IBDT vs. IBIT
IBDT (iShares iBonds Dec 2028 Term Corporate ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IBDT is a Corporate Bonds fund tracking the Bloomberg December 2028 Maturity Corporate 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, IBDT returned 4.55% vs -38.74% for IBIT. At a 0.04 correlation, their price movements are largely independent. IBDT charges 0.10%/yr vs 0.25%/yr for IBIT.
Performance
IBDT vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IBDT achieves a 0.78% return, which is significantly higher than IBIT's -25.48% return.
IBDT
- 1D
- -0.06%
- 1M
- 0.27%
- YTD
- 0.78%
- 6M
- 1.15%
- 1Y
- 4.55%
- 3Y*
- 5.51%
- 5Y*
- 1.39%
- 10Y*
- —
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBDT vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBDT iShares iBonds Dec 2028 Term Corporate ETF | 0.78% | 7.02% | 4.05% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between IBDT and IBIT is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.04 |
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Return for Risk
IBDT vs. IBIT — Risk / Return Rank
IBDT
IBIT
IBDT vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2028 Term Corporate ETF (IBDT) 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.
| IBDT | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.70 | ||
| Sortino ratioReturn per unit of downside risk | +5.73 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 0.86 | +0.73 |
| Calmar ratioReturn relative to maximum drawdown | 4.44 | -0.79 | +5.23 |
| Martin ratioReturn relative to average drawdown | 20.21 | -1.36 | +21.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBDT | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.81 | -0.89 | +3.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.30 | +0.32 |
Drawdowns
IBDT vs. IBIT - Drawdown Comparison
The maximum IBDT drawdown since its inception was -17.79%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for IBDT and IBIT.
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Drawdown Indicators
| IBDT | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.79% | -49.36% | +31.57% |
Max Drawdown (1Y)Largest decline over 1 year | -1.03% | -49.36% | +48.33% |
Max Drawdown (3Y)Largest decline over 3 years | -3.19% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.68% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | -48.10% | +48.01% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -16.02% | +11.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 28.44% | -28.21% |
Volatility
IBDT vs. IBIT - Volatility Comparison
The current volatility for iShares iBonds Dec 2028 Term Corporate ETF (IBDT) is 0.34%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that IBDT 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
| IBDT | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.34% | 9.50% | -9.16% |
Volatility (6M)Calculated over the trailing 6-month period | 1.04% | 34.44% | -33.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.62% | 43.73% | -42.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.07% | 50.19% | -45.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.37% | 50.19% | -43.82% |
IBDT vs. IBIT - Expense Ratio Comparison
IBDT 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
IBDT vs. IBIT - Dividend Comparison
IBDT's dividend yield for the trailing twelve months is around 4.55%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IBDT iShares iBonds Dec 2028 Term Corporate ETF | 4.55% | 4.56% | 4.67% | 4.10% | 3.25% | 2.45% | 2.80% | 3.32% | 1.47% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBDT and IBIT have a correlation of 0.13, 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 IBDT (0.34%). In terms of maximum drawdown, IBDT dropped -17.79% vs IBIT's -49.36%.
On 1-year performance, IBDT leads with 4.55% vs -38.74% for IBIT. On fees, IBDT is cheaper at 0.10% per year. On volatility, IBDT has been the lower-risk option at 0.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBDT has performed better with a 4.55% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBDT is cheaper with a 0.10% expense ratio, compared with 0.25% for IBIT.
IBDT has the higher dividend yield at 4.55%, compared with 0.00% for IBIT.
IBDT is categorized as Corporate Bonds, while IBIT is Cryptocurrency. IBDT tracks Bloomberg December 2028 Maturity Corporate Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.10% for IBDT and 0.25% for IBIT.
IBDT currently has the higher Sharpe Ratio (2.81 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.
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