IBIT vs. PRIM
IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while PRIM (Primoris Services Corporation) is a stock. Over the past year, IBIT returned -40.63% vs 34.20% for PRIM. At a 0.30 correlation, their price movements are largely independent.
Performance
IBIT vs. PRIM - 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 PRIM's -20.49% return.
IBIT
- 1D
- -0.03%
- 1M
- -20.12%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PRIM
- 1D
- 4.39%
- 1M
- -12.65%
- YTD
- -20.49%
- 6M
- -21.78%
- 1Y
- 34.20%
- 3Y*
- 49.59%
- 5Y*
- 25.74%
- 10Y*
- 18.47%
IBIT vs. PRIM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
PRIM Primoris Services Corporation | -20.49% | 63.08% | 137.43% |
Correlation
The correlation between IBIT and PRIM is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.30 |
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Return for Risk
IBIT vs. PRIM — Risk / Return Rank
IBIT
PRIM
IBIT vs. PRIM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and Primoris Services Corporation (PRIM). 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 | PRIM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.21 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 0.64 | -1.42 |
| Martin ratioReturn relative to average drawdown | -1.37 | 2.08 | -3.45 |
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Drawdowns
IBIT vs. PRIM - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, smaller than the maximum PRIM drawdown of -68.51%. Use the drawdown chart below to compare losses from any high point for IBIT and PRIM.
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Drawdown Indicators
| IBIT | PRIM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -68.51% | +16.40% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -53.74% | +1.63% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.74% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -53.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -65.73% | — |
Current DrawdownCurrent decline from peak | -49.45% | -51.38% | +1.93% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -22.76% | +6.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 16.52% | +13.12% |
Volatility
IBIT vs. PRIM - Volatility Comparison
The current volatility for iShares Bitcoin Trust ETF (IBIT) is 12.07%, while Primoris Services Corporation (PRIM) has a volatility of 25.85%. This indicates that IBIT experiences smaller price fluctuations and is considered to be less risky than PRIM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | PRIM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 25.85% | -13.78% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 82.18% | -47.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 73.27% | -29.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 48.18% | +2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 45.40% | +4.86% |
Dividends
IBIT vs. PRIM - Dividend Comparison
IBIT has not paid dividends to shareholders, while PRIM's dividend yield for the trailing twelve months is around 0.32%.
| 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% |
PRIM Primoris Services Corporation | 0.32% | 0.26% | 0.34% | 0.72% | 1.09% | 1.00% | 0.87% | 1.08% | 1.25% | 0.83% | 0.97% | 0.93% |
Frequently Asked Questions
IBIT and PRIM have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRIM has higher volatility (25.85%) compared to IBIT (12.07%). In terms of maximum drawdown, IBIT dropped -52.11% vs PRIM's -68.51%.
PRIM currently has the higher Sharpe Ratio (0.47 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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