ICPI vs. IBIT
ICPI (iShares 0-1 Year TIPS Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - ICPI is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. At a correlation of -0.13, they often move in opposite directions. ICPI charges 0.09%/yr vs 0.25%/yr for IBIT.
Performance
ICPI vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, ICPI achieves a 2.76% return, which is significantly higher than IBIT's -26.71% return.
ICPI
- 1D
- 0.08%
- 1M
- 0.22%
- 6M
- 2.59%
- YTD
- 2.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -1.14%
- 1M
- -2.10%
- 6M
- -32.61%
- YTD
- -26.71%
- 1Y
- -46.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ICPI vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ICPI iShares 0-1 Year TIPS Bond ETF | 2.76% | 0.32% |
IBIT iShares Bitcoin Trust ETF | -26.71% | -2.13% |
Correlation
The correlation between ICPI and IBIT is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | -0.13 |
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Return for Risk
ICPI vs. IBIT — Risk / Return Rank
ICPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBIT
ICPI vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-1 Year TIPS Bond ETF (ICPI) 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.
| ICPI | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.82 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.87 | — |
| Martin ratioReturn relative to average drawdown | — | -1.40 | — |
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Drawdowns
ICPI vs. IBIT - Drawdown Comparison
The maximum ICPI drawdown since its inception was -0.34%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for ICPI and IBIT.
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Drawdown Indicators
| ICPI | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.34% | -53.30% | +52.96% |
Max Drawdown (1Y)Largest decline over 1 year | — | -53.30% | — |
Current DrawdownCurrent decline from peak | -0.06% | -48.95% | +48.89% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -17.71% | +17.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 33.14% | — |
Volatility
ICPI vs. IBIT - Volatility Comparison
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Volatility by Period
| ICPI | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.89% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 34.83% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.00% | 44.38% | -43.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.00% | 49.92% | -48.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.00% | 49.92% | -48.92% |
ICPI vs. IBIT - Expense Ratio Comparison
ICPI has a 0.09% 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
ICPI vs. IBIT - Dividend Comparison
ICPI's dividend yield for the trailing twelve months is around 2.57%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% |
ICPI iShares 0-1 Year TIPS Bond ETF | 2.57% | 0.54% |
Frequently Asked Questions
ICPI 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.
On fees, ICPI is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICPI is cheaper with a 0.09% expense ratio, compared with 0.25% for IBIT.
ICPI has the higher dividend yield at 2.57%, compared with 0.00% for IBIT.
ICPI is categorized as Inflation-Protected Bonds, while IBIT is Cryptocurrency. ICPI tracks ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.09% for ICPI and 0.25% for IBIT.
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