IBMP vs. IBIT
IBMP (iShares iBonds Dec 2027 Term Muni Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IBMP is a Municipal Bonds fund tracking the S&P AMT-Free Municipal Callable Factor Adjusted 2027 Series 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, IBMP returned 3.04% vs -38.74% for IBIT. At a 0.06 correlation, their price movements are largely independent. IBMP charges 0.18%/yr vs 0.25%/yr for IBIT.
Performance
IBMP vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IBMP achieves a 0.89% return, which is significantly higher than IBIT's -25.48% return.
IBMP
- 1D
- 0.00%
- 1M
- 0.21%
- YTD
- 0.89%
- 6M
- 1.26%
- 1Y
- 3.04%
- 3Y*
- 2.97%
- 5Y*
- 0.59%
- 10Y*
- —
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBMP vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBMP iShares iBonds Dec 2027 Term Muni Bond ETF | 0.89% | 3.52% | 1.56% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between IBMP and IBIT 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 12, 2024 | 0.06 |
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Return for Risk
IBMP vs. IBIT — Risk / Return Rank
IBMP
IBIT
IBMP vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP) 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.
| IBMP | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.72 | ||
| Sortino ratioReturn per unit of downside risk | +5.61 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 0.86 | +0.74 |
| Calmar ratioReturn relative to maximum drawdown | 5.14 | -0.79 | +5.92 |
| Martin ratioReturn relative to average drawdown | 14.24 | -1.36 | +15.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBMP | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.83 | -0.89 | +3.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.30 | +0.08 |
Drawdowns
IBMP vs. IBIT - Drawdown Comparison
The maximum IBMP drawdown since its inception was -15.24%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for IBMP and IBIT.
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Drawdown Indicators
| IBMP | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.24% | -49.36% | +34.12% |
Max Drawdown (1Y)Largest decline over 1 year | -0.59% | -49.36% | +48.77% |
Max Drawdown (3Y)Largest decline over 3 years | -2.63% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -10.00% | — | — |
Current DrawdownCurrent decline from peak | -0.01% | -48.10% | +48.09% |
Average DrawdownAverage peak-to-trough decline | -2.72% | -16.02% | +13.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 28.44% | -28.23% |
Volatility
IBMP vs. IBIT - Volatility Comparison
The current volatility for iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP) is 0.27%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that IBMP 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
| IBMP | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.27% | 9.50% | -9.23% |
Volatility (6M)Calculated over the trailing 6-month period | 0.79% | 34.44% | -33.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.08% | 43.73% | -42.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.56% | 50.19% | -47.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.01% | 50.19% | -45.18% |
IBMP vs. IBIT - Expense Ratio Comparison
IBMP 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
IBMP vs. IBIT - Dividend Comparison
IBMP's dividend yield for the trailing twelve months is around 2.50%, 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% |
IBMP iShares iBonds Dec 2027 Term Muni Bond ETF | 2.50% | 2.47% | 2.35% | 2.05% | 1.26% | 0.86% | 1.16% | 1.06% |
Frequently Asked Questions
IBMP and IBIT 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 (9.50%) compared to IBMP (0.27%). In terms of maximum drawdown, IBMP dropped -15.24% vs IBIT's -49.36%.
On 1-year performance, IBMP leads with 3.04% vs -38.74% for IBIT. On fees, IBMP is cheaper at 0.18% per year. On volatility, IBMP has been the lower-risk option at 0.27%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBMP has performed better with a 3.04% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBMP is cheaper with a 0.18% expense ratio, compared with 0.25% for IBIT.
IBMP has the higher dividend yield at 2.50%, compared with 0.00% for IBIT.
IBMP is categorized as Municipal Bonds, while IBIT is Cryptocurrency. IBMP tracks S&P AMT-Free Municipal Callable Factor Adjusted 2027 Series Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.18% for IBMP and 0.25% for IBIT.
IBMP currently has the higher Sharpe Ratio (2.83 vs -0.89), 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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