IBIT vs. ITA
IBIT (iShares Bitcoin Trust ETF) and ITA (iShares U.S. Aerospace & Defense ETF) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while ITA is a Aerospace & Defense fund tracking the Dow Jones U.S. Select Aerospace & Defense Index. Both are passively managed. Over the past year, IBIT returned -39.44% vs 25.56% for ITA. At a 0.28 correlation, their price movements are largely independent. IBIT charges 0.25%/yr vs 0.38%/yr for ITA.
Performance
IBIT vs. ITA - 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 ITA's 5.92% return.
IBIT
- 1D
- 5.13%
- 1M
- -21.03%
- YTD
- -27.71%
- 6M
- -30.34%
- 1Y
- -39.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ITA
- 1D
- -0.95%
- 1M
- 1.69%
- YTD
- 5.92%
- 6M
- 11.28%
- 1Y
- 25.56%
- 3Y*
- 26.35%
- 5Y*
- 16.26%
- 10Y*
- 14.86%
IBIT vs. ITA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.71% | -6.41% | 99.21% |
ITA iShares U.S. Aerospace & Defense ETF | 5.92% | 48.64% | 20.70% |
Correlation
The correlation between IBIT and ITA is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.28 |
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Return for Risk
IBIT vs. ITA — Risk / Return Rank
IBIT
ITA
IBIT vs. ITA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and iShares U.S. Aerospace & Defense ETF (ITA). 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 | ITA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -3.05 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.21 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 1.62 | -2.38 |
| Martin ratioReturn relative to average drawdown | -1.36 | 4.35 | -5.71 |
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 | ITA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.90 | 1.22 | -2.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.81 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.51 | -0.24 |
Drawdowns
IBIT vs. ITA - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, smaller than the maximum ITA drawdown of -59.72%. Use the drawdown chart below to compare losses from any high point for IBIT and ITA.
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Drawdown Indicators
| IBIT | ITA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -59.72% | +7.61% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -15.82% | -36.29% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.82% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.00% | — |
Current DrawdownCurrent decline from peak | -49.66% | -9.25% | -40.41% |
Average DrawdownAverage peak-to-trough decline | -16.19% | -9.46% | -6.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.97% | 5.89% | +23.08% |
Volatility
IBIT vs. ITA - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 11.85% compared to iShares U.S. Aerospace & Defense ETF (ITA) at 7.09%. This indicates that IBIT's price experiences larger fluctuations and is considered to be riskier than ITA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | ITA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.85% | 7.09% | +4.76% |
Volatility (6M)Calculated over the trailing 6-month period | 34.60% | 17.68% | +16.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.28% | 21.12% | +23.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.32% | 20.07% | +30.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.32% | 23.17% | +27.15% |
IBIT vs. ITA - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is lower than ITA's 0.38% expense ratio.
Dividends
IBIT vs. ITA - Dividend Comparison
IBIT has not paid dividends to shareholders, while ITA's dividend yield for the trailing twelve months is around 0.47%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ITA iShares U.S. Aerospace & Defense ETF | 0.47% | 0.55% | 0.85% | 0.93% | 0.95% | 0.82% | 1.07% | 1.54% | 1.13% | 0.91% | 1.07% | 1.04% |
Frequently Asked Questions
IBIT and ITA have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (11.85%) compared to ITA (7.09%). In terms of maximum drawdown, IBIT dropped -52.11% vs ITA's -59.72%.
On 1-year performance, ITA leads with 25.56% vs -39.44% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, ITA has been the lower-risk option at 7.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ITA has performed better with a 25.56% return vs -39.44%. 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 0.38% for ITA.
ITA has the higher dividend yield at 0.47%, compared with 0.00% for IBIT.
IBIT is categorized as Cryptocurrency, while ITA is Aerospace & Defense. IBIT tracks CME CF Bitcoin Reference Rate - New York Variant, while ITA tracks Dow Jones U.S. Select Aerospace & Defense Index. Their fees differ too: 0.25% for IBIT and 0.38% for ITA.
ITA currently has the higher Sharpe Ratio (1.22 vs -0.90), 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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