IGV vs. IBIT
IGV (iShares Expanded Tech-Software Sector ET) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IGV is a Technology Equities fund tracking the S&P North American 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 -4.56% vs -38.74% for IBIT. At a 0.36 correlation, their price movements are largely independent. IGV charges 0.46%/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 -5.19% return, which is significantly higher than IBIT's -25.48% return.
IGV
- 1D
- -4.33%
- 1M
- 13.30%
- YTD
- -5.19%
- 6M
- -6.07%
- 1Y
- -4.56%
- 3Y*
- 14.91%
- 5Y*
- 6.80%
- 10Y*
- 16.89%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGV vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ET | -5.19% | 5.56% | 22.86% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between IGV and IBIT is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 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 ET (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.
| IGV | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.86 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | -0.79 | +0.66 |
| Martin ratioReturn relative to average drawdown | -0.27 | -1.36 | +1.10 |
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
| IGV | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.17 | -0.89 | +0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.30 | +0.07 |
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 -49.36%. 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% | -49.36% | -14.09% |
Max Drawdown (1Y)Largest decline over 1 year | -36.61% | -49.36% | +12.75% |
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 | -14.93% | -48.10% | +33.17% |
Average DrawdownAverage peak-to-trough decline | -14.44% | -16.02% | +1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.22% | 28.44% | -11.22% |
Volatility
IGV vs. IBIT - Volatility Comparison
iShares Expanded Tech-Software Sector ET (IGV) has a higher volatility of 11.63% compared to iShares Bitcoin Trust ETF (IBIT) at 9.50%. This indicates that IGV's price experiences larger fluctuations and is considered to be riskier 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 | 11.63% | 9.50% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 24.39% | 34.44% | -10.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.61% | 43.73% | -16.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.86% | 50.19% | -22.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.35% | 50.19% | -23.84% |
IGV vs. IBIT - Expense Ratio Comparison
IGV has a 0.46% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
IGV vs. IBIT - Dividend Comparison
Neither IGV nor IBIT has 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 ET | 0.00% | 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 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGV has higher volatility (11.63%) compared to IBIT (9.50%). In terms of maximum drawdown, IGV dropped -63.45% vs IBIT's -49.36%.
On 1-year performance, IGV leads with -4.56% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 9.50%. 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 -4.56% 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 0.46% for IGV.
IGV and IBIT have nearly identical dividend yields, around 0.00%.
IGV is categorized as Technology Equities, while IBIT is Cryptocurrency. IGV tracks S&P North American Technology-Software Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.46% for IGV and 0.25% for IBIT.
IGV currently has the higher Sharpe Ratio (-0.17 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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