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.
Performance
IRON vs. IBIT - Performance Comparison
Returns By Period
IRON
3.10%
17.78%
90.50%
16.51%
N/A
N/A
IBIT
N/A
34.89%
33.52%
N/A
N/A
N/A
Key characteristics
| IRON | IBIT | |
|---|---|---|
| Daily Std Dev | 73.45% | 57.72% |
| Max Drawdown | -96.68% | -27.51% |
| Current Drawdown | -88.97% | 0.00% |
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Correlation
The correlation between IRON and IBIT is 0.10, 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.
Risk-Adjusted Performance
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.
Not enough dataDividends
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
Disc Medicine Inc. (IRON) has a higher volatility of 27.83% compared to iShares Bitcoin Trust (IBIT) at 18.31%. 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.