IBDO vs. IBIT

Last updated Jun 24, 2026

IBDO (iShares iBonds Dec 2023 Term Corporate ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IBDO is a Corporate Bonds fund tracking the Bloomberg December 2023 Maturity Corporate Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. IBDO charges 0.10%/yr vs 0.25%/yr for IBIT.

Performance

IBDO vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2023 Term Corporate ETF (IBDO) and iShares Bitcoin Trust ETF (IBIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBDO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBIT

• 1D: -3.26%
• 1M: -17.81%
• YTD: -28.88%
• 6M: -28.88%
• 1Y: -39.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBDO vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IBDO iShares iBonds Dec 2023 Term Corporate ETF	0.00%	0.00%	0.00%
IBIT iShares Bitcoin Trust ETF	-28.88%	-6.41%	89.87%

Return for Risk

IBDO vs. IBIT — Risk / Return Rank

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

IBDO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IBIT

IBIT Risk / Return Rank: 2
IBIT Sharpe Ratio Rank: 2
IBIT Sortino Ratio Rank: 2
IBIT Omega Ratio Rank: 2
IBIT Calmar Ratio Rank: 2
IBIT Martin Ratio Rank: 2

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.

IBDO vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2023 Term Corporate ETF (IBDO) 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.

	IBDO	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.90	—
Sortino ratio: Return per unit of downside risk	—	-1.25	—
Omega ratio: Gain probability vs. loss probability	—	0.86	—
Calmar ratio: Return relative to maximum drawdown	—	-0.77	—
Martin ratio: Return relative to average drawdown	—	-1.30	—

Drawdowns

Drawdown Indicators

	IBDO	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	—	-52.11%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-52.11%	—
Current Drawdown Current decline from peak	—	-50.47%	—
Average Drawdown Average peak-to-trough decline	—	-16.85%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	30.58%	—

Volatility

Volatility by Period

	IBDO	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.64%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	44.31%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	50.22%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	50.22%	—

IBDO vs. IBIT - Expense Ratio Comparison

IBDO has a 0.10% expense ratio, which is lower than IBIT's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IBDO vs. IBIT - Dividend Comparison

Neither IBDO nor IBIT has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBDO iShares iBonds Dec 2023 Term Corporate ETF	0.00%	0.00%	0.00%	3.61%	1.85%	2.04%	2.47%	3.01%	3.10%	2.96%	3.01%	2.39%
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

Which ETF is better, IBDO or IBIT?

On fees, IBDO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBDO or IBIT?

IBDO is cheaper with a 0.10% expense ratio, compared with 0.25% for IBIT.

Which ETF pays a higher dividend yield, IBDO or IBIT?

IBDO and IBIT have nearly identical dividend yields, around 0.00%.

What is the main difference between IBDO and IBIT?

IBDO is categorized as Corporate Bonds, while IBIT is Cryptocurrency. IBDO tracks Bloomberg December 2023 Maturity Corporate Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.10% for IBDO and 0.25% for IBIT.