IBMQ vs. IBIT
IBMQ (iShares iBonds Dec 2028 Term Muni Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IBMQ is a Municipal Bonds fund tracking the S&P AMT-Free Municipal Series Callable-Adjusted Dec 2028 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, IBMQ returned 2.02% vs -44.50% for IBIT. Their 0.05 correlation means their historical movements had little consistent relationship. IBMQ charges 0.18%/yr vs 0.25%/yr for IBIT.
Performance
IBMQ vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IBMQ achieves a 0.90% return, which is significantly higher than IBIT's -28.22% return.
IBMQ
- 1D
- 0.04%
- 1M
- -0.16%
- 6M
- 0.41%
- YTD
- 0.90%
- 1Y
- 2.02%
- 3Y*
- 2.88%
- 5Y*
- 0.35%
- 10Y*
- —
- ALL TIME*
- 1.95%
IBIT
- 1D
- -2.89%
- 1M
- 2.21%
- 6M
- -24.95%
- YTD
- -28.22%
- 1Y
- -44.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.30B | $1.34B | $1.68B | |
| $1.97M | $1.98M | $1.89M |
IBMQ vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBMQ iShares iBonds Dec 2028 Term Muni Bond ETF | 0.90% | 4.09% | 1.03% |
IBIT iShares Bitcoin Trust ETF | -28.22% | -6.41% | 89.87% |
Correlation
The correlation between IBMQ and IBIT is 0.08, 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. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.05 |
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Return for Risk
IBMQ vs. IBIT — Risk / Return Rank
IBMQ
IBIT
IBMQ vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) 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.
| IBMQ | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.99 | ||
| Sortino ratioReturn per unit of downside risk | +4.42 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.83 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | -0.87 | +2.96 |
| Martin ratioReturn relative to average drawdown | 5.46 | -1.34 | +6.79 |
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Drawdowns
IBMQ vs. IBIT - Drawdown Comparison
The maximum IBMQ drawdown since its inception was -15.85%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for IBMQ and IBIT.
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Drawdown Indicators
| IBMQ | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.85% | -53.30% | +37.45% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -53.30% | +52.17% |
Max Drawdown (3Y)Largest decline over 3 years | -2.64% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -11.45% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | -50.01% | +49.76% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -18.24% | +15.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 34.66% | -34.23% |
Volatility
IBMQ vs. IBIT - Volatility Comparison
The current volatility for iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) is 0.37%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.21%. This indicates that IBMQ 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
| IBMQ | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.37% | 9.21% | -8.84% |
Volatility (6M)Calculated over the trailing 6-month period | 0.88% | 33.74% | -32.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.22% | 44.46% | -43.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.94% | 49.60% | -46.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.49% | 49.60% | -44.11% |
IBMQ vs. IBIT - Expense Ratio Comparison
IBMQ 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
IBMQ vs. IBIT - Dividend Comparison
IBMQ's dividend yield for the trailing twelve months is around 2.45%, 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% |
IBMQ iShares iBonds Dec 2028 Term Muni Bond ETF | 2.24% | 2.43% | 2.33% | 1.93% | 1.25% | 1.05% | 1.24% | 1.03% |
Frequently Asked Questions
IBMQ and IBIT have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.21%) compared to IBMQ (0.37%). In terms of maximum drawdown, IBMQ dropped -15.85% vs IBIT's -53.30%.
On 1-year performance, IBMQ leads with 2.02% vs -44.50% for IBIT. On fees, IBMQ is cheaper at 0.18% per year. On volatility, IBMQ has been the lower-risk option at 0.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBMQ has performed better with a 2.02% return vs -44.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBMQ is cheaper with a 0.18% expense ratio, compared with 0.25% for IBIT.
IBMQ has the higher dividend yield at 2.24%, compared with 0.00% for IBIT.
IBMQ is categorized as Municipal Bonds, while IBIT is Cryptocurrency. IBMQ tracks S&P AMT-Free Municipal Series Callable-Adjusted Dec 2028 Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.18% for IBMQ and 0.25% for IBIT.
IBMQ currently has the higher Sharpe Ratio (1.95 vs -1.04), 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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