IBIT vs. BRK-B
IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past year, IBIT returned -39.44% vs -1.32% for BRK-B. At a 0.06 correlation, their price movements are largely independent.
Performance
IBIT vs. BRK-B - 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 BRK-B's -3.11% return.
IBIT
- 1D
- 5.13%
- 1M
- -21.03%
- YTD
- -27.71%
- 6M
- -30.34%
- 1Y
- -39.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BRK-B
- 1D
- -0.23%
- 1M
- 2.32%
- YTD
- -3.11%
- 6M
- -2.06%
- 1Y
- -1.32%
- 3Y*
- 13.25%
- 5Y*
- 11.03%
- 10Y*
- 13.14%
IBIT vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.71% | -6.41% | 89.87% |
BRK-B Berkshire Hathaway Inc. | -3.11% | 10.89% | 23.20% |
Correlation
The correlation between IBIT and BRK-B is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.06 |
The correlation between IBIT and BRK-B shifts across timeframes, from -0.16 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBIT vs. BRK-B — Risk / Return Rank
IBIT
BRK-B
IBIT vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and Berkshire Hathaway Inc. (BRK-B). 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 | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.00 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.14 | -0.62 |
| Martin ratioReturn relative to average drawdown | -1.36 | -0.30 | -1.07 |
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 | BRK-B | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.90 | -0.09 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.48 | -0.22 |
Drawdowns
IBIT vs. BRK-B - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, roughly equal to the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for IBIT and BRK-B.
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Drawdown Indicators
| IBIT | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -53.86% | +1.75% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -9.42% | -42.69% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.57% | — |
Current DrawdownCurrent decline from peak | -49.66% | -9.78% | -39.88% |
Average DrawdownAverage peak-to-trough decline | -16.19% | -11.07% | -5.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.97% | 4.49% | +24.48% |
Volatility
IBIT vs. BRK-B - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 11.85% compared to Berkshire Hathaway Inc. (BRK-B) at 3.98%. This indicates that IBIT's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.85% | 3.98% | +7.87% |
Volatility (6M)Calculated over the trailing 6-month period | 34.60% | 10.87% | +23.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.28% | 14.38% | +29.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.32% | 17.13% | +33.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.32% | 19.44% | +30.88% |
Dividends
IBIT vs. BRK-B - Dividend Comparison
Neither IBIT nor BRK-B has paid dividends to shareholders.
Frequently Asked Questions
IBIT and BRK-B have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (11.85%) compared to BRK-B (3.98%). In terms of maximum drawdown, IBIT dropped -52.11% vs BRK-B's -53.86%.
BRK-B currently has the higher Sharpe Ratio (-0.09 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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