IBIT vs. BTC-USD
Compare and contrast key facts about iShares Bitcoin Trust (IBIT) and Bitcoin (BTC-USD).
IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBIT or BTC-USD.
Correlation
The correlation between IBIT and BTC-USD is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IBIT vs. BTC-USD - Performance Comparison
Key characteristics
IBIT:
0.64
BTC-USD:
1.23
IBIT:
1.26
BTC-USD:
1.88
IBIT:
1.14
BTC-USD:
1.19
IBIT:
1.24
BTC-USD:
0.93
IBIT:
2.75
BTC-USD:
5.56
IBIT:
12.74%
BTC-USD:
11.16%
IBIT:
54.56%
BTC-USD:
42.49%
IBIT:
-28.22%
BTC-USD:
-93.07%
IBIT:
-20.53%
BTC-USD:
-19.86%
Returns By Period
The year-to-date returns for both investments are quite close, with IBIT having a -9.03% return and BTC-USD slightly higher at -8.95%.
IBIT
-9.03%
1.17%
23.52%
31.61%
N/A
N/A
BTC-USD
-8.95%
1.21%
23.28%
30.88%
65.40%
80.16%
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Risk-Adjusted Performance
IBIT vs. BTC-USD — Risk-Adjusted Performance Rank
IBIT
BTC-USD
IBIT vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust (IBIT) and Bitcoin (BTC-USD). 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.
Drawdowns
IBIT vs. BTC-USD - Drawdown Comparison
The maximum IBIT drawdown since its inception was -28.22%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for IBIT and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
IBIT vs. BTC-USD - Volatility Comparison
iShares Bitcoin Trust (IBIT) has a higher volatility of 16.35% compared to Bitcoin (BTC-USD) at 14.97%. This indicates that IBIT's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.