IBIT vs. DIA
IBIT (iShares Bitcoin Trust ETF) and DIA (State Street SPDR Dow Jones Industrial Average ETF Trust) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while DIA is a Large Cap Blend Equities fund tracking the Dow Jones Industrial Average. Both are passively managed. Over the past year, IBIT returned -39.67% vs 23.20% for DIA. At a 0.31 correlation, their price movements are largely independent. IBIT charges 0.25%/yr vs 0.16%/yr for DIA.
Performance
IBIT vs. DIA - 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 DIA's 7.27% return.
IBIT
- 1D
- -0.03%
- 1M
- -19.59%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DIA
- 1D
- 0.73%
- 1M
- 3.57%
- YTD
- 7.27%
- 6M
- 6.43%
- 1Y
- 23.20%
- 3Y*
- 16.29%
- 5Y*
- 10.14%
- 10Y*
- 13.40%
IBIT vs. DIA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
DIA State Street SPDR Dow Jones Industrial Average ETF Trust | 7.27% | 14.71% | 14.80% |
Correlation
The correlation between IBIT and DIA is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.31 |
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Return for Risk
IBIT vs. DIA — Risk / Return Rank
IBIT
DIA
IBIT vs. DIA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and State Street SPDR Dow Jones Industrial Average ETF Trust (DIA). 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 | DIA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.61 | ||
| Sortino ratioReturn per unit of downside risk | -3.76 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.30 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 2.16 | -2.94 |
| Martin ratioReturn relative to average drawdown | -1.37 | 8.35 | -9.72 |
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Drawdowns
IBIT vs. DIA - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, roughly equal to the maximum DIA drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for IBIT and DIA.
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Drawdown Indicators
| IBIT | DIA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -51.87% | -0.24% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -9.76% | -42.35% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.76% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.70% | — |
Current DrawdownCurrent decline from peak | -49.45% | -0.70% | -48.75% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -7.14% | -9.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 2.53% | +27.11% |
Volatility
IBIT vs. DIA - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 12.07% compared to State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) at 4.32%. This indicates that IBIT's price experiences larger fluctuations and is considered to be riskier than DIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | DIA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 4.32% | +7.75% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 9.78% | +24.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 12.52% | +31.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 14.85% | +35.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 17.56% | +32.70% |
IBIT vs. DIA - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is higher than DIA's 0.16% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBIT vs. DIA - Dividend Comparison
IBIT has not paid dividends to shareholders, while DIA's dividend yield for the trailing twelve months is around 1.37%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIA State Street SPDR Dow Jones Industrial Average ETF Trust | 1.37% | 1.43% | 1.61% | 1.81% | 1.91% | 1.58% | 1.87% | 1.85% | 2.24% | 1.97% | 2.26% | 2.33% |
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 DIA have a correlation of 0.34, 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 DIA (4.32%). In terms of maximum drawdown, IBIT dropped -52.11% vs DIA's -51.87%.
On 1-year performance, DIA leads with 23.20% vs -39.67% for IBIT. On fees, DIA is cheaper at 0.16% per year. On volatility, DIA has been the lower-risk option at 4.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DIA has performed better with a 23.20% return vs -39.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIA is cheaper with a 0.16% expense ratio, compared with 0.25% for IBIT.
DIA has the higher dividend yield at 1.37%, compared with 0.00% for IBIT.
IBIT is categorized as Cryptocurrency, while DIA is Large Cap Blend Equities. IBIT tracks CME CF Bitcoin Reference Rate - New York Variant, while DIA tracks Dow Jones Industrial Average. They also come from different issuers: iShares and State Street. Their fees differ too: 0.25% for IBIT and 0.16% for DIA.
DIA currently has the higher Sharpe Ratio (1.69 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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