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IEZ vs. IBIT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

IEZ vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Oil Equipment & Services ETF (IEZ) and iShares Bitcoin Trust ETF (IBIT). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IEZ achieves a 47.84% return, which is significantly higher than IBIT's -25.48% return.


IEZ

1D
0.03%
1M
-3.54%
YTD
47.84%
6M
42.02%
1Y
85.10%
3Y*
19.17%
5Y*
13.91%
10Y*
-0.13%

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)

IEZ vs. IBIT - Yearly Performance Comparison


2026 (YTD)20252024
IEZ
iShares U.S. Oil Equipment & Services ETF
47.84%7.51%-0.92%
IBIT
iShares Bitcoin Trust ETF
-25.48%-6.41%99.21%

Correlation

The correlation between IEZ and IBIT is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.13

Correlation (All Time)
Calculated using the full available price history since Jan 12, 2024

0.18

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Return for Risk

IEZ vs. IBIT — Risk / Return Rank

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

IEZ
IEZ Risk / Return Rank: 8787
Overall Rank
IEZ Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
IEZ Sortino Ratio Rank: 8282
Sortino Ratio Rank
IEZ Omega Ratio Rank: 7777
Omega Ratio Rank
IEZ Calmar Ratio Rank: 9595
Calmar Ratio Rank
IEZ Martin Ratio Rank: 9292
Martin Ratio Rank

IBIT
IBIT Risk / Return Rank: 22
Overall Rank
IBIT Sharpe Ratio Rank: 22
Sharpe Ratio Rank
IBIT Sortino Ratio Rank: 22
Sortino Ratio Rank
IBIT Omega Ratio Rank: 22
Omega Ratio Rank
IBIT Calmar Ratio Rank: 22
Calmar Ratio Rank
IBIT Martin Ratio Rank: 22
Martin Ratio Rank
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.

IEZ vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Oil Equipment & Services ETF (IEZ) 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.


IEZIBITDifference
Sharpe ratioReturn per unit of total volatility

+3.89

Sortino ratioReturn per unit of downside risk

+4.94

Omega ratioGain probability vs. loss probability

1.46

0.86

+0.60

Calmar ratioReturn relative to maximum drawdown

8.29

-0.79

+9.08

Martin ratioReturn relative to average drawdown

22.60

-1.36

+23.97

IEZ vs. IBIT - Sharpe Ratio Comparison

The current IEZ Sharpe Ratio is 3.00, which is higher than the IBIT Sharpe Ratio of -0.89. The chart below compares the historical Sharpe Ratios of IEZ 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.


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Sharpe Ratios by Period


IEZIBITDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.00

-0.89

+3.89

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.38

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.04

0.30

-0.33

Drawdowns

IEZ vs. IBIT - Drawdown Comparison

The maximum IEZ drawdown since its inception was -92.52%, which is greater than IBIT's maximum drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for IEZ and IBIT.


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Drawdown Indicators


IEZIBITDifference

Max Drawdown

Largest peak-to-trough decline

-92.52%

-49.36%

-43.16%

Max Drawdown (1Y)

Largest decline over 1 year

-10.32%

-49.36%

+39.04%

Max Drawdown (3Y)

Largest decline over 3 years

-40.25%

Max Drawdown (5Y)

Largest decline over 5 years

-40.25%

Max Drawdown (10Y)

Largest decline over 10 years

-88.29%

Current Drawdown

Current decline from peak

-51.21%

-48.10%

-3.11%

Average Drawdown

Average peak-to-trough decline

-48.26%

-16.02%

-32.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.78%

28.44%

-24.66%

Volatility

IEZ vs. IBIT - Volatility Comparison

The current volatility for iShares U.S. Oil Equipment & Services ETF (IEZ) is 7.95%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that IEZ 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


IEZIBITDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.95%

9.50%

-1.55%

Volatility (6M)

Calculated over the trailing 6-month period

20.11%

34.44%

-14.33%

Volatility (1Y)

Calculated over the trailing 1-year period

28.62%

43.73%

-15.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.35%

50.19%

-13.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

41.56%

50.19%

-8.63%

IEZ vs. IBIT - Expense Ratio Comparison

IEZ has a 0.42% expense ratio, which is higher than IBIT's 0.25% expense ratio.


Dividends

IEZ vs. IBIT - Dividend Comparison

IEZ's dividend yield for the trailing twelve months is around 1.18%, while IBIT has not paid dividends to shareholders.


PositionTTM20252024202320222021202020192018201720162015
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%
IEZ
iShares U.S. Oil Equipment & Services ETF
1.18%1.87%1.76%0.97%0.65%1.20%2.07%2.28%1.81%3.42%0.91%2.40%

Frequently Asked Questions


IEZ 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.

IBIT has higher volatility (9.50%) compared to IEZ (7.95%). In terms of maximum drawdown, IEZ dropped -92.52% vs IBIT's -49.36%.

On 1-year performance, IEZ leads with 85.10% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IEZ has been the lower-risk option at 7.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, IEZ has performed better with a 85.10% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IBIT is cheaper with a 0.25% expense ratio, compared with 0.42% for IEZ.

IEZ has the higher dividend yield at 1.18%, compared with 0.00% for IBIT.

IEZ is categorized as Energy Equities, while IBIT is Cryptocurrency. IEZ tracks Dow Jones U.S. Select Oil Equipment & Services Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.42% for IEZ and 0.25% for IBIT.

IEZ currently has the higher Sharpe Ratio (3.00 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.

Portfolio Optimizer

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