IDRV vs. IBIT

Last updated Jun 4, 2026

IDRV (iShares Self-Driving EV and Tech ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IDRV is a Technology Equities fund tracking the NYSE FactSet Global Autonomous Driving and Electric Vehicle 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, IDRV returned 49.83% vs -38.74% for IBIT. At a 0.38 correlation, their price movements are largely independent. IDRV charges 0.48%/yr vs 0.25%/yr for IBIT.

Performance

IDRV vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Self-Driving EV and Tech ETF (IDRV) 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, IDRV achieves a 17.17% return, which is significantly higher than IBIT's -25.48% return.

IDRV

• 1D: -2.29%
• 1M: 3.06%
• YTD: 17.17%
• 6M: 18.17%
• 1Y: 49.83%
• 3Y*: 7.75%
• 5Y*: -0.25%
• 10Y*: —

IBIT

• 1D: -2.76%
• 1M: -18.50%
• YTD: -25.48%
• 6M: -29.84%
• 1Y: -38.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IDRV vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IDRV iShares Self-Driving EV and Tech ETF	17.17%	32.24%	-8.91%
IBIT iShares Bitcoin Trust ETF	-25.48%	-6.41%	99.21%

Correlation

The correlation between IDRV and IBIT is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024	0.38

Return for Risk

IDRV vs. IBIT — Risk / Return Rank

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

IDRV

IDRV Risk / Return Rank: 63
IDRV Sharpe Ratio Rank: 59
IDRV Sortino Ratio Rank: 54
IDRV Omega Ratio Rank: 54
IDRV Calmar Ratio Rank: 77
IDRV Martin Ratio Rank: 70

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.

IDRV vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Self-Driving EV and Tech ETF (IDRV) 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.

	IDRV	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	2.02	-0.89	+2.91
Sortino ratio: Return per unit of downside risk	2.62	-1.23	+3.85
Omega ratio: Gain probability vs. loss probability	1.34	0.86	+0.48
Calmar ratio: Return relative to maximum drawdown	3.97	-0.79	+4.76
Martin ratio: Return relative to average drawdown	13.15	-1.36	+14.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IDRV vs. IBIT - Sharpe Ratio Comparison

The current IDRV Sharpe Ratio is 2.02, which is higher than the IBIT Sharpe Ratio of -0.89. The chart below compares the historical Sharpe Ratios of IDRV 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.

Sharpe Ratios by Period

	IDRV	IBIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.02	-0.89	+2.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.30	+0.05

Drawdowns

IDRV vs. IBIT - Drawdown Comparison

The maximum IDRV drawdown since its inception was -53.00%, which is greater than IBIT's maximum drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for IDRV and IBIT.

Drawdown Indicators

	IDRV	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-53.00%	-49.36%	-3.64%
Max Drawdown (1Y) Largest decline over 1 year	-12.62%	-49.36%	+36.74%
Max Drawdown (3Y) Largest decline over 3 years	-44.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-53.00%	—	—
Current Drawdown Current decline from peak	-13.79%	-48.10%	+34.31%
Average Drawdown Average peak-to-trough decline	-22.38%	-16.02%	-6.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.80%	28.44%	-24.64%

Volatility

IDRV vs. IBIT - Volatility Comparison

iShares Self-Driving EV and Tech ETF (IDRV) and iShares Bitcoin Trust ETF (IBIT) have volatilities of 9.41% and 9.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDRV	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.41%	9.50%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	18.86%	34.44%	-15.58%
Volatility (1Y) Calculated over the trailing 1-year period	24.81%	43.73%	-18.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.70%	50.19%	-22.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.09%	50.19%	-22.10%

IDRV vs. IBIT - Expense Ratio Comparison

IDRV has a 0.48% expense ratio, which is higher than IBIT's 0.25% expense ratio.

Dividends

IDRV vs. IBIT - Dividend Comparison

IDRV's dividend yield for the trailing twelve months is around 1.45%, while IBIT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IBIT iShares Bitcoin Trust ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IDRV iShares Self-Driving EV and Tech ETF	1.45%	1.70%	2.68%	2.17%	2.29%	1.12%	0.69%	1.29%

Frequently Asked Questions

Can I hold both IDRV and IBIT in my portfolio?

IDRV and IBIT have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDRV or IBIT?

IBIT has higher volatility (9.50%) compared to IDRV (9.41%). In terms of maximum drawdown, IDRV dropped -53.00% vs IBIT's -49.36%.

Which ETF is better, IDRV or IBIT?

On 1-year performance, IDRV leads with 49.83% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDRV or IBIT?

Over the 1-year period, IDRV has performed better with a 49.83% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDRV or IBIT?

IBIT is cheaper with a 0.25% expense ratio, compared with 0.48% for IDRV.

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

IDRV has the higher dividend yield at 1.45%, compared with 0.00% for IBIT.

What is the main difference between IDRV and IBIT?

IDRV is categorized as Technology Equities, while IBIT is Cryptocurrency. IDRV tracks NYSE FactSet Global Autonomous Driving and Electric Vehicle Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.48% for IDRV and 0.25% for IBIT.

Which has better risk-adjusted returns?

IDRV currently has the higher Sharpe Ratio (2.02 vs -0.89), 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.