IBMO vs. IBIT
IBMO (iShares iBonds Dec 2026 Term Muni Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IBMO is a Municipal Bonds fund tracking the S&P AMT-Free Municipal Series Callable-Adjusted Dec 2026 Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, IBMO returned 2.34% vs -43.69% for IBIT. Their 0.01 correlation means their historical movements had little consistent relationship. IBMO charges 0.18%/yr vs 0.25%/yr for IBIT.
Performance
IBMO vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IBMO achieves a 1.22% return, which is significantly higher than IBIT's -27.17% return.
IBMO
- 1D
- -0.04%
- 1M
- 0.16%
- 6M
- 1.09%
- YTD
- 1.22%
- 1Y
- 2.34%
- 3Y*
- 3.01%
- 5Y*
- 0.62%
- 10Y*
- —
- ALL TIME*
- 1.84%
IBIT
- 1D
- 1.46%
- 1M
- 3.70%
- 6M
- -18.23%
- YTD
- -27.17%
- 1Y
- -43.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.33B | $1.34B | $1.65B | |
| $1.89M | $1.94M | $1.71M |
IBMO vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 1.22% | 3.11% | 2.25% |
IBIT iShares Bitcoin Trust ETF | -27.17% | -6.41% | 89.87% |
Correlation
The correlation between IBMO and IBIT is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.01 |
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Return for Risk
IBMO vs. IBIT — Risk / Return Rank
IBMO
IBIT
IBMO vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) and iShares Bitcoin Trust ETF (IBIT). 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.
| IBMO | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.05 | ||
| Sortino ratioReturn per unit of downside risk | +4.69 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.84 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 6.22 | -0.82 | +7.04 |
| Martin ratioReturn relative to average drawdown | 18.35 | -1.26 | +19.61 |
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Drawdowns
IBMO vs. IBIT - Drawdown Comparison
The maximum IBMO drawdown since its inception was -14.77%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for IBMO and IBIT.
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Drawdown Indicators
| IBMO | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.77% | -53.30% | +38.53% |
Max Drawdown (1Y)Largest decline over 1 year | -0.38% | -53.30% | +52.92% |
Max Drawdown (3Y)Largest decline over 3 years | -1.21% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -8.77% | — | — |
Current DrawdownCurrent decline from peak | -0.04% | -49.28% | +49.24% |
Average DrawdownAverage peak-to-trough decline | -2.27% | -18.29% | +16.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.13% | 34.80% | -34.67% |
Volatility
IBMO vs. IBIT - Volatility Comparison
The current volatility for iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) is 0.36%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.98%. This indicates that IBMO experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBMO | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 8.98% | -8.62% |
Volatility (6M)Calculated over the trailing 6-month period | 0.72% | 33.79% | -33.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.14% | 44.48% | -43.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.14% | 49.57% | -47.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 49.57% | -45.10% |
IBMO vs. IBIT - Expense Ratio Comparison
IBMO has a 0.18% expense ratio, which is lower than IBIT's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBMO vs. IBIT - Dividend Comparison
IBMO's dividend yield for the trailing twelve months is around 2.40%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 2.40% | 2.37% | 2.15% | 1.65% | 0.89% | 0.62% | 1.03% | 1.01% |
Frequently Asked Questions
IBMO and IBIT have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (8.98%) compared to IBMO (0.36%). In terms of maximum drawdown, IBMO dropped -14.77% vs IBIT's -53.30%.
On 1-year performance, IBMO leads with 2.34% vs -43.69% for IBIT. On fees, IBMO is cheaper at 0.18% per year. On volatility, IBMO has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBMO has performed better with a 2.34% return vs -43.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBMO is cheaper with a 0.18% expense ratio, compared with 0.25% for IBIT.
IBMO has the higher dividend yield at 2.40%, compared with 0.00% for IBIT.
IBMO is categorized as Municipal Bonds, while IBIT is Cryptocurrency. IBMO tracks S&P AMT-Free Municipal Series Callable-Adjusted Dec 2026 Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.18% for IBMO and 0.25% for IBIT.
IBMO currently has the higher Sharpe Ratio (2.06 vs -0.99), 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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