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 0.76, 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:
2.54
BTC-USD:
2.38
IBIT:
3.02
BTC-USD:
3.04
IBIT:
1.36
BTC-USD:
1.30
IBIT:
5.24
BTC-USD:
2.37
IBIT:
12.06
BTC-USD:
10.81
IBIT:
11.96%
BTC-USD:
11.01%
IBIT:
56.90%
BTC-USD:
43.94%
IBIT:
-27.51%
BTC-USD:
-93.07%
IBIT:
-1.83%
BTC-USD:
-1.58%
Returns By Period
The year-to-date returns for both stocks are quite close, with IBIT having a 12.38% return and BTC-USD slightly lower at 11.81%.
IBIT
12.38%
4.27%
55.26%
155.44%
N/A
N/A
BTC-USD
11.81%
4.42%
56.59%
153.17%
64.37%
85.95%
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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 14.48% compared to Bitcoin (BTC-USD) at 12.88%. 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.