ILCV vs. IBIT
ILCV (iShares Morningstar Value ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - ILCV is a Large Cap Value Equities fund tracking the Morningstar US Large-Mid Cap Broad Value 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, ILCV returned 29.26% vs -44.50% for IBIT. Their 0.33 correlation means their historical movements had little consistent relationship. ILCV charges 0.04%/yr vs 0.25%/yr for IBIT.
Performance
ILCV vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, ILCV achieves a 12.42% return, which is significantly higher than IBIT's -28.22% return.
ILCV
- 1D
- 0.30%
- 1M
- 2.03%
- 6M
- 10.11%
- YTD
- 12.42%
- 1Y
- 29.26%
- 3Y*
- 17.48%
- 5Y*
- 12.42%
- 10Y*
- 11.90%
- ALL TIME*
- 8.73%
IBIT
- 1D
- -2.89%
- 1M
- 2.21%
- 6M
- -24.95%
- YTD
- -28.22%
- 1Y
- -44.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.30B | $1.34B | $1.68B | |
| $1.89M | $2.26M | $2.59M |
ILCV vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ILCV iShares Morningstar Value ETF | 12.42% | 18.79% | 17.13% |
IBIT iShares Bitcoin Trust ETF | -28.22% | -6.41% | 89.87% |
Correlation
The correlation between ILCV 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 | 0.33 |
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Return for Risk
ILCV vs. IBIT — Risk / Return Rank
ILCV
IBIT
ILCV vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Value ETF (ILCV) 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.
| ILCV | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.80 | ||
| Sortino ratioReturn per unit of downside risk | +5.44 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 0.83 | +0.67 |
| Calmar ratioReturn relative to maximum drawdown | 4.22 | -0.87 | +5.09 |
| Martin ratioReturn relative to average drawdown | 17.65 | -1.34 | +18.99 |
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Drawdowns
ILCV vs. IBIT - Drawdown Comparison
The maximum ILCV drawdown since its inception was -58.63%, which is greater than IBIT's maximum drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for ILCV and IBIT.
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Drawdown Indicators
| ILCV | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.63% | -53.30% | -5.33% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -53.30% | +46.75% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.53% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -50.01% | +50.01% |
Average DrawdownAverage peak-to-trough decline | -9.26% | -18.24% | +8.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 34.66% | -33.10% |
Volatility
ILCV vs. IBIT - Volatility Comparison
The current volatility for iShares Morningstar Value ETF (ILCV) is 2.91%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.21%. This indicates that ILCV 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
| ILCV | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | 9.21% | -6.30% |
Volatility (6M)Calculated over the trailing 6-month period | 7.33% | 33.74% | -26.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.09% | 44.46% | -34.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.16% | 49.60% | -35.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 49.60% | -32.97% |
ILCV vs. IBIT - Expense Ratio Comparison
ILCV has a 0.04% 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
ILCV vs. IBIT - Dividend Comparison
ILCV's dividend yield for the trailing twelve months is around 1.55%, 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% |
ILCV iShares Morningstar Value ETF | 1.55% | 1.77% | 1.99% | 2.27% | 2.32% | 2.01% | 2.96% | 2.70% | 2.93% | 2.32% | 2.76% | 3.01% |
Frequently Asked Questions
ILCV 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 (9.21%) compared to ILCV (2.91%). In terms of maximum drawdown, ILCV dropped -58.63% vs IBIT's -53.30%.
On 1-year performance, ILCV leads with 29.26% vs -44.50% for IBIT. On fees, ILCV is cheaper at 0.04% per year. On volatility, ILCV has been the lower-risk option at 2.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ILCV has performed better with a 29.26% return vs -44.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ILCV is cheaper with a 0.04% expense ratio, compared with 0.25% for IBIT.
ILCV has the higher dividend yield at 1.55%, compared with 0.00% for IBIT.
ILCV is categorized as Large Cap Value Equities, while IBIT is Cryptocurrency. ILCV tracks Morningstar US Large-Mid Cap Broad Value Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.04% for ILCV and 0.25% for IBIT.
ILCV currently has the higher Sharpe Ratio (2.75 vs -1.04), 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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