IBIT vs. FNGS
IBIT (iShares Bitcoin Trust ETF) and FNGS (MicroSectors FANG+ ETN) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while FNGS is a Large Cap Growth Equities fund tracking the NYSE FANG+ Index. Both are passively managed. Over the past year, IBIT returned -40.63% vs 17.02% for FNGS. At a 0.36 correlation, their price movements are largely independent. IBIT charges 0.25%/yr vs 0.58%/yr for FNGS.
Performance
IBIT vs. FNGS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBIT achieves a -27.41% return, which is significantly lower than FNGS's 6.79% return.
IBIT
- 1D
- -0.03%
- 1M
- -20.12%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FNGS
- 1D
- -0.94%
- 1M
- -3.20%
- YTD
- 6.79%
- 6M
- 4.25%
- 1Y
- 17.02%
- 3Y*
- 29.80%
- 5Y*
- 19.76%
- 10Y*
- —
IBIT vs. FNGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
FNGS MicroSectors FANG+ ETN | 6.79% | 18.64% | 50.91% |
Correlation
The correlation between IBIT and FNGS is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.36 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBIT vs. FNGS — Risk / Return Rank
IBIT
FNGS
IBIT vs. FNGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and MicroSectors FANG+ ETN (FNGS). 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 | FNGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.49 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.15 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 0.75 | -1.53 |
| Martin ratioReturn relative to average drawdown | -1.37 | 2.12 | -3.49 |
Loading charts...
Drawdowns
IBIT vs. FNGS - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, which is greater than FNGS's maximum drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for IBIT and FNGS.
Loading charts...
Drawdown Indicators
| IBIT | FNGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -48.98% | -3.13% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -22.93% | -29.18% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.98% | — |
Current DrawdownCurrent decline from peak | -49.45% | -9.63% | -39.82% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -10.85% | -5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 8.05% | +21.59% |
Volatility
IBIT vs. FNGS - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 12.07% compared to MicroSectors FANG+ ETN (FNGS) at 8.74%. This indicates that IBIT's price experiences larger fluctuations and is considered to be riskier than FNGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBIT | FNGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 8.74% | +3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 17.19% | +17.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 21.65% | +22.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 30.10% | +20.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 31.17% | +19.09% |
IBIT vs. FNGS - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is lower than FNGS's 0.58% expense ratio.
Dividends
IBIT vs. FNGS - Dividend Comparison
Neither IBIT nor FNGS has paid dividends to shareholders.
Frequently Asked Questions
IBIT and FNGS have a correlation of 0.44, 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 FNGS (8.74%). In terms of maximum drawdown, IBIT dropped -52.11% vs FNGS's -48.98%.
On 1-year performance, FNGS leads with 17.02% vs -40.63% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, FNGS has been the lower-risk option at 8.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FNGS has performed better with a 17.02% return vs -40.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.58% for FNGS.
IBIT and FNGS have nearly identical dividend yields, around 0.00%.
IBIT is categorized as Cryptocurrency, while FNGS is Large Cap Growth Equities. IBIT tracks CME CF Bitcoin Reference Rate - New York Variant, while FNGS tracks NYSE FANG+ Index. They also come from different issuers: iShares and BMO. Their fees differ too: 0.25% for IBIT and 0.58% for FNGS.
FNGS currently has the higher Sharpe Ratio (0.79 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.
Find the right allocation for IBIT and FNGS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer