IMTM vs. IBIT
IMTM (iShares MSCI Intl Momentum Factor ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IMTM is a Momentum fund tracking the MSCI World ex USA Momentum, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, IMTM returned 23.92% vs -38.74% for IBIT. At a 0.32 correlation, their price movements are largely independent. IMTM charges 0.30%/yr vs 0.25%/yr for IBIT.
Performance
IMTM vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IMTM achieves a 11.05% return, which is significantly higher than IBIT's -25.48% return.
IMTM
- 1D
- -0.39%
- 1M
- 4.43%
- YTD
- 11.05%
- 6M
- 14.04%
- 1Y
- 23.92%
- 3Y*
- 21.55%
- 5Y*
- 9.00%
- 10Y*
- 10.29%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IMTM vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IMTM iShares MSCI Intl Momentum Factor ETF | 11.05% | 34.50% | 10.97% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between IMTM and IBIT is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.32 |
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Return for Risk
IMTM vs. IBIT — Risk / Return Rank
IMTM
IBIT
IMTM vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Intl Momentum Factor ETF (IMTM) 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.
| IMTM | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.30 | ||
| Sortino ratioReturn per unit of downside risk | +3.29 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.86 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | -0.79 | +2.66 |
| Martin ratioReturn relative to average drawdown | 7.46 | -1.36 | +8.83 |
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
| IMTM | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | -0.89 | +2.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.30 | +0.21 |
Drawdowns
IMTM vs. IBIT - Drawdown Comparison
The maximum IMTM drawdown since its inception was -32.66%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for IMTM and IBIT.
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Drawdown Indicators
| IMTM | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.66% | -49.36% | +16.70% |
Max Drawdown (1Y)Largest decline over 1 year | -12.85% | -49.36% | +36.51% |
Max Drawdown (3Y)Largest decline over 3 years | -12.85% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.66% | — | — |
Current DrawdownCurrent decline from peak | -0.39% | -48.10% | +47.71% |
Average DrawdownAverage peak-to-trough decline | -7.45% | -16.02% | +8.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 28.44% | -25.23% |
Volatility
IMTM vs. IBIT - Volatility Comparison
The current volatility for iShares MSCI Intl Momentum Factor ETF (IMTM) is 5.48%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that IMTM 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
| IMTM | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.48% | 9.50% | -4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 14.98% | 34.44% | -19.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.04% | 43.73% | -26.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.64% | 50.19% | -32.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.64% | 50.19% | -32.55% |
IMTM vs. IBIT - Expense Ratio Comparison
IMTM has a 0.30% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
IMTM vs. IBIT - Dividend Comparison
IMTM's dividend yield for the trailing twelve months is around 4.23%, 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% |
IMTM iShares MSCI Intl Momentum Factor ETF | 4.23% | 4.70% | 2.93% | 2.29% | 2.68% | 2.51% | 0.97% | 2.13% | 2.36% | 1.92% | 2.75% | 1.56% |
Frequently Asked Questions
IMTM and IBIT have a correlation of 0.39, 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 IMTM (5.48%). In terms of maximum drawdown, IMTM dropped -32.66% vs IBIT's -49.36%.
On 1-year performance, IMTM leads with 23.92% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IMTM has been the lower-risk option at 5.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IMTM has performed better with a 23.92% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.30% for IMTM.
IMTM has the higher dividend yield at 4.23%, compared with 0.00% for IBIT.
IMTM is categorized as Momentum, while IBIT is Cryptocurrency. IMTM tracks MSCI World ex USA Momentum, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.30% for IMTM and 0.25% for IBIT.
IMTM currently has the higher Sharpe Ratio (1.41 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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