3.73% |
Volatility (6M)Calculated over the trailing 6-month period | 16.12% | 34.83% | -18.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.06% | 44.38% | -24.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.53% | 49.92% | -28.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.73% | 49.92% | -27.19% |
IAI vs. IBIT - Expense Ratio Comparison
IAI has a 0.38% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
IAI vs. IBIT - Dividend Comparison
IAI's dividend yield for the trailing twelve months is around 1.07%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF | 1.07% | 0.95% | 1.05% | 1.80% | 2.14% | 1.31% | 1.55% | 1.52% | 1.58% | 1.37% | 1.49% | 1.31% |
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
IAI and IBIT have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (10.89%) compared to IAI (7.16%). In terms of maximum drawdown, IAI dropped -75.46% vs IBIT's -53.30%.
On 1-year performance, IAI leads with 13.29% vs -46.35% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IAI has been the lower-risk option at 7.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IAI has performed better with a 13.29% return vs -46.35%. 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 0.38% for IAI.
IAI has the higher dividend yield at 1.07%, compared with 0.00% for IBIT.
IAI is categorized as Financials Equities, while IBIT is Cryptocurrency. IAI tracks Dow Jones U.S. Select Investment Services Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.38% for IAI and 0.25% for IBIT.
IAI currently has the higher Sharpe Ratio (0.67 vs -1.05), 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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