IBIH vs. IBIT

Last updated Aug 4, 2026

IBIH (iShares iBonds Oct 2031 Term TIPS ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IBIH is a Inflation-Protected Bonds fund tracking the ICE 2031 Maturity US Inflation-Linked Treasury 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, IBIH returned 2.27% vs -43.69% for IBIT. Their 0.03 correlation means their historical movements had little consistent relationship. IBIH charges 0.10%/yr vs 0.25%/yr for IBIT.

Performance

IBIH vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Oct 2031 Term TIPS ETF (IBIH) 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, IBIH achieves a 1.12% return, which is significantly higher than IBIT's -27.17% return.

IBIH

• 1D: 0.07%
• 1M: -0.18%
• 6M: 0.59%
• YTD: 1.12%
• 1Y: 2.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.54%

IBIT

• 1D: 1.46%
• 1M: 3.70%
• 6M: -18.23%
• YTD: -27.17%
• 1Y: -43.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.60%

*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)
IBIH iShares iBonds Oct 2031 Term TIPS ETF	$436.09K	$430.66K	$433.48K
IBIT iShares Bitcoin Trust ETF	$1.33B	$1.34B	$1.65B

IBIH vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IBIH iShares iBonds Oct 2031 Term TIPS ETF	1.12%	8.47%	2.53%
IBIT iShares Bitcoin Trust ETF	-27.17%	-6.41%	89.87%

Correlation

The correlation between IBIH and IBIT is 0.12, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.12
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.03

Return for Risk

IBIH vs. IBIT — Risk / Return Rank

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

IBIH

IBIH Risk / Return Rank: 31
IBIH Sharpe Ratio Rank: 29
IBIH Sortino Ratio Rank: 28
IBIH Omega Ratio Rank: 26
IBIH Calmar Ratio Rank: 36
IBIH Martin Ratio Rank: 34

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: 3

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.

IBIH vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2031 Term TIPS ETF (IBIH) 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.

	IBIH	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	0.75	-0.99	+1.74
Sortino ratio: Return per unit of downside risk	1.09	-1.44	+2.54
Omega ratio: Gain probability vs. loss probability	1.13	0.84	+0.29
Calmar ratio: Return relative to maximum drawdown	1.34	-0.82	+2.16
Martin ratio: Return relative to average drawdown	3.55	-1.26	+4.81

IBIH vs. IBIT - Sharpe Ratio Comparison

The current IBIH Sharpe Ratio is 0.75, which is higher than the IBIT Sharpe Ratio of -0.99. The chart below compares the historical Sharpe Ratios of IBIH 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

IBIH vs. IBIT - Drawdown Comparison

The maximum IBIH drawdown since its inception was -3.94%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for IBIH and IBIT.

Drawdown Indicators

	IBIH	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-3.94%	-53.30%	+49.36%
Max Drawdown (1Y) Largest decline over 1 year	-1.70%	-53.30%	+51.60%
Current Drawdown Current decline from peak	-1.10%	-49.28%	+48.18%
Average Drawdown Average peak-to-trough decline	-0.96%	-18.29%	+17.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.64%	34.80%	-34.16%

Volatility

IBIH vs. IBIT - Volatility Comparison

The current volatility for iShares iBonds Oct 2031 Term TIPS ETF (IBIH) is 0.68%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.98%. This indicates that IBIH 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

	IBIH	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.68%	8.98%	-8.30%
Volatility (6M) Calculated over the trailing 6-month period	2.37%	33.79%	-31.42%
Volatility (1Y) Calculated over the trailing 1-year period	3.05%	44.48%	-41.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.86%	49.57%	-44.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.86%	49.57%	-44.71%

IBIH vs. IBIT - Expense Ratio Comparison

IBIH 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

IBIH vs. IBIT - Dividend Comparison

IBIH's dividend yield for the trailing twelve months is around 4.97%, while IBIT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
IBIH iShares iBonds Oct 2031 Term TIPS ETF	4.97%	4.68%	4.34%	0.70%
IBIT iShares Bitcoin Trust ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBIH and IBIT in my portfolio?

IBIH and IBIT have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBIH or IBIT?

IBIT has higher volatility (8.98%) compared to IBIH (0.68%). In terms of maximum drawdown, IBIH dropped -3.94% vs IBIT's -53.30%.

Which ETF is better, IBIH or IBIT?

On 1-year performance, IBIH leads with 2.27% vs -43.69% for IBIT. On fees, IBIH is cheaper at 0.10% per year. On volatility, IBIH has been the lower-risk option at 0.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBIH or IBIT?

Over the 1-year period, IBIH has performed better with a 2.27% return vs -43.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBIH or IBIT?

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

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

IBIH has the higher dividend yield at 4.97%, compared with 0.00% for IBIT.

What is the main difference between IBIH and IBIT?

IBIH is categorized as Inflation-Protected Bonds, while IBIT is Cryptocurrency. IBIH tracks ICE 2031 Maturity US Inflation-Linked Treasury Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.10% for IBIH and 0.25% for IBIT.

Which has better risk-adjusted returns?

IBIH currently has the higher Sharpe Ratio (0.75 vs -0.99), 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.