IBIT vs. BBAI
IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while BBAI (BigBear.ai Holdings, Inc.) is a stock. Over the past year, IBIT returned -39.44% vs 11.95% for BBAI. At a 0.34 correlation, their price movements are largely independent.
Performance
IBIT vs. BBAI - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -27.71% return, which is significantly lower than BBAI's -20.19% return.
IBIT
- 1D
- 5.13%
- 1M
- -21.03%
- YTD
- -27.71%
- 6M
- -30.34%
- 1Y
- -39.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BBAI
- 1D
- 2.62%
- 1M
- 3.11%
- YTD
- -20.19%
- 6M
- -34.30%
- 1Y
- 11.95%
- 3Y*
- 28.32%
- 5Y*
- —
- 10Y*
- —
IBIT vs. BBAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.71% | -6.41% | 89.87% |
BBAI BigBear.ai Holdings, Inc. | -20.19% | 21.35% | 116.02% |
Correlation
The correlation between IBIT and BBAI is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.34 |
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Return for Risk
IBIT vs. BBAI — Risk / Return Rank
IBIT
BBAI
IBIT vs. BBAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and BigBear.ai Holdings, Inc. (BBAI). 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.
| IBIT | BBAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.10 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 0.18 | -0.94 |
| Martin ratioReturn relative to average drawdown | -1.36 | 0.31 | -1.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBIT | BBAI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.90 | 0.12 | -1.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | -0.08 | +0.35 |
Drawdowns
IBIT vs. BBAI - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, smaller than the maximum BBAI drawdown of -95.01%. Use the drawdown chart below to compare losses from any high point for IBIT and BBAI.
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Drawdown Indicators
| IBIT | BBAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -95.01% | +42.90% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -65.88% | +13.77% |
Max Drawdown (3Y)Largest decline over 3 years | — | -75.56% | — |
Current DrawdownCurrent decline from peak | -49.66% | -66.04% | +16.38% |
Average DrawdownAverage peak-to-trough decline | -16.19% | -70.87% | +54.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.97% | 38.69% | -9.72% |
Volatility
IBIT vs. BBAI - Volatility Comparison
The current volatility for iShares Bitcoin Trust ETF (IBIT) is 11.85%, while BigBear.ai Holdings, Inc. (BBAI) has a volatility of 24.69%. This indicates that IBIT experiences smaller price fluctuations and is considered to be less risky than BBAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | BBAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.85% | 24.69% | -12.84% |
Volatility (6M)Calculated over the trailing 6-month period | 34.60% | 56.30% | -21.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.28% | 97.07% | -52.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.32% | 174.91% | -124.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.32% | 174.91% | -124.59% |
Dividends
IBIT vs. BBAI - Dividend Comparison
Neither IBIT nor BBAI has paid dividends to shareholders.
Frequently Asked Questions
IBIT and BBAI have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBAI has higher volatility (24.69%) compared to IBIT (11.85%). In terms of maximum drawdown, IBIT dropped -52.11% vs BBAI's -95.01%.
BBAI currently has the higher Sharpe Ratio (0.12 vs -0.90), 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.
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