IBIT vs. SWRSX
IBIT (iShares Bitcoin Trust ETF) and SWRSX (Schwab Treasury Inflation Protected Securities Index Fund) are both funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while SWRSX is a Inflation-Protected Bonds fund managed by Charles Schwab. Over the past year, IBIT returned -44.68% vs 3.24% for SWRSX. At a 0.03 correlation, their price movements are largely independent. IBIT charges 0.25%/yr vs 0.05%/yr for SWRSX.
Performance
IBIT vs. SWRSX - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -25.70% return, which is significantly lower than SWRSX's 1.20% return.
IBIT
- 1D
- 1.49%
- 1M
- 3.57%
- 6M
- -31.99%
- YTD
- -25.70%
- 1Y
- -44.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.65%
SWRSX
- 1D
- 0.29%
- 1M
- -0.03%
- 6M
- 1.10%
- YTD
- 1.20%
- 1Y
- 3.24%
- 3Y*
- 3.82%
- 5Y*
- 0.66%
- 10Y*
- 2.45%
- ALL TIME*
- 3.33%
IBIT vs. SWRSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -25.70% | -6.41% | 89.87% |
SWRSX Schwab Treasury Inflation Protected Securities Index Fund | 1.20% | 6.84% | 2.55% |
Correlation
The correlation between IBIT and SWRSX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.03 |
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Return for Risk
IBIT vs. SWRSX — Risk / Return Rank
IBIT
SWRSX
IBIT vs. SWRSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and Schwab Treasury Inflation Protected Securities Index Fund (SWRSX). 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 | SWRSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -3.04 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.18 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 1.76 | -2.60 |
| Martin ratioReturn relative to average drawdown | -1.34 | 5.05 | -6.38 |
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Drawdowns
IBIT vs. SWRSX - Drawdown Comparison
The maximum IBIT drawdown since its inception was -53.30%, which is greater than SWRSX's maximum drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for IBIT and SWRSX.
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Drawdown Indicators
| IBIT | SWRSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.30% | -14.29% | -39.01% |
Max Drawdown (1Y)Largest decline over 1 year | -53.30% | -1.90% | -51.40% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.29% | — |
Current DrawdownCurrent decline from peak | -48.25% | -0.61% | -47.64% |
Average DrawdownAverage peak-to-trough decline | -17.81% | -3.71% | -14.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.42% | 0.66% | +32.76% |
Volatility
IBIT vs. SWRSX - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 10.67% compared to Schwab Treasury Inflation Protected Securities Index Fund (SWRSX) at 1.14%. This indicates that IBIT's price experiences larger fluctuations and is considered to be riskier than SWRSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | SWRSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.67% | 1.14% | +9.53% |
Volatility (6M)Calculated over the trailing 6-month period | 34.60% | 2.41% | +32.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.40% | 3.24% | +41.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.85% | 6.02% | +43.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.85% | 5.36% | +44.49% |
IBIT vs. SWRSX - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is higher than SWRSX's 0.05% 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. SWRSX - Dividend Comparison
IBIT has not paid dividends to shareholders, while SWRSX's dividend yield for the trailing twelve months is around 4.42%.
| 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% |
SWRSX Schwab Treasury Inflation Protected Securities Index Fund | 4.42% | 4.20% | 3.68% | 3.11% | 7.95% | 4.45% | 1.33% | 2.20% | 2.87% | 1.75% | 1.81% | 1.06% |
Frequently Asked Questions
IBIT and SWRSX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (10.67%) compared to SWRSX (1.14%). In terms of maximum drawdown, IBIT dropped -53.30% vs SWRSX's -14.29%.
SWRSX currently has the higher Sharpe Ratio (1.04 vs -1.01), 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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