IGEB vs. IBIT
IGEB (iShares Investment Grade Bond Factor ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IGEB is a Corporate Bonds fund tracking the BlackRock Investment Grade Enhanced 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, IGEB returned 4.93% vs -43.61% for IBIT. At a 0.10 correlation, their price movements are largely independent. IGEB charges 0.18%/yr vs 0.25%/yr for IBIT.
Performance
IGEB vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IGEB achieves a 0.98% return, which is significantly higher than IBIT's -31.78% return.
IGEB
- 1D
- 0.36%
- 1M
- 1.06%
- YTD
- 0.98%
- 6M
- 0.79%
- 1Y
- 4.93%
- 3Y*
- 6.01%
- 5Y*
- 1.07%
- 10Y*
- —
IBIT
- 1D
- -4.08%
- 1M
- -21.16%
- YTD
- -31.78%
- 6M
- -31.52%
- 1Y
- -43.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGEB vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IGEB iShares Investment Grade Bond Factor ETF | 0.98% | 8.17% | 3.94% |
IBIT iShares Bitcoin Trust ETF | -31.78% | -6.41% | 89.87% |
Correlation
The correlation between IGEB and IBIT is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.10 |
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Return for Risk
IGEB vs. IBIT — Risk / Return Rank
IGEB
IBIT
IGEB vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Investment Grade Bond Factor ETF (IGEB) 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.
| IGEB | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.18 | ||
| Sortino ratioReturn per unit of downside risk | +3.20 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.84 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | -0.83 | +2.55 |
| Martin ratioReturn relative to average drawdown | 5.46 | -1.42 | +6.88 |
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Drawdowns
IGEB vs. IBIT - Drawdown Comparison
The maximum IGEB drawdown since its inception was -21.13%, smaller than the maximum IBIT drawdown of -52.49%. Use the drawdown chart below to compare losses from any high point for IGEB and IBIT.
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Drawdown Indicators
| IGEB | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.13% | -52.49% | +31.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -52.49% | +49.61% |
Max Drawdown (3Y)Largest decline over 3 years | -5.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.13% | — | — |
Current DrawdownCurrent decline from peak | -0.46% | -52.49% | +52.03% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -16.91% | +12.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 30.76% | -29.85% |
Volatility
IGEB vs. IBIT - Volatility Comparison
The current volatility for iShares Investment Grade Bond Factor ETF (IGEB) is 1.20%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.48%. This indicates that IGEB 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
| IGEB | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 13.48% | -12.28% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 34.60% | -31.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 44.48% | -40.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.70% | 50.25% | -43.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.51% | 50.25% | -43.74% |
IGEB vs. IBIT - Expense Ratio Comparison
IGEB has a 0.18% 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
IGEB vs. IBIT - Dividend Comparison
IGEB's dividend yield for the trailing twelve months is around 5.03%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
IGEB iShares Investment Grade Bond Factor ETF | 5.03% | 4.92% | 5.09% | 4.60% | 3.64% | 3.84% | 3.78% | 5.61% | 3.59% | 1.62% |
Frequently Asked Questions
IGEB and IBIT have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (13.48%) compared to IGEB (1.20%). In terms of maximum drawdown, IGEB dropped -21.13% vs IBIT's -52.49%.
On 1-year performance, IGEB leads with 4.93% vs -43.61% for IBIT. On fees, IGEB is cheaper at 0.18% per year. On volatility, IGEB has been the lower-risk option at 1.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IGEB has performed better with a 4.93% return vs -43.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGEB is cheaper with a 0.18% expense ratio, compared with 0.25% for IBIT.
IGEB has the higher dividend yield at 5.03%, compared with 0.00% for IBIT.
IGEB is categorized as Corporate Bonds, while IBIT is Cryptocurrency. IGEB tracks BlackRock Investment Grade Enhanced Bond Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.18% for IGEB and 0.25% for IBIT.
IGEB currently has the higher Sharpe Ratio (1.20 vs -0.98), 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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