ILCB vs. IBIT

Last updated Jun 24, 2026

ILCB (iShares Morningstar U.S. Equity ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - ILCB is a Large Cap Growth Equities fund tracking the Morningstar US Large-Mid Cap 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, ILCB returned 23.81% vs -39.82% for IBIT. At a 0.42 correlation, their price movements are largely independent. ILCB charges 0.03%/yr vs 0.25%/yr for IBIT.

Performance

ILCB vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar U.S. Equity ETF (ILCB) 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, ILCB achieves a 8.52% return, which is significantly higher than IBIT's -28.88% return.

ILCB

• 1D: -1.36%
• 1M: -1.01%
• YTD: 8.52%
• 6M: 7.55%
• 1Y: 23.81%
• 3Y*: 21.04%
• 5Y*: 12.58%
• 10Y*: 14.97%

IBIT

• 1D: -3.26%
• 1M: -17.81%
• YTD: -28.88%
• 6M: -28.88%
• 1Y: -39.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ILCB vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ILCB iShares Morningstar U.S. Equity ETF	8.52%	17.70%	24.82%
IBIT iShares Bitcoin Trust ETF	-28.88%	-6.41%	89.87%

Correlation

The correlation between ILCB and IBIT is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.42

Return for Risk

ILCB vs. IBIT — Risk / Return Rank

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

ILCB

ILCB Risk / Return Rank: 60
ILCB Sharpe Ratio Rank: 60
ILCB Sortino Ratio Rank: 57
ILCB Omega Ratio Rank: 59
ILCB Calmar Ratio Rank: 57
ILCB Martin Ratio Rank: 67

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.

ILCB vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar U.S. Equity ETF (ILCB) 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.

	ILCB	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	1.89	-0.90	+2.79
Sortino ratio: Return per unit of downside risk	2.59	-1.25	+3.84
Omega ratio: Gain probability vs. loss probability	1.34	0.86	+0.48
Calmar ratio: Return relative to maximum drawdown	2.63	-0.77	+3.40
Martin ratio: Return relative to average drawdown	11.66	-1.30	+12.96

ILCB vs. IBIT - Sharpe Ratio Comparison

The current ILCB Sharpe Ratio is 1.89, which is higher than the IBIT Sharpe Ratio of -0.90. The chart below compares the historical Sharpe Ratios of ILCB 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.

Drawdowns

ILCB vs. IBIT - Drawdown Comparison

The maximum ILCB drawdown since its inception was -51.53%, roughly equal to the maximum IBIT drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for ILCB and IBIT.

Drawdown Indicators

	ILCB	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-51.53%	-52.11%	+0.58%
Max Drawdown (1Y) Largest decline over 1 year	-9.09%	-52.11%	+43.02%
Max Drawdown (3Y) Largest decline over 3 years	-19.05%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.30%	—	—
Current Drawdown Current decline from peak	-3.00%	-50.47%	+47.47%
Average Drawdown Average peak-to-trough decline	-6.23%	-16.85%	+10.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	30.58%	-28.53%

Volatility

ILCB vs. IBIT - Volatility Comparison

The current volatility for iShares Morningstar U.S. Equity ETF (ILCB) is 4.82%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.18%. This indicates that ILCB 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.

Volatility by Period

	ILCB	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	13.18%	-8.36%
Volatility (6M) Calculated over the trailing 6-month period	9.99%	34.64%	-24.65%
Volatility (1Y) Calculated over the trailing 1-year period	12.66%	44.31%	-31.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.23%	50.22%	-32.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.20%	50.22%	-32.02%

ILCB vs. IBIT - Expense Ratio Comparison

ILCB has a 0.03% 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

ILCB vs. IBIT - Dividend Comparison

ILCB's dividend yield for the trailing twelve months is around 1.00%, 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%
ILCB iShares Morningstar U.S. Equity ETF	1.00%	1.11%	1.19%	1.43%	1.65%	1.16%	1.26%	2.25%	2.17%	1.81%	1.97%	2.44%

Frequently Asked Questions

Can I hold both ILCB and IBIT in my portfolio?

ILCB and IBIT have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ILCB or IBIT?

IBIT has higher volatility (13.18%) compared to ILCB (4.82%). In terms of maximum drawdown, ILCB dropped -51.53% vs IBIT's -52.11%.

Which ETF is better, ILCB or IBIT?

On 1-year performance, ILCB leads with 23.81% vs -39.82% for IBIT. On fees, ILCB is cheaper at 0.03% per year. On volatility, ILCB has been the lower-risk option at 4.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ILCB or IBIT?

Over the 1-year period, ILCB has performed better with a 23.81% return vs -39.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ILCB or IBIT?

ILCB is cheaper with a 0.03% expense ratio, compared with 0.25% for IBIT.

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

ILCB has the higher dividend yield at 1.00%, compared with 0.00% for IBIT.

What is the main difference between ILCB and IBIT?

ILCB is categorized as Large Cap Growth Equities, while IBIT is Cryptocurrency. ILCB tracks Morningstar US Large-Mid Cap Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.03% for ILCB and 0.25% for IBIT.

Which has better risk-adjusted returns?

ILCB currently has the higher Sharpe Ratio (1.89 vs -0.90), 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.