IEF vs. IBIT
IEF (iShares 7-10 Year Treasury Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IEF is a Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond 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, IEF returned 0.82% vs -43.69% for IBIT. Their 0.01 correlation means their historical movements had little consistent relationship. IEF charges 0.15%/yr vs 0.25%/yr for IBIT.
Performance
IEF vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IEF achieves a -1.24% return, which is significantly higher than IBIT's -27.17% return.
IEF
- 1D
- 0.20%
- 1M
- -1.04%
- 6M
- -0.82%
- YTD
- -1.24%
- 1Y
- 0.82%
- 3Y*
- 2.91%
- 5Y*
- -1.85%
- 10Y*
- 0.46%
- ALL TIME*
- 3.35%
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 | |
| $439.71M | $475.54M | $612.94M |
IEF vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | -1.24% | 8.03% | 0.33% |
IBIT iShares Bitcoin Trust ETF | -27.17% | -6.41% | 89.87% |
Correlation
The correlation between IEF and IBIT is 0.10, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.01 |
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Return for Risk
IEF vs. IBIT — Risk / Return Rank
IEF
IBIT
IEF vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 7-10 Year Treasury Bond ETF (IEF) 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.
| IEF | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.84 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | -0.82 | +1.02 |
| Martin ratioReturn relative to average drawdown | 0.47 | -1.26 | +1.72 |
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Drawdowns
IEF vs. IBIT - Drawdown Comparison
The maximum IEF drawdown since its inception was -23.93%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for IEF and IBIT.
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Drawdown Indicators
| IEF | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.93% | -53.30% | +29.37% |
Max Drawdown (1Y)Largest decline over 1 year | -4.07% | -53.30% | +49.23% |
Max Drawdown (3Y)Largest decline over 3 years | -6.89% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.09% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.93% | — | — |
Current DrawdownCurrent decline from peak | -11.87% | -49.28% | +37.41% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -18.29% | +12.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 34.80% | -33.03% |
Volatility
IEF vs. IBIT - Volatility Comparison
The current volatility for iShares 7-10 Year Treasury Bond ETF (IEF) is 1.20%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.98%. This indicates that IEF 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
| IEF | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 8.98% | -7.78% |
Volatility (6M)Calculated over the trailing 6-month period | 3.65% | 33.79% | -30.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.54% | 44.48% | -39.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.70% | 49.57% | -41.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.61% | 49.57% | -42.96% |
IEF vs. IBIT - Expense Ratio Comparison
IEF has a 0.15% 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
IEF vs. IBIT - Dividend Comparison
IEF's dividend yield for the trailing twelve months is around 3.97%, 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% |
IEF iShares 7-10 Year Treasury Bond ETF | 3.97% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
Frequently Asked Questions
IEF 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.
IBIT has higher volatility (8.98%) compared to IEF (1.20%). In terms of maximum drawdown, IEF dropped -23.93% vs IBIT's -53.30%.
On 1-year performance, IEF leads with 0.82% vs -43.69% for IBIT. On fees, IEF is cheaper at 0.15% per year. On volatility, IEF has been the lower-risk option at 1.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IEF has performed better with a 0.82% return vs -43.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEF is cheaper with a 0.15% expense ratio, compared with 0.25% for IBIT.
IEF has the higher dividend yield at 3.97%, compared with 0.00% for IBIT.
IEF is categorized as Government Bonds, while IBIT is Cryptocurrency. IEF tracks ICE U.S. Treasury 7-10 Year Bond Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.15% for IEF and 0.25% for IBIT.
IEF currently has the higher Sharpe Ratio (0.18 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.
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