IBIJ vs. IBIT

Last updated Jul 21, 2026

IBIJ (iShares iBonds Oct 2033 Term TIPS ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IBIJ is a Inflation-Protected Bonds fund managed by iShares, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, IBIJ returned 3.74% vs -44.68% for IBIT. At a 0.03 correlation, their price movements are largely independent. IBIJ charges 0.10%/yr vs 0.25%/yr for IBIT.

Performance

IBIJ vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Oct 2033 Term TIPS ETF (IBIJ) 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, IBIJ achieves a 1.19% return, which is significantly higher than IBIT's -25.70% return.

IBIJ

• 1D: -0.14%
• 1M: 0.11%
• 6M: 1.17%
• YTD: 1.19%
• 1Y: 3.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.43%

IBIT

• 1D: 1.49%
• 1M: 3.57%
• 6M: -31.99%
• YTD: -25.70%
• 1Y: -44.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.65%

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

IBIJ vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IBIJ iShares iBonds Oct 2033 Term TIPS ETF	1.19%	8.59%	1.67%
IBIT iShares Bitcoin Trust ETF	-25.70%	-6.41%	89.87%

Correlation

The correlation between IBIJ and IBIT is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.03

Return for Risk

IBIJ vs. IBIT — Risk / Return Rank

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

IBIJ

IBIJ Risk / Return Rank: 37
IBIJ Sharpe Ratio Rank: 35
IBIJ Sortino Ratio Rank: 35
IBIJ Omega Ratio Rank: 32
IBIJ Calmar Ratio Rank: 42
IBIJ Martin Ratio Rank: 42

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.

IBIJ vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2033 Term TIPS ETF (IBIJ) 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.

	IBIJ	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	0.95	-1.01	+1.96
Sortino ratio: Return per unit of downside risk	1.41	-1.50	+2.90
Omega ratio: Gain probability vs. loss probability	1.17	0.83	+0.33
Calmar ratio: Return relative to maximum drawdown	1.62	-0.84	+2.46
Martin ratio: Return relative to average drawdown	4.93	-1.34	+6.26

IBIJ vs. IBIT - Sharpe Ratio Comparison

The current IBIJ Sharpe Ratio is 0.95, which is higher than the IBIT Sharpe Ratio of -1.01. The chart below compares the historical Sharpe Ratios of IBIJ 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

IBIJ vs. IBIT - Drawdown Comparison

The maximum IBIJ drawdown since its inception was -5.27%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for IBIJ and IBIT.

Drawdown Indicators

	IBIJ	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-5.27%	-53.30%	+48.03%
Max Drawdown (1Y) Largest decline over 1 year	-2.32%	-53.30%	+50.98%
Current Drawdown Current decline from peak	-1.02%	-48.25%	+47.23%
Average Drawdown Average peak-to-trough decline	-1.29%	-17.81%	+16.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.76%	33.42%	-32.66%

Volatility

IBIJ vs. IBIT - Volatility Comparison

The current volatility for iShares iBonds Oct 2033 Term TIPS ETF (IBIJ) is 1.14%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 10.67%. This indicates that IBIJ 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

	IBIJ	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.14%	10.67%	-9.53%
Volatility (6M) Calculated over the trailing 6-month period	2.92%	34.60%	-31.68%
Volatility (1Y) Calculated over the trailing 1-year period	3.96%	44.40%	-40.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.83%	49.85%	-44.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.83%	49.85%	-44.02%

IBIJ vs. IBIT - Expense Ratio Comparison

IBIJ 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

IBIJ vs. IBIT - Dividend Comparison

IBIJ's dividend yield for the trailing twelve months is around 5.49%, while IBIT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
IBIJ iShares iBonds Oct 2033 Term TIPS ETF	5.49%	4.66%	4.42%	0.60%
IBIT iShares Bitcoin Trust ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBIJ and IBIT in my portfolio?

IBIJ 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, IBIJ or IBIT?

IBIT has higher volatility (10.67%) compared to IBIJ (1.14%). In terms of maximum drawdown, IBIJ dropped -5.27% vs IBIT's -53.30%.

Which ETF is better, IBIJ or IBIT?

On 1-year performance, IBIJ leads with 3.74% vs -44.68% for IBIT. On fees, IBIJ is cheaper at 0.10% per year. On volatility, IBIJ has been the lower-risk option at 1.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBIJ or IBIT?

Over the 1-year period, IBIJ has performed better with a 3.74% return vs -44.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBIJ or IBIT?

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

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

IBIJ has the higher dividend yield at 5.49%, compared with 0.00% for IBIT.

What is the main difference between IBIJ and IBIT?

IBIJ is categorized as Inflation-Protected Bonds, while IBIT is Cryptocurrency. Their fees differ too: 0.10% for IBIJ and 0.25% for IBIT.

Which has better risk-adjusted returns?

IBIJ currently has the higher Sharpe Ratio (0.95 vs -1.01), 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.