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 -40.63% vs -4.80% 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 -27.41% return, which is significantly lower than VNO's 14.99% return.
IBIT
- 1D
- -0.03%
- 1M
- -20.12%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VNO
- 1D
- -1.80%
- 1M
- 24.70%
- YTD
- 14.99%
- 6M
- 10.65%
- 1Y
- -4.80%
- 3Y*
- 37.06%
- 5Y*
- -2.11%
- 10Y*
- -3.07%
IBIT vs. VNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
VNO Vornado Realty Trust | 14.99% | -19.09% | 51.32% |
Correlation
The correlation between IBIT and VNO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
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 | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.00 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.12 | -0.67 |
| Martin ratioReturn relative to average drawdown | -1.37 | -0.23 | -1.14 |
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Drawdowns
IBIT vs. VNO - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, 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 | -52.11% | -80.89% | +28.78% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -41.22% | -10.89% |
Max Drawdown (3Y)Largest decline over 3 years | — | -43.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -72.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.89% | — |
Current DrawdownCurrent decline from peak | -49.45% | -37.96% | -11.49% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -20.60% | +4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 21.24% | +8.40% |
Volatility
IBIT vs. VNO - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 12.07% compared to Vornado Realty Trust (VNO) at 10.59%. 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 | 12.07% | 10.59% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 23.66% | +10.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 33.35% | +10.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 41.70% | +8.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 39.15% | +11.11% |
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 1.93%.
| 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 | 1.93% | 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 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (12.07%) compared to VNO (10.59%). In terms of maximum drawdown, IBIT dropped -52.11% vs VNO's -80.89%.
VNO currently has the higher Sharpe Ratio (-0.14 vs -0.92), 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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