IGOV vs. IBIT
IGOV (iShares International Treasury Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IGOV is a International Government Bonds fund tracking the S&P/Citigroup International Treasury Bond Index Ex-US, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, IGOV returned 0.56% vs -38.74% for IBIT. At a 0.15 correlation, their price movements are largely independent. IGOV charges 0.35%/yr vs 0.25%/yr for IBIT.
Performance
IGOV vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IGOV achieves a -0.50% return, which is significantly higher than IBIT's -25.48% return.
IGOV
- 1D
- -0.84%
- 1M
- -0.43%
- YTD
- -0.50%
- 6M
- -0.39%
- 1Y
- 0.56%
- 3Y*
- 2.56%
- 5Y*
- -4.47%
- 10Y*
- -1.38%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGOV vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IGOV iShares International Treasury Bond ETF | -0.50% | 9.96% | -4.70% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between IGOV and IBIT is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.15 |
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Return for Risk
IGOV vs. IBIT — Risk / Return Rank
IGOV
IBIT
IGOV vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International Treasury Bond ETF (IGOV) 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.
| IGOV | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.86 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | -0.79 | +0.89 |
| Martin ratioReturn relative to average drawdown | 0.23 | -1.36 | +1.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IGOV | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.07 | -0.89 | +0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.30 | -0.28 |
Drawdowns
IGOV vs. IBIT - Drawdown Comparison
The maximum IGOV drawdown since its inception was -35.88%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for IGOV and IBIT.
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Drawdown Indicators
| IGOV | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.88% | -49.36% | +13.48% |
Max Drawdown (1Y)Largest decline over 1 year | -5.70% | -49.36% | +43.66% |
Max Drawdown (3Y)Largest decline over 3 years | -10.65% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -33.17% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.88% | — | — |
Current DrawdownCurrent decline from peak | -24.01% | -48.10% | +24.09% |
Average DrawdownAverage peak-to-trough decline | -11.02% | -16.02% | +5.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 28.44% | -26.02% |
Volatility
IGOV vs. IBIT - Volatility Comparison
The current volatility for iShares International Treasury Bond ETF (IGOV) is 2.80%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that IGOV 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
| IGOV | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 9.50% | -6.70% |
Volatility (6M)Calculated over the trailing 6-month period | 6.19% | 34.44% | -28.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.11% | 43.73% | -35.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.96% | 50.19% | -40.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.59% | 50.19% | -41.60% |
IGOV vs. IBIT - Expense Ratio Comparison
IGOV has a 0.35% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
IGOV vs. IBIT - Dividend Comparison
IGOV's dividend yield for the trailing twelve months is around 1.42%, 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% |
IGOV iShares International Treasury Bond ETF | 1.42% | 1.41% | 0.59% | 0.00% | 0.11% | 0.39% | 0.00% | 0.24% | 0.31% | 0.19% | 0.69% | 0.12% |
Frequently Asked Questions
IGOV and IBIT have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.50%) compared to IGOV (2.80%). In terms of maximum drawdown, IGOV dropped -35.88% vs IBIT's -49.36%.
On 1-year performance, IGOV leads with 0.56% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IGOV has been the lower-risk option at 2.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IGOV has performed better with a 0.56% return vs -38.74%. 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 0.35% for IGOV.
IGOV has the higher dividend yield at 1.42%, compared with 0.00% for IBIT.
IGOV is categorized as International Government Bonds, while IBIT is Cryptocurrency. IGOV tracks S&P/Citigroup International Treasury Bond Index Ex-US, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.35% for IGOV and 0.25% for IBIT.
IGOV currently has the higher Sharpe Ratio (0.07 vs -0.89), 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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