IBMR vs. IBIT
IBMR (iShares iBonds Dec 2029 Term Muni Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IBMR is a Municipal Bonds fund tracking the S&P AMT-Free Municipal Series Callable-Adjusted 2029 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, IBMR returned 1.72% vs -43.69% for IBIT. Their 0.03 correlation means their historical movements had little consistent relationship. IBMR charges 0.18%/yr vs 0.25%/yr for IBIT.
Performance
IBMR vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IBMR achieves a 0.49% return, which is significantly higher than IBIT's -27.17% return.
IBMR
- 1D
- 0.05%
- 1M
- -0.46%
- 6M
- -0.33%
- YTD
- 0.49%
- 1Y
- 1.72%
- 3Y*
- 3.25%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.61%
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 | |
| $1.30M | $1.37M | $1.46M |
IBMR vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBMR iShares iBonds Dec 2029 Term Muni Bond ETF | 0.49% | 4.45% | 0.30% |
IBIT iShares Bitcoin Trust ETF | -27.17% | -6.41% | 89.87% |
Correlation
The correlation between IBMR and IBIT is 0.10, 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. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.03 |
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Return for Risk
IBMR vs. IBIT — Risk / Return Rank
IBMR
IBIT
IBMR vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2029 Term Muni Bond ETF (IBMR) 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.
| IBMR | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.05 | ||
| Sortino ratioReturn per unit of downside risk | +2.93 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.84 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | -0.82 | +1.93 |
| Martin ratioReturn relative to average drawdown | 2.67 | -1.26 | +3.93 |
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Drawdowns
IBMR vs. IBIT - Drawdown Comparison
The maximum IBMR drawdown since its inception was -4.83%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for IBMR and IBIT.
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Drawdown Indicators
| IBMR | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.83% | -53.30% | +48.47% |
Max Drawdown (1Y)Largest decline over 1 year | -1.55% | -53.30% | +51.75% |
Max Drawdown (3Y)Largest decline over 3 years | -3.63% | — | — |
Current DrawdownCurrent decline from peak | -0.90% | -49.28% | +48.38% |
Average DrawdownAverage peak-to-trough decline | -1.00% | -18.29% | +17.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 34.80% | -34.16% |
Volatility
IBMR vs. IBIT - Volatility Comparison
The current volatility for iShares iBonds Dec 2029 Term Muni Bond ETF (IBMR) is 0.43%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.98%. This indicates that IBMR 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
| IBMR | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 8.98% | -8.55% |
Volatility (6M)Calculated over the trailing 6-month period | 1.10% | 33.79% | -32.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.62% | 44.48% | -42.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.00% | 49.57% | -46.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.00% | 49.57% | -46.57% |
IBMR vs. IBIT - Expense Ratio Comparison
IBMR 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
IBMR vs. IBIT - Dividend Comparison
IBMR's dividend yield for the trailing twelve months is around 2.54%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% |
IBMR iShares iBonds Dec 2029 Term Muni Bond ETF | 2.54% | 2.55% | 2.53% | 1.27% |
Frequently Asked Questions
IBMR and IBIT have a correlation of 0.10, 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 IBMR (0.43%). In terms of maximum drawdown, IBMR dropped -4.83% vs IBIT's -53.30%.
On 1-year performance, IBMR leads with 1.72% vs -43.69% for IBIT. On fees, IBMR is cheaper at 0.18% per year. On volatility, IBMR has been the lower-risk option at 0.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBMR has performed better with a 1.72% return vs -43.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBMR is cheaper with a 0.18% expense ratio, compared with 0.25% for IBIT.
IBMR has the higher dividend yield at 2.54%, compared with 0.00% for IBIT.
IBMR is categorized as Municipal Bonds, while IBIT is Cryptocurrency. IBMR tracks S&P AMT-Free Municipal Series Callable-Adjusted 2029 Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.18% for IBMR and 0.25% for IBIT.
IBMR currently has the higher Sharpe Ratio (1.07 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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