IBIT vs. CEG
IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while CEG (Constellation Energy Corp) is a stock. Over the past year, IBIT returned -40.63% vs -15.08% for CEG. At a 0.28 correlation, their price movements are largely independent.
Performance
IBIT vs. CEG - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IBIT having a -27.41% return and CEG slightly lower at -27.96%.
IBIT
- 1D
- -0.03%
- 1M
- -20.12%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CEG
- 1D
- 2.86%
- 1M
- -7.54%
- YTD
- -27.96%
- 6M
- -27.70%
- 1Y
- -15.08%
- 3Y*
- 40.06%
- 5Y*
- —
- 10Y*
- —
IBIT vs. CEG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
CEG Constellation Energy Corp | -27.96% | 58.80% | 94.44% |
Correlation
The correlation between IBIT and CEG is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.28 |
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Return for Risk
IBIT vs. CEG — Risk / Return Rank
IBIT
CEG
IBIT vs. CEG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and Constellation Energy Corp (CEG). 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 | CEG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.98 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.38 | -0.40 |
| Martin ratioReturn relative to average drawdown | -1.37 | -0.78 | -0.59 |
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Drawdowns
IBIT vs. CEG - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, roughly equal to the maximum CEG drawdown of -50.70%. Use the drawdown chart below to compare losses from any high point for IBIT and CEG.
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Drawdown Indicators
| IBIT | CEG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -50.70% | -1.41% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -39.77% | -12.34% |
Max Drawdown (3Y)Largest decline over 3 years | — | -50.70% | — |
Current DrawdownCurrent decline from peak | -49.45% | -36.93% | -12.52% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -11.67% | -4.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 19.38% | +10.26% |
Volatility
IBIT vs. CEG - Volatility Comparison
The current volatility for iShares Bitcoin Trust ETF (IBIT) is 12.07%, while Constellation Energy Corp (CEG) has a volatility of 15.26%. This indicates that IBIT experiences smaller price fluctuations and is considered to be less risky than CEG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | CEG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 15.26% | -3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 37.72% | -3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 46.66% | -2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 49.38% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 49.38% | +0.88% |
Dividends
IBIT vs. CEG - Dividend Comparison
IBIT has not paid dividends to shareholders, while CEG's dividend yield for the trailing twelve months is around 0.64%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CEG Constellation Energy Corp | 0.64% | 0.44% | 0.63% | 0.97% | 0.65% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBIT and CEG have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CEG has higher volatility (15.26%) compared to IBIT (12.07%). In terms of maximum drawdown, IBIT dropped -52.11% vs CEG's -50.70%.
CEG currently has the higher Sharpe Ratio (-0.32 vs -0.92), 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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