IBIT vs. OMAB
IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while OMAB (Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.) is a stock. Over the past year, IBIT returned -40.63% vs 1.82% for OMAB. At a 0.19 correlation, their price movements are largely independent.
Performance
IBIT vs. OMAB - 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 OMAB's -3.71% return.
IBIT
- 1D
- -0.03%
- 1M
- -20.12%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OMAB
- 1D
- 2.59%
- 1M
- -1.07%
- YTD
- -3.71%
- 6M
- -4.20%
- 1Y
- 1.82%
- 3Y*
- 11.21%
- 5Y*
- 22.34%
- 10Y*
- 13.30%
IBIT vs. OMAB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
OMAB Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | -3.71% | 66.22% | -3.94% |
Correlation
The correlation between IBIT and OMAB is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.19 |
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Return for Risk
IBIT vs. OMAB — Risk / Return Rank
IBIT
OMAB
IBIT vs. OMAB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB). 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 | OMAB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.04 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 0.07 | -0.85 |
| Martin ratioReturn relative to average drawdown | -1.37 | 0.15 | -1.53 |
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Drawdowns
IBIT vs. OMAB - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, smaller than the maximum OMAB drawdown of -77.75%. Use the drawdown chart below to compare losses from any high point for IBIT and OMAB.
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Drawdown Indicators
| IBIT | OMAB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -77.75% | +25.64% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -26.87% | -25.24% |
Max Drawdown (3Y)Largest decline over 3 years | — | -41.78% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -41.78% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -68.88% | — |
Current DrawdownCurrent decline from peak | -49.45% | -22.41% | -27.04% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -22.70% | +6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 11.82% | +17.82% |
Volatility
IBIT vs. OMAB - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 12.07% compared to Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) at 8.11%. This indicates that IBIT's price experiences larger fluctuations and is considered to be riskier than OMAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | OMAB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 8.11% | +3.96% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 22.71% | +11.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 29.68% | +14.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 35.78% | +14.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 38.28% | +11.98% |
Dividends
IBIT vs. OMAB - Dividend Comparison
IBIT has not paid dividends to shareholders, while OMAB's dividend yield for the trailing twelve months is around 5.34%.
| 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% |
OMAB Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | 5.34% | 4.52% | 6.97% | 4.80% | 10.87% | 3.55% | 0.00% | 2.45% | 3.74% | 0.40% | 3.11% | 3.89% |
Frequently Asked Questions
IBIT and OMAB have a correlation of 0.11, 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 OMAB (8.11%). In terms of maximum drawdown, IBIT dropped -52.11% vs OMAB's -77.75%.
OMAB currently has the higher Sharpe Ratio (0.06 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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