ILTB vs. FBTC
ILTB (iShares Core 10+ Year USD Bond ETF) and FBTC (Fidelity Wise Origin Bitcoin Fund) are both exchange-traded funds - ILTB is a Long-Term Bond fund tracking the Bloomberg U.S. Universal 10+ Year Index (USD), while FBTC is a Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Both are passively managed. Over the past year, ILTB returned 4.32% vs -46.31% for FBTC. At a 0.08 correlation, their price movements are largely independent. ILTB charges 0.06%/yr vs 0.25%/yr for FBTC.
Performance
ILTB vs. FBTC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ILTB achieves a -0.90% return, which is significantly higher than FBTC's -26.25% return.
ILTB
- 1D
- 0.17%
- 1M
- -1.64%
- 6M
- -1.44%
- YTD
- -0.90%
- 1Y
- 4.32%
- 3Y*
- 2.19%
- 5Y*
- -4.01%
- 10Y*
- 0.78%
FBTC
- 1D
- 3.86%
- 1M
- 1.57%
- 6M
- -31.71%
- YTD
- -26.25%
- 1Y
- -46.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ILTB vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ILTB iShares Core 10+ Year USD Bond ETF | -0.90% | 7.22% | -0.87% |
FBTC Fidelity Wise Origin Bitcoin Fund | -26.25% | -6.56% | 94.28% |
Correlation
The correlation between ILTB and FBTC is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.08 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ILTB vs. FBTC — Risk / Return Rank
ILTB
FBTC
ILTB vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core 10+ Year USD Bond ETF (ILTB) and Fidelity Wise Origin Bitcoin Fund (FBTC). 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.
| ILTB | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.83 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | -0.87 | +1.67 |
| Martin ratioReturn relative to average drawdown | 1.94 | -1.41 | +3.35 |
Loading charts...
Drawdowns
ILTB vs. FBTC - Drawdown Comparison
The maximum ILTB drawdown since its inception was -36.88%, smaller than the maximum FBTC drawdown of -53.35%. Use the drawdown chart below to compare losses from any high point for ILTB and FBTC.
Loading charts...
Drawdown Indicators
| ILTB | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.88% | -53.35% | +16.47% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | -53.35% | +47.93% |
Max Drawdown (3Y)Largest decline over 3 years | -14.60% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -35.22% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.88% | — | — |
Current DrawdownCurrent decline from peak | -22.22% | -48.63% | +26.41% |
Average DrawdownAverage peak-to-trough decline | -9.99% | -17.54% | +7.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 32.83% | -30.60% |
Volatility
ILTB vs. FBTC - Volatility Comparison
The current volatility for iShares Core 10+ Year USD Bond ETF (ILTB) is 2.09%, while Fidelity Wise Origin Bitcoin Fund (FBTC) has a volatility of 11.72%. This indicates that ILTB experiences smaller price fluctuations and is considered to be less risky than FBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ILTB | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 11.72% | -9.63% |
Volatility (6M)Calculated over the trailing 6-month period | 5.85% | 34.95% | -29.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.66% | 44.37% | -36.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.61% | 49.86% | -37.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.54% | 49.86% | -38.32% |
ILTB vs. FBTC - Expense Ratio Comparison
ILTB has a 0.06% expense ratio, which is lower than FBTC'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
ILTB vs. FBTC - Dividend Comparison
ILTB's dividend yield for the trailing twelve months is around 5.03%, while FBTC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ILTB iShares Core 10+ Year USD Bond ETF | 5.03% | 4.83% | 4.91% | 4.38% | 4.31% | 3.04% | 3.32% | 3.45% | 4.13% | 3.97% | 3.99% | 4.20% |
Frequently Asked Questions
ILTB and FBTC have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBTC has higher volatility (11.72%) compared to ILTB (2.09%). In terms of maximum drawdown, ILTB dropped -36.88% vs FBTC's -53.35%.
On 1-year performance, ILTB leads with 4.32% vs -46.31% for FBTC. On fees, ILTB is cheaper at 0.06% per year. On volatility, ILTB has been the lower-risk option at 2.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ILTB has performed better with a 4.32% return vs -46.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ILTB is cheaper with a 0.06% expense ratio, compared with 0.25% for FBTC.
ILTB has the higher dividend yield at 5.03%, compared with 0.00% for FBTC.
ILTB is categorized as Long-Term Bond, while FBTC is Cryptocurrency. ILTB tracks Bloomberg U.S. Universal 10+ Year Index (USD), while FBTC tracks Fidelity Bitcoin Reference Rate. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.06% for ILTB and 0.25% for FBTC.
ILTB currently has the higher Sharpe Ratio (0.57 vs -1.05), 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.
Find the right allocation for ILTB and FBTC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer