IGBH vs. IBIT
IGBH (iShares Interest Rate Hedged Long-Term Corporate Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IGBH is a Corporate Bonds fund tracking the BlackRock Interest Rate Hedged Long-Term Corporate 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, IGBH returned 9.10% vs -45.30% for IBIT. At a 0.31 correlation, their price movements are largely independent. IGBH charges 0.16%/yr vs 0.25%/yr for IBIT.
Performance
IGBH vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IGBH achieves a 2.13% return, which is significantly higher than IBIT's -32.49% return.
IGBH
- 1D
- -0.06%
- 1M
- -0.07%
- YTD
- 2.13%
- 6M
- 2.01%
- 1Y
- 9.10%
- 3Y*
- 8.54%
- 5Y*
- 5.24%
- 10Y*
- 5.03%
IBIT
- 1D
- -1.03%
- 1M
- -22.03%
- YTD
- -32.49%
- 6M
- -32.23%
- 1Y
- -45.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGBH vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 2.13% | 7.90% | 6.47% |
IBIT iShares Bitcoin Trust ETF | -32.49% | -6.41% | 89.87% |
Correlation
The correlation between IGBH and IBIT is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.31 |
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Return for Risk
IGBH vs. IBIT — Risk / Return Rank
IGBH
IBIT
IGBH vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) 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.
| IGBH | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.30 | ||
| Sortino ratioReturn per unit of downside risk | +4.98 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 0.83 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | -0.86 | +3.01 |
| Martin ratioReturn relative to average drawdown | 7.91 | -1.47 | +9.38 |
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Drawdowns
IGBH vs. IBIT - Drawdown Comparison
The maximum IGBH drawdown since its inception was -33.67%, smaller than the maximum IBIT drawdown of -52.98%. Use the drawdown chart below to compare losses from any high point for IGBH and IBIT.
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Drawdown Indicators
| IGBH | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -52.98% | +19.31% |
Max Drawdown (1Y)Largest decline over 1 year | -4.24% | -52.98% | +48.74% |
Max Drawdown (3Y)Largest decline over 3 years | -6.93% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -10.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.67% | — | — |
Current DrawdownCurrent decline from peak | -0.55% | -52.98% | +52.43% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -16.97% | +14.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 30.94% | -29.79% |
Volatility
IGBH vs. IBIT - Volatility Comparison
The current volatility for iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) is 0.71%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.43%. This indicates that IGBH 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
| IGBH | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 13.43% | -12.72% |
Volatility (6M)Calculated over the trailing 6-month period | 3.15% | 34.60% | -31.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 44.41% | -40.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 50.21% | -44.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.20% | 50.21% | -41.01% |
IGBH vs. IBIT - Expense Ratio Comparison
IGBH has a 0.16% 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
IGBH vs. IBIT - Dividend Comparison
IGBH's dividend yield for the trailing twelve months is around 5.67%, 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% |
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 5.67% | 6.23% | 6.88% | 7.32% | 3.84% | 2.71% | 2.39% | 3.40% | 5.56% | 2.87% | 2.62% | 1.12% |
Frequently Asked Questions
IGBH and IBIT have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (13.43%) compared to IGBH (0.71%). In terms of maximum drawdown, IGBH dropped -33.67% vs IBIT's -52.98%.
On 1-year performance, IGBH leads with 9.10% vs -45.30% for IBIT. On fees, IGBH is cheaper at 0.16% per year. On volatility, IGBH has been the lower-risk option at 0.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IGBH has performed better with a 9.10% return vs -45.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGBH is cheaper with a 0.16% expense ratio, compared with 0.25% for IBIT.
IGBH has the higher dividend yield at 5.67%, compared with 0.00% for IBIT.
IGBH is categorized as Corporate Bonds, while IBIT is Cryptocurrency. IGBH tracks BlackRock Interest Rate Hedged Long-Term Corporate Bond Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.16% for IGBH and 0.25% for IBIT.
IGBH currently has the higher Sharpe Ratio (2.28 vs -1.02), 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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