IBIT vs. SCUS
IBIT (iShares Bitcoin Trust ETF) and SCUS (Schwab Ultra-Short Income ETF) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while SCUS is a Ultrashort Bond fund actively managed by Charles Schwab. IBIT is passively managed, while SCUS is actively managed. Over the past year, IBIT returned -45.30% vs 4.11% for SCUS. At a correlation of -0.09, they often move in opposite directions. IBIT charges 0.25%/yr vs 0.14%/yr for SCUS.
Performance
IBIT vs. SCUS - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -32.49% return, which is significantly lower than SCUS's 1.61% return.
IBIT
- 1D
- -1.03%
- 1M
- -22.03%
- YTD
- -32.49%
- 6M
- -32.23%
- 1Y
- -45.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCUS
- 1D
- 0.04%
- 1M
- 0.26%
- YTD
- 1.61%
- 6M
- 1.65%
- 1Y
- 4.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT vs. SCUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -32.49% | -6.41% | 57.70% |
SCUS Schwab Ultra-Short Income ETF | 1.61% | 4.51% | 2.00% |
Correlation
The correlation between IBIT and SCUS is -0.10, 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 | -0.10 |
Correlation (All Time) Calculated using the full available price history since Aug 13, 2024 | -0.09 |
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Return for Risk
IBIT vs. SCUS — Risk / Return Rank
IBIT
SCUS
IBIT vs. SCUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and Schwab Ultra-Short Income ETF (SCUS). 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 | SCUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.14 | ||
| Sortino ratioReturn per unit of downside risk | -13.32 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 2.67 | -1.84 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 24.75 | -25.61 |
| Martin ratioReturn relative to average drawdown | -1.47 | 106.95 | -108.41 |
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Drawdowns
IBIT vs. SCUS - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.98%, which is greater than SCUS's maximum drawdown of -0.17%. Use the drawdown chart below to compare losses from any high point for IBIT and SCUS.
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Drawdown Indicators
| IBIT | SCUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.98% | -0.17% | -52.81% |
Max Drawdown (1Y)Largest decline over 1 year | -52.98% | -0.17% | -52.81% |
Current DrawdownCurrent decline from peak | -52.98% | 0.00% | -52.98% |
Average DrawdownAverage peak-to-trough decline | -16.97% | -0.02% | -16.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.94% | 0.04% | +30.90% |
Volatility
IBIT vs. SCUS - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 13.43% compared to Schwab Ultra-Short Income ETF (SCUS) at 0.23%. This indicates that IBIT's price experiences larger fluctuations and is considered to be riskier than SCUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | SCUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.43% | 0.23% | +13.20% |
Volatility (6M)Calculated over the trailing 6-month period | 34.60% | 0.50% | +34.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.41% | 0.68% | +43.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.21% | 0.70% | +49.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.21% | 0.70% | +49.51% |
IBIT vs. SCUS - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is higher than SCUS's 0.14% 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. SCUS - Dividend Comparison
IBIT has not paid dividends to shareholders, while SCUS's dividend yield for the trailing twelve months is around 3.91%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% |
SCUS Schwab Ultra-Short Income ETF | 3.91% | 4.17% | 1.62% |
Frequently Asked Questions
IBIT and SCUS 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 (13.43%) compared to SCUS (0.23%). In terms of maximum drawdown, IBIT dropped -52.98% vs SCUS's -0.17%.
On 1-year performance, SCUS leads with 4.11% vs -45.30% for IBIT. On fees, SCUS is cheaper at 0.14% per year. On volatility, SCUS has been the lower-risk option at 0.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SCUS has performed better with a 4.11% return vs -45.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCUS is cheaper with a 0.14% expense ratio, compared with 0.25% for IBIT.
SCUS has the higher dividend yield at 3.91%, compared with 0.00% for IBIT.
IBIT is categorized as Cryptocurrency, while SCUS is Ultrashort Bond. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.25% for IBIT and 0.14% for SCUS.
SCUS currently has the higher Sharpe Ratio (6.11 vs -1.02), 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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