IBIT vs. HSY
IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while HSY (The Hershey Company) is a stock. Over the past year, IBIT returned -39.67% vs 10.63% for HSY. At a correlation of -0.05, they often move in opposite directions.
Performance
IBIT vs. HSY - 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 HSY's 1.25% return.
IBIT
- 1D
- -0.03%
- 1M
- -21.94%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HSY
- 1D
- 0.45%
- 1M
- -3.82%
- YTD
- 1.25%
- 6M
- 1.34%
- 1Y
- 10.63%
- 3Y*
- -8.39%
- 5Y*
- 3.29%
- 10Y*
- 9.11%
IBIT vs. HSY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
HSY The Hershey Company | 1.25% | 10.98% | -8.08% |
Correlation
The correlation between IBIT and HSY is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | -0.05 |
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Return for Risk
IBIT vs. HSY — Risk / Return Rank
IBIT
HSY
IBIT vs. HSY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and The Hershey Company (HSY). 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 | HSY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.08 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 0.35 | -1.13 |
| Martin ratioReturn relative to average drawdown | -1.37 | 0.87 | -2.24 |
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Drawdowns
IBIT vs. HSY - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, which is greater than HSY's maximum drawdown of -49.15%. Use the drawdown chart below to compare losses from any high point for IBIT and HSY.
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Drawdown Indicators
| IBIT | HSY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -49.15% | -2.96% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -25.01% | -27.10% |
Max Drawdown (3Y)Largest decline over 3 years | — | -42.23% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.25% | — |
Current DrawdownCurrent decline from peak | -49.45% | -28.02% | -21.43% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -13.10% | -3.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 10.00% | +19.64% |
Volatility
IBIT vs. HSY - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 12.07% compared to The Hershey Company (HSY) at 9.48%. This indicates that IBIT's price experiences larger fluctuations and is considered to be riskier than HSY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | HSY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 9.48% | +2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 20.08% | +14.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 27.49% | +16.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 22.77% | +27.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 23.44% | +26.82% |
Dividends
IBIT vs. HSY - Dividend Comparison
IBIT has not paid dividends to shareholders, while HSY's dividend yield for the trailing twelve months is around 3.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSY The Hershey Company | 3.11% | 3.01% | 3.24% | 2.39% | 1.67% | 1.76% | 2.07% | 2.03% | 2.57% | 2.24% | 2.32% | 2.50% |
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 HSY have a correlation of -0.03, 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 HSY (9.48%). In terms of maximum drawdown, IBIT dropped -52.11% vs HSY's -49.15%.
HSY currently has the higher Sharpe Ratio (0.32 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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