IBIT vs. ACWI

Last updated Aug 5, 2026

IBIT (iShares Bitcoin Trust ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. Over the past year, IBIT returned -44.19% vs 25.29% for ACWI. Their 0.42 correlation means their historical movements had little consistent relationship. IBIT charges 0.25%/yr vs 0.32%/yr for ACWI.

Performance

IBIT vs. ACWI - Performance Comparison

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

Returns By Period

In the year-to-date period, IBIT achieves a -26.71% return, which is significantly lower than ACWI's 14.26% return.

IBIT

• 1D: 0.64%
• 1M: 4.36%
• 6M: -15.96%
• YTD: -26.71%
• 1Y: -44.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.86%

ACWI

• 1D: 1.70%
• 1M: 2.87%
• 6M: 11.09%
• YTD: 14.26%
• 1Y: 25.29%
• 3Y*: 20.43%
• 5Y*: 11.19%
• 10Y*: 12.70%
• ALL TIME*: 8.62%

*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)
ACWI iShares MSCI ACWI ETF	$393.85M	$471.51M	$504.89M
IBIT iShares Bitcoin Trust ETF	$1.29B	$1.33B	$1.64B

IBIT vs. ACWI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IBIT iShares Bitcoin Trust ETF	-26.71%	-6.41%	89.87%
ACWI iShares MSCI ACWI ETF	14.26%	22.41%	18.01%

Correlation

The correlation between IBIT and ACWI is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.49
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.42

Return for Risk

IBIT vs. ACWI — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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

ACWI

ACWI Risk / Return Rank: 71
ACWI Sharpe Ratio Rank: 70
ACWI Sortino Ratio Rank: 69
ACWI Omega Ratio Rank: 69
ACWI Calmar Ratio Rank: 67
ACWI Martin Ratio Rank: 77

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.

IBIT vs. ACWI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and iShares MSCI ACWI ETF (ACWI). 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.

	IBIT	ACWI	Difference
Sharpe ratio: Return per unit of total volatility	-1.00	1.82	-2.81
Sortino ratio: Return per unit of downside risk	-1.47	2.52	-3.99
Omega ratio: Gain probability vs. loss probability	0.84	1.33	-0.49
Calmar ratio: Return relative to maximum drawdown	-0.83	2.61	-3.44
Martin ratio: Return relative to average drawdown	-1.27	10.90	-12.17

IBIT vs. ACWI - Sharpe Ratio Comparison

The current IBIT Sharpe Ratio is -1.00, which is lower than the ACWI Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of IBIT and ACWI, 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

IBIT vs. ACWI - Drawdown Comparison

The maximum IBIT drawdown since its inception was -53.30%, roughly equal to the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for IBIT and ACWI.

Drawdown Indicators

	IBIT	ACWI	Difference
Max Drawdown Largest peak-to-trough decline	-53.30%	-56.00%	+2.70%
Max Drawdown (1Y) Largest decline over 1 year	-53.30%	-9.73%	-43.57%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.55%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.53%	—
Current Drawdown Current decline from peak	-48.95%	0.00%	-48.95%
Average Drawdown Average peak-to-trough decline	-18.34%	-8.55%	-9.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.94%	2.33%	+32.61%

Volatility

IBIT vs. ACWI - Volatility Comparison

iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 8.29% compared to iShares MSCI ACWI ETF (ACWI) at 4.32%. This indicates that IBIT's price experiences larger fluctuations and is considered to be riskier than ACWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBIT	ACWI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.29%	4.32%	+3.97%
Volatility (6M) Calculated over the trailing 6-month period	33.07%	11.81%	+21.26%
Volatility (1Y) Calculated over the trailing 1-year period	44.40%	14.06%	+30.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.53%	16.25%	+33.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.53%	17.08%	+32.45%

IBIT vs. ACWI - Expense Ratio Comparison

IBIT has a 0.25% expense ratio, which is lower than ACWI's 0.32% expense ratio.

Dividends

IBIT vs. ACWI - Dividend Comparison

IBIT has not paid dividends to shareholders, while ACWI's dividend yield for the trailing twelve months is around 1.40%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACWI iShares MSCI ACWI ETF	1.40%	1.55%	1.70%	1.88%	1.79%	1.71%	1.43%	2.33%	2.18%	1.94%	2.19%	2.56%
IBIT iShares Bitcoin Trust ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBIT and ACWI in my portfolio?

IBIT and ACWI have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBIT or ACWI?

IBIT has higher volatility (8.29%) compared to ACWI (4.32%). In terms of maximum drawdown, IBIT dropped -53.30% vs ACWI's -56.00%.

Which ETF is better, IBIT or ACWI?

On 1-year performance, ACWI leads with 25.29% vs -44.19% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, ACWI has been the lower-risk option at 4.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBIT or ACWI?

Over the 1-year period, ACWI has performed better with a 25.29% return vs -44.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBIT or ACWI?

IBIT is cheaper with a 0.25% expense ratio, compared with 0.32% for ACWI.

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

ACWI has the higher dividend yield at 1.40%, compared with 0.00% for IBIT.

What is the main difference between IBIT and ACWI?

IBIT is categorized as Cryptocurrency, while ACWI is Global Equities. IBIT tracks CME CF Bitcoin Reference Rate - New York Variant, while ACWI tracks MSCI All Country World Index. Their fees differ too: 0.25% for IBIT and 0.32% for ACWI.

Which has better risk-adjusted returns?

ACWI currently has the higher Sharpe Ratio (1.82 vs -1.00), 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.