IBAT vs. IBIT
IBAT (iShares Energy Storage & Materials ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IBAT is a Alternative Energy Equities fund tracking the STOXX Global Energy Storage and Materials, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, IBAT returned 118.21% vs -39.82% for IBIT. At a 0.37 correlation, their price movements are largely independent. IBAT charges 0.47%/yr vs 0.25%/yr for IBIT.
Performance
IBAT vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IBAT achieves a 57.07% return, which is significantly higher than IBIT's -28.88% return.
IBAT
- 1D
- -6.13%
- 1M
- -0.00%
- YTD
- 57.07%
- 6M
- 55.05%
- 1Y
- 118.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -3.26%
- 1M
- -17.81%
- YTD
- -28.88%
- 6M
- -28.88%
- 1Y
- -39.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBAT vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBAT iShares Energy Storage & Materials ETF | 57.07% | 32.09% | -13.29% |
IBIT iShares Bitcoin Trust ETF | -28.88% | -6.41% | 41.28% |
Correlation
The correlation between IBAT and IBIT is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2024 | 0.37 |
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Return for Risk
IBAT vs. IBIT — Risk / Return Rank
IBAT
IBIT
IBAT vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Energy Storage & Materials ETF (IBAT) 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.
| IBAT | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.01 | ||
| Sortino ratioReturn per unit of downside risk | +5.53 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 0.86 | +0.74 |
| Calmar ratioReturn relative to maximum drawdown | 8.67 | -0.77 | +9.44 |
| Martin ratioReturn relative to average drawdown | 24.09 | -1.30 | +25.39 |
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Drawdowns
IBAT vs. IBIT - Drawdown Comparison
The maximum IBAT drawdown since its inception was -28.26%, smaller than the maximum IBIT drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for IBAT and IBIT.
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Drawdown Indicators
| IBAT | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.26% | -52.11% | +23.85% |
Max Drawdown (1Y)Largest decline over 1 year | -13.71% | -52.11% | +38.40% |
Current DrawdownCurrent decline from peak | -6.13% | -50.47% | +44.34% |
Average DrawdownAverage peak-to-trough decline | -7.70% | -16.85% | +9.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.93% | 30.58% | -25.65% |
Volatility
IBAT vs. IBIT - Volatility Comparison
iShares Energy Storage & Materials ETF (IBAT) has a higher volatility of 14.59% compared to iShares Bitcoin Trust ETF (IBIT) at 13.18%. This indicates that IBAT's price experiences larger fluctuations and is considered to be riskier 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
| IBAT | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.59% | 13.18% | +1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 23.56% | 34.64% | -11.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.95% | 44.31% | -15.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.02% | 50.22% | -25.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.02% | 50.22% | -25.20% |
IBAT vs. IBIT - Expense Ratio Comparison
IBAT has a 0.47% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
IBAT vs. IBIT - Dividend Comparison
IBAT's dividend yield for the trailing twelve months is around 0.68%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IBAT iShares Energy Storage & Materials ETF | 0.68% | 1.15% | 1.37% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBAT and IBIT have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBAT has higher volatility (14.59%) compared to IBIT (13.18%). In terms of maximum drawdown, IBAT dropped -28.26% vs IBIT's -52.11%.
On 1-year performance, IBAT leads with 118.21% vs -39.82% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 13.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBAT has performed better with a 118.21% return vs -39.82%. 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 0.47% for IBAT.
IBAT has the higher dividend yield at 0.68%, compared with 0.00% for IBIT.
IBAT is categorized as Alternative Energy Equities, while IBIT is Cryptocurrency. IBAT tracks STOXX Global Energy Storage and Materials, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.47% for IBAT and 0.25% for IBIT.
IBAT currently has the higher Sharpe Ratio (4.11 vs -0.90), 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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