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 9.11% vs -39.60% for IBIT. At a 0.30 correlation, their price movements are largely independent. IGBH charges 0.16%/yr vs 0.25%/yr for IBIT.
Performance
IGBH vs. IBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGBH achieves a 2.44% return, which is significantly higher than IBIT's -27.45% return.
IGBH
- 1D
- 0.12%
- 1M
- 1.52%
- YTD
- 2.44%
- 6M
- 3.11%
- 1Y
- 9.11%
- 3Y*
- 9.02%
- 5Y*
- 5.30%
- 10Y*
- 5.04%
IBIT
- 1D
- -2.65%
- 1M
- -22.17%
- YTD
- -27.45%
- 6M
- -31.40%
- 1Y
- -39.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGBH vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 2.44% | 7.90% | 6.39% |
IBIT iShares Bitcoin Trust ETF | -27.45% | -6.41% | 99.21% |
Correlation
The correlation between IGBH and IBIT is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.30 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
| IGBH | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.17 | ||
| Sortino ratioReturn per unit of downside risk | +4.66 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 0.86 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | -0.80 | +2.96 |
| Martin ratioReturn relative to average drawdown | 7.90 | -1.39 | +9.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IGBH | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.26 | -0.91 | +3.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.27 | +0.25 |
Drawdowns
IGBH vs. IBIT - Drawdown Comparison
The maximum IGBH drawdown since its inception was -33.67%, smaller than the maximum IBIT drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for IGBH and IBIT.
Loading charts...
Drawdown Indicators
| IGBH | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -49.47% | +15.80% |
Max Drawdown (1Y)Largest decline over 1 year | -4.24% | -49.47% | +45.23% |
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 | -0.07% | -49.47% | +49.40% |
Average DrawdownAverage peak-to-trough decline | -2.66% | -16.07% | +13.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 28.61% | -27.46% |
Volatility
IGBH vs. IBIT - Volatility Comparison
The current volatility for iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) is 0.82%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.14%. 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.
Loading charts...
Volatility by Period
| IGBH | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 9.14% | -8.32% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 33.89% | -30.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 43.76% | -39.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.13% | 50.18% | -44.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.20% | 50.18% | -40.98% |
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 5.66%, 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 | 5.66% | 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 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.14%) compared to IGBH (0.82%). In terms of maximum drawdown, IGBH dropped -33.67% vs IBIT's -49.47%.
On 1-year performance, IGBH leads with 9.11% vs -39.60% for IBIT. On fees, IGBH is cheaper at 0.16% per year. On volatility, IGBH 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, IGBH has performed better with a 9.11% return vs -39.60%. 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 5.66%, 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 (2.26 vs -0.91), 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.
Find the right allocation for IGBH and IBIT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer