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.
Key characteristics
| IBIT | BTC-USD | |
|---|---|---|
| Daily Std Dev | 57.98% | 44.42% |
| Max Drawdown | -27.51% | -93.07% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between IBIT and BTC-USD is 0.75, 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
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 -27.51%, 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 18.89% compared to Bitcoin (BTC-USD) at 16.76%. 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.