IBIT vs. MU
IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while MU (Micron Technology, Inc.) is a stock. Over the past year, IBIT returned -40.63% vs 746.93% for MU. At a 0.28 correlation, their price movements are largely independent.
Performance
IBIT vs. MU - 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 MU's 244.07% return.
IBIT
- 1D
- -0.03%
- 1M
- -20.12%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MU
- 1D
- -1.43%
- 1M
- 22.15%
- YTD
- 244.07%
- 6M
- 307.41%
- 1Y
- 746.93%
- 3Y*
- 144.69%
- 5Y*
- 66.21%
- 10Y*
- 55.83%
IBIT vs. MU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
MU Micron Technology, Inc. | 244.07% | 240.24% | 2.60% |
Correlation
The correlation between IBIT and MU is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.28 |
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Return for Risk
IBIT vs. MU — Risk / Return Rank
IBIT
MU
IBIT vs. MU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and Micron Technology, Inc. (MU). 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 | MU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.75 | ||
| Sortino ratioReturn per unit of downside risk | -7.45 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.78 | -0.93 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 24.91 | -25.69 |
| Martin ratioReturn relative to average drawdown | -1.37 | 94.64 | -96.01 |
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Drawdowns
IBIT vs. MU - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, smaller than the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for IBIT and MU.
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Drawdown Indicators
| IBIT | MU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -98.25% | +46.14% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -30.28% | -21.83% |
Max Drawdown (3Y)Largest decline over 3 years | — | -57.63% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.63% | — |
Current DrawdownCurrent decline from peak | -49.45% | -9.07% | -40.38% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -58.16% | +41.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 7.95% | +21.69% |
Volatility
IBIT vs. MU - Volatility Comparison
The current volatility for iShares Bitcoin Trust ETF (IBIT) is 12.07%, while Micron Technology, Inc. (MU) has a volatility of 32.86%. This indicates that IBIT experiences smaller price fluctuations and is considered to be less risky than MU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | MU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 32.86% | -20.79% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 57.74% | -23.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 69.66% | -25.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 53.18% | -2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 50.12% | +0.14% |
Dividends
IBIT vs. MU - Dividend Comparison
IBIT has not paid dividends to shareholders, while MU's dividend yield for the trailing twelve months is around 0.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MU Micron Technology, Inc. | 0.05% | 0.16% | 0.55% | 0.54% | 0.89% | 0.21% |
Frequently Asked Questions
IBIT and MU have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MU has higher volatility (32.86%) compared to IBIT (12.07%). In terms of maximum drawdown, IBIT dropped -52.11% vs MU's -98.25%.
MU currently has the higher Sharpe Ratio (10.83 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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