ISAC.L vs. IBIT
ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - ISAC.L is a Global Equities fund tracking the MSCI All Country World Index (Net), while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, ISAC.L returned 25.90% vs -39.44% for IBIT. At a 0.29 correlation, their price movements are largely independent. ISAC.L charges 0.20%/yr vs 0.25%/yr for IBIT.
Performance
ISAC.L vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, ISAC.L achieves a 9.28% return, which is significantly higher than IBIT's -27.71% return.
ISAC.L
- 1D
- -0.49%
- 1M
- 0.23%
- YTD
- 9.28%
- 6M
- 10.77%
- 1Y
- 25.90%
- 3Y*
- 20.19%
- 5Y*
- 10.90%
- 10Y*
- 12.55%
IBIT
- 1D
- 5.13%
- 1M
- -21.03%
- YTD
- -27.71%
- 6M
- -30.34%
- 1Y
- -39.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ISAC.L vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ISAC.L iShares MSCI ACWI UCITS ETF USD (Acc) | 9.28% | 22.36% | 18.95% |
IBIT iShares Bitcoin Trust ETF | -27.71% | -6.41% | 89.87% |
Correlation
The correlation between ISAC.L and IBIT is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.29 |
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Return for Risk
ISAC.L vs. IBIT — Risk / Return Rank
ISAC.L
IBIT
ISAC.L vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) 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.
| ISAC.L | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.96 | ||
| Sortino ratioReturn per unit of downside risk | +4.30 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.86 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | -0.76 | +3.70 |
| Martin ratioReturn relative to average drawdown | 12.26 | -1.36 | +13.63 |
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
| ISAC.L | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | -0.90 | +2.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.26 | +0.45 |
Drawdowns
ISAC.L vs. IBIT - Drawdown Comparison
The maximum ISAC.L drawdown since its inception was -33.82%, smaller than the maximum IBIT drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for ISAC.L and IBIT.
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Drawdown Indicators
| ISAC.L | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.82% | -52.11% | +18.29% |
Max Drawdown (1Y)Largest decline over 1 year | -8.77% | -52.11% | +43.34% |
Max Drawdown (3Y)Largest decline over 3 years | -16.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.07% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.82% | — | — |
Current DrawdownCurrent decline from peak | -2.73% | -49.66% | +46.93% |
Average DrawdownAverage peak-to-trough decline | -4.64% | -16.19% | +11.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 28.97% | -26.86% |
Volatility
ISAC.L vs. IBIT - Volatility Comparison
The current volatility for iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) is 3.92%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 11.85%. This indicates that ISAC.L 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
| ISAC.L | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 11.85% | -7.93% |
Volatility (6M)Calculated over the trailing 6-month period | 9.92% | 34.60% | -24.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.54% | 44.28% | -31.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 50.32% | -34.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.96% | 50.32% | -34.36% |
ISAC.L vs. IBIT - Expense Ratio Comparison
ISAC.L has a 0.20% 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
ISAC.L vs. IBIT - Dividend Comparison
Neither ISAC.L nor IBIT has paid dividends to shareholders.
Frequently Asked Questions
ISAC.L and IBIT have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISAC.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISAC.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IBIT.
ISAC.L is categorized as Global Equities, while IBIT is Cryptocurrency. ISAC.L tracks MSCI All Country World Index (Net), while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.20% for ISAC.L and 0.25% for IBIT.
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