IBIT vs. IWM
IBIT (iShares Bitcoin Trust ETF) and IWM (iShares Russell 2000 ETF) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index. Both are passively managed. Over the past year, IBIT returned -38.74% vs 39.10% for IWM. At a 0.46 correlation, their price movements are largely independent. IBIT charges 0.25%/yr vs 0.19%/yr for IWM.
Performance
IBIT vs. IWM - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -25.48% return, which is significantly lower than IWM's 17.07% return.
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWM
- 1D
- -1.37%
- 1M
- 3.52%
- YTD
- 17.07%
- 6M
- 15.83%
- 1Y
- 39.10%
- 3Y*
- 17.88%
- 5Y*
- 6.11%
- 10Y*
- 10.93%
IBIT vs. IWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
IWM iShares Russell 2000 ETF | 17.07% | 12.66% | 15.50% |
Correlation
The correlation between IBIT and IWM is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.46 |
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Return for Risk
IBIT vs. IWM — Risk / Return Rank
IBIT
IWM
IBIT vs. IWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and iShares Russell 2000 ETF (IWM). 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 | IWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.94 | ||
| Sortino ratioReturn per unit of downside risk | -4.08 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.34 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 3.56 | -4.35 |
| Martin ratioReturn relative to average drawdown | -1.36 | 12.64 | -14.01 |
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 | IWM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.89 | 2.05 | -2.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.27 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.37 | -0.07 |
Drawdowns
IBIT vs. IWM - Drawdown Comparison
The maximum IBIT drawdown since its inception was -49.36%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for IBIT and IWM.
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Drawdown Indicators
| IBIT | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.36% | -59.05% | +9.69% |
Max Drawdown (1Y)Largest decline over 1 year | -49.36% | -11.03% | -38.33% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.50% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.13% | — |
Current DrawdownCurrent decline from peak | -48.10% | -1.49% | -46.61% |
Average DrawdownAverage peak-to-trough decline | -16.02% | -10.77% | -5.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.44% | 3.10% | +25.34% |
Volatility
IBIT vs. IWM - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 9.50% compared to iShares Russell 2000 ETF (IWM) at 5.75%. This indicates that IBIT's price experiences larger fluctuations and is considered to be riskier than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.50% | 5.75% | +3.75% |
Volatility (6M)Calculated over the trailing 6-month period | 34.44% | 13.53% | +20.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.73% | 19.20% | +24.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.19% | 22.52% | +27.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.19% | 23.04% | +27.15% |
IBIT vs. IWM - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is higher than IWM's 0.19% 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. IWM - Dividend Comparison
IBIT has not paid dividends to shareholders, while IWM's dividend yield for the trailing twelve months is around 0.88%.
| 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% |
IWM iShares Russell 2000 ETF | 0.88% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
Frequently Asked Questions
IBIT and IWM have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.50%) compared to IWM (5.75%). In terms of maximum drawdown, IBIT dropped -49.36% vs IWM's -59.05%.
On 1-year performance, IWM leads with 39.10% vs -38.74% for IBIT. On fees, IWM is cheaper at 0.19% per year. On volatility, IWM has been the lower-risk option at 5.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IWM has performed better with a 39.10% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWM is cheaper with a 0.19% expense ratio, compared with 0.25% for IBIT.
IWM has the higher dividend yield at 0.88%, compared with 0.00% for IBIT.
IBIT is categorized as Cryptocurrency, while IWM is Small Cap Blend Equities. IBIT tracks CME CF Bitcoin Reference Rate - New York Variant, while IWM tracks Russell 2000 Index. Their fees differ too: 0.25% for IBIT and 0.19% for IWM.
IWM currently has the higher Sharpe Ratio (2.05 vs -0.89), 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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