IVE vs. IBIT
IVE (iShares S&P 500 Value ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IVE is a Large Cap Value Equities fund tracking the S&P 500 Value 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, IVE returned 21.15% vs -38.74% for IBIT. At a 0.32 correlation, their price movements are largely independent. IVE charges 0.18%/yr vs 0.25%/yr for IBIT.
Performance
IVE vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IVE achieves a 7.46% return, which is significantly higher than IBIT's -25.48% return.
IVE
- 1D
- -0.35%
- 1M
- 2.24%
- YTD
- 7.46%
- 6M
- 7.74%
- 1Y
- 21.15%
- 3Y*
- 15.57%
- 5Y*
- 10.54%
- 10Y*
- 11.76%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVE vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IVE iShares S&P 500 Value ETF | 7.46% | 13.02% | 12.36% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between IVE and IBIT is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.32 |
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Return for Risk
IVE vs. IBIT — Risk / Return Rank
IVE
IBIT
IVE vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Value ETF (IVE) 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.
| IVE | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.06 | ||
| Sortino ratioReturn per unit of downside risk | +4.26 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.86 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | -0.79 | +4.22 |
| Martin ratioReturn relative to average drawdown | 13.10 | -1.36 | +14.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IVE | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | -0.89 | +3.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.30 | +0.10 |
Drawdowns
IVE vs. IBIT - Drawdown Comparison
The maximum IVE drawdown since its inception was -61.32%, which is greater than IBIT's maximum drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for IVE and IBIT.
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Drawdown Indicators
| IVE | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.32% | -49.36% | -11.96% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -49.36% | +43.17% |
Max Drawdown (3Y)Largest decline over 3 years | -17.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.04% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.04% | — | — |
Current DrawdownCurrent decline from peak | -0.55% | -48.10% | +47.55% |
Average DrawdownAverage peak-to-trough decline | -10.10% | -16.02% | +5.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 28.44% | -26.82% |
Volatility
IVE vs. IBIT - Volatility Comparison
The current volatility for iShares S&P 500 Value ETF (IVE) is 2.00%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that IVE 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
| IVE | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.00% | 9.50% | -7.50% |
Volatility (6M)Calculated over the trailing 6-month period | 7.02% | 34.44% | -27.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.79% | 43.73% | -33.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.40% | 50.19% | -35.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 50.19% | -33.23% |
IVE vs. IBIT - Expense Ratio Comparison
IVE has a 0.18% 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
IVE vs. IBIT - Dividend Comparison
IVE's dividend yield for the trailing twelve months is around 1.52%, 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% |
IVE iShares S&P 500 Value ETF | 1.52% | 1.61% | 2.04% | 1.65% | 2.10% | 1.81% | 2.37% | 2.11% | 2.74% | 2.12% | 2.26% | 2.44% |
Frequently Asked Questions
IVE and IBIT have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.50%) compared to IVE (2.00%). In terms of maximum drawdown, IVE dropped -61.32% vs IBIT's -49.36%.
On 1-year performance, IVE leads with 21.15% vs -38.74% for IBIT. On fees, IVE is cheaper at 0.18% per year. On volatility, IVE has been the lower-risk option at 2.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IVE has performed better with a 21.15% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVE is cheaper with a 0.18% expense ratio, compared with 0.25% for IBIT.
IVE has the higher dividend yield at 1.52%, compared with 0.00% for IBIT.
IVE is categorized as Large Cap Value Equities, while IBIT is Cryptocurrency. IVE tracks S&P 500 Value Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.18% for IVE and 0.25% for IBIT.
IVE currently has the higher Sharpe Ratio (2.17 vs -0.89), 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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