IBIT vs. CWEN
IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while CWEN (Clearway Energy, Inc.) is a stock. Over the past year, IBIT returned -40.63% vs 24.39% for CWEN. At a 0.12 correlation, their price movements are largely independent.
Performance
IBIT vs. CWEN - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -27.41% return, which is significantly lower than CWEN's 15.34% return.
IBIT
- 1D
- -0.03%
- 1M
- -20.12%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CWEN
- 1D
- -0.58%
- 1M
- -0.39%
- YTD
- 15.34%
- 6M
- 18.36%
- 1Y
- 24.39%
- 3Y*
- 14.23%
- 5Y*
- 11.37%
- 10Y*
- 15.45%
IBIT vs. CWEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
CWEN Clearway Energy, Inc. | 15.34% | 35.48% | 3.66% |
Correlation
The correlation between IBIT and CWEN is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.12 |
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Return for Risk
IBIT vs. CWEN — Risk / Return Rank
IBIT
CWEN
IBIT vs. CWEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and Clearway Energy, Inc. (CWEN). 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 | CWEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.66 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.17 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 1.73 | -2.51 |
| Martin ratioReturn relative to average drawdown | -1.37 | 3.88 | -5.25 |
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Drawdowns
IBIT vs. CWEN - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, smaller than the maximum CWEN drawdown of -79.41%. Use the drawdown chart below to compare losses from any high point for IBIT and CWEN.
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Drawdown Indicators
| IBIT | CWEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -79.41% | +27.30% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -14.15% | -37.96% |
Max Drawdown (3Y)Largest decline over 3 years | — | -36.78% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -52.09% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.09% | — |
Current DrawdownCurrent decline from peak | -49.45% | -9.19% | -40.26% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -35.39% | +18.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 6.30% | +23.34% |
Volatility
IBIT vs. CWEN - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 12.07% compared to Clearway Energy, Inc. (CWEN) at 9.15%. This indicates that IBIT's price experiences larger fluctuations and is considered to be riskier than CWEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | CWEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 9.15% | +2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 22.05% | +12.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 29.12% | +14.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 30.26% | +20.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 31.28% | +18.98% |
Dividends
IBIT vs. CWEN - Dividend Comparison
IBIT has not paid dividends to shareholders, while CWEN's dividend yield for the trailing twelve months is around 4.87%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWEN Clearway Energy, Inc. | 4.87% | 5.32% | 6.36% | 5.62% | 4.48% | 3.68% | 3.29% | 4.01% | 7.29% | 5.81% | 5.98% | 6.88% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBIT and CWEN have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (12.07%) compared to CWEN (9.15%). In terms of maximum drawdown, IBIT dropped -52.11% vs CWEN's -79.41%.
CWEN currently has the higher Sharpe Ratio (0.84 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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