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 -43.61% vs 4.11% for RBIL. At a correlation of -0.07, they often move in opposite directions. 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 -31.78% return, which is significantly lower than RBIL's 2.26% return.
IBIT
- 1D
- -4.08%
- 1M
- -21.16%
- YTD
- -31.78%
- 6M
- -31.52%
- 1Y
- -43.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RBIL
- 1D
- -0.06%
- 1M
- -0.25%
- YTD
- 2.26%
- 6M
- 2.29%
- 1Y
- 4.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT vs. RBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBIT iShares Bitcoin Trust ETF | -31.78% | -7.04% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 2.26% | 2.85% |
Correlation
The correlation between IBIT and RBIL is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025 | -0.07 |
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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 | -5.38 | ||
| Sortino ratioReturn per unit of downside risk | -8.23 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 2.15 | -1.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 7.33 | -8.16 |
| Martin ratioReturn relative to average drawdown | -1.42 | 40.56 | -41.98 |
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Drawdowns
IBIT vs. RBIL - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.49%, 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 | -52.49% | -0.56% | -51.93% |
Max Drawdown (1Y)Largest decline over 1 year | -52.49% | -0.56% | -51.93% |
Current DrawdownCurrent decline from peak | -52.49% | -0.56% | -51.93% |
Average DrawdownAverage peak-to-trough decline | -16.91% | -0.07% | -16.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.76% | 0.10% | +30.66% |
Volatility
IBIT vs. RBIL - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 13.48% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.36%. 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 | 13.48% | 0.36% | +13.12% |
Volatility (6M)Calculated over the trailing 6-month period | 34.60% | 0.85% | +33.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.48% | 0.94% | +43.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.25% | 1.07% | +49.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.25% | 1.07% | +49.18% |
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 4.39%.
| Position | TTM | 2025 |
|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 4.39% | 3.65% |
Frequently Asked Questions
IBIT and RBIL have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (13.48%) compared to RBIL (0.36%). In terms of maximum drawdown, IBIT dropped -52.49% vs RBIL's -0.56%.
On 1-year performance, RBIL leads with 4.11% vs -43.61% for IBIT. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.36%. 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 4.11% return vs -43.61%. 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 4.39%, 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 (4.40 vs -0.98), 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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