IBIT vs. IVV

Last updated Aug 5, 2026

IBIT (iShares Bitcoin Trust ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while IVV is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, IBIT returned -44.19% vs 23.63% for IVV. Their 0.40 correlation means their historical movements had little consistent relationship. IBIT charges 0.25%/yr vs 0.03%/yr for IVV.

Performance

IBIT vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Bitcoin Trust ETF (IBIT) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBIT achieves a -26.71% return, which is significantly lower than IVV's 13.72% return.

IBIT

• 1D: 0.64%
• 1M: 4.36%
• 6M: -15.96%
• YTD: -26.71%
• 1Y: -44.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.86%

IVV

• 1D: 1.77%
• 1M: 3.52%
• 6M: 12.47%
• YTD: 13.72%
• 1Y: 23.63%
• 3Y*: 21.56%
• 5Y*: 13.38%
• 10Y*: 15.35%
• ALL TIME*: 8.58%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IBIT iShares Bitcoin Trust ETF	$1.29B	$1.33B	$1.64B
IVV iShares Core S&P 500 ETF	$3.45B	$3.28B	$5.84B

IBIT vs. IVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IBIT iShares Bitcoin Trust ETF	-26.71%	-6.41%	89.87%
IVV iShares Core S&P 500 ETF	13.72%	17.85%	24.63%

Correlation

The correlation between IBIT and IVV is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.47
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.40

Return for Risk

IBIT vs. IVV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IBIT

IBIT Risk / Return Rank: 2
IBIT Sharpe Ratio Rank: 2
IBIT Sortino Ratio Rank: 2
IBIT Omega Ratio Rank: 2
IBIT Calmar Ratio Rank: 2
IBIT Martin Ratio Rank: 2

IVV

IVV Risk / Return Rank: 72
IVV Sharpe Ratio Rank: 72
IVV Sortino Ratio Rank: 70
IVV Omega Ratio Rank: 71
IVV Calmar Ratio Rank: 69
IVV Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IBIT vs. IVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and iShares Core S&P 500 ETF (IVV). 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	IVV	Difference
Sharpe ratio: Return per unit of total volatility	-1.00	1.84	-2.84
Sortino ratio: Return per unit of downside risk	-1.47	2.54	-4.01
Omega ratio: Gain probability vs. loss probability	0.84	1.33	-0.49
Calmar ratio: Return relative to maximum drawdown	-0.83	2.67	-3.50
Martin ratio: Return relative to average drawdown	-1.27	11.38	-12.64

IBIT vs. IVV - Sharpe Ratio Comparison

The current IBIT Sharpe Ratio is -1.00, which is lower than the IVV Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of IBIT and IVV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IBIT vs. IVV - Drawdown Comparison

The maximum IBIT drawdown since its inception was -53.30%, roughly equal to the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for IBIT and IVV.

Drawdown Indicators

	IBIT	IVV	Difference
Max Drawdown Largest peak-to-trough decline	-53.30%	-55.25%	+1.95%
Max Drawdown (1Y) Largest decline over 1 year	-53.30%	-8.89%	-44.41%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.53%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.90%	—
Current Drawdown Current decline from peak	-48.95%	0.00%	-48.95%
Average Drawdown Average peak-to-trough decline	-18.34%	-10.72%	-7.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.94%	2.08%	+32.86%

Volatility

IBIT vs. IVV - Volatility Comparison

iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 8.29% compared to iShares Core S&P 500 ETF (IVV) at 4.10%. This indicates that IBIT's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBIT	IVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.29%	4.10%	+4.19%
Volatility (6M) Calculated over the trailing 6-month period	33.07%	10.39%	+22.68%
Volatility (1Y) Calculated over the trailing 1-year period	44.40%	12.96%	+31.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.53%	17.04%	+32.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.53%	18.08%	+31.45%

IBIT vs. IVV - Expense Ratio Comparison

IBIT has a 0.25% expense ratio, which is higher than IVV's 0.03% 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. IVV - Dividend Comparison

IBIT has not paid dividends to shareholders, while IVV's dividend yield for the trailing twelve months is around 1.06%.

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%
IVV iShares Core S&P 500 ETF	1.06%	1.17%	1.30%	1.44%	1.66%	1.20%	1.57%	1.85%	2.21%	1.75%	2.01%	2.27%

Frequently Asked Questions

Can I hold both IBIT and IVV in my portfolio?

IBIT and IVV have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBIT or IVV?

IBIT has higher volatility (8.29%) compared to IVV (4.10%). In terms of maximum drawdown, IBIT dropped -53.30% vs IVV's -55.25%.

Which ETF is better, IBIT or IVV?

On 1-year performance, IVV leads with 23.63% vs -44.19% for IBIT. On fees, IVV is cheaper at 0.03% per year. On volatility, IVV has been the lower-risk option at 4.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBIT or IVV?

Over the 1-year period, IVV has performed better with a 23.63% return vs -44.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBIT or IVV?

IVV is cheaper with a 0.03% expense ratio, compared with 0.25% for IBIT.

Which ETF pays a higher dividend yield, IBIT or IVV?

IVV has the higher dividend yield at 1.06%, compared with 0.00% for IBIT.

What is the main difference between IBIT and IVV?

IBIT is categorized as Cryptocurrency, while IVV is S&P 500. IBIT tracks CME CF Bitcoin Reference Rate - New York Variant, while IVV tracks S&P 500 Index. Their fees differ too: 0.25% for IBIT and 0.03% for IVV.

Which has better risk-adjusted returns?

IVV currently has the higher Sharpe Ratio (1.84 vs -1.00), 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.