IBIT vs. ISAC.L
IBIT (iShares Bitcoin Trust ETF) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while ISAC.L is a Global Equities fund tracking the MSCI All Country World Index (Net). Both are passively managed. Over the past year, IBIT returned -39.44% vs 25.90% for ISAC.L. At a 0.29 correlation, their price movements are largely independent. IBIT charges 0.25%/yr vs 0.20%/yr for ISAC.L.
Performance
IBIT vs. ISAC.L - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -27.71% return, which is significantly lower than ISAC.L's 9.28% return.
IBIT
- 1D
- 5.13%
- 1M
- -21.03%
- YTD
- -27.71%
- 6M
- -30.34%
- 1Y
- -39.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ISAC.L
- 1D
- -0.49%
- 1M
- 0.23%
- YTD
- 9.28%
- 6M
- 10.77%
- 1Y
- 25.90%
- 3Y*
- 20.19%
- 5Y*
- 10.90%
- 10Y*
- 12.55%
IBIT vs. ISAC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.71% | -6.41% | 89.87% |
ISAC.L iShares MSCI ACWI UCITS ETF USD (Acc) | 9.28% | 22.36% | 18.95% |
Correlation
The correlation between IBIT and ISAC.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.29 |
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Return for Risk
IBIT vs. ISAC.L — Risk / Return Rank
IBIT
ISAC.L
IBIT vs. ISAC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L). 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.
| IBIT | ISAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.96 | ||
| Sortino ratioReturn per unit of downside risk | -4.30 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.38 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 2.94 | -3.70 |
| Martin ratioReturn relative to average drawdown | -1.36 | 12.26 | -13.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBIT | ISAC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.90 | 2.06 | -2.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.72 | -0.45 |
Drawdowns
IBIT vs. ISAC.L - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, which is greater than ISAC.L's maximum drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for IBIT and ISAC.L.
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Drawdown Indicators
| IBIT | ISAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -33.82% | -18.29% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -8.77% | -43.34% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.56% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.82% | — |
Current DrawdownCurrent decline from peak | -49.66% | -2.73% | -46.93% |
Average DrawdownAverage peak-to-trough decline | -16.19% | -4.64% | -11.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.97% | 2.11% | +26.86% |
Volatility
IBIT vs. ISAC.L - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 11.85% compared to iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) at 3.92%. This indicates that IBIT's price experiences larger fluctuations and is considered to be riskier than ISAC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | ISAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.85% | 3.92% | +7.93% |
Volatility (6M)Calculated over the trailing 6-month period | 34.60% | 9.92% | +24.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.28% | 12.54% | +31.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.32% | 15.58% | +34.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.32% | 15.96% | +34.36% |
IBIT vs. ISAC.L - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is higher than ISAC.L's 0.20% 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. ISAC.L - Dividend Comparison
Neither IBIT nor ISAC.L has paid dividends to shareholders.
Frequently Asked Questions
IBIT and ISAC.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISAC.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISAC.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IBIT.
IBIT is categorized as Cryptocurrency, while ISAC.L is Global Equities. IBIT tracks CME CF Bitcoin Reference Rate - New York Variant, while ISAC.L tracks MSCI All Country World Index (Net). Their fees differ too: 0.25% for IBIT and 0.20% for ISAC.L.
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