IHAK vs. IBIT

Last updated Jun 5, 2026

IHAK (iShares Cybersecurity & Tech ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IHAK is a Technology Equities fund tracking the NYSE FactSet Global Cyber Security 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, IHAK returned 14.94% vs -39.60% for IBIT. At a 0.34 correlation, their price movements are largely independent. IHAK charges 0.47%/yr vs 0.25%/yr for IBIT.

Performance

IHAK vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Cybersecurity & Tech ETF (IHAK) and iShares Bitcoin Trust ETF (IBIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IHAK achieves a 22.96% return, which is significantly higher than IBIT's -27.45% return.

IHAK

• 1D: -0.22%
• 1M: 19.29%
• YTD: 22.96%
• 6M: 19.22%
• 1Y: 14.94%
• 3Y*: 17.49%
• 5Y*: 7.79%
• 10Y*: —

IBIT

• 1D: -2.65%
• 1M: -22.17%
• YTD: -27.45%
• 6M: -31.40%
• 1Y: -39.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IHAK vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IHAK iShares Cybersecurity & Tech ETF	22.96%	-1.29%	6.43%
IBIT iShares Bitcoin Trust ETF	-27.45%	-6.41%	99.21%

Correlation

The correlation between IHAK and IBIT is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024	0.34

Return for Risk

IHAK vs. IBIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IHAK

IHAK Risk / Return Rank: 19
IHAK Sharpe Ratio Rank: 20
IHAK Sortino Ratio Rank: 20
IHAK Omega Ratio Rank: 20
IHAK Calmar Ratio Rank: 17
IHAK Martin Ratio Rank: 16

IBIT

IBIT Risk / Return Rank: 2
IBIT Sharpe Ratio Rank: 2
IBIT Sortino Ratio Rank: 2
IBIT Omega Ratio Rank: 2
IBIT Calmar Ratio Rank: 2
IBIT Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IHAK vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Cybersecurity & Tech ETF (IHAK) 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.

	IHAK	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	0.62	-0.91	+1.53
Sortino ratio: Return per unit of downside risk	0.98	-1.27	+2.25
Omega ratio: Gain probability vs. loss probability	1.13	0.86	+0.27
Calmar ratio: Return relative to maximum drawdown	0.64	-0.80	+1.44
Martin ratio: Return relative to average drawdown	1.50	-1.39	+2.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IHAK vs. IBIT - Sharpe Ratio Comparison

The current IHAK Sharpe Ratio is 0.62, which is higher than the IBIT Sharpe Ratio of -0.91. The chart below compares the historical Sharpe Ratios of IHAK and IBIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IHAK	IBIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.62	-0.91	+1.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.27	+0.28

Drawdowns

IHAK vs. IBIT - Drawdown Comparison

The maximum IHAK drawdown since its inception was -34.42%, smaller than the maximum IBIT drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for IHAK and IBIT.

Drawdown Indicators

	IHAK	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-34.42%	-49.47%	+15.05%
Max Drawdown (1Y) Largest decline over 1 year	-23.48%	-49.47%	+25.99%
Max Drawdown (3Y) Largest decline over 3 years	-23.48%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.42%	—	—
Current Drawdown Current decline from peak	-3.03%	-49.47%	+46.44%
Average Drawdown Average peak-to-trough decline	-10.76%	-16.07%	+5.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.98%	28.61%	-18.63%

Volatility

IHAK vs. IBIT - Volatility Comparison

iShares Cybersecurity & Tech ETF (IHAK) and iShares Bitcoin Trust ETF (IBIT) have volatilities of 9.43% and 9.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IHAK	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.43%	9.14%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	19.92%	33.89%	-13.97%
Volatility (1Y) Calculated over the trailing 1-year period	24.03%	43.76%	-19.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.57%	50.18%	-26.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.41%	50.18%	-25.77%

IHAK vs. IBIT - Expense Ratio Comparison

IHAK has a 0.47% expense ratio, which is higher than IBIT's 0.25% expense ratio.

Dividends

IHAK vs. IBIT - Dividend Comparison

IHAK's dividend yield for the trailing twelve months is around 0.07%, while IBIT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IBIT iShares Bitcoin Trust ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IHAK iShares Cybersecurity & Tech ETF	0.07%	0.08%	0.20%	0.13%	0.25%	0.50%	0.40%	0.50%

Frequently Asked Questions

Can I hold both IHAK and IBIT in my portfolio?

IHAK and IBIT have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IHAK or IBIT?

IHAK has higher volatility (9.43%) compared to IBIT (9.14%). In terms of maximum drawdown, IHAK dropped -34.42% vs IBIT's -49.47%.

Which ETF is better, IHAK or IBIT?

On 1-year performance, IHAK leads with 14.94% vs -39.60% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 9.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IHAK or IBIT?

Over the 1-year period, IHAK has performed better with a 14.94% return vs -39.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IHAK or IBIT?

IBIT is cheaper with a 0.25% expense ratio, compared with 0.47% for IHAK.

Which ETF pays a higher dividend yield, IHAK or IBIT?

IHAK has the higher dividend yield at 0.07%, compared with 0.00% for IBIT.

What is the main difference between IHAK and IBIT?

IHAK is categorized as Technology Equities, while IBIT is Cryptocurrency. IHAK tracks NYSE FactSet Global Cyber Security Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.47% for IHAK and 0.25% for IBIT.

Which has better risk-adjusted returns?

IHAK currently has the higher Sharpe Ratio (0.62 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.