IBTH vs. IBIT
IBTH (iShares iBonds Dec 2027 Term Treasury ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IBTH is a Government Bonds fund tracking the ICE 2027 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, IBTH returned 3.20% vs -44.50% for IBIT. Their -0.04 correlation means they have often moved in opposite directions in the past. IBTH charges 0.07%/yr vs 0.25%/yr for IBIT.
Performance
IBTH vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IBTH achieves a 1.39% return, which is significantly higher than IBIT's -28.22% return.
IBTH
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- 1.14%
- YTD
- 1.39%
- 1Y
- 3.20%
- 3Y*
- 4.41%
- 5Y*
- 0.30%
- 10Y*
- —
- ALL TIME*
- 0.68%
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 | |
| $7.80M | $10.08M | $10.08M |
IBTH vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBTH iShares iBonds Dec 2027 Term Treasury ETF | 1.39% | 5.29% | 3.52% |
IBIT iShares Bitcoin Trust ETF | -28.22% | -6.41% | 89.87% |
Correlation
The correlation between IBTH 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 | -0.04 |
The correlation between IBTH and IBIT shifts across timeframes, from -0.04 (all time) to 0.08 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IBTH vs. IBIT — Risk / Return Rank
IBTH
IBIT
IBTH vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2027 Term Treasury ETF (IBTH) 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.
| IBTH | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.83 | ||
| Sortino ratioReturn per unit of downside risk | +8.87 | ||
| Omega ratioGain probability vs. loss probability | 1.99 | 0.83 | +1.16 |
| Calmar ratioReturn relative to maximum drawdown | 9.81 | -0.87 | +10.68 |
| Martin ratioReturn relative to average drawdown | 43.35 | -1.34 | +44.69 |
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Drawdowns
IBTH vs. IBIT - Drawdown Comparison
The maximum IBTH drawdown since its inception was -16.16%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for IBTH and IBIT.
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Drawdown Indicators
| IBTH | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.16% | -53.30% | +37.14% |
Max Drawdown (1Y)Largest decline over 1 year | -0.38% | -53.30% | +52.92% |
Max Drawdown (3Y)Largest decline over 3 years | -1.92% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.32% | — | — |
Current DrawdownCurrent decline from peak | -0.90% | -50.01% | +49.11% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -18.24% | +11.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 34.66% | -34.57% |
Volatility
IBTH vs. IBIT - Volatility Comparison
The current volatility for iShares iBonds Dec 2027 Term Treasury ETF (IBTH) is 0.21%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.21%. This indicates that IBTH 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
| IBTH | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.21% | 9.21% | -9.00% |
Volatility (6M)Calculated over the trailing 6-month period | 0.59% | 33.74% | -33.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.99% | 44.46% | -43.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.15% | 49.60% | -45.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 49.60% | -45.45% |
IBTH vs. IBIT - Expense Ratio Comparison
IBTH 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
IBTH vs. IBIT - Dividend Comparison
IBTH's dividend yield for the trailing twelve months is around 3.81%, 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% |
IBTH iShares iBonds Dec 2027 Term Treasury ETF | 3.47% | 3.92% | 4.04% | 3.61% | 2.00% | 0.77% | 0.50% |
Frequently Asked Questions
IBTH 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 IBTH (0.21%). In terms of maximum drawdown, IBTH dropped -16.16% vs IBIT's -53.30%.
On 1-year performance, IBTH leads with 3.20% vs -44.50% for IBIT. On fees, IBTH is cheaper at 0.07% per year. On volatility, IBTH has been the lower-risk option at 0.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBTH has performed better with a 3.20% return vs -44.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTH is cheaper with a 0.07% expense ratio, compared with 0.25% for IBIT.
IBTH has the higher dividend yield at 3.47%, compared with 0.00% for IBIT.
IBTH is categorized as Government Bonds, while IBIT is Cryptocurrency. IBTH tracks ICE 2027 Maturity US Treasury Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.07% for IBTH and 0.25% for IBIT.
IBTH currently has the higher Sharpe Ratio (3.79 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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