IBIT vs. JPM
IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while JPM (JPMorgan Chase & Co.) is a stock. Over the past year, IBIT returned -39.67% vs 23.40% for JPM. At a 0.21 correlation, their price movements are largely independent.
Performance
IBIT vs. JPM - 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 JPM's 0.50% return.
IBIT
- 1D
- -0.03%
- 1M
- -19.59%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPM
- 1D
- 2.31%
- 1M
- 7.69%
- YTD
- 0.50%
- 6M
- 1.66%
- 1Y
- 23.40%
- 3Y*
- 34.22%
- 5Y*
- 17.82%
- 10Y*
- 21.02%
IBIT vs. JPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
JPM JPMorgan Chase & Co. | 0.50% | 37.27% | 42.63% |
Correlation
The correlation between IBIT and JPM is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.21 |
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Return for Risk
IBIT vs. JPM — Risk / Return Rank
IBIT
JPM
IBIT vs. JPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and JPMorgan Chase & Co. (JPM). 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 | JPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.18 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 1.42 | -2.20 |
| Martin ratioReturn relative to average drawdown | -1.37 | 3.36 | -4.73 |
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Drawdowns
IBIT vs. JPM - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, smaller than the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for IBIT and JPM.
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Drawdown Indicators
| IBIT | JPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -76.16% | +24.05% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -15.47% | -36.64% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.42% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.77% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.63% | — |
Current DrawdownCurrent decline from peak | -49.45% | -3.66% | -45.79% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -17.62% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 6.54% | +23.10% |
Volatility
IBIT vs. JPM - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 12.07% compared to JPMorgan Chase & Co. (JPM) at 6.35%. This indicates that IBIT's price experiences larger fluctuations and is considered to be riskier than JPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | JPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 6.35% | +5.72% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 16.67% | +17.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 21.76% | +22.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 24.46% | +25.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 27.39% | +22.87% |
Dividends
IBIT vs. JPM - Dividend Comparison
IBIT has not paid dividends to shareholders, while JPM's dividend yield for the trailing twelve months is around 1.84%.
| 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% |
JPM JPMorgan Chase & Co. | 1.84% | 1.72% | 1.92% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% |
Frequently Asked Questions
IBIT and JPM have a correlation of 0.17, 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 JPM (6.35%). In terms of maximum drawdown, IBIT dropped -52.11% vs JPM's -76.16%.
JPM currently has the higher Sharpe Ratio (1.01 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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