IBIT vs. ETH-USD
IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while ETH-USD (Ethereum) is a cryptocurrency. Over the past year, IBIT returned -39.67% vs -34.85% for ETH-USD. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
IBIT vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -27.41% return, which is significantly higher than ETH-USD's -43.34% return.
IBIT
- 1D
- -0.03%
- 1M
- -21.94%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH-USD
- 1D
- 0.93%
- 1M
- -26.37%
- YTD
- -43.34%
- 6M
- -46.03%
- 1Y
- -34.85%
- 3Y*
- 0.61%
- 5Y*
- -8.23%
- 10Y*
- 57.05%
IBIT vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
ETH-USD Ethereum | -43.34% | -10.91% | 28.84% |
Correlation
The correlation between IBIT and ETH-USD is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.59 |
The correlation between IBIT and ETH-USD has been stable across timeframes, ranging from 0.59 to 0.62 - a consistent structural relationship.
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Return for Risk
IBIT vs. ETH-USD — Risk / Return Rank
IBIT
ETH-USD
IBIT vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and Ethereum (ETH-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.
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 | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.96 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.52 | -0.27 |
| Martin ratioReturn relative to average drawdown | -1.37 | -0.89 | -0.48 |
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Drawdowns
IBIT vs. ETH-USD - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, smaller than the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for IBIT and ETH-USD.
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Drawdown Indicators
| IBIT | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -94.01% | +41.90% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -67.53% | +15.42% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -79.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.01% | — |
Current DrawdownCurrent decline from peak | -49.45% | -65.20% | +15.75% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -50.89% | +34.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 45.49% | -15.85% |
Volatility
IBIT vs. ETH-USD - Volatility Comparison
The current volatility for iShares Bitcoin Trust ETF (IBIT) is 12.07%, while Ethereum (ETH-USD) has a volatility of 17.20%. This indicates that IBIT experiences smaller price fluctuations and is considered to be less risky than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 17.20% | -5.13% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 46.29% | -11.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 56.08% | -11.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 59.55% | -9.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 77.88% | -27.62% |
Frequently Asked Questions
IBIT and ETH-USD have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETH-USD has higher volatility (17.20%) compared to IBIT (12.07%). In terms of maximum drawdown, IBIT dropped -52.11% vs ETH-USD's -94.01%.
ETH-USD currently has the higher Sharpe Ratio (-0.52 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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