IEI vs. IBIT
IEI (iShares 3-7 Year Treasury Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IEI is a Government Bonds fund tracking the ICE U.S. Treasury 3-7 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, IEI returned 3.28% vs -38.74% for IBIT. At a correlation of -0.01, they often move in opposite directions. IEI charges 0.15%/yr vs 0.25%/yr for IBIT.
Performance
IEI vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IEI achieves a -0.42% return, which is significantly higher than IBIT's -25.48% return.
IEI
- 1D
- -0.13%
- 1M
- -0.17%
- YTD
- -0.42%
- 6M
- -0.49%
- 1Y
- 3.28%
- 3Y*
- 3.52%
- 5Y*
- 0.23%
- 10Y*
- 1.28%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEI vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IEI iShares 3-7 Year Treasury Bond ETF | -0.42% | 6.96% | 1.84% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between IEI and IBIT is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | -0.01 |
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Return for Risk
IEI vs. IBIT — Risk / Return Rank
IEI
IBIT
IEI vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 3-7 Year Treasury Bond ETF (IEI) 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.
| IEI | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.98 | ||
| Sortino ratioReturn per unit of downside risk | +2.87 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.86 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | -0.79 | +2.11 |
| Martin ratioReturn relative to average drawdown | 3.96 | -1.36 | +5.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IEI | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | -0.89 | +1.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.30 | +0.40 |
Drawdowns
IEI vs. IBIT - Drawdown Comparison
The maximum IEI drawdown since its inception was -14.60%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for IEI and IBIT.
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Drawdown Indicators
| IEI | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.60% | -49.36% | +34.76% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -49.36% | +46.86% |
Max Drawdown (3Y)Largest decline over 3 years | -3.66% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -14.60% | — | — |
Current DrawdownCurrent decline from peak | -1.85% | -48.10% | +46.25% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -16.02% | +13.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 28.44% | -27.61% |
Volatility
IEI vs. IBIT - Volatility Comparison
The current volatility for iShares 3-7 Year Treasury Bond ETF (IEI) is 0.91%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that IEI 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
| IEI | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 9.50% | -8.59% |
Volatility (6M)Calculated over the trailing 6-month period | 2.13% | 34.44% | -32.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.04% | 43.73% | -40.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.77% | 50.19% | -45.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.93% | 50.19% | -46.26% |
IEI vs. IBIT - Expense Ratio Comparison
IEI 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
IEI vs. IBIT - Dividend Comparison
IEI's dividend yield for the trailing twelve months is around 3.64%, 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% |
IEI iShares 3-7 Year Treasury Bond ETF | 3.64% | 3.48% | 3.18% | 2.36% | 1.37% | 0.73% | 1.12% | 2.01% | 1.95% | 1.51% | 1.33% | 1.39% |
Frequently Asked Questions
IEI and IBIT have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.50%) compared to IEI (0.91%). In terms of maximum drawdown, IEI dropped -14.60% vs IBIT's -49.36%.
On 1-year performance, IEI leads with 3.28% vs -38.74% for IBIT. On fees, IEI is cheaper at 0.15% per year. On volatility, IEI has been the lower-risk option at 0.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IEI has performed better with a 3.28% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEI is cheaper with a 0.15% expense ratio, compared with 0.25% for IBIT.
IEI has the higher dividend yield at 3.64%, compared with 0.00% for IBIT.
IEI is categorized as Government Bonds, while IBIT is Cryptocurrency. IEI tracks ICE U.S. Treasury 3-7 Year Bond Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.15% for IEI and 0.25% for IBIT.
IEI currently has the higher Sharpe Ratio (1.09 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.
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