ISHG vs. IBIT
ISHG (iShares 1-3 Year International Treasury Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - ISHG is a International Government Bonds fund tracking the S&P/Citigroup International Treasury Bond Index Ex-US 1-3 Year, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, ISHG returned -0.16% vs -39.82% for IBIT. At a 0.20 correlation, their price movements are largely independent. ISHG charges 0.35%/yr vs 0.25%/yr for IBIT.
Performance
ISHG vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, ISHG achieves a -1.71% return, which is significantly higher than IBIT's -28.88% return.
ISHG
- 1D
- -0.34%
- 1M
- -1.79%
- YTD
- -1.71%
- 6M
- -1.87%
- 1Y
- -0.16%
- 3Y*
- 3.51%
- 5Y*
- -1.12%
- 10Y*
- -0.31%
IBIT
- 1D
- -3.26%
- 1M
- -17.81%
- YTD
- -28.88%
- 6M
- -28.88%
- 1Y
- -39.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ISHG vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ISHG iShares 1-3 Year International Treasury Bond ETF | -1.71% | 13.31% | -2.77% |
IBIT iShares Bitcoin Trust ETF | -28.88% | -6.41% | 89.87% |
Correlation
The correlation between ISHG and IBIT is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.20 |
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Return for Risk
ISHG vs. IBIT — Risk / Return Rank
ISHG
IBIT
ISHG vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-3 Year International Treasury Bond ETF (ISHG) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ISHG | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.86 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | -0.77 | +0.74 |
| Martin ratioReturn relative to average drawdown | -0.07 | -1.30 | +1.23 |
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Drawdowns
ISHG vs. IBIT - Drawdown Comparison
The maximum ISHG drawdown since its inception was -37.24%, smaller than the maximum IBIT drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for ISHG and IBIT.
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Drawdown Indicators
| ISHG | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.24% | -52.11% | +14.87% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -52.11% | +47.09% |
Max Drawdown (3Y)Largest decline over 3 years | -8.21% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.45% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.56% | — | — |
Current DrawdownCurrent decline from peak | -23.56% | -50.47% | +26.91% |
Average DrawdownAverage peak-to-trough decline | -18.44% | -16.85% | -1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 30.58% | -28.45% |
Volatility
ISHG vs. IBIT - Volatility Comparison
The current volatility for iShares 1-3 Year International Treasury Bond ETF (ISHG) is 1.78%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.18%. This indicates that ISHG 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
| ISHG | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 13.18% | -11.40% |
Volatility (6M)Calculated over the trailing 6-month period | 4.90% | 34.64% | -29.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.55% | 44.31% | -37.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.59% | 50.22% | -42.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.93% | 50.22% | -43.29% |
ISHG vs. IBIT - Expense Ratio Comparison
ISHG has a 0.35% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
ISHG vs. IBIT - Dividend Comparison
ISHG's dividend yield for the trailing twelve months is around 1.48%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ISHG iShares 1-3 Year International Treasury Bond ETF | 1.48% | 1.45% | 2.56% | 0.18% | 0.00% | 1.29% | 0.00% | 0.00% | 1.80% | 0.46% | 0.00% | 0.09% |
Frequently Asked Questions
ISHG and IBIT have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (13.18%) compared to ISHG (1.78%). In terms of maximum drawdown, ISHG dropped -37.24% vs IBIT's -52.11%.
On 1-year performance, ISHG leads with -0.16% vs -39.82% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, ISHG has been the lower-risk option at 1.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ISHG has performed better with a -0.16% return vs -39.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.35% for ISHG.
ISHG has the higher dividend yield at 1.48%, compared with 0.00% for IBIT.
ISHG is categorized as International Government Bonds, while IBIT is Cryptocurrency. ISHG tracks S&P/Citigroup International Treasury Bond Index Ex-US 1-3 Year, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.35% for ISHG and 0.25% for IBIT.
ISHG currently has the higher Sharpe Ratio (-0.02 vs -0.90), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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