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 DJ US Select / Investment Services, 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 16.52% vs -38.74% for IBIT. At a 0.46 correlation, their price movements are largely independent. IAI charges 0.41%/yr vs 0.25%/yr for IBIT.
Performance
IAI vs. IBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IAI achieves a 0.24% return, which is significantly higher than IBIT's -25.48% return.
IAI
- 1D
- -1.71%
- 1M
- 1.75%
- YTD
- 0.24%
- 6M
- 1.73%
- 1Y
- 16.52%
- 3Y*
- 27.84%
- 5Y*
- 13.43%
- 10Y*
- 18.46%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IAI vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF | 0.24% | 25.80% | 38.49% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between IAI and IBIT is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.46 |
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
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.
| IAI | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.86 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | -0.79 | +1.79 |
| Martin ratioReturn relative to average drawdown | 2.88 | -1.36 | +4.24 |
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
| IAI | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | -0.89 | +1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.30 | -0.02 |
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 -49.36%. Use the drawdown chart below to compare losses from any high point for IAI and IBIT.
Loading charts...
Drawdown Indicators
| IAI | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.46% | -49.36% | -26.10% |
Max Drawdown (1Y)Largest decline over 1 year | -16.52% | -49.36% | +32.84% |
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 | -5.57% | -48.10% | +42.53% |
Average DrawdownAverage peak-to-trough decline | -22.66% | -16.02% | -6.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | 28.44% | -22.69% |
Volatility
IAI vs. IBIT - Volatility Comparison
The current volatility for iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) is 4.48%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. 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.
Loading charts...
Volatility by Period
| IAI | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 9.50% | -5.02% |
Volatility (6M)Calculated over the trailing 6-month period | 14.92% | 34.44% | -19.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.05% | 43.73% | -24.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.42% | 50.19% | -28.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.84% | 50.19% | -27.35% |
IAI vs. IBIT - Expense Ratio Comparison
IAI has a 0.41% 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 1.08%, 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 | 1.08% | 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 0.45, 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 IAI (4.48%). In terms of maximum drawdown, IAI dropped -75.46% vs IBIT's -49.36%.
On 1-year performance, IAI leads with 16.52% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IAI has been the lower-risk option at 4.48%. 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 16.52% 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 0.41% for IAI.
IAI has the higher dividend yield at 1.08%, compared with 0.00% for IBIT.
IAI is categorized as Financials Equities, while IBIT is Cryptocurrency. IAI tracks DJ US Select / Investment Services, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.41% for IAI and 0.25% for IBIT.
IAI currently has the higher Sharpe Ratio (0.87 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 IAI 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