IGV vs. IBIT
IGV (iShares Expanded Tech-Software Sector ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IGV is a Technology Equities fund tracking the S&P North American Expanded Technology Software 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, IGV returned -10.30% vs -43.69% for IBIT. Their 0.36 correlation means their historical movements had little consistent relationship. IGV charges 0.39%/yr vs 0.25%/yr for IBIT.
Performance
IGV vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IGV achieves a -7.81% return, which is significantly higher than IBIT's -27.17% return.
IGV
- 1D
- 3.00%
- 1M
- 4.11%
- 6M
- 8.85%
- YTD
- -7.81%
- 1Y
- -10.30%
- 3Y*
- 12.00%
- 5Y*
- 3.63%
- 10Y*
- 16.04%
- ALL TIME*
- 9.49%
IBIT
- 1D
- 1.46%
- 1M
- 3.70%
- 6M
- -18.23%
- YTD
- -27.17%
- 1Y
- -43.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.33B | $1.34B | $1.65B | |
| $1.47B | $1.27B | $1.69B |
IGV vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | -7.81% | 5.56% | 23.85% |
IBIT iShares Bitcoin Trust ETF | -27.17% | -6.41% | 89.87% |
Correlation
The correlation between IGV and IBIT is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.36 |
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Return for Risk
IGV vs. IBIT — Risk / Return Rank
IGV
IBIT
IGV vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) 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.
| IGV | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.84 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | -0.82 | +0.54 |
| Martin ratioReturn relative to average drawdown | -0.53 | -1.26 | +0.72 |
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Drawdowns
IGV vs. IBIT - Drawdown Comparison
The maximum IGV drawdown since its inception was -63.45%, which is greater than IBIT's maximum drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for IGV and IBIT.
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Drawdown Indicators
| IGV | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.45% | -53.30% | -10.15% |
Max Drawdown (1Y)Largest decline over 1 year | -36.61% | -53.30% | +16.69% |
Max Drawdown (3Y)Largest decline over 3 years | -36.61% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -45.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.85% | — | — |
Current DrawdownCurrent decline from peak | -17.28% | -49.28% | +32.00% |
Average DrawdownAverage peak-to-trough decline | -14.49% | -18.29% | +3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.38% | 34.80% | -15.42% |
Volatility
IGV vs. IBIT - Volatility Comparison
The current volatility for iShares Expanded Tech-Software Sector ETF (IGV) is 7.40%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.98%. This indicates that IGV 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
| IGV | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.40% | 8.98% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 25.09% | 33.79% | -8.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.25% | 44.48% | -15.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.21% | 49.57% | -21.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.47% | 49.57% | -23.10% |
IGV vs. IBIT - Expense Ratio Comparison
IGV has a 0.39% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
IGV vs. IBIT - Dividend Comparison
IGV's dividend yield for the trailing twelve months is around 0.02%, 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% |
IGV iShares Expanded Tech-Software Sector ETF | 0.02% | 0.00% | 0.00% | 0.01% | 0.01% | 0.00% | 0.35% | 0.02% | 0.16% | 0.09% | 0.82% | 0.22% |
Frequently Asked Questions
IGV and IBIT have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (8.98%) compared to IGV (7.40%). In terms of maximum drawdown, IGV dropped -63.45% vs IBIT's -53.30%.
On 1-year performance, IGV leads with -10.30% vs -43.69% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IGV has been the lower-risk option at 7.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IGV has performed better with a -10.30% return vs -43.69%. 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 0.39% for IGV.
IGV has the higher dividend yield at 0.02%, compared with 0.00% for IBIT.
IGV is categorized as Technology Equities, while IBIT is Cryptocurrency. IGV tracks S&P North American Expanded Technology Software Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.39% for IGV and 0.25% for IBIT.
IGV currently has the higher Sharpe Ratio (-0.35 vs -0.99), 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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