ILF vs. IBIT
ILF (iShares Latin American 40 ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - ILF is a Latin America Equities fund tracking the S&P Latin America 40 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, ILF returned 39.82% vs -38.74% for IBIT. At a 0.29 correlation, their price movements are largely independent. ILF charges 0.48%/yr vs 0.25%/yr for IBIT.
Performance
ILF vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, ILF achieves a 11.66% return, which is significantly higher than IBIT's -25.48% return.
ILF
- 1D
- -2.72%
- 1M
- -4.92%
- YTD
- 11.66%
- 6M
- 10.51%
- 1Y
- 39.82%
- 3Y*
- 15.62%
- 5Y*
- 8.53%
- 10Y*
- 8.33%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ILF vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ILF iShares Latin American 40 ETF | 11.66% | 52.65% | -21.27% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between ILF and IBIT is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.29 |
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Return for Risk
ILF vs. IBIT — Risk / Return Rank
ILF
IBIT
ILF vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Latin American 40 ETF (ILF) 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.
| ILF | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.73 | ||
| Sortino ratioReturn per unit of downside risk | +3.66 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.86 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | -0.79 | +3.94 |
| Martin ratioReturn relative to average drawdown | 9.70 | -1.36 | +11.06 |
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
| ILF | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | -0.89 | +2.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.30 | +0.01 |
Drawdowns
ILF vs. IBIT - Drawdown Comparison
The maximum ILF drawdown since its inception was -67.48%, which is greater than IBIT's maximum drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for ILF and IBIT.
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Drawdown Indicators
| ILF | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.48% | -49.36% | -18.12% |
Max Drawdown (1Y)Largest decline over 1 year | -12.67% | -49.36% | +36.69% |
Max Drawdown (3Y)Largest decline over 3 years | -23.97% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -57.79% | — | — |
Current DrawdownCurrent decline from peak | -10.76% | -48.10% | +37.34% |
Average DrawdownAverage peak-to-trough decline | -23.94% | -16.02% | -7.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.12% | 28.44% | -24.32% |
Volatility
ILF vs. IBIT - Volatility Comparison
The current volatility for iShares Latin American 40 ETF (ILF) is 6.49%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that ILF 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
| ILF | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.49% | 9.50% | -3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 18.52% | 34.44% | -15.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.76% | 43.73% | -21.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.18% | 50.19% | -27.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.44% | 50.19% | -21.75% |
ILF vs. IBIT - Expense Ratio Comparison
ILF has a 0.48% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
ILF vs. IBIT - Dividend Comparison
ILF's dividend yield for the trailing twelve months is around 3.93%, 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% |
ILF iShares Latin American 40 ETF | 3.93% | 4.39% | 7.44% | 4.61% | 12.72% | 8.47% | 1.88% | 3.09% | 3.12% | 1.80% | 1.59% | 3.25% |
Frequently Asked Questions
ILF and IBIT have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.50%) compared to ILF (6.49%). In terms of maximum drawdown, ILF dropped -67.48% vs IBIT's -49.36%.
On 1-year performance, ILF leads with 39.82% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, ILF has been the lower-risk option at 6.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ILF has performed better with a 39.82% 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 0.48% for ILF.
ILF has the higher dividend yield at 3.93%, compared with 0.00% for IBIT.
ILF is categorized as Latin America Equities, while IBIT is Cryptocurrency. ILF tracks S&P Latin America 40 Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.48% for ILF and 0.25% for IBIT.
ILF currently has the higher Sharpe Ratio (1.84 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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