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 3.49% vs -38.74% for IBIT. At a 0.05 correlation, their price movements are largely independent. 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 0.69% return, which is significantly higher than IBIT's -25.48% return.
IBMQ
- 1D
- -0.08%
- 1M
- 0.16%
- YTD
- 0.69%
- 6M
- 1.27%
- 1Y
- 3.49%
- 3Y*
- 2.96%
- 5Y*
- 0.48%
- 10Y*
- —
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBMQ vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBMQ iShares iBonds Dec 2028 Term Muni Bond ETF | 0.69% | 4.09% | 0.99% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between IBMQ and IBIT is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 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.
| IBMQ | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.80 | ||
| Sortino ratioReturn per unit of downside risk | +5.64 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 0.86 | +0.74 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | -0.79 | +3.89 |
| Martin ratioReturn relative to average drawdown | 8.20 | -1.36 | +9.57 |
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
| IBMQ | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.91 | -0.89 | +3.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.30 | +0.06 |
Drawdowns
IBMQ vs. IBIT - Drawdown Comparison
The maximum IBMQ drawdown since its inception was -15.85%, smaller than the maximum IBIT drawdown of -49.36%. 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% | -49.36% | +33.51% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -49.36% | +48.23% |
Max Drawdown (3Y)Largest decline over 3 years | -3.57% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -11.51% | — | — |
Current DrawdownCurrent decline from peak | -0.33% | -48.10% | +47.77% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -16.02% | +12.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 28.44% | -28.01% |
Volatility
IBMQ vs. IBIT - Volatility Comparison
The current volatility for iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) is 0.34%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. 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 | 0.34% | 9.50% | -9.16% |
Volatility (6M)Calculated over the trailing 6-month period | 0.88% | 34.44% | -33.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.21% | 43.73% | -42.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.96% | 50.19% | -47.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.55% | 50.19% | -44.64% |
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 | 2.45% | 2.43% | 2.33% | 1.93% | 1.25% | 1.05% | 1.24% | 1.03% |
Frequently Asked Questions
IBMQ and IBIT have a correlation of 0.06, 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 IBMQ (0.34%). In terms of maximum drawdown, IBMQ dropped -15.85% vs IBIT's -49.36%.
On 1-year performance, IBMQ leads with 3.49% vs -38.74% for IBIT. On fees, IBMQ is cheaper at 0.18% per year. On volatility, IBMQ has been the lower-risk option at 0.34%. 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 3.49% return vs -38.74%. 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 2.45%, 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 (2.91 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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