ISMF vs. IBIT
ISMF (iShares Managed Futures Active ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - ISMF is a Systematic Trend fund actively managed by iShares, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. ISMF is actively managed, while IBIT is passively managed. Over the past year, ISMF returned 20.58% vs -47.60% for IBIT. At a 0.21 correlation, their price movements are largely independent. ISMF charges 0.80%/yr vs 0.25%/yr for IBIT.
Performance
ISMF vs. IBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ISMF achieves a 6.60% return, which is significantly higher than IBIT's -29.06% return.
ISMF
- 1D
- -0.19%
- 1M
- -0.30%
- 6M
- 2.17%
- YTD
- 6.60%
- 1Y
- 20.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -2.79%
- 1M
- -2.28%
- 6M
- -32.10%
- YTD
- -29.06%
- 1Y
- -47.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ISMF vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ISMF iShares Managed Futures Active ETF | 6.60% | 11.53% |
IBIT iShares Bitcoin Trust ETF | -29.06% | 5.30% |
Correlation
The correlation between ISMF and IBIT is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | 0.21 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ISMF vs. IBIT — Risk / Return Rank
ISMF
IBIT
ISMF vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Managed Futures Active ETF (ISMF) 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.
| ISMF | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.67 | ||
| Sortino ratioReturn per unit of downside risk | +5.17 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 0.82 | +0.72 |
| Calmar ratioReturn relative to maximum drawdown | 5.25 | -0.90 | +6.14 |
| Martin ratioReturn relative to average drawdown | 16.54 | -1.46 | +17.99 |
Loading charts...
Drawdowns
ISMF vs. IBIT - Drawdown Comparison
The maximum ISMF drawdown since its inception was -4.23%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for ISMF and IBIT.
Loading charts...
Drawdown Indicators
| ISMF | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.23% | -53.30% | +49.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.94% | -53.30% | +49.36% |
Current DrawdownCurrent decline from peak | -1.63% | -50.60% | +48.97% |
Average DrawdownAverage peak-to-trough decline | -1.30% | -17.56% | +16.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 32.72% | -31.47% |
Volatility
ISMF vs. IBIT - Volatility Comparison
The current volatility for iShares Managed Futures Active ETF (ISMF) is 1.60%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 11.51%. This indicates that ISMF 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.
Loading charts...
Volatility by Period
| ISMF | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 11.51% | -9.91% |
Volatility (6M)Calculated over the trailing 6-month period | 6.10% | 34.79% | -28.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.99% | 44.38% | -36.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.67% | 49.97% | -42.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.67% | 49.97% | -42.30% |
ISMF vs. IBIT - Expense Ratio Comparison
ISMF has a 0.80% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
ISMF vs. IBIT - Dividend Comparison
ISMF's dividend yield for the trailing twelve months is around 5.85%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% |
ISMF iShares Managed Futures Active ETF | 5.85% | 6.23% |
Frequently Asked Questions
ISMF and IBIT have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (11.51%) compared to ISMF (1.60%). In terms of maximum drawdown, ISMF dropped -4.23% vs IBIT's -53.30%.
On 1-year performance, ISMF leads with 20.58% vs -47.60% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, ISMF has been the lower-risk option at 1.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ISMF has performed better with a 20.58% return vs -47.60%. 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 0.80% for ISMF.
ISMF has the higher dividend yield at 5.85%, compared with 0.00% for IBIT.
ISMF is categorized as Systematic Trend, while IBIT is Cryptocurrency. Their fees differ too: 0.80% for ISMF and 0.25% for IBIT.
ISMF currently has the higher Sharpe Ratio (2.59 vs -1.08), 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.
Find the right allocation for ISMF and IBIT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer