IBIT vs. RBIL
IBIT (iShares Bitcoin Trust ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. Both are passively managed. Over the past year, IBIT returned -44.19% vs 3.85% for RBIL. Their -0.08 correlation means they have often moved in opposite directions in the past. IBIT charges 0.25%/yr vs 0.17%/yr for RBIL.
Performance
IBIT vs. RBIL - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -26.71% return, which is significantly lower than RBIL's 2.64% return.
IBIT
- 1D
- 0.64%
- 1M
- 4.36%
- 6M
- -15.96%
- YTD
- -26.71%
- 1Y
- -44.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.86%
RBIL
- 1D
- -0.04%
- 1M
- 0.20%
- 6M
- 2.28%
- YTD
- 2.64%
- 1Y
- 3.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.29B | $1.33B | $1.64B | |
| $1.13M | $1.88M | $2.27M |
IBIT vs. RBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBIT iShares Bitcoin Trust ETF | -26.71% | -7.04% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 2.64% | 2.85% |
Correlation
The correlation between IBIT and RBIL is -0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025 | -0.08 |
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Return for Risk
IBIT vs. RBIL — Risk / Return Rank
IBIT
RBIL
IBIT vs. RBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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 | RBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.02 | ||
| Sortino ratioReturn per unit of downside risk | -7.67 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 2.02 | -1.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 6.87 | -7.70 |
| Martin ratioReturn relative to average drawdown | -1.27 | 27.96 | -29.23 |
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Drawdowns
IBIT vs. RBIL - Drawdown Comparison
The maximum IBIT drawdown since its inception was -53.30%, which is greater than RBIL's maximum drawdown of -0.56%. Use the drawdown chart below to compare losses from any high point for IBIT and RBIL.
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Drawdown Indicators
| IBIT | RBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.30% | -0.56% | -52.74% |
Max Drawdown (1Y)Largest decline over 1 year | -53.30% | -0.56% | -52.74% |
Current DrawdownCurrent decline from peak | -48.95% | -0.19% | -48.76% |
Average DrawdownAverage peak-to-trough decline | -18.34% | -0.08% | -18.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.94% | 0.14% | +34.80% |
Volatility
IBIT vs. RBIL - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 8.29% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.31%. This indicates that IBIT's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | RBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 0.31% | +7.98% |
Volatility (6M)Calculated over the trailing 6-month period | 33.07% | 0.89% | +32.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.40% | 0.96% | +43.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.53% | 1.06% | +48.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.53% | 1.06% | +48.47% |
IBIT vs. RBIL - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is higher than RBIL's 0.17% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBIT vs. RBIL - Dividend Comparison
IBIT has not paid dividends to shareholders, while RBIL's dividend yield for the trailing twelve months is around 4.16%.
| Position | TTM | 2025 |
|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 4.16% | 3.65% |
Frequently Asked Questions
IBIT and RBIL have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (8.29%) compared to RBIL (0.31%). In terms of maximum drawdown, IBIT dropped -53.30% vs RBIL's -0.56%.
On 1-year performance, RBIL leads with 3.85% vs -44.19% for IBIT. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, RBIL has performed better with a 3.85% return vs -44.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RBIL is cheaper with a 0.17% expense ratio, compared with 0.25% for IBIT.
RBIL has the higher dividend yield at 4.16%, compared with 0.00% for IBIT.
IBIT is categorized as Cryptocurrency, while RBIL is Inflation-Protected Bonds. IBIT tracks CME CF Bitcoin Reference Rate - New York Variant, while RBIL tracks Bloomberg US Ultrashort TIPS 1-13 Months Index. They also come from different issuers: iShares and F/m. Their fees differ too: 0.25% for IBIT and 0.17% for RBIL.
RBIL currently has the higher Sharpe Ratio (4.02 vs -1.00), 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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