IBIT vs. GD
IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while GD (General Dynamics Corporation) is a stock. Over the past year, IBIT returned -40.63% vs 31.05% for GD. At a 0.14 correlation, their price movements are largely independent.
Performance
IBIT vs. GD - 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 GD's 7.93% return.
IBIT
- 1D
- -0.03%
- 1M
- -20.12%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GD
- 1D
- 0.38%
- 1M
- 5.52%
- YTD
- 7.93%
- 6M
- 7.67%
- 1Y
- 31.05%
- 3Y*
- 21.44%
- 5Y*
- 15.92%
- 10Y*
- 12.38%
IBIT vs. GD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
GD General Dynamics Corporation | 7.93% | 30.39% | 6.99% |
Correlation
The correlation between IBIT and GD is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.14 |
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Return for Risk
IBIT vs. GD — Risk / Return Rank
IBIT
GD
IBIT vs. GD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and General Dynamics Corporation (GD). 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 | GD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.37 | ||
| Sortino ratioReturn per unit of downside risk | -3.61 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.27 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 2.15 | -2.93 |
| Martin ratioReturn relative to average drawdown | -1.37 | 7.36 | -8.73 |
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Drawdowns
IBIT vs. GD - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, smaller than the maximum GD drawdown of -75.67%. Use the drawdown chart below to compare losses from any high point for IBIT and GD.
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Drawdown Indicators
| IBIT | GD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -75.67% | +23.56% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -14.53% | -37.58% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.55% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.63% | — |
Current DrawdownCurrent decline from peak | -49.45% | -1.49% | -47.96% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -15.60% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 4.23% | +25.41% |
Volatility
IBIT vs. GD - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 12.07% compared to General Dynamics Corporation (GD) at 7.70%. This indicates that IBIT's price experiences larger fluctuations and is considered to be riskier than GD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | GD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 7.70% | +4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 17.78% | +16.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 21.67% | +22.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 20.54% | +29.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 22.76% | +27.50% |
Dividends
IBIT vs. GD - Dividend Comparison
IBIT has not paid dividends to shareholders, while GD's dividend yield for the trailing twelve months is around 1.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GD General Dynamics Corporation | 1.69% | 1.76% | 2.12% | 2.01% | 2.00% | 2.24% | 2.90% | 2.26% | 2.31% | 1.61% | 1.72% | 1.96% |
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 GD have a correlation of 0.24, 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 GD (7.70%). In terms of maximum drawdown, IBIT dropped -52.11% vs GD's -75.67%.
GD currently has the higher Sharpe Ratio (1.44 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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