IBIT vs. RAAX
IBIT (iShares Bitcoin Trust ETF) and RAAX (VanEck Inflation Allocation ETF) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while RAAX is a Diversified Portfolio fund actively managed by VanEck. IBIT is passively managed, while RAAX is actively managed. Over the past year, IBIT returned -39.67% vs 32.08% for RAAX. At a 0.23 correlation, their price movements are largely independent. IBIT charges 0.25%/yr vs 0.78%/yr for RAAX.
Performance
IBIT vs. RAAX - 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 RAAX's 17.64% return.
IBIT
- 1D
- -0.03%
- 1M
- -19.59%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RAAX
- 1D
- 2.26%
- 1M
- -1.84%
- YTD
- 17.64%
- 6M
- 17.56%
- 1Y
- 32.08%
- 3Y*
- 21.35%
- 5Y*
- 13.17%
- 10Y*
- —
IBIT vs. RAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
RAAX VanEck Inflation Allocation ETF | 17.64% | 26.74% | 15.57% |
Correlation
The correlation between IBIT and RAAX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.23 |
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Return for Risk
IBIT vs. RAAX — Risk / Return Rank
IBIT
RAAX
IBIT vs. RAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and VanEck Inflation Allocation ETF (RAAX). 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 | RAAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.29 | ||
| Sortino ratioReturn per unit of downside risk | -4.40 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.43 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 4.68 | -5.46 |
| Martin ratioReturn relative to average drawdown | -1.37 | 16.90 | -18.28 |
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Drawdowns
IBIT vs. RAAX - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, which is greater than RAAX's maximum drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for IBIT and RAAX.
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Drawdown Indicators
| IBIT | RAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -33.91% | -18.20% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -7.17% | -44.94% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.59% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.55% | — |
Current DrawdownCurrent decline from peak | -49.45% | -3.77% | -45.68% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -6.77% | -9.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 1.98% | +27.66% |
Volatility
IBIT vs. RAAX - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 12.07% compared to VanEck Inflation Allocation ETF (RAAX) at 4.67%. This indicates that IBIT's price experiences larger fluctuations and is considered to be riskier than RAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | RAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 4.67% | +7.40% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 12.21% | +22.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 14.18% | +29.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 15.70% | +34.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 15.79% | +34.47% |
IBIT vs. RAAX - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is lower than RAAX's 0.78% expense ratio.
Dividends
IBIT vs. RAAX - Dividend Comparison
IBIT has not paid dividends to shareholders, while RAAX's dividend yield for the trailing twelve months is around 1.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RAAX VanEck Inflation Allocation ETF | 1.99% | 2.34% | 1.91% | 3.66% | 1.53% | 8.72% | 6.27% | 2.37% | 0.56% |
Frequently Asked Questions
IBIT and RAAX have a correlation of 0.23, 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 RAAX (4.67%). In terms of maximum drawdown, IBIT dropped -52.11% vs RAAX's -33.91%.
On 1-year performance, RAAX leads with 32.08% vs -39.67% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, RAAX has been the lower-risk option at 4.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, RAAX has performed better with a 32.08% return vs -39.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.78% for RAAX.
RAAX has the higher dividend yield at 1.99%, compared with 0.00% for IBIT.
IBIT is categorized as Cryptocurrency, while RAAX is Diversified Portfolio. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.25% for IBIT and 0.78% for RAAX.
RAAX currently has the higher Sharpe Ratio (2.37 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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