IBIT vs. BNDX
IBIT (iShares Bitcoin Trust ETF) and BNDX (Vanguard Total International Bond ETF) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while BNDX is a Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). Both are passively managed. Over the past year, IBIT returned -39.67% vs 2.27% for BNDX. At a 0.05 correlation, their price movements are largely independent. IBIT charges 0.25%/yr vs 0.07%/yr for BNDX.
Performance
IBIT vs. BNDX - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -27.41% return, which is significantly lower than BNDX's 1.02% return.
IBIT
- 1D
- -0.03%
- 1M
- -21.94%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNDX
- 1D
- 0.17%
- 1M
- 0.85%
- YTD
- 1.02%
- 6M
- 1.22%
- 1Y
- 2.27%
- 3Y*
- 4.32%
- 5Y*
- 0.32%
- 10Y*
- 1.72%
IBIT vs. BNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
BNDX Vanguard Total International Bond ETF | 1.02% | 2.86% | 4.57% |
Correlation
The correlation between IBIT and BNDX is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.05 |
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Return for Risk
IBIT vs. BNDX — Risk / Return Rank
IBIT
BNDX
IBIT vs. BNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and Vanguard Total International Bond ETF (BNDX). 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 | BNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.10 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 0.66 | -1.44 |
| Martin ratioReturn relative to average drawdown | -1.37 | 1.84 | -3.22 |
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Drawdowns
IBIT vs. BNDX - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for IBIT and BNDX.
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Drawdown Indicators
| IBIT | BNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -16.23% | -35.88% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -2.93% | -49.18% |
Max Drawdown (3Y)Largest decline over 3 years | — | -2.93% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.86% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.23% | — |
Current DrawdownCurrent decline from peak | -49.45% | -1.02% | -48.43% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -3.10% | -13.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 1.05% | +28.59% |
Volatility
IBIT vs. BNDX - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 12.07% compared to Vanguard Total International Bond ETF (BNDX) at 1.49%. This indicates that IBIT's price experiences larger fluctuations and is considered to be riskier than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | BNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 1.49% | +10.58% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 2.96% | +31.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 3.47% | +40.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 4.89% | +45.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 4.10% | +46.16% |
IBIT vs. BNDX - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is higher than BNDX's 0.07% 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%.
Dividends
IBIT vs. BNDX - Dividend Comparison
IBIT has not paid dividends to shareholders, while BNDX's dividend yield for the trailing twelve months is around 4.47%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.47% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
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
IBIT and BNDX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (12.07%) compared to BNDX (1.49%). In terms of maximum drawdown, IBIT dropped -52.11% vs BNDX's -16.23%.
On 1-year performance, BNDX leads with 2.27% vs -39.67% for IBIT. On fees, BNDX is cheaper at 0.07% per year. On volatility, BNDX has been the lower-risk option at 1.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BNDX has performed better with a 2.27% return vs -39.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BNDX is cheaper with a 0.07% expense ratio, compared with 0.25% for IBIT.
BNDX has the higher dividend yield at 4.47%, compared with 0.00% for IBIT.
IBIT is categorized as Cryptocurrency, while BNDX is Global Bonds. IBIT tracks CME CF Bitcoin Reference Rate - New York Variant, while BNDX tracks Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.25% for IBIT and 0.07% for BNDX.
BNDX currently has the higher Sharpe Ratio (0.56 vs -0.92), 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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