IEZ vs. IBIT
IEZ (iShares U.S. Oil Equipment & Services ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IEZ is a Energy Equities fund tracking the Dow Jones U.S. Select Oil Equipment & Services 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, IEZ returned 64.80% vs -39.82% for IBIT. At a 0.19 correlation, their price movements are largely independent. IEZ charges 0.42%/yr vs 0.25%/yr for IBIT.
Performance
IEZ vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IEZ achieves a 33.32% return, which is significantly higher than IBIT's -28.88% return.
IEZ
- 1D
- -0.72%
- 1M
- -12.99%
- YTD
- 33.32%
- 6M
- 33.77%
- 1Y
- 64.80%
- 3Y*
- 15.70%
- 5Y*
- 12.80%
- 10Y*
- -1.46%
IBIT
- 1D
- -3.26%
- 1M
- -17.81%
- YTD
- -28.88%
- 6M
- -28.88%
- 1Y
- -39.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEZ vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IEZ iShares U.S. Oil Equipment & Services ETF | 33.32% | 7.51% | -0.57% |
IBIT iShares Bitcoin Trust ETF | -28.88% | -6.41% | 89.87% |
Correlation
The correlation between IEZ and IBIT is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.19 |
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Return for Risk
IEZ vs. IBIT — Risk / Return Rank
IEZ
IBIT
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.
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.
| IEZ | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.13 | ||
| Sortino ratioReturn per unit of downside risk | +4.16 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.86 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 4.35 | -0.77 | +5.12 |
| Martin ratioReturn relative to average drawdown | 15.22 | -1.30 | +16.53 |
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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 -52.11%. Use the drawdown chart below to compare losses from any high point for IEZ and IBIT.
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Drawdown Indicators
| IEZ | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.52% | -52.11% | -40.41% |
Max Drawdown (1Y)Largest decline over 1 year | -14.97% | -52.11% | +37.14% |
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 DrawdownCurrent decline from peak | -56.00% | -50.47% | -5.53% |
Average DrawdownAverage peak-to-trough decline | -48.26% | -16.85% | -31.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 30.58% | -26.31% |
Volatility
IEZ vs. IBIT - Volatility Comparison
The current volatility for iShares U.S. Oil Equipment & Services ETF (IEZ) is 9.89%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.18%. 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
| IEZ | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.89% | 13.18% | -3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 20.84% | 34.64% | -13.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.51% | 44.31% | -14.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.32% | 50.22% | -13.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.52% | 50.22% | -8.70% |
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 1.24%, 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% |
IEZ iShares U.S. Oil Equipment & Services ETF | 1.24% | 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 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (13.18%) compared to IEZ (9.89%). In terms of maximum drawdown, IEZ dropped -92.52% vs IBIT's -52.11%.
On 1-year performance, IEZ leads with 64.80% vs -39.82% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IEZ has been the lower-risk option at 9.89%. 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 64.80% return vs -39.82%. 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 1.24%, 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 (2.23 vs -0.90), 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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