ISRG vs. IBIT
ISRG (Intuitive Surgical, Inc.) is a stock, while IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, ISRG returned -19.87% vs -40.63% for IBIT. At a 0.23 correlation, their price movements are largely independent.
Performance
ISRG vs. IBIT - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ISRG having a -27.42% return and IBIT slightly higher at -27.41%.
ISRG
- 1D
- -0.45%
- 1M
- -4.91%
- YTD
- -27.42%
- 6M
- -24.20%
- 1Y
- -19.87%
- 3Y*
- 9.23%
- 5Y*
- 7.37%
- 10Y*
- 19.09%
IBIT
- 1D
- -0.03%
- 1M
- -20.12%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ISRG vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ISRG Intuitive Surgical, Inc. | -27.42% | 8.51% | 43.22% |
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
Correlation
The correlation between ISRG and IBIT is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.23 |
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Return for Risk
ISRG vs. IBIT — Risk / Return Rank
ISRG
IBIT
ISRG vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Intuitive Surgical, Inc. (ISRG) 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.
| ISRG | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.85 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | -0.78 | +0.16 |
| Martin ratioReturn relative to average drawdown | -1.24 | -1.37 | +0.13 |
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Drawdowns
ISRG vs. IBIT - Drawdown Comparison
The maximum ISRG drawdown since its inception was -82.26%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for ISRG and IBIT.
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Drawdown Indicators
| ISRG | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.26% | -52.11% | -30.15% |
Max Drawdown (1Y)Largest decline over 1 year | -32.14% | -52.11% | +19.97% |
Max Drawdown (3Y)Largest decline over 3 years | -34.10% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -49.90% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -49.90% | — | — |
Current DrawdownCurrent decline from peak | -32.66% | -49.45% | +16.79% |
Average DrawdownAverage peak-to-trough decline | -21.28% | -16.53% | -4.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.00% | 29.64% | -13.64% |
Volatility
ISRG vs. IBIT - Volatility Comparison
The current volatility for Intuitive Surgical, Inc. (ISRG) is 9.70%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 12.07%. This indicates that ISRG 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
| ISRG | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.70% | 12.07% | -2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 20.72% | 34.45% | -13.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.69% | 44.10% | -13.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.19% | 50.26% | -17.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.40% | 50.26% | -17.86% |
Dividends
ISRG vs. IBIT - Dividend Comparison
Neither ISRG nor IBIT has paid dividends to shareholders.
Frequently Asked Questions
ISRG and IBIT have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (12.07%) compared to ISRG (9.70%). In terms of maximum drawdown, ISRG dropped -82.26% vs IBIT's -52.11%.
ISRG currently has the higher Sharpe Ratio (-0.65 vs -0.92), 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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