IBMS vs. IBIT
IBMS (iShares iBonds Dec 2030 Term Muni Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IBMS is a Municipal Bonds fund tracking the S&P AMT-Free Municipal Series Callable-Adjusted Dec 2030 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, IBMS returned 3.54% vs -43.61% for IBIT. At a 0.03 correlation, their price movements are largely independent. IBMS charges 0.18%/yr vs 0.25%/yr for IBIT.
Performance
IBMS vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IBMS achieves a 0.25% return, which is significantly higher than IBIT's -31.78% return.
IBMS
- 1D
- -0.12%
- 1M
- 0.61%
- YTD
- 0.25%
- 6M
- 0.35%
- 1Y
- 3.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -4.08%
- 1M
- -21.16%
- YTD
- -31.78%
- 6M
- -31.52%
- 1Y
- -43.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBMS vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBMS iShares iBonds Dec 2030 Term Muni Bond ETF | 0.25% | 5.36% | 3.03% |
IBIT iShares Bitcoin Trust ETF | -31.78% | -6.41% | 38.62% |
Correlation
The correlation between IBMS 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 May 24, 2024 | 0.03 |
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Return for Risk
IBMS vs. IBIT — Risk / Return Rank
IBMS
IBIT
IBMS vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2030 Term Muni Bond ETF (IBMS) 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.
| IBMS | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.76 | ||
| Sortino ratioReturn per unit of downside risk | +4.05 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.84 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | -0.83 | +2.41 |
| Martin ratioReturn relative to average drawdown | 4.04 | -1.42 | +5.45 |
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Drawdowns
IBMS vs. IBIT - Drawdown Comparison
The maximum IBMS drawdown since its inception was -3.01%, smaller than the maximum IBIT drawdown of -52.49%. Use the drawdown chart below to compare losses from any high point for IBMS and IBIT.
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Drawdown Indicators
| IBMS | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.01% | -52.49% | +49.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.25% | -52.49% | +50.24% |
Current DrawdownCurrent decline from peak | -1.27% | -52.49% | +51.22% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -16.91% | +16.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 30.76% | -29.88% |
Volatility
IBMS vs. IBIT - Volatility Comparison
The current volatility for iShares iBonds Dec 2030 Term Muni Bond ETF (IBMS) is 0.53%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.48%. This indicates that IBMS 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
| IBMS | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 13.48% | -12.95% |
Volatility (6M)Calculated over the trailing 6-month period | 1.47% | 34.60% | -33.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.00% | 44.48% | -42.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.04% | 50.25% | -47.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.04% | 50.25% | -47.21% |
IBMS vs. IBIT - Expense Ratio Comparison
IBMS 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
IBMS vs. IBIT - Dividend Comparison
IBMS's dividend yield for the trailing twelve months is around 2.52%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% |
IBMS iShares iBonds Dec 2030 Term Muni Bond ETF | 2.52% | 2.49% | 1.38% |
Frequently Asked Questions
IBMS 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 (13.48%) compared to IBMS (0.53%). In terms of maximum drawdown, IBMS dropped -3.01% vs IBIT's -52.49%.
On 1-year performance, IBMS leads with 3.54% vs -43.61% for IBIT. On fees, IBMS is cheaper at 0.18% per year. On volatility, IBMS has been the lower-risk option at 0.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBMS has performed better with a 3.54% return vs -43.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBMS is cheaper with a 0.18% expense ratio, compared with 0.25% for IBIT.
IBMS has the higher dividend yield at 2.52%, compared with 0.00% for IBIT.
IBMS is categorized as Municipal Bonds, while IBIT is Cryptocurrency. IBMS tracks S&P AMT-Free Municipal Series Callable-Adjusted Dec 2030 Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.18% for IBMS and 0.25% for IBIT.
IBMS currently has the higher Sharpe Ratio (1.77 vs -0.98), 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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