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 0.75, 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
Key characteristics
IBIT:
1.45
BTC-USD:
1.48
IBIT:
2.15
BTC-USD:
2.19
IBIT:
1.25
BTC-USD:
1.22
IBIT:
2.97
BTC-USD:
1.23
IBIT:
6.72
BTC-USD:
8.41
IBIT:
12.17%
BTC-USD:
8.60%
IBIT:
56.40%
BTC-USD:
43.82%
IBIT:
-27.51%
BTC-USD:
-93.07%
IBIT:
-11.21%
BTC-USD:
-9.44%
Returns By Period
In the year-to-date period, IBIT achieves a 1.64% return, which is significantly lower than BTC-USD's 2.89% return.
IBIT
1.64%
-9.20%
48.62%
81.43%
N/A
N/A
BTC-USD
2.89%
-7.26%
49.98%
87.36%
57.48%
82.18%
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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 -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 9.86% compared to Bitcoin (BTC-USD) at 9.00%. 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.