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 1.50% vs -44.19% for IBIT. Their 0.00 correlation means their historical movements had little consistent relationship. 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 -0.22% return, which is significantly higher than IBIT's -26.71% return.
IEI
- 1D
- 0.29%
- 1M
- -0.14%
- 6M
- -0.12%
- YTD
- -0.22%
- 1Y
- 1.50%
- 3Y*
- 3.83%
- 5Y*
- 0.14%
- 10Y*
- 1.23%
- ALL TIME*
- 2.84%
IBIT
- 1D
- 0.64%
- 1M
- 4.36%
- 6M
- -15.96%
- YTD
- -26.71%
- 1Y
- -44.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.29B | $1.33B | $1.64B | |
| $180.86M | $155.16M | $151.09M |
IEI vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IEI iShares 3-7 Year Treasury Bond ETF | -0.22% | 6.96% | 2.30% |
IBIT iShares Bitcoin Trust ETF | -26.71% | -6.41% | 89.87% |
Correlation
The correlation between IEI and IBIT is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.00 |
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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.
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.
| IEI | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.84 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | -0.83 | +1.44 |
| Martin ratioReturn relative to average drawdown | 1.37 | -1.27 | +2.64 |
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Drawdowns
IEI vs. IBIT - Drawdown Comparison
The maximum IEI drawdown since its inception was -14.60%, smaller than the maximum IBIT drawdown of -53.30%. 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% | -53.30% | +38.70% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -53.30% | +50.80% |
Max Drawdown (3Y)Largest decline over 3 years | -3.66% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.52% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -14.60% | — | — |
Current DrawdownCurrent decline from peak | -1.66% | -48.95% | +47.29% |
Average DrawdownAverage peak-to-trough decline | -2.66% | -18.34% | +15.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 34.94% | -33.84% |
Volatility
IEI vs. IBIT - Volatility Comparison
The current volatility for iShares 3-7 Year Treasury Bond ETF (IEI) is 0.82%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.29%. 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 | 0.82% | 8.29% | -7.47% |
Volatility (6M)Calculated over the trailing 6-month period | 2.38% | 33.07% | -30.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.90% | 44.40% | -41.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.79% | 49.53% | -44.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.93% | 49.53% | -45.60% |
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 3.70%, 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 | 3.70% | 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 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (8.29%) compared to IEI (0.82%). In terms of maximum drawdown, IEI dropped -14.60% vs IBIT's -53.30%.
On 1-year performance, IEI leads with 1.50% vs -44.19% for IBIT. On fees, IEI is cheaper at 0.15% per year. On volatility, IEI has been the lower-risk option at 0.82%. 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 1.50% return vs -44.19%. 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 3.70%, 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 (0.52 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.
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