IVRS vs. IBIT
IVRS (iShares Future Metaverse Tech And Communications ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IVRS is a Technology Equities fund tracking the Morningstar Global Metaverse & Virtual Interaction Select Index - Benchmark TR Net, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, IVRS returned -1.11% vs -38.74% for IBIT. At a 0.43 correlation, their price movements are largely independent. IVRS charges 0.47%/yr vs 0.25%/yr for IBIT.
Performance
IVRS vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IVRS achieves a -5.51% return, which is significantly higher than IBIT's -25.48% return.
IVRS
- 1D
- -2.21%
- 1M
- 1.13%
- YTD
- -5.51%
- 6M
- -8.57%
- 1Y
- -1.11%
- 3Y*
- 9.46%
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVRS vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IVRS iShares Future Metaverse Tech And Communications ETF | -5.51% | 12.75% | 9.67% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between IVRS and IBIT is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.43 |
The correlation between IVRS and IBIT has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.
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Return for Risk
IVRS vs. IBIT — Risk / Return Rank
IVRS
IBIT
IVRS vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Future Metaverse Tech And Communications ETF (IVRS) 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.
| IVRS | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.86 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | -0.79 | +0.75 |
| Martin ratioReturn relative to average drawdown | -0.08 | -1.36 | +1.29 |
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
| IVRS | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | -0.89 | +0.84 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.30 | +0.31 |
Drawdowns
IVRS vs. IBIT - Drawdown Comparison
The maximum IVRS drawdown since its inception was -31.43%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for IVRS and IBIT.
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Drawdown Indicators
| IVRS | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.43% | -49.36% | +17.93% |
Max Drawdown (1Y)Largest decline over 1 year | -31.43% | -49.36% | +17.93% |
Max Drawdown (3Y)Largest decline over 3 years | -31.43% | — | — |
Current DrawdownCurrent decline from peak | -18.72% | -48.10% | +29.38% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -16.02% | +10.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.55% | 28.44% | -13.89% |
Volatility
IVRS vs. IBIT - Volatility Comparison
The current volatility for iShares Future Metaverse Tech And Communications ETF (IVRS) is 5.53%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that IVRS 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
| IVRS | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | 9.50% | -3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 18.59% | 34.44% | -15.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.85% | 43.73% | -21.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.49% | 50.19% | -29.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.49% | 50.19% | -29.70% |
IVRS vs. IBIT - Expense Ratio Comparison
IVRS has a 0.47% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
IVRS vs. IBIT - Dividend Comparison
IVRS's dividend yield for the trailing twelve months is around 8.34%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% |
IVRS iShares Future Metaverse Tech And Communications ETF | 8.34% | 7.88% | 6.65% | 0.48% |
Frequently Asked Questions
IVRS and IBIT have a correlation of 0.52, 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 IVRS (5.53%). In terms of maximum drawdown, IVRS dropped -31.43% vs IBIT's -49.36%.
On 1-year performance, IVRS leads with -1.11% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IVRS has been the lower-risk option at 5.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IVRS has performed better with a -1.11% return vs -38.74%. 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 0.47% for IVRS.
IVRS has the higher dividend yield at 8.34%, compared with 0.00% for IBIT.
IVRS is categorized as Technology Equities, while IBIT is Cryptocurrency. IVRS tracks Morningstar Global Metaverse & Virtual Interaction Select Index - Benchmark TR Net, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.47% for IVRS and 0.25% for IBIT.
IVRS currently has the higher Sharpe Ratio (-0.05 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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