IAK vs. IBIT
IAK (iShares U.S. Insurance ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance 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, IAK returned 14.53% vs -46.35% for IBIT. At a 0.09 correlation, their price movements are largely independent. IAK charges 0.38%/yr vs 0.25%/yr for IBIT.
Performance
IAK vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IAK achieves a 6.94% return, which is significantly higher than IBIT's -26.71% return.
IAK
- 1D
- 1.52%
- 1M
- 5.26%
- 6M
- 10.84%
- YTD
- 6.94%
- 1Y
- 14.53%
- 3Y*
- 19.94%
- 5Y*
- 15.38%
- 10Y*
- 12.98%
IBIT
- 1D
- -1.14%
- 1M
- -2.10%
- 6M
- -32.61%
- YTD
- -26.71%
- 1Y
- -46.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IAK vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IAK iShares U.S. Insurance ETF | 6.94% | 9.50% | 26.30% |
IBIT iShares Bitcoin Trust ETF | -26.71% | -6.41% | 89.87% |
Correlation
The correlation between IAK and IBIT is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.09 |
The correlation between IAK and IBIT shifts across timeframes, from -0.01 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IAK vs. IBIT — Risk / Return Rank
IAK
IBIT
IAK vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Insurance ETF (IAK) 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.
| IAK | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.98 | ||
| Sortino ratioReturn per unit of downside risk | +2.98 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.82 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | -0.87 | +2.79 |
| Martin ratioReturn relative to average drawdown | 4.66 | -1.40 | +6.06 |
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Drawdowns
IAK vs. IBIT - Drawdown Comparison
The maximum IAK drawdown since its inception was -77.38%, which is greater than IBIT's maximum drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for IAK and IBIT.
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Drawdown Indicators
| IAK | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.38% | -53.30% | -24.08% |
Max Drawdown (1Y)Largest decline over 1 year | -7.62% | -53.30% | +45.68% |
Max Drawdown (3Y)Largest decline over 3 years | -11.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.95% | — | — |
Current DrawdownCurrent decline from peak | -3.38% | -48.95% | +45.57% |
Average DrawdownAverage peak-to-trough decline | -16.05% | -17.71% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 33.14% | -30.02% |
Volatility
IAK vs. IBIT - Volatility Comparison
The current volatility for iShares U.S. Insurance ETF (IAK) is 6.86%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 10.89%. This indicates that IAK 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
| IAK | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.86% | 10.89% | -4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 11.77% | 34.83% | -23.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.66% | 44.38% | -28.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.14% | 49.92% | -31.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.87% | 49.92% | -29.05% |
IAK vs. IBIT - Expense Ratio Comparison
IAK has a 0.38% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
IAK vs. IBIT - Dividend Comparison
IAK's dividend yield for the trailing twelve months is around 2.50%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAK iShares U.S. Insurance ETF | 2.50% | 1.69% | 1.49% | 1.44% | 1.69% | 2.26% | 2.07% | 1.84% | 2.33% | 1.62% | 1.68% | 1.62% |
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
IAK and IBIT have a correlation of -0.01, 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 IAK (6.86%). In terms of maximum drawdown, IAK dropped -77.38% vs IBIT's -53.30%.
On 1-year performance, IAK leads with 14.53% vs -46.35% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IAK has been the lower-risk option at 6.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IAK has performed better with a 14.53% 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 IAK.
IAK has the higher dividend yield at 2.50%, compared with 0.00% for IBIT.
IAK is categorized as Financials Equities, while IBIT is Cryptocurrency. IAK tracks Dow Jones U.S. Select Insurance Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.38% for IAK and 0.25% for IBIT.
IAK currently has the higher Sharpe Ratio (0.93 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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