IBIT vs. VNO
IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while VNO (Vornado Realty Trust) is a stock. Over the past year, IBIT returned -44.68% vs 5.89% for VNO. At a 0.23 correlation, their price movements are largely independent.
Performance
IBIT vs. VNO - 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 VNO's 19.41% return.
IBIT
- 1D
- 1.49%
- 1M
- 3.57%
- 6M
- -31.99%
- YTD
- -25.70%
- 1Y
- -44.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.65%
VNO
- 1D
- -1.49%
- 1M
- 5.10%
- 6M
- 18.10%
- YTD
- 19.41%
- 1Y
- 5.89%
- 3Y*
- 27.13%
- 5Y*
- 0.50%
- 10Y*
- -3.48%
- ALL TIME*
- 9.75%
IBIT vs. VNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -25.70% | -6.41% | 89.87% |
VNO Vornado Realty Trust | 19.41% | -19.09% | 51.32% |
Correlation
The correlation between IBIT and VNO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
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. VNO — Risk / Return Rank
IBIT
VNO
IBIT vs. VNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and Vornado Realty Trust (VNO). 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 | VNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.06 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 0.14 | -0.98 |
| Martin ratioReturn relative to average drawdown | -1.34 | 0.28 | -1.62 |
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Drawdowns
IBIT vs. VNO - Drawdown Comparison
The maximum IBIT drawdown since its inception was -53.30%, smaller than the maximum VNO drawdown of -80.89%. Use the drawdown chart below to compare losses from any high point for IBIT and VNO.
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Drawdown Indicators
| IBIT | VNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.30% | -80.89% | +27.59% |
Max Drawdown (1Y)Largest decline over 1 year | -53.30% | -41.22% | -12.08% |
Max Drawdown (3Y)Largest decline over 3 years | — | -43.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -71.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.89% | — |
Current DrawdownCurrent decline from peak | -48.25% | -35.57% | -12.68% |
Average DrawdownAverage peak-to-trough decline | -17.81% | -20.64% | +2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.42% | 21.21% | +12.21% |
Volatility
IBIT vs. VNO - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 10.67% compared to Vornado Realty Trust (VNO) at 8.20%. This indicates that IBIT's price experiences larger fluctuations and is considered to be riskier than VNO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | VNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.67% | 8.20% | +2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 34.60% | 24.65% | +9.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.40% | 33.18% | +11.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.85% | 41.65% | +8.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.85% | 39.24% | +10.61% |
Dividends
IBIT vs. VNO - Dividend Comparison
IBIT has not paid dividends to shareholders, while VNO's dividend yield for the trailing twelve months is around 1.86%.
| 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% |
VNO Vornado Realty Trust | 1.86% | 2.22% | 1.76% | 2.39% | 10.19% | 5.06% | 6.37% | 6.90% | 4.06% | 3.00% | 2.41% | 14.41% |
Frequently Asked Questions
IBIT and VNO have a correlation of 0.24, 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 VNO (8.20%). In terms of maximum drawdown, IBIT dropped -53.30% vs VNO's -80.89%.
VNO currently has the higher Sharpe Ratio (0.18 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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