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 0.74, 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:
0.37
BTC-USD:
0.60
IBIT:
0.92
BTC-USD:
1.22
IBIT:
1.10
BTC-USD:
1.12
IBIT:
0.73
BTC-USD:
0.39
IBIT:
1.61
BTC-USD:
2.90
IBIT:
12.40%
BTC-USD:
10.86%
IBIT:
54.41%
BTC-USD:
42.47%
IBIT:
-27.51%
BTC-USD:
-93.07%
IBIT:
-21.69%
BTC-USD:
-22.43%
Returns By Period
In the year-to-date period, IBIT achieves a -10.35% return, which is significantly higher than BTC-USD's -11.87% return.
IBIT
-10.35%
-0.71%
27.20%
17.52%
N/A
N/A
BTC-USD
-11.87%
-2.42%
25.44%
18.22%
66.48%
78.34%
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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
The current volatility for iShares Bitcoin Trust (IBIT) is 16.40%, while Bitcoin (BTC-USD) has a volatility of 19.66%. This indicates that IBIT experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.