IBHM vs. IBIT

Last updated Jun 5, 2026

IBHM (iShares iBonds 2033 Term High Yield and Income ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IBHM is a High Yield Bonds fund tracking the Bloomberg 2033 Term High Yield and Income Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. At a 0.44 correlation, their price movements are largely independent. IBHM charges 0.35%/yr vs 0.25%/yr for IBIT.

Performance

IBHM vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2033 Term High Yield and Income ETF (IBHM) and iShares Bitcoin Trust ETF (IBIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBHM

• 1D: 0.18%
• 1M: 0.27%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBIT

• 1D: -2.65%
• 1M: -22.17%
• YTD: -27.45%
• 6M: -31.40%
• 1Y: -39.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBHM vs. IBIT - Yearly Performance Comparison

	2026 (YTD)
IBHM iShares iBonds 2033 Term High Yield and Income ETF	2.83%
IBIT iShares Bitcoin Trust ETF	-7.21%

Correlation

The correlation between IBHM and IBIT is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 27, 2026	0.44

Return for Risk

IBHM vs. IBIT — Risk / Return Rank

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

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.

IBHM vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2033 Term High Yield and Income ETF (IBHM) 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.

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

Sharpe Ratios by Period

	IBHM	IBIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.97	0.27	+2.70

Drawdowns

IBHM vs. IBIT - Drawdown Comparison

The maximum IBHM drawdown since its inception was -1.67%, smaller than the maximum IBIT drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for IBHM and IBIT.

Drawdown Indicators

	IBHM	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-1.67%	-49.47%	+47.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-49.47%	—
Current Drawdown Current decline from peak	-0.30%	-49.47%	+49.17%
Average Drawdown Average peak-to-trough decline	-0.43%	-16.07%	+15.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.61%	—

Volatility

Volatility by Period

	IBHM	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.37%	43.76%	-38.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.37%	50.18%	-44.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.37%	50.18%	-44.81%

IBHM vs. IBIT - Expense Ratio Comparison

IBHM has a 0.35% expense ratio, which is higher than IBIT's 0.25% expense ratio.

Dividends

IBHM vs. IBIT - Dividend Comparison

IBHM's dividend yield for the trailing twelve months is around 1.08%, while IBIT has not paid dividends to shareholders.

Position	TTM
IBHM iShares iBonds 2033 Term High Yield and Income ETF	1.08%
IBIT iShares Bitcoin Trust ETF	0.00%

Frequently Asked Questions

Can I hold both IBHM and IBIT in my portfolio?

IBHM 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.

Which ETF is better, IBHM or IBIT?

On fees, IBIT is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBHM or IBIT?

IBIT is cheaper with a 0.25% expense ratio, compared with 0.35% for IBHM.

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

IBHM has the higher dividend yield at 1.08%, compared with 0.00% for IBIT.

What is the main difference between IBHM and IBIT?

IBHM is categorized as High Yield Bonds, while IBIT is Cryptocurrency. IBHM tracks Bloomberg 2033 Term High Yield and Income Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.35% for IBHM and 0.25% for IBIT.