IUSB vs. IBIT
IUSB (iShares Core Universal USD Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IUSB is a Intermediate Core-Plus Bond fund tracking the Bloomberg U.S. Universal Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, IUSB returned 2.26% vs -44.50% for IBIT. Their 0.07 correlation means their historical movements had little consistent relationship. IUSB charges 0.06%/yr vs 0.25%/yr for IBIT.
Performance
IUSB vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IUSB achieves a -0.29% return, which is significantly higher than IBIT's -28.22% return.
IUSB
- 1D
- -0.21%
- 1M
- -1.11%
- 6M
- -0.52%
- YTD
- -0.29%
- 1Y
- 2.26%
- 3Y*
- 4.42%
- 5Y*
- -0.01%
- 10Y*
- 1.70%
- ALL TIME*
- 2.13%
IBIT
- 1D
- -2.89%
- 1M
- 2.21%
- 6M
- -24.95%
- YTD
- -28.22%
- 1Y
- -44.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.30B | $1.34B | $1.68B | |
| $142.04M | $149.14M | $266.40M |
IUSB vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IUSB iShares Core Universal USD Bond ETF | -0.29% | 7.38% | 2.98% |
IBIT iShares Bitcoin Trust ETF | -28.22% | -6.41% | 89.87% |
Correlation
The correlation between IUSB and IBIT is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.07 |
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Return for Risk
IUSB vs. IBIT — Risk / Return Rank
IUSB
IBIT
IUSB vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Universal USD Bond ETF (IUSB) 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.
| IUSB | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +2.85 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.83 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | -0.87 | +2.09 |
| Martin ratioReturn relative to average drawdown | 3.12 | -1.34 | +4.45 |
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Drawdowns
IUSB vs. IBIT - Drawdown Comparison
The maximum IUSB drawdown since its inception was -17.90%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for IUSB and IBIT.
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Drawdown Indicators
| IUSB | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.90% | -53.30% | +35.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | -53.30% | +50.77% |
Max Drawdown (3Y)Largest decline over 3 years | -4.81% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -17.90% | — | — |
Current DrawdownCurrent decline from peak | -2.03% | -50.01% | +47.98% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -18.24% | +14.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 34.66% | -33.68% |
Volatility
IUSB vs. IBIT - Volatility Comparison
The current volatility for iShares Core Universal USD Bond ETF (IUSB) is 0.92%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.21%. This indicates that IUSB 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
| IUSB | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 9.21% | -8.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 33.74% | -30.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.55% | 44.46% | -40.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.80% | 49.60% | -43.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 49.60% | -44.56% |
IUSB vs. IBIT - Expense Ratio Comparison
IUSB has a 0.06% 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
IUSB vs. IBIT - Dividend Comparison
IUSB's dividend yield for the trailing twelve months is around 4.28%, 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% |
IUSB iShares Core Universal USD Bond ETF | 3.92% | 4.17% | 4.04% | 3.46% | 2.53% | 1.74% | 2.68% | 3.04% | 2.98% | 2.56% | 2.60% | 1.95% |
Frequently Asked Questions
IUSB and IBIT have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.21%) compared to IUSB (0.92%). In terms of maximum drawdown, IUSB dropped -17.90% vs IBIT's -53.30%.
On 1-year performance, IUSB leads with 2.26% vs -44.50% for IBIT. On fees, IUSB is cheaper at 0.06% per year. On volatility, IUSB has been the lower-risk option at 0.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IUSB has performed better with a 2.26% return vs -44.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IUSB is cheaper with a 0.06% expense ratio, compared with 0.25% for IBIT.
IUSB has the higher dividend yield at 3.92%, compared with 0.00% for IBIT.
IUSB is categorized as Intermediate Core-Plus Bond, while IBIT is Cryptocurrency. IUSB tracks Bloomberg U.S. Universal Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.06% for IUSB and 0.25% for IBIT.
IUSB currently has the higher Sharpe Ratio (0.87 vs -1.04), 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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