IB1T.DE vs. IBIT

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Bitcoin ETP (IB1T.DE) and iShares Bitcoin Trust ETF (IBIT).

IB1T.DE and IBIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IB1T.DE is an actively managed fund by iShares. It was launched on Mar 18, 2025. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024.

Performance

IB1T.DE vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Bitcoin ETP (IB1T.DE) and iShares Bitcoin Trust ETF (IBIT). The values are adjusted to include any dividend payments, if applicable.

IB1T.DE vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025
IB1T.DE iShares Bitcoin ETP	-20.83%	-15.22%
IBIT iShares Bitcoin Trust ETF	-20.98%	-9.03%

Different Trading Currencies

IB1T.DE is traded in EUR, while IBIT is traded in USD. To make them comparable, the IBIT values have been converted to EUR using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with IB1T.DE having a -20.83% return and IBIT slightly lower at -21.39%.

IB1T.DE

• 1D: 1.76%
• 1M: -0.24%
• YTD: -20.83%
• 6M: -40.99%
• 1Y: -24.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBIT

• 1D: 0.00%
• 1M: -0.90%
• YTD: -21.39%
• 6M: -41.59%
• 1Y: -25.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IB1T.DE vs. IBIT - Expense Ratio Comparison

Both IB1T.DE and IBIT have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

IB1T.DE

iShares Bitcoin ETP

IBIT

iShares Bitcoin Trust ETF

Return for Risk

IB1T.DE vs. IBIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IB1T.DE

IB1T.DE Risk / Return Rank: 3
IB1T.DE Sharpe Ratio Rank: 3
IB1T.DE Sortino Ratio Rank: 3
IB1T.DE Omega Ratio Rank: 3
IB1T.DE Calmar Ratio Rank: 4
IB1T.DE Martin Ratio Rank: 3

IBIT

IBIT Risk / Return Rank: 6
IBIT Sharpe Ratio Rank: 5
IBIT Sortino Ratio Rank: 5
IBIT Omega Ratio Rank: 6
IBIT Calmar Ratio Rank: 6
IBIT Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IB1T.DE vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin ETP (IB1T.DE) 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.

	IB1T.DE	IBIT	Difference
Sharpe ratio Return per unit of total volatility	-0.62	-0.57	-0.05
Sortino ratio Return per unit of downside risk	-0.70	-0.58	-0.12
Omega ratio Gain probability vs. loss probability	0.92	0.93	-0.01
Calmar ratio Return relative to maximum drawdown	-0.53	-0.47	-0.07
Martin ratio Return relative to average drawdown	-1.14	-1.00	-0.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IB1T.DE vs. IBIT - Sharpe Ratio Comparison

The current IB1T.DE Sharpe Ratio is -0.62, which is comparable to the IBIT Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of IB1T.DE and IBIT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IB1T.DE	IBIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.62	-0.57	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	-0.79	0.30	-1.09

Correlation

The correlation between IB1T.DE and IBIT is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

IB1T.DE vs. IBIT - Dividend Comparison

Neither IB1T.DE nor IBIT has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

IB1T.DE vs. IBIT - Drawdown Comparison

The maximum IB1T.DE drawdown since its inception was -49.39%, roughly equal to the maximum IBIT drawdown of -49.64%. Use the drawdown chart below to compare losses from any high point for IB1T.DE and IBIT.

Drawdown Indicators

	IB1T.DE	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-49.39%	-49.36%	-0.03%
Max Drawdown (1Y) Largest decline over 1 year	-49.39%	-49.36%	-0.03%
Current Drawdown Current decline from peak	-44.69%	-45.80%	+1.11%
Average Drawdown Average peak-to-trough decline	-17.25%	-14.18%	-3.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.00%	23.27%	-0.27%

Volatility

IB1T.DE vs. IBIT - Volatility Comparison

iShares Bitcoin ETP (IB1T.DE) and iShares Bitcoin Trust ETF (IBIT) have volatilities of 13.11% and 12.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IB1T.DE	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.11%	12.51%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	32.55%	36.63%	-4.08%
Volatility (1Y) Calculated over the trailing 1-year period	40.25%	45.76%	-5.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.76%	51.22%	-10.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.76%	51.22%	-10.46%