ILTB vs. IBIT
ILTB (iShares Core 10+ Year USD Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - ILTB is a Long-Term Bond fund tracking the Bloomberg U.S. Universal 10+ Year Index (USD), while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, ILTB returned 7.17% vs -38.74% for IBIT. At a 0.08 correlation, their price movements are largely independent. ILTB charges 0.06%/yr vs 0.25%/yr for IBIT.
Performance
ILTB vs. IBIT - 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 IBIT's -25.48% 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%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ILTB vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ILTB iShares Core 10+ Year USD Bond ETF | 0.30% | 7.22% | -1.62% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between ILTB and IBIT 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. IBIT — Risk / Return Rank
ILTB
IBIT
ILTB vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core 10+ Year USD Bond ETF (ILTB) 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.
| ILTB | IBIT | 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 | +2.12 |
| 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 | IBIT | 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. IBIT - Drawdown Comparison
The maximum ILTB drawdown since its inception was -36.88%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for ILTB and IBIT.
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Drawdown Indicators
| ILTB | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.88% | -49.36% | +12.48% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | -49.36% | +43.94% |
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% | -48.10% | +26.82% |
Average DrawdownAverage peak-to-trough decline | -9.92% | -16.02% | +6.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 28.44% | -26.31% |
Volatility
ILTB vs. IBIT - Volatility Comparison
The current volatility for iShares Core 10+ Year USD Bond ETF (ILTB) is 2.50%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that ILTB 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
| ILTB | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 9.50% | -7.00% |
Volatility (6M)Calculated over the trailing 6-month period | 5.54% | 34.44% | -28.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.88% | 43.73% | -35.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.64% | 50.19% | -37.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.56% | 50.19% | -38.63% |
ILTB vs. IBIT - Expense Ratio Comparison
ILTB has a 0.06% 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
ILTB vs. IBIT - Dividend Comparison
ILTB's dividend yield for the trailing twelve months is around 4.96%, 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% |
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 IBIT 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.
IBIT has higher volatility (9.50%) compared to ILTB (2.50%). In terms of maximum drawdown, ILTB dropped -36.88% vs IBIT's -49.36%.
On 1-year performance, ILTB leads with 7.17% vs -38.74% for IBIT. 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 -38.74%. 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 IBIT.
ILTB has the higher dividend yield at 4.96%, compared with 0.00% for IBIT.
ILTB is categorized as Long-Term Bond, while IBIT is Cryptocurrency. ILTB tracks Bloomberg U.S. Universal 10+ Year Index (USD), while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.06% for ILTB and 0.25% for IBIT.
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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