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IMCV vs. IBIT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

IMCV vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar Mid-Cap ETF (IMCV) and iShares Bitcoin Trust ETF (IBIT). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IMCV achieves a 9.96% return, which is significantly higher than IBIT's -25.48% return.


IMCV

1D
-0.21%
1M
2.12%
YTD
9.96%
6M
11.32%
1Y
23.41%
3Y*
16.66%
5Y*
8.69%
10Y*
10.40%

IBIT

1D
-2.76%
1M
-18.50%
YTD
-25.48%
6M
-29.84%
1Y
-38.74%
3Y*
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

IMCV vs. IBIT - Yearly Performance Comparison


2026 (YTD)20252024
IMCV
iShares Morningstar Mid-Cap ETF
9.96%13.52%13.68%
IBIT
iShares Bitcoin Trust ETF
-25.48%-6.41%99.21%

Correlation

The correlation between IMCV and IBIT is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.31

Correlation (All Time)
Calculated using the full available price history since Jan 12, 2024

0.34

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Return for Risk

IMCV vs. IBIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IMCV
IMCV Risk / Return Rank: 6363
Overall Rank
IMCV Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
IMCV Sortino Ratio Rank: 6262
Sortino Ratio Rank
IMCV Omega Ratio Rank: 5858
Omega Ratio Rank
IMCV Calmar Ratio Rank: 6868
Calmar Ratio Rank
IMCV Martin Ratio Rank: 6969
Martin Ratio Rank

IBIT
IBIT Risk / Return Rank: 22
Overall Rank
IBIT Sharpe Ratio Rank: 22
Sharpe Ratio Rank
IBIT Sortino Ratio Rank: 22
Sortino Ratio Rank
IBIT Omega Ratio Rank: 22
Omega Ratio Rank
IBIT Calmar Ratio Rank: 22
Calmar Ratio Rank
IBIT Martin Ratio Rank: 22
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IMCV vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Mid-Cap ETF (IMCV) 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.


IMCVIBITDifference
Sharpe ratioReturn per unit of total volatility

+2.91

Sortino ratioReturn per unit of downside risk

+4.16

Omega ratioGain probability vs. loss probability

1.36

0.86

+0.50

Calmar ratioReturn relative to maximum drawdown

3.41

-0.79

+4.19

Martin ratioReturn relative to average drawdown

12.72

-1.36

+14.08

IMCV vs. IBIT - Sharpe Ratio Comparison

The current IMCV Sharpe Ratio is 2.02, which is higher than the IBIT Sharpe Ratio of -0.89. The chart below compares the historical Sharpe Ratios of IMCV and IBIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


IMCVIBITDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.02

-0.89

+2.91

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.53

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

Sharpe Ratio (All Time)

Calculated using the full available price history

0.47

0.30

+0.18

Drawdowns

IMCV vs. IBIT - Drawdown Comparison

The maximum IMCV drawdown since its inception was -64.74%, which is greater than IBIT's maximum drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for IMCV and IBIT.


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Drawdown Indicators


IMCVIBITDifference

Max Drawdown

Largest peak-to-trough decline

-64.74%

-49.36%

-15.38%

Max Drawdown (1Y)

Largest decline over 1 year

-6.90%

-49.36%

+42.46%

Max Drawdown (3Y)

Largest decline over 3 years

-18.63%

Max Drawdown (5Y)

Largest decline over 5 years

-19.87%

Max Drawdown (10Y)

Largest decline over 10 years

-46.33%

Current Drawdown

Current decline from peak

-0.21%

-48.10%

+47.89%

Average Drawdown

Average peak-to-trough decline

-8.42%

-16.02%

+7.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.85%

28.44%

-26.59%

Volatility

IMCV vs. IBIT - Volatility Comparison

The current volatility for iShares Morningstar Mid-Cap ETF (IMCV) is 2.56%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that IMCV 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


IMCVIBITDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.56%

9.50%

-6.94%

Volatility (6M)

Calculated over the trailing 6-month period

8.00%

34.44%

-26.44%

Volatility (1Y)

Calculated over the trailing 1-year period

11.63%

43.73%

-32.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.63%

50.19%

-33.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.66%

50.19%

-30.53%

IMCV vs. IBIT - Expense Ratio Comparison

IMCV 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

IMCV vs. IBIT - Dividend Comparison

IMCV's dividend yield for the trailing twelve months is around 1.94%, while IBIT has not paid dividends to shareholders.


PositionTTM20252024202320222021202020192018201720162015
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%
IMCV
iShares Morningstar Mid-Cap ETF
1.94%2.23%2.36%2.30%2.36%1.86%2.61%2.45%2.61%1.87%2.09%2.29%

Frequently Asked Questions


IMCV and IBIT have a correlation of 0.31, 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 IMCV (2.56%). In terms of maximum drawdown, IMCV dropped -64.74% vs IBIT's -49.36%.

On 1-year performance, IMCV leads with 23.41% vs -38.74% for IBIT. On fees, IMCV is cheaper at 0.06% per year. On volatility, IMCV has been the lower-risk option at 2.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, IMCV has performed better with a 23.41% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IMCV is cheaper with a 0.06% expense ratio, compared with 0.25% for IBIT.

IMCV has the higher dividend yield at 1.94%, compared with 0.00% for IBIT.

IMCV is categorized as Mid Cap Value Equities, while IBIT is Cryptocurrency. IMCV tracks Morningstar US Mid Cap Broad Value Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.06% for IMCV and 0.25% for IBIT.

IMCV currently has the higher Sharpe Ratio (2.02 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.

Portfolio Optimizer

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