IFRA vs. IBIT

Last updated Jul 14, 2026

IFRA (iShares U.S. Infrastructure ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IFRA is a Industrials Equities fund tracking the NYSE FactSet U.S. Infrastructure Index (TR), while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, IFRA returned 23.94% vs -47.60% for IBIT. At a 0.35 correlation, their price movements are largely independent. IFRA charges 0.30%/yr vs 0.25%/yr for IBIT.

Performance

IFRA vs. IBIT - Performance Comparison

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

Returns By Period

In the year-to-date period, IFRA achieves a 18.18% return, which is significantly higher than IBIT's -29.06% return.

IFRA

• 1D: -0.05%
• 1M: -0.25%
• 6M: 12.82%
• YTD: 18.18%
• 1Y: 23.94%
• 3Y*: 18.17%
• 5Y*: 14.23%
• 10Y*: —

IBIT

• 1D: -2.79%
• 1M: -2.28%
• 6M: -32.10%
• YTD: -29.06%
• 1Y: -47.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IFRA vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IFRA iShares U.S. Infrastructure ETF	18.18%	15.90%	19.39%
IBIT iShares Bitcoin Trust ETF	-29.06%	-6.41%	89.87%

Correlation

The correlation between IFRA and IBIT is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.35

Return for Risk

IFRA vs. IBIT — Risk / Return Rank

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

IFRA

IFRA Risk / Return Rank: 64
IFRA Sharpe Ratio Rank: 59
IFRA Sortino Ratio Rank: 64
IFRA Omega Ratio Rank: 54
IFRA Calmar Ratio Rank: 72
IFRA Martin Ratio Rank: 70

IBIT

IBIT Risk / Return Rank: 1
IBIT Sharpe Ratio Rank: 1
IBIT Sortino Ratio Rank: 1
IBIT Omega Ratio Rank: 1
IBIT Calmar Ratio Rank: 1
IBIT Martin Ratio Rank: 1

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.

IFRA vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Infrastructure ETF (IFRA) 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.

	IFRA	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	1.58	-1.08	+2.66
Sortino ratio: Return per unit of downside risk	2.37	-1.65	+4.02
Omega ratio: Gain probability vs. loss probability	1.27	0.82	+0.45
Calmar ratio: Return relative to maximum drawdown	2.86	-0.90	+3.76
Martin ratio: Return relative to average drawdown	10.09	-1.46	+11.55

IFRA vs. IBIT - Sharpe Ratio Comparison

The current IFRA Sharpe Ratio is 1.58, which is higher than the IBIT Sharpe Ratio of -1.08. The chart below compares the historical Sharpe Ratios of IFRA 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.

Drawdowns

IFRA vs. IBIT - Drawdown Comparison

The maximum IFRA drawdown since its inception was -41.06%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for IFRA and IBIT.

Drawdown Indicators

	IFRA	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-41.06%	-53.30%	+12.24%
Max Drawdown (1Y) Largest decline over 1 year	-8.40%	-53.30%	+44.90%
Max Drawdown (3Y) Largest decline over 3 years	-19.93%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.93%	—	—
Current Drawdown Current decline from peak	-3.68%	-50.60%	+46.92%
Average Drawdown Average peak-to-trough decline	-5.10%	-17.56%	+12.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	32.72%	-30.34%

Volatility

IFRA vs. IBIT - Volatility Comparison

The current volatility for iShares U.S. Infrastructure ETF (IFRA) is 4.60%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 11.51%. This indicates that IFRA 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.

Volatility by Period

	IFRA	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.60%	11.51%	-6.91%
Volatility (6M) Calculated over the trailing 6-month period	11.84%	34.79%	-22.95%
Volatility (1Y) Calculated over the trailing 1-year period	15.21%	44.38%	-29.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.88%	49.97%	-32.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.32%	49.97%	-28.65%

IFRA vs. IBIT - Expense Ratio Comparison

IFRA has a 0.30% expense ratio, which is higher than IBIT's 0.25% expense ratio.

Dividends

IFRA vs. IBIT - Dividend Comparison

IFRA's dividend yield for the trailing twelve months is around 1.58%, while IBIT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IBIT iShares Bitcoin Trust ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IFRA iShares U.S. Infrastructure ETF	1.58%	1.84%	1.75%	1.98%	1.98%	1.63%	2.08%	1.68%	2.50%

Frequently Asked Questions

Can I hold both IFRA and IBIT in my portfolio?

IFRA and IBIT have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IFRA or IBIT?

IBIT has higher volatility (11.51%) compared to IFRA (4.60%). In terms of maximum drawdown, IFRA dropped -41.06% vs IBIT's -53.30%.

Which ETF is better, IFRA or IBIT?

On 1-year performance, IFRA leads with 23.94% vs -47.60% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IFRA has been the lower-risk option at 4.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IFRA or IBIT?

Over the 1-year period, IFRA has performed better with a 23.94% return vs -47.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IFRA or IBIT?

IBIT is cheaper with a 0.25% expense ratio, compared with 0.30% for IFRA.

Which ETF pays a higher dividend yield, IFRA or IBIT?

IFRA has the higher dividend yield at 1.58%, compared with 0.00% for IBIT.

What is the main difference between IFRA and IBIT?

IFRA is categorized as Industrials Equities, while IBIT is Cryptocurrency. IFRA tracks NYSE FactSet U.S. Infrastructure Index (TR), while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.30% for IFRA and 0.25% for IBIT.

Which has better risk-adjusted returns?

IFRA currently has the higher Sharpe Ratio (1.58 vs -1.08), 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.