IBDW vs. IBIT

Last updated Jun 4, 2026

IBDW (iShares iBonds Dec 2031 Term Corporate ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IBDW is a Corporate Bonds fund tracking the Bloomberg December 2031 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, IBDW returned 5.40% vs -38.74% for IBIT. At a 0.07 correlation, their price movements are largely independent. IBDW charges 0.10%/yr vs 0.25%/yr for IBIT.

Performance

IBDW vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2031 Term Corporate ETF (IBDW) and iShares Bitcoin Trust ETF (IBIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBDW achieves a 0.14% return, which is significantly higher than IBIT's -25.48% return.

IBDW

• 1D: -0.10%
• 1M: 0.11%
• YTD: 0.14%
• 6M: 0.26%
• 1Y: 5.40%
• 3Y*: 5.87%
• 5Y*: —
• 10Y*: —

IBIT

• 1D: -2.76%
• 1M: -18.50%
• YTD: -25.48%
• 6M: -29.84%
• 1Y: -38.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBDW vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IBDW iShares iBonds Dec 2031 Term Corporate ETF	0.14%	9.07%	3.51%
IBIT iShares Bitcoin Trust ETF	-25.48%	-6.41%	99.21%

Correlation

The correlation between IBDW and IBIT is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024	0.07

Return for Risk

IBDW vs. IBIT — Risk / Return Rank

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

IBDW

IBDW Risk / Return Rank: 46
IBDW Sharpe Ratio Rank: 45
IBDW Sortino Ratio Rank: 49
IBDW Omega Ratio Rank: 44
IBDW Calmar Ratio Rank: 46
IBDW Martin Ratio Rank: 46

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.

IBDW vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2031 Term Corporate ETF (IBDW) 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.

	IBDW	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	1.54	-0.89	+2.43
Sortino ratio: Return per unit of downside risk	2.34	-1.23	+3.56
Omega ratio: Gain probability vs. loss probability	1.27	0.86	+0.41
Calmar ratio: Return relative to maximum drawdown	2.24	-0.79	+3.03
Martin ratio: Return relative to average drawdown	7.54	-1.36	+8.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBDW vs. IBIT - Sharpe Ratio Comparison

The current IBDW Sharpe Ratio is 1.54, which is higher than the IBIT Sharpe Ratio of -0.89. The chart below compares the historical Sharpe Ratios of IBDW and IBIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IBDW	IBIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	-0.89	+2.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.30	-0.23

Drawdowns

IBDW vs. IBIT - Drawdown Comparison

The maximum IBDW drawdown since its inception was -23.87%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for IBDW and IBIT.

Drawdown Indicators

	IBDW	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-23.87%	-49.36%	+25.49%
Max Drawdown (1Y) Largest decline over 1 year	-2.42%	-49.36%	+46.94%
Max Drawdown (3Y) Largest decline over 3 years	-6.61%	—	—
Current Drawdown Current decline from peak	-1.13%	-48.10%	+46.97%
Average Drawdown Average peak-to-trough decline	-9.47%	-16.02%	+6.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.72%	28.44%	-27.72%

Volatility

IBDW vs. IBIT - Volatility Comparison

The current volatility for iShares iBonds Dec 2031 Term Corporate ETF (IBDW) is 1.02%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that IBDW 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.

Volatility by Period

	IBDW	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.02%	9.50%	-8.48%
Volatility (6M) Calculated over the trailing 6-month period	2.42%	34.44%	-32.02%
Volatility (1Y) Calculated over the trailing 1-year period	3.52%	43.73%	-40.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.26%	50.19%	-42.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.26%	50.19%	-42.93%

IBDW vs. IBIT - Expense Ratio Comparison

IBDW 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

IBDW vs. IBIT - Dividend Comparison

IBDW's dividend yield for the trailing twelve months is around 4.79%, while IBIT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
IBDW iShares iBonds Dec 2031 Term Corporate ETF	4.79%	4.78%	5.00%	4.50%	3.70%	1.10%
IBIT iShares Bitcoin Trust ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBDW and IBIT in my portfolio?

IBDW and IBIT have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBDW or IBIT?

IBIT has higher volatility (9.50%) compared to IBDW (1.02%). In terms of maximum drawdown, IBDW dropped -23.87% vs IBIT's -49.36%.

Which ETF is better, IBDW or IBIT?

On 1-year performance, IBDW leads with 5.40% vs -38.74% for IBIT. On fees, IBDW is cheaper at 0.10% per year. On volatility, IBDW has been the lower-risk option at 1.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBDW or IBIT?

Over the 1-year period, IBDW has performed better with a 5.40% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBDW or IBIT?

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

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

IBDW has the higher dividend yield at 4.79%, compared with 0.00% for IBIT.

What is the main difference between IBDW and IBIT?

IBDW is categorized as Corporate Bonds, while IBIT is Cryptocurrency. IBDW tracks Bloomberg December 2031 Maturity Corporate Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.10% for IBDW and 0.25% for IBIT.

Which has better risk-adjusted returns?

IBDW currently has the higher Sharpe Ratio (1.54 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.