IBIT vs. EQAC.MI
IBIT (iShares Bitcoin Trust ETF) and EQAC.MI (Invesco EQQQ NASDAQ-100 UCITS ETF Acc) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while EQAC.MI is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past year, IBIT returned -39.44% vs 39.82% for EQAC.MI. At a 0.28 correlation, their price movements are largely independent. IBIT charges 0.25%/yr vs 0.30%/yr for EQAC.MI.
Performance
IBIT vs. EQAC.MI - Performance Comparison
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Different Trading Currencies
IBIT is traded in USD, while EQAC.MI is traded in EUR. To make them comparable, the EQAC.MI values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBIT achieves a -27.71% return, which is significantly lower than EQAC.MI's 18.98% return.
IBIT
- 1D
- 5.13%
- 1M
- -21.03%
- YTD
- -27.71%
- 6M
- -30.34%
- 1Y
- -39.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EQAC.MI
- 1D
- -0.67%
- 1M
- 4.30%
- YTD
- 18.98%
- 6M
- 18.36%
- 1Y
- 39.82%
- 3Y*
- 27.93%
- 5Y*
- 17.57%
- 10Y*
- —
IBIT vs. EQAC.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.71% | -6.41% | 99.21% |
EQAC.MI Invesco EQQQ NASDAQ-100 UCITS ETF Acc | 18.98% | 20.55% | 27.77% |
Correlation
The correlation between IBIT and EQAC.MI is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.28 |
The correlation between IBIT and EQAC.MI shifts across timeframes, from 0.28 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IBIT vs. EQAC.MI — Risk / Return Rank
IBIT
EQAC.MI
IBIT vs. EQAC.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and Invesco EQQQ NASDAQ-100 UCITS ETF Acc (EQAC.MI). 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.
| IBIT | EQAC.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.49 | ||
| Sortino ratioReturn per unit of downside risk | -4.78 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.44 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 3.67 | -4.43 |
| Martin ratioReturn relative to average drawdown | -1.36 | 13.53 | -14.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBIT | EQAC.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.90 | 2.60 | -3.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 1.05 | -0.79 |
Drawdowns
IBIT vs. EQAC.MI - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, which is greater than EQAC.MI's maximum drawdown of -34.78%. Use the drawdown chart below to compare losses from any high point for IBIT and EQAC.MI.
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Drawdown Indicators
| IBIT | EQAC.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -34.78% | -17.33% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -10.96% | -41.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.01% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.78% | — |
Current DrawdownCurrent decline from peak | -49.66% | -0.81% | -48.85% |
Average DrawdownAverage peak-to-trough decline | -16.19% | -7.95% | -8.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.97% | 2.97% | +26.00% |
Volatility
IBIT vs. EQAC.MI - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 11.85% compared to Invesco EQQQ NASDAQ-100 UCITS ETF Acc (EQAC.MI) at 4.54%. This indicates that IBIT's price experiences larger fluctuations and is considered to be riskier than EQAC.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | EQAC.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.85% | 4.54% | +7.31% |
Volatility (6M)Calculated over the trailing 6-month period | 34.60% | 11.28% | +23.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.28% | 15.47% | +28.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.32% | 20.43% | +29.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.32% | 22.02% | +28.30% |
IBIT vs. EQAC.MI - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is lower than EQAC.MI's 0.30% expense ratio.
Dividends
IBIT vs. EQAC.MI - Dividend Comparison
Neither IBIT nor EQAC.MI has paid dividends to shareholders.
Frequently Asked Questions
IBIT and EQAC.MI have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBIT is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.30% for EQAC.MI.
IBIT is categorized as Cryptocurrency, while EQAC.MI is Nasdaq-100. IBIT tracks CME CF Bitcoin Reference Rate - New York Variant, while EQAC.MI tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.25% for IBIT and 0.30% for EQAC.MI.
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