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 7.17% vs -38.65% 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
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Returns By Period
In the year-to-date period, ILTB achieves a 0.30% return, which is significantly higher than FBTC's -25.34% return.
ILTB
- 1D
- -0.33%
- 1M
- 1.04%
- YTD
- 0.30%
- 6M
- -0.71%
- 1Y
- 7.17%
- 3Y*
- 2.78%
- 5Y*
- -2.88%
- 10Y*
- 1.32%
FBTC
- 1D
- -2.65%
- 1M
- -18.37%
- YTD
- -25.34%
- 6M
- -29.78%
- 1Y
- -38.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ILTB vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ILTB iShares Core 10+ Year USD Bond ETF | 0.30% | 7.22% | -1.62% |
FBTC Fidelity Wise Origin Bitcoin Fund | -25.34% | -6.56% | 99.56% |
Correlation
The correlation between ILTB and FBTC is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.08 |
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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.
| ILTB | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.80 | ||
| Sortino ratioReturn per unit of downside risk | +2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.86 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | -0.79 | +2.11 |
| Martin ratioReturn relative to average drawdown | 3.38 | -1.36 | +4.74 |
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
| ILTB | FBTC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | -0.89 | +1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.30 | +0.05 |
Drawdowns
ILTB vs. FBTC - Drawdown Comparison
The maximum ILTB drawdown since its inception was -36.88%, smaller than the maximum FBTC drawdown of -49.33%. Use the drawdown chart below to compare losses from any high point for ILTB and FBTC.
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Drawdown Indicators
| ILTB | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.88% | -49.33% | +12.45% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | -49.33% | +43.91% |
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 | -21.28% | -48.00% | +26.72% |
Average DrawdownAverage peak-to-trough decline | -9.92% | -16.01% | +6.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 28.41% | -26.28% |
Volatility
ILTB vs. FBTC - Volatility Comparison
The current volatility for iShares Core 10+ Year USD Bond ETF (ILTB) is 2.50%, while Fidelity Wise Origin Bitcoin Fund (FBTC) has a volatility of 9.39%. 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.
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Volatility by Period
| ILTB | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 9.39% | -6.89% |
Volatility (6M)Calculated over the trailing 6-month period | 5.54% | 34.38% | -28.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.88% | 43.61% | -35.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.64% | 50.13% | -37.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.56% | 50.13% | -38.57% |
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 4.96%, 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 | 4.96% | 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 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBTC has higher volatility (9.39%) compared to ILTB (2.50%). In terms of maximum drawdown, ILTB dropped -36.88% vs FBTC's -49.33%.
On 1-year performance, ILTB leads with 7.17% vs -38.65% for FBTC. On fees, ILTB is cheaper at 0.06% per year. On volatility, ILTB has been the lower-risk option at 2.50%. 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 7.17% return vs -38.65%. 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 4.96%, 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 (0.91 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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