IVVM vs. IBIT

Last updated Aug 2, 2026

IVVM (iShares Large Cap Moderate Buffer ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IVVM is a Options Trading fund actively managed by iShares, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. IVVM is actively managed, while IBIT is passively managed. Over the past year, IVVM returned 14.40% vs -44.50% for IBIT. Their 0.39 correlation means their historical movements had little consistent relationship. IVVM charges 0.50%/yr vs 0.25%/yr for IBIT.

Performance

IVVM vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Large Cap Moderate Buffer ETF (IVVM) and iShares Bitcoin Trust ETF (IBIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVVM achieves a 6.70% return, which is significantly higher than IBIT's -28.22% return.

IVVM

• 1D: 0.57%
• 1M: 0.51%
• 6M: 5.79%
• YTD: 6.70%
• 1Y: 14.40%
• 3Y*: 13.47%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.75%

IBIT

• 1D: -2.89%
• 1M: 2.21%
• 6M: -24.95%
• YTD: -28.22%
• 1Y: -44.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.01%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IBIT iShares Bitcoin Trust ETF	$1.30B	$1.34B	$1.68B
IVVM iShares Large Cap Moderate Buffer ETF	$740.71K	$781.13K	$703.06K

IVVM vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IVVM iShares Large Cap Moderate Buffer ETF	6.70%	14.24%	15.75%
IBIT iShares Bitcoin Trust ETF	-28.22%	-6.41%	89.87%

Correlation

The correlation between IVVM and IBIT is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.47
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.39

Return for Risk

IVVM vs. IBIT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IVVM

IVVM Risk / Return Rank: 79
IVVM Sharpe Ratio Rank: 78
IVVM Sortino Ratio Rank: 79
IVVM Omega Ratio Rank: 82
IVVM Calmar Ratio Rank: 71
IVVM Martin Ratio Rank: 85

IBIT

IBIT Risk / Return Rank: 1
IBIT Sharpe Ratio Rank: 1
IBIT Sortino Ratio Rank: 1
IBIT Omega Ratio Rank: 2
IBIT Calmar Ratio Rank: 2
IBIT Martin Ratio Rank: 1

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IVVM vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap Moderate Buffer ETF (IVVM) 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.

	IVVM	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	1.78	-1.04	+2.82
Sortino ratio: Return per unit of downside risk	2.55	-1.57	+4.12
Omega ratio: Gain probability vs. loss probability	1.35	0.83	+0.52
Calmar ratio: Return relative to maximum drawdown	2.49	-0.87	+3.36
Martin ratio: Return relative to average drawdown	12.04	-1.34	+13.38

IVVM vs. IBIT - Sharpe Ratio Comparison

The current IVVM Sharpe Ratio is 1.78, which is higher than the IBIT Sharpe Ratio of -1.04. The chart below compares the historical Sharpe Ratios of IVVM and IBIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IVVM vs. IBIT - Drawdown Comparison

The maximum IVVM drawdown since its inception was -11.62%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for IVVM and IBIT.

Drawdown Indicators

	IVVM	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-11.62%	-53.30%	+41.68%
Max Drawdown (1Y) Largest decline over 1 year	-5.31%	-53.30%	+47.99%
Max Drawdown (3Y) Largest decline over 3 years	-11.62%	—	—
Current Drawdown Current decline from peak	-0.40%	-50.01%	+49.61%
Average Drawdown Average peak-to-trough decline	-0.90%	-18.24%	+17.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.10%	34.66%	-33.56%

Volatility

IVVM vs. IBIT - Volatility Comparison

The current volatility for iShares Large Cap Moderate Buffer ETF (IVVM) is 2.14%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.21%. This indicates that IVVM 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.

Volatility by Period

	IVVM	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.14%	9.21%	-7.07%
Volatility (6M) Calculated over the trailing 6-month period	5.77%	33.74%	-27.97%
Volatility (1Y) Calculated over the trailing 1-year period	7.42%	44.46%	-37.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.50%	49.60%	-40.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.50%	49.60%	-40.10%

IVVM vs. IBIT - Expense Ratio Comparison

IVVM has a 0.50% expense ratio, which is higher than IBIT's 0.25% expense ratio.

Dividends

IVVM vs. IBIT - Dividend Comparison

IVVM's dividend yield for the trailing twelve months is around 0.64%, while IBIT has not paid dividends to shareholders.

Position	TTM	2025	2024
IBIT iShares Bitcoin Trust ETF	0.00%	0.00%	0.00%
IVVM iShares Large Cap Moderate Buffer ETF	0.64%	0.68%	0.62%

Frequently Asked Questions

Can I hold both IVVM and IBIT in my portfolio?

IVVM and IBIT have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVVM or IBIT?

IBIT has higher volatility (9.21%) compared to IVVM (2.14%). In terms of maximum drawdown, IVVM dropped -11.62% vs IBIT's -53.30%.

Which ETF is better, IVVM or IBIT?

On 1-year performance, IVVM leads with 14.40% vs -44.50% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IVVM has been the lower-risk option at 2.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVVM or IBIT?

Over the 1-year period, IVVM has performed better with a 14.40% return vs -44.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVVM or IBIT?

IBIT is cheaper with a 0.25% expense ratio, compared with 0.50% for IVVM.

Which ETF pays a higher dividend yield, IVVM or IBIT?

IVVM has the higher dividend yield at 0.64%, compared with 0.00% for IBIT.

What is the main difference between IVVM and IBIT?

IVVM is categorized as Options Trading, while IBIT is Cryptocurrency. Their fees differ too: 0.50% for IVVM and 0.25% for IBIT.

Which has better risk-adjusted returns?

IVVM currently has the higher Sharpe Ratio (1.78 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.