IBIT vs. BTC-USD
IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, IBIT returned -44.14% vs -43.77% for BTC-USD. A 0.72 correlation means they provide meaningful diversification when combined.
Performance
IBIT vs. BTC-USD - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IBIT having a -29.77% return and BTC-USD slightly lower at -30.02%.
IBIT
- 1D
- 2.56%
- 1M
- -8.36%
- 6M
- -29.77%
- YTD
- -29.77%
- 1Y
- -44.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- 2.12%
- 1M
- -8.14%
- 6M
- -31.00%
- YTD
- -30.02%
- 1Y
- -43.77%
- 3Y*
- 25.25%
- 5Y*
- 12.04%
- 10Y*
- 56.79%
IBIT vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -29.77% | -6.41% | 89.87% |
BTC-USD Bitcoin | -30.02% | -6.27% | 100.05% |
Correlation
The correlation between IBIT and BTC-USD is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.72 |
The correlation between IBIT and BTC-USD has been stable across timeframes, ranging from 0.72 to 0.73 - a consistent structural relationship.
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Return for Risk
IBIT vs. BTC-USD — Risk / Return Rank
IBIT
BTC-USD
IBIT vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (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.
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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.85 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.82 | -0.01 |
| Martin ratioReturn relative to average drawdown | -1.39 | -1.39 | 0.00 |
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Drawdowns
IBIT vs. BTC-USD - Drawdown Comparison
The maximum IBIT drawdown since its inception was -53.30%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for IBIT and BTC-USD.
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Drawdown Indicators
| IBIT | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.30% | -85.30% | +32.00% |
Max Drawdown (1Y)Largest decline over 1 year | -53.30% | -53.08% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -51.09% | -50.91% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -17.25% | -42.48% | +25.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.80% | 32.56% | -0.76% |
Volatility
IBIT vs. BTC-USD - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 13.15% compared to Bitcoin (BTC-USD) at 11.36%. 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.
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Volatility by Period
| IBIT | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.15% | 11.36% | +1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 34.89% | 34.94% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.54% | 35.76% | +8.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.09% | 44.02% | +6.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.09% | 56.35% | -6.26% |
Frequently Asked Questions
IBIT and BTC-USD have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (13.15%) compared to BTC-USD (11.36%). In terms of maximum drawdown, IBIT dropped -53.30% vs BTC-USD's -85.30%.
IBIT currently has the higher Sharpe Ratio (-1.00 vs -1.02), 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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