IBIT vs. FTEC
IBIT (iShares Bitcoin Trust ETF) and FTEC (Fidelity MSCI Information Technology Index ETF) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. Over the past year, IBIT returned -39.67% vs 51.03% for FTEC. At a 0.40 correlation, their price movements are largely independent. IBIT charges 0.25%/yr vs 0.08%/yr for FTEC.
Performance
IBIT vs. FTEC - 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 FTEC's 24.27% return.
IBIT
- 1D
- -0.03%
- 1M
- -19.59%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTEC
- 1D
- 0.61%
- 1M
- 3.09%
- YTD
- 24.27%
- 6M
- 24.36%
- 1Y
- 51.03%
- 3Y*
- 30.29%
- 5Y*
- 20.63%
- 10Y*
- 24.98%
IBIT vs. FTEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
FTEC Fidelity MSCI Information Technology Index ETF | 24.27% | 22.11% | 30.81% |
Correlation
The correlation between IBIT and FTEC is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.40 |
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Return for Risk
IBIT vs. FTEC — Risk / Return Rank
IBIT
FTEC
IBIT vs. FTEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and Fidelity MSCI Information Technology Index ETF (FTEC). 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 | FTEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.14 | ||
| Sortino ratioReturn per unit of downside risk | -4.06 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.37 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 3.00 | -3.79 |
| Martin ratioReturn relative to average drawdown | -1.37 | 9.36 | -10.73 |
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Drawdowns
IBIT vs. FTEC - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for IBIT and FTEC.
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Drawdown Indicators
| IBIT | FTEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -34.95% | -17.16% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -16.26% | -35.85% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.30% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.95% | — |
Current DrawdownCurrent decline from peak | -49.45% | -7.18% | -42.27% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -5.57% | -10.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 5.21% | +24.43% |
Volatility
IBIT vs. FTEC - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 12.07% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 10.02%. This indicates that IBIT's price experiences larger fluctuations and is considered to be riskier than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | FTEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 10.02% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 18.06% | +16.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 22.07% | +22.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 25.45% | +24.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 24.81% | +25.45% |
IBIT vs. FTEC - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is higher than FTEC's 0.08% 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. FTEC - Dividend Comparison
IBIT has not paid dividends to shareholders, while FTEC's dividend yield for the trailing twelve months is around 0.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTEC Fidelity MSCI Information Technology Index ETF | 0.34% | 0.43% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% |
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 FTEC have a correlation of 0.50, 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 FTEC (10.02%). In terms of maximum drawdown, IBIT dropped -52.11% vs FTEC's -34.95%.
On 1-year performance, FTEC leads with 51.03% vs -39.67% for IBIT. On fees, FTEC is cheaper at 0.08% per year. On volatility, FTEC has been the lower-risk option at 10.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FTEC has performed better with a 51.03% return vs -39.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTEC is cheaper with a 0.08% expense ratio, compared with 0.25% for IBIT.
FTEC has the higher dividend yield at 0.34%, compared with 0.00% for IBIT.
IBIT is categorized as Cryptocurrency, while FTEC is Technology Equities. IBIT tracks CME CF Bitcoin Reference Rate - New York Variant, while FTEC tracks MSCI USA IMI Information Technology 25/50 Index. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.25% for IBIT and 0.08% for FTEC.
FTEC currently has the higher Sharpe Ratio (2.21 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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