IBDZ vs. IBIT

Last updated Aug 2, 2026

IBDZ (iShares iBonds Dec 2034 Term Corporate ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IBDZ is a Corporate Bonds fund tracking the iBonds Dec 2034 Term 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, IBDZ returned 2.21% vs -44.50% for IBIT. Their 0.09 correlation means their historical movements had little consistent relationship. IBDZ charges 0.10%/yr vs 0.25%/yr for IBIT.

Performance

IBDZ vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2034 Term Corporate ETF (IBDZ) 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, IBDZ achieves a -0.65% return, which is significantly higher than IBIT's -28.22% return.

IBDZ

• 1D: -0.23%
• 1M: -1.39%
• 6M: -0.80%
• YTD: -0.65%
• 1Y: 2.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.63%

IBIT

• 1D: -2.89%
• 1M: 2.21%
• 6M: -24.95%
• YTD: -28.22%
• 1Y: -44.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.01%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IBDZ iShares iBonds Dec 2034 Term Corporate ETF	$4.19M	$3.35M	$3.85M
IBIT iShares Bitcoin Trust ETF	$1.30B	$1.34B	$1.68B

IBDZ vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IBDZ iShares iBonds Dec 2034 Term Corporate ETF	-0.65%	8.84%	4.23%
IBIT iShares Bitcoin Trust ETF	-28.22%	-6.41%	38.62%

Correlation

The correlation between IBDZ and IBIT is 0.18, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.18
Correlation (All Time) Calculated using the full available price history since May 24, 2024	0.09

Return for Risk

IBDZ vs. IBIT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IBDZ

IBDZ Risk / Return Rank: 29
IBDZ Sharpe Ratio Rank: 29
IBDZ Sortino Ratio Rank: 28
IBDZ Omega Ratio Rank: 26
IBDZ Calmar Ratio Rank: 32
IBDZ Martin Ratio Rank: 32

IBIT

IBIT Risk / Return Rank: 1
IBIT Sharpe Ratio Rank: 1
IBIT Sortino Ratio Rank: 1
IBIT Omega Ratio Rank: 2
IBIT Calmar Ratio Rank: 2
IBIT Martin Ratio Rank: 1

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IBDZ vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2034 Term Corporate ETF (IBDZ) 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.

	IBDZ	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	0.70	-1.04	+1.74
Sortino ratio: Return per unit of downside risk	1.04	-1.57	+2.61
Omega ratio: Gain probability vs. loss probability	1.12	0.83	+0.29
Calmar ratio: Return relative to maximum drawdown	1.06	-0.87	+1.93
Martin ratio: Return relative to average drawdown	2.96	-1.34	+4.30

IBDZ vs. IBIT - Sharpe Ratio Comparison

The current IBDZ Sharpe Ratio is 0.70, which is higher than the IBIT Sharpe Ratio of -1.04. The chart below compares the historical Sharpe Ratios of IBDZ 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.

Drawdowns

IBDZ vs. IBIT - Drawdown Comparison

The maximum IBDZ drawdown since its inception was -5.57%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for IBDZ and IBIT.

Drawdown Indicators

	IBDZ	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-5.57%	-53.30%	+47.73%
Max Drawdown (1Y) Largest decline over 1 year	-3.04%	-53.30%	+50.26%
Current Drawdown Current decline from peak	-2.23%	-50.01%	+47.78%
Average Drawdown Average peak-to-trough decline	-1.29%	-18.24%	+16.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	34.66%	-33.57%

Volatility

IBDZ vs. IBIT - Volatility Comparison

The current volatility for iShares iBonds Dec 2034 Term Corporate ETF (IBDZ) is 1.13%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.21%. This indicates that IBDZ 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

	IBDZ	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.13%	9.21%	-8.08%
Volatility (6M) Calculated over the trailing 6-month period	3.46%	33.74%	-30.28%
Volatility (1Y) Calculated over the trailing 1-year period	4.64%	44.46%	-39.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.14%	49.60%	-43.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.14%	49.60%	-43.46%

IBDZ vs. IBIT - Expense Ratio Comparison

IBDZ 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

IBDZ vs. IBIT - Dividend Comparison

IBDZ's dividend yield for the trailing twelve months is around 4.93%, while IBIT has not paid dividends to shareholders.

Position	TTM	2025	2024
IBDZ iShares iBonds Dec 2034 Term Corporate ETF	4.51%	4.85%	2.50%
IBIT iShares Bitcoin Trust ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBDZ and IBIT in my portfolio?

IBDZ and IBIT have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBDZ or IBIT?

IBIT has higher volatility (9.21%) compared to IBDZ (1.13%). In terms of maximum drawdown, IBDZ dropped -5.57% vs IBIT's -53.30%.

Which ETF is better, IBDZ or IBIT?

On 1-year performance, IBDZ leads with 2.21% vs -44.50% for IBIT. On fees, IBDZ is cheaper at 0.10% per year. On volatility, IBDZ has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBDZ or IBIT?

Over the 1-year period, IBDZ has performed better with a 2.21% return vs -44.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBDZ or IBIT?

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

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

IBDZ has the higher dividend yield at 4.51%, compared with 0.00% for IBIT.

What is the main difference between IBDZ and IBIT?

IBDZ is categorized as Corporate Bonds, while IBIT is Cryptocurrency. IBDZ tracks iBonds Dec 2034 Term Corporate Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.10% for IBDZ and 0.25% for IBIT.

Which has better risk-adjusted returns?

IBDZ currently has the higher Sharpe Ratio (0.70 vs -1.04), 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.