IRON vs. IBIT
Compare and contrast key facts about Disc Medicine Inc. (IRON) and iShares Bitcoin Trust (IBIT).
IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IRON or IBIT.
Correlation
The correlation between IRON and IBIT is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IRON vs. IBIT - Performance Comparison
Key characteristics
IRON:
-0.06
IBIT:
2.31
IRON:
0.48
IBIT:
2.86
IRON:
1.08
IBIT:
1.33
IRON:
-0.04
IBIT:
4.76
IRON:
-0.11
IBIT:
10.92
IRON:
36.46%
IBIT:
11.99%
IRON:
73.18%
IBIT:
56.78%
IRON:
-96.68%
IBIT:
-27.51%
IRON:
-88.90%
IBIT:
-5.99%
Returns By Period
In the year-to-date period, IRON achieves a -5.44% return, which is significantly lower than IBIT's 7.62% return.
IRON
-5.44%
-7.77%
29.79%
-7.77%
N/A
N/A
IBIT
7.62%
-5.99%
57.62%
133.88%
N/A
N/A
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Risk-Adjusted Performance
IRON vs. IBIT — Risk-Adjusted Performance Rank
IRON
IBIT
IRON vs. IBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Disc Medicine Inc. (IRON) and iShares Bitcoin Trust (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.
Dividends
IRON vs. IBIT - Dividend Comparison
Neither IRON nor IBIT has paid dividends to shareholders.
Drawdowns
IRON vs. IBIT - Drawdown Comparison
The maximum IRON drawdown since its inception was -96.68%, which is greater than IBIT's maximum drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for IRON and IBIT. For additional features, visit the drawdowns tool.
Volatility
IRON vs. IBIT - Volatility Comparison
The current volatility for Disc Medicine Inc. (IRON) is 11.21%, while iShares Bitcoin Trust (IBIT) has a volatility of 15.77%. This indicates that IRON 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.