Correlation
The correlation between IBIT and EZBC is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
IBIT vs. EZBC
Compare and contrast key facts about iShares Bitcoin Trust (IBIT) and Franklin Bitcoin ETF (EZBC).
IBIT and EZBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024. EZBC is a passively managed fund by Franklin Templeton that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 11, 2024. Both IBIT and EZBC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBIT or EZBC.
Performance
IBIT vs. EZBC - Performance Comparison
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Key characteristics
IBIT:
0.99
EZBC:
0.99
IBIT:
1.63
EZBC:
1.63
IBIT:
1.19
EZBC:
1.19
IBIT:
1.86
EZBC:
1.87
IBIT:
4.07
EZBC:
4.13
IBIT:
12.91%
EZBC:
12.78%
IBIT:
53.01%
EZBC:
52.88%
IBIT:
-28.22%
EZBC:
-28.23%
IBIT:
-5.96%
EZBC:
-6.02%
Returns By Period
The year-to-date returns for both stocks are quite close, with IBIT having a 12.08% return and EZBC slightly lower at 11.86%.
IBIT
12.08%
11.12%
7.70%
51.84%
N/A
N/A
N/A
EZBC
11.86%
11.08%
7.55%
51.96%
N/A
N/A
N/A
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IBIT vs. EZBC - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is higher than EZBC's 0.19% 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%.
Risk-Adjusted Performance
IBIT vs. EZBC — Risk-Adjusted Performance Rank
IBIT
EZBC
IBIT vs. EZBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust (IBIT) and Franklin Bitcoin ETF (EZBC). 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.
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Dividends
IBIT vs. EZBC - Dividend Comparison
Neither IBIT nor EZBC has paid dividends to shareholders.
Drawdowns
IBIT vs. EZBC - Drawdown Comparison
The maximum IBIT drawdown since its inception was -28.22%, roughly equal to the maximum EZBC drawdown of -28.23%. Use the drawdown chart below to compare losses from any high point for IBIT and EZBC.
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Volatility
IBIT vs. EZBC - Volatility Comparison
iShares Bitcoin Trust (IBIT) and Franklin Bitcoin ETF (EZBC) have volatilities of 9.41% and 9.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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