IBTG vs. IBIT
IBTG (iShares iBonds Dec 2026 Term Treasury ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IBTG is a Government Bonds fund tracking the ICE 2026 Maturity US Treasury 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, IBTG returned 3.85% vs -43.69% for IBIT. Their -0.09 correlation means they have often moved in opposite directions in the past. IBTG charges 0.07%/yr vs 0.25%/yr for IBIT.
Performance
IBTG vs. IBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBTG achieves a 2.08% return, which is significantly higher than IBIT's -27.17% return.
IBTG
- 1D
- 0.06%
- 1M
- 0.34%
- 6M
- 1.80%
- YTD
- 2.08%
- 1Y
- 3.85%
- 3Y*
- 4.40%
- 5Y*
- 0.76%
- 10Y*
- —
- ALL TIME*
- 1.10%
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 | |
| $8.66M | $9.15M | $9.76M |
IBTG vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 2.08% | 4.40% | 4.15% |
IBIT iShares Bitcoin Trust ETF | -27.17% | -6.41% | 89.87% |
Correlation
The correlation between IBTG and IBIT is 0.02, 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. | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | -0.09 |
The correlation between IBTG and IBIT shifts across timeframes, from -0.09 (all time) to 0.02 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBTG vs. IBIT — Risk / Return Rank
IBTG
IBIT
IBTG vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2026 Term Treasury ETF (IBTG) 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.
| IBTG | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +9.45 | ||
| Sortino ratioReturn per unit of downside risk | +21.75 | ||
| Omega ratioGain probability vs. loss probability | 4.38 | 0.84 | +3.54 |
| Calmar ratioReturn relative to maximum drawdown | 59.17 | -0.82 | +59.99 |
| Martin ratioReturn relative to average drawdown | 264.06 | -1.26 | +265.31 |
Loading charts...
Drawdowns
IBTG vs. IBIT - Drawdown Comparison
The maximum IBTG drawdown since its inception was -13.62%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for IBTG and IBIT.
Loading charts...
Drawdown Indicators
| IBTG | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.62% | -53.30% | +39.68% |
Max Drawdown (1Y)Largest decline over 1 year | -0.07% | -53.30% | +53.23% |
Max Drawdown (3Y)Largest decline over 3 years | -1.11% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -12.07% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -49.28% | +49.28% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -18.29% | +13.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 34.80% | -34.79% |
Volatility
IBTG vs. IBIT - Volatility Comparison
The current volatility for iShares iBonds Dec 2026 Term Treasury ETF (IBTG) is 0.11%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.98%. This indicates that IBTG 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.
Loading charts...
Volatility by Period
| IBTG | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.11% | 8.98% | -8.87% |
Volatility (6M)Calculated over the trailing 6-month period | 0.29% | 33.79% | -33.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.46% | 44.48% | -44.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.23% | 49.57% | -46.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.41% | 49.57% | -46.16% |
IBTG vs. IBIT - Expense Ratio Comparison
IBTG has a 0.07% 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
IBTG vs. IBIT - Dividend Comparison
IBTG's dividend yield for the trailing twelve months is around 3.90%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 3.90% | 4.03% | 4.08% | 3.61% | 2.06% | 0.66% | 0.53% |
Frequently Asked Questions
IBTG and IBIT have a correlation of 0.02, 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 IBTG (0.11%). In terms of maximum drawdown, IBTG dropped -13.62% vs IBIT's -53.30%.
On 1-year performance, IBTG leads with 3.85% vs -43.69% for IBIT. On fees, IBTG is cheaper at 0.07% per year. On volatility, IBTG has been the lower-risk option at 0.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBTG has performed better with a 3.85% return vs -43.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTG is cheaper with a 0.07% expense ratio, compared with 0.25% for IBIT.
IBTG has the higher dividend yield at 3.90%, compared with 0.00% for IBIT.
IBTG is categorized as Government Bonds, while IBIT is Cryptocurrency. IBTG tracks ICE 2026 Maturity US Treasury Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.07% for IBTG and 0.25% for IBIT.
IBTG currently has the higher Sharpe Ratio (8.46 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.
Find the right allocation for IBTG and IBIT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer