ICF vs. IBIT

Last updated Jul 16, 2026

ICF (iShares Cohen & Steers REIT ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - ICF is a REIT fund tracking the Cohen & Steers Realty Majors 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, ICF returned 15.37% vs -44.36% for IBIT. At a 0.16 correlation, their price movements are largely independent. ICF charges 0.34%/yr vs 0.25%/yr for IBIT.

Performance

ICF vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Cohen & Steers REIT ETF (ICF) and iShares Bitcoin Trust ETF (IBIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ICF achieves a 15.53% return, which is significantly higher than IBIT's -25.86% return.

ICF

• 1D: -0.12%
• 1M: -0.34%
• 6M: 12.79%
• YTD: 15.53%
• 1Y: 15.37%
• 3Y*: 9.09%
• 5Y*: 2.59%
• 10Y*: 5.11%

IBIT

• 1D: 0.63%
• 1M: -2.46%
• 6M: -33.60%
• YTD: -25.86%
• 1Y: -44.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ICF vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ICF iShares Cohen & Steers REIT ETF	15.53%	1.85%	5.90%
IBIT iShares Bitcoin Trust ETF	-25.86%	-6.41%	89.87%

Correlation

The correlation between ICF and IBIT is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.16

Return for Risk

ICF vs. IBIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ICF

ICF Risk / Return Rank: 38
ICF Sharpe Ratio Rank: 36
ICF Sortino Ratio Rank: 34
ICF Omega Ratio Rank: 34
ICF Calmar Ratio Rank: 45
ICF Martin Ratio Rank: 41

IBIT

IBIT Risk / Return Rank: 2
IBIT Sharpe Ratio Rank: 2
IBIT Sortino Ratio Rank: 2
IBIT Omega Ratio Rank: 2
IBIT Calmar Ratio Rank: 2
IBIT Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ICF vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Cohen & Steers REIT ETF (ICF) 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.

	ICF	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	1.08	-1.00	+2.09
Sortino ratio: Return per unit of downside risk	1.53	-1.48	+3.01
Omega ratio: Gain probability vs. loss probability	1.19	0.84	+0.36
Calmar ratio: Return relative to maximum drawdown	1.88	-0.83	+2.72
Martin ratio: Return relative to average drawdown	5.36	-1.35	+6.70

ICF vs. IBIT - Sharpe Ratio Comparison

The current ICF Sharpe Ratio is 1.08, which is higher than the IBIT Sharpe Ratio of -1.00. The chart below compares the historical Sharpe Ratios of ICF and IBIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ICF vs. IBIT - Drawdown Comparison

The maximum ICF drawdown since its inception was -76.74%, which is greater than IBIT's maximum drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for ICF and IBIT.

Drawdown Indicators

	ICF	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-76.74%	-53.30%	-23.44%
Max Drawdown (1Y) Largest decline over 1 year	-8.20%	-53.30%	+45.10%
Max Drawdown (3Y) Largest decline over 3 years	-17.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.74%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.22%	—	—
Current Drawdown Current decline from peak	-1.36%	-48.37%	+47.01%
Average Drawdown Average peak-to-trough decline	-14.12%	-17.66%	+3.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	33.00%	-30.13%

Volatility

ICF vs. IBIT - Volatility Comparison

The current volatility for iShares Cohen & Steers REIT ETF (ICF) is 4.88%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 11.83%. This indicates that ICF 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.

Volatility by Period

	ICF	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.88%	11.83%	-6.95%
Volatility (6M) Calculated over the trailing 6-month period	11.06%	35.00%	-23.94%
Volatility (1Y) Calculated over the trailing 1-year period	14.29%	44.46%	-30.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.00%	49.95%	-30.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.62%	49.95%	-29.33%

ICF vs. IBIT - Expense Ratio Comparison

ICF has a 0.34% expense ratio, which is higher than IBIT's 0.25% expense ratio.

Dividends

ICF vs. IBIT - Dividend Comparison

ICF's dividend yield for the trailing twelve months is around 2.43%, while IBIT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBIT iShares Bitcoin Trust ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ICF iShares Cohen & Steers REIT ETF	2.43%	2.88%	2.66%	2.76%	2.64%	1.82%	2.38%	2.55%	3.20%	3.10%	4.21%	3.30%

Frequently Asked Questions

Can I hold both ICF and IBIT in my portfolio?

ICF 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.

Which is riskier, ICF or IBIT?

IBIT has higher volatility (11.83%) compared to ICF (4.88%). In terms of maximum drawdown, ICF dropped -76.74% vs IBIT's -53.30%.

Which ETF is better, ICF or IBIT?

On 1-year performance, ICF leads with 15.37% vs -44.36% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, ICF has been the lower-risk option at 4.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ICF or IBIT?

Over the 1-year period, ICF has performed better with a 15.37% return vs -44.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ICF or IBIT?

IBIT is cheaper with a 0.25% expense ratio, compared with 0.34% for ICF.

Which ETF pays a higher dividend yield, ICF or IBIT?

ICF has the higher dividend yield at 2.43%, compared with 0.00% for IBIT.

What is the main difference between ICF and IBIT?

ICF is categorized as REIT, while IBIT is Cryptocurrency. ICF tracks Cohen & Steers Realty Majors Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.34% for ICF and 0.25% for IBIT.

Which has better risk-adjusted returns?

ICF currently has the higher Sharpe Ratio (1.08 vs -1.00), 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.