IBIT vs. XNTK
IBIT (iShares Bitcoin Trust ETF) and XNTK (SPDR NYSE Technology ETF) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while XNTK is a Technology Equities fund tracking the NYSE Technology Index. Both are passively managed. Over the past year, IBIT returned -39.67% vs 65.70% for XNTK. At a 0.42 correlation, their price movements are largely independent. IBIT charges 0.25%/yr vs 0.35%/yr for XNTK.
Performance
IBIT vs. XNTK - 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 XNTK's 32.86% return.
IBIT
- 1D
- -0.03%
- 1M
- -19.59%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XNTK
- 1D
- 0.69%
- 1M
- 9.85%
- YTD
- 32.86%
- 6M
- 32.78%
- 1Y
- 65.70%
- 3Y*
- 39.05%
- 5Y*
- 19.92%
- 10Y*
- 25.25%
IBIT vs. XNTK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
XNTK SPDR NYSE Technology ETF | 32.86% | 38.06% | 24.57% |
Correlation
The correlation between IBIT and XNTK is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.42 |
The correlation between IBIT and XNTK has been stable across timeframes, ranging from 0.42 to 0.52 - a consistent structural relationship.
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Return for Risk
IBIT vs. XNTK — Risk / Return Rank
IBIT
XNTK
IBIT vs. XNTK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and SPDR NYSE Technology ETF (XNTK). 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 | XNTK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.42 | ||
| Sortino ratioReturn per unit of downside risk | -4.31 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.42 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 3.73 | -4.52 |
| Martin ratioReturn relative to average drawdown | -1.37 | 12.16 | -13.54 |
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Drawdowns
IBIT vs. XNTK - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, smaller than the maximum XNTK drawdown of -72.38%. Use the drawdown chart below to compare losses from any high point for IBIT and XNTK.
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Drawdown Indicators
| IBIT | XNTK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -72.38% | +20.27% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -17.00% | -35.11% |
Max Drawdown (3Y)Largest decline over 3 years | — | -28.11% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.28% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.28% | — |
Current DrawdownCurrent decline from peak | -49.45% | -4.70% | -44.75% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -21.28% | +4.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 5.21% | +24.43% |
Volatility
IBIT vs. XNTK - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) and SPDR NYSE Technology ETF (XNTK) have volatilities of 12.07% and 12.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | XNTK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 12.53% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 20.87% | +13.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 25.43% | +18.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 28.25% | +22.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 26.82% | +23.44% |
IBIT vs. XNTK - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is lower than XNTK's 0.35% expense ratio.
Dividends
IBIT vs. XNTK - Dividend Comparison
IBIT has not paid dividends to shareholders, while XNTK's dividend yield for the trailing twelve months is around 0.17%.
| 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% |
XNTK SPDR NYSE Technology ETF | 0.17% | 0.23% | 0.42% | 0.34% | 0.85% | 0.34% | 0.30% | 0.61% | 29.64% | 1.29% | 0.81% | 0.93% |
Frequently Asked Questions
IBIT and XNTK have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XNTK has higher volatility (12.53%) compared to IBIT (12.07%). In terms of maximum drawdown, IBIT dropped -52.11% vs XNTK's -72.38%.
On 1-year performance, XNTK leads with 65.70% vs -39.67% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 12.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XNTK has performed better with a 65.70% return vs -39.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.35% for XNTK.
XNTK has the higher dividend yield at 0.17%, compared with 0.00% for IBIT.
IBIT is categorized as Cryptocurrency, while XNTK is Technology Equities. IBIT tracks CME CF Bitcoin Reference Rate - New York Variant, while XNTK tracks NYSE Technology Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.25% for IBIT and 0.35% for XNTK.
XNTK currently has the higher Sharpe Ratio (2.50 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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