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 0.18, 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:
0.69
IBIT:
0.64
IRON:
1.46
IBIT:
1.26
IRON:
1.18
IBIT:
1.14
IRON:
0.43
IBIT:
1.24
IRON:
2.96
IBIT:
2.75
IRON:
13.79%
IBIT:
12.74%
IRON:
58.94%
IBIT:
54.56%
IRON:
-96.68%
IBIT:
-28.22%
IRON:
-92.19%
IBIT:
-20.53%
Returns By Period
In the year-to-date period, IRON achieves a -33.49% return, which is significantly lower than IBIT's -9.03% return.
IRON
-33.49%
-21.54%
-16.60%
40.46%
N/A
N/A
IBIT
-9.03%
-0.72%
23.52%
33.28%
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 -28.22%. 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
Disc Medicine Inc. (IRON) has a higher volatility of 28.15% compared to iShares Bitcoin Trust (IBIT) at 16.56%. This indicates that IRON's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.