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IBIT vs. BITB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between IBIT and BITB is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


Performance

IBIT vs. BITB - Performance Comparison

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

60.00%70.00%80.00%90.00%100.00%110.00%120.00%130.00%December2025FebruaryMarchAprilMay
105.33%
105.09%
IBIT
BITB

Key characteristics

Sharpe Ratio

IBIT:

1.02

BITB:

1.02

Sortino Ratio

IBIT:

1.67

BITB:

1.67

Omega Ratio

IBIT:

1.20

BITB:

1.20

Calmar Ratio

IBIT:

1.93

BITB:

1.94

Martin Ratio

IBIT:

4.22

BITB:

4.24

Ulcer Index

IBIT:

12.90%

BITB:

12.87%

Daily Std Dev

IBIT:

53.73%

BITB:

53.42%

Max Drawdown

IBIT:

-28.22%

BITB:

-28.19%

Current Drawdown

IBIT:

-9.96%

BITB:

-9.91%

Returns By Period

The year-to-date returns for both stocks are quite close, with IBIT having a 3.07% return and BITB slightly lower at 3.01%.


IBIT

YTD

3.07%

1M

23.51%

6M

25.99%

1Y

52.18%

5Y*

N/A

10Y*

N/A

BITB

YTD

3.01%

1M

23.45%

6M

26.10%

1Y

52.44%

5Y*

N/A

10Y*

N/A

*Annualized

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IBIT vs. BITB - Expense Ratio Comparison

IBIT has a 0.25% expense ratio, which is higher than BITB's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


Risk-Adjusted Performance

IBIT vs. BITB — Risk-Adjusted Performance Rank

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

IBIT
The Risk-Adjusted Performance Rank of IBIT is 8383
Overall Rank
The Sharpe Ratio Rank of IBIT is 8181
Sharpe Ratio Rank
The Sortino Ratio Rank of IBIT is 8484
Sortino Ratio Rank
The Omega Ratio Rank of IBIT is 7979
Omega Ratio Rank
The Calmar Ratio Rank of IBIT is 9292
Calmar Ratio Rank
The Martin Ratio Rank of IBIT is 8181
Martin Ratio Rank

BITB
The Risk-Adjusted Performance Rank of BITB is 8383
Overall Rank
The Sharpe Ratio Rank of BITB is 8181
Sharpe Ratio Rank
The Sortino Ratio Rank of BITB is 8484
Sortino Ratio Rank
The Omega Ratio Rank of BITB is 7979
Omega Ratio Rank
The Calmar Ratio Rank of BITB is 9292
Calmar Ratio Rank
The Martin Ratio Rank of BITB is 8181
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

IBIT vs. BITB - Risk-Adjusted Performance Comparison

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


The current IBIT Sharpe Ratio is 1.02, which is comparable to the BITB Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of IBIT and BITB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.00Jan 19Jan 26Feb 02Feb 09Feb 16Feb 23Mar 02Mar 09Mar 16Mar 23Mar 30Apr 06Apr 13Apr 20Apr 27May 04
1.02
1.02
IBIT
BITB

Dividends

IBIT vs. BITB - Dividend Comparison

Neither IBIT nor BITB has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

IBIT vs. BITB - Drawdown Comparison

The maximum IBIT drawdown since its inception was -28.22%, roughly equal to the maximum BITB drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for IBIT and BITB. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-9.96%
-9.91%
IBIT
BITB

Volatility

IBIT vs. BITB - Volatility Comparison

iShares Bitcoin Trust (IBIT) and Bitwise Bitcoin ETF (BITB) have volatilities of 11.98% and 11.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


8.00%10.00%12.00%14.00%16.00%18.00%20.00%December2025FebruaryMarchAprilMay
11.98%
11.68%
IBIT
BITB