IBIT vs. MDGL
IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while MDGL (Madrigal Pharmaceuticals, Inc.) is a stock. Over the past year, IBIT returned -39.67% vs 62.66% for MDGL. At a 0.20 correlation, their price movements are largely independent.
Performance
IBIT vs. MDGL - 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 MDGL's -17.44% return.
IBIT
- 1D
- -0.03%
- 1M
- -19.59%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MDGL
- 1D
- 1.37%
- 1M
- -10.95%
- YTD
- -17.44%
- 6M
- -15.87%
- 1Y
- 62.66%
- 3Y*
- 21.44%
- 5Y*
- 34.82%
- 10Y*
- 46.09%
IBIT vs. MDGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
MDGL Madrigal Pharmaceuticals, Inc. | -17.44% | 88.72% | 30.34% |
Correlation
The correlation between IBIT and MDGL is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.20 |
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Return for Risk
IBIT vs. MDGL — Risk / Return Rank
IBIT
MDGL
IBIT vs. MDGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and Madrigal Pharmaceuticals, Inc. (MDGL). 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 | MDGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -3.50 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.26 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 2.11 | -2.90 |
| Martin ratioReturn relative to average drawdown | -1.37 | 4.63 | -6.00 |
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Drawdowns
IBIT vs. MDGL - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, smaller than the maximum MDGL drawdown of -98.40%. Use the drawdown chart below to compare losses from any high point for IBIT and MDGL.
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Drawdown Indicators
| IBIT | MDGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -98.40% | +46.29% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -29.36% | -22.75% |
Max Drawdown (3Y)Largest decline over 3 years | — | -52.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -61.41% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.19% | — |
Current DrawdownCurrent decline from peak | -49.45% | -20.25% | -29.20% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -58.52% | +41.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 13.38% | +16.26% |
Volatility
IBIT vs. MDGL - Volatility Comparison
The current volatility for iShares Bitcoin Trust ETF (IBIT) is 12.07%, while Madrigal Pharmaceuticals, Inc. (MDGL) has a volatility of 13.71%. This indicates that IBIT experiences smaller price fluctuations and is considered to be less risky than MDGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | MDGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 13.71% | -1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 31.76% | +2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 45.97% | -1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 133.37% | -83.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 117.49% | -67.23% |
Dividends
IBIT vs. MDGL - Dividend Comparison
Neither IBIT nor MDGL has paid dividends to shareholders.
Frequently Asked Questions
IBIT and MDGL have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDGL has higher volatility (13.71%) compared to IBIT (12.07%). In terms of maximum drawdown, IBIT dropped -52.11% vs MDGL's -98.40%.
MDGL currently has the higher Sharpe Ratio (1.35 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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