IVV vs. IBIT
IVV (iShares Core S&P 500 ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IVV is a S&P 500 fund tracking the S&P 500 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, IVV returned 28.00% vs -38.74% for IBIT. At a 0.40 correlation, their price movements are largely independent. IVV charges 0.03%/yr vs 0.25%/yr for IBIT.
Performance
IVV vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IVV achieves a 10.85% return, which is significantly higher than IBIT's -25.48% return.
IVV
- 1D
- -0.76%
- 1M
- 4.97%
- YTD
- 10.85%
- 6M
- 10.87%
- 1Y
- 28.00%
- 3Y*
- 22.43%
- 5Y*
- 13.88%
- 10Y*
- 15.54%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVV vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IVV iShares Core S&P 500 ETF | 10.85% | 17.85% | 24.69% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between IVV and IBIT is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.40 |
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Return for Risk
IVV vs. IBIT — Risk / Return Rank
IVV
IBIT
IVV vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 ETF (IVV) 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.
| IVV | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.28 | ||
| Sortino ratioReturn per unit of downside risk | +4.48 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 0.86 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | -0.79 | +3.95 |
| Martin ratioReturn relative to average drawdown | 14.71 | -1.36 | +16.07 |
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
| IVV | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | -0.89 | +3.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.30 | +0.16 |
Drawdowns
IVV vs. IBIT - Drawdown Comparison
The maximum IVV drawdown since its inception was -55.25%, which is greater than IBIT's maximum drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for IVV and IBIT.
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Drawdown Indicators
| IVV | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.25% | -49.36% | -5.89% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -49.36% | +40.47% |
Max Drawdown (3Y)Largest decline over 3 years | -18.75% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.90% | — | — |
Current DrawdownCurrent decline from peak | -0.76% | -48.10% | +47.34% |
Average DrawdownAverage peak-to-trough decline | -10.78% | -16.02% | +5.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 28.44% | -26.53% |
Volatility
IVV vs. IBIT - Volatility Comparison
The current volatility for iShares Core S&P 500 ETF (IVV) is 2.87%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that IVV 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
| IVV | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 9.50% | -6.63% |
Volatility (6M)Calculated over the trailing 6-month period | 8.90% | 34.44% | -25.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.80% | 43.73% | -31.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.88% | 50.19% | -33.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.05% | 50.19% | -32.14% |
IVV vs. IBIT - Expense Ratio Comparison
IVV has a 0.03% 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
IVV vs. IBIT - Dividend Comparison
IVV's dividend yield for the trailing twelve months is around 1.06%, 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% |
IVV iShares Core S&P 500 ETF | 1.06% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
IVV and IBIT have a correlation of 0.48, 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 IVV (2.87%). In terms of maximum drawdown, IVV dropped -55.25% vs IBIT's -49.36%.
On 1-year performance, IVV leads with 28.00% vs -38.74% for IBIT. On fees, IVV is cheaper at 0.03% per year. On volatility, IVV has been the lower-risk option at 2.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IVV has performed better with a 28.00% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVV is cheaper with a 0.03% expense ratio, compared with 0.25% for IBIT.
IVV has the higher dividend yield at 1.06%, compared with 0.00% for IBIT.
IVV is categorized as S&P 500, while IBIT is Cryptocurrency. IVV tracks S&P 500 Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.03% for IVV and 0.25% for IBIT.
IVV currently has the higher Sharpe Ratio (2.39 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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