ISBG vs. MSBT

Last updated Jun 5, 2026

ISBG (IncomeSTKd 1x Bitcoin & 1x Gold Premium ETF) and MSBT (Morgan Stanley Bitcoin Trust) are both Cryptocurrency funds. ISBG is actively managed, while MSBT is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. ISBG charges 1.14%/yr vs 0.14%/yr for MSBT.

Performance

ISBG vs. MSBT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IncomeSTKd 1x Bitcoin & 1x Gold Premium ETF (ISBG) and Morgan Stanley Bitcoin Trust (MSBT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ISBG

• 1D: -2.50%
• 1M: -30.62%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSBT

• 1D: -2.77%
• 1M: -22.16%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ISBG vs. MSBT - Yearly Performance Comparison

	2026 (YTD)
ISBG IncomeSTKd 1x Bitcoin & 1x Gold Premium ETF	-19.66%
MSBT Morgan Stanley Bitcoin Trust	-10.94%

Correlation

The correlation between ISBG and MSBT is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 9, 2026	0.91

Return for Risk

ISBG vs. MSBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IncomeSTKd 1x Bitcoin & 1x Gold Premium ETF (ISBG) and Morgan Stanley Bitcoin Trust (MSBT). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ISBG	MSBT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.96	-1.58	+0.62

Drawdowns

ISBG vs. MSBT - Drawdown Comparison

The maximum ISBG drawdown since its inception was -42.92%, which is greater than MSBT's maximum drawdown of -22.46%. Use the drawdown chart below to compare losses from any high point for ISBG and MSBT.

Drawdown Indicators

	ISBG	MSBT	Difference
Max Drawdown Largest peak-to-trough decline	-42.92%	-22.46%	-20.46%
Current Drawdown Current decline from peak	-42.92%	-22.46%	-20.46%
Average Drawdown Average peak-to-trough decline	-23.49%	-4.38%	-19.11%

Volatility

Volatility by Period

	ISBG	MSBT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	75.17%	33.13%	+42.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.17%	33.13%	+42.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.17%	33.13%	+42.04%

ISBG vs. MSBT - Expense Ratio Comparison

ISBG has a 1.14% expense ratio, which is higher than MSBT's 0.14% expense ratio.

Dividends

ISBG vs. MSBT - Dividend Comparison

ISBG's dividend yield for the trailing twelve months is around 9.65%, while MSBT has not paid dividends to shareholders.

Position	TTM
ISBG IncomeSTKd 1x Bitcoin & 1x Gold Premium ETF	9.65%
MSBT Morgan Stanley Bitcoin Trust	0.00%

Frequently Asked Questions

Can I hold both ISBG and MSBT in my portfolio?

With a correlation of 0.91, ISBG and MSBT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, ISBG or MSBT?

On fees, MSBT is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ISBG or MSBT?

MSBT is cheaper with a 0.14% expense ratio, compared with 1.14% for ISBG.

Which ETF pays a higher dividend yield, ISBG or MSBT?

ISBG has the higher dividend yield at 9.65%, compared with 0.00% for MSBT.

What is the main difference between ISBG and MSBT?

They also come from different issuers: Quantify Funds and Morgan Stanley. Their fees differ too: 1.14% for ISBG and 0.14% for MSBT.