IMCB vs. IBIT
IMCB (iShares Morningstar Mid-Cap ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IMCB is a Mid Cap Blend Equities fund tracking the IMCB-US - Morningstar U.S. Mid Cap 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, IMCB returned 23.21% vs -44.50% for IBIT. Their 0.40 correlation means their historical movements had little consistent relationship. IMCB charges 0.04%/yr vs 0.25%/yr for IBIT.
Performance
IMCB vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IMCB achieves a 17.87% return, which is significantly higher than IBIT's -28.22% return.
IMCB
- 1D
- -0.25%
- 1M
- -0.01%
- 6M
- 14.48%
- YTD
- 17.87%
- 1Y
- 23.21%
- 3Y*
- 15.79%
- 5Y*
- 9.14%
- 10Y*
- 11.27%
- ALL TIME*
- 10.39%
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 | |
| $2.94M | $3.89M | $3.49M |
IMCB vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IMCB iShares Morningstar Mid-Cap ETF | 17.87% | 10.25% | 16.17% |
IBIT iShares Bitcoin Trust ETF | -28.22% | -6.41% | 89.87% |
Correlation
The correlation between IMCB and IBIT is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.40 |
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Return for Risk
IMCB vs. IBIT — Risk / Return Rank
IMCB
IBIT
IMCB vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Mid-Cap ETF (IMCB) 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.
| IMCB | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.69 | ||
| Sortino ratioReturn per unit of downside risk | +3.92 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.83 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | -0.87 | +3.55 |
| Martin ratioReturn relative to average drawdown | 10.73 | -1.34 | +12.06 |
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Drawdowns
IMCB vs. IBIT - Drawdown Comparison
The maximum IMCB drawdown since its inception was -58.80%, which is greater than IBIT's maximum drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for IMCB and IBIT.
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Drawdown Indicators
| IMCB | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.80% | -53.30% | -5.50% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -53.30% | +45.25% |
Max Drawdown (3Y)Largest decline over 3 years | -19.80% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.99% | — | — |
Current DrawdownCurrent decline from peak | -0.91% | -50.01% | +49.10% |
Average DrawdownAverage peak-to-trough decline | -7.68% | -18.24% | +10.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 34.66% | -32.65% |
Volatility
IMCB vs. IBIT - Volatility Comparison
The current volatility for iShares Morningstar Mid-Cap ETF (IMCB) is 2.32%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.21%. This indicates that IMCB 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
| IMCB | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 9.21% | -6.89% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 33.74% | -23.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.10% | 44.46% | -31.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.56% | 49.60% | -32.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 49.60% | -30.00% |
IMCB vs. IBIT - Expense Ratio Comparison
IMCB 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
IMCB vs. IBIT - Dividend Comparison
IMCB's dividend yield for the trailing twelve months is around 1.21%, 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% |
IMCB iShares Morningstar Mid-Cap ETF | 1.21% | 1.42% | 1.43% | 1.55% | 1.70% | 1.08% | 1.12% | 1.32% | 1.80% | 1.31% | 1.79% | 1.47% |
Frequently Asked Questions
IMCB and IBIT have a correlation of 0.42, 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 IMCB (2.32%). In terms of maximum drawdown, IMCB dropped -58.80% vs IBIT's -53.30%.
On 1-year performance, IMCB leads with 23.21% vs -44.50% for IBIT. On fees, IMCB is cheaper at 0.04% per year. On volatility, IMCB has been the lower-risk option at 2.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IMCB has performed better with a 23.21% return vs -44.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IMCB is cheaper with a 0.04% expense ratio, compared with 0.25% for IBIT.
IMCB has the higher dividend yield at 1.21%, compared with 0.00% for IBIT.
IMCB is categorized as Mid Cap Blend Equities, while IBIT is Cryptocurrency. IMCB tracks IMCB-US - Morningstar U.S. Mid Cap Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.04% for IMCB and 0.25% for IBIT.
IMCB currently has the higher Sharpe Ratio (1.65 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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