IWD vs. IBIT

Last updated Jun 24, 2026

IWD (iShares Russell 1000 Value ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IWD is a Large Cap Value Equities fund tracking the Russell 1000 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, IWD returned 28.22% vs -39.82% for IBIT. At a 0.36 correlation, their price movements are largely independent. IWD charges 0.18%/yr vs 0.25%/yr for IBIT.

Performance

IWD vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 1000 Value ETF (IWD) 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, IWD achieves a 15.35% return, which is significantly higher than IBIT's -28.88% return.

IWD

• 1D: -1.06%
• 1M: 2.28%
• YTD: 15.35%
• 6M: 14.66%
• 1Y: 28.22%
• 3Y*: 18.41%
• 5Y*: 10.87%
• 10Y*: 11.61%

IBIT

• 1D: -3.26%
• 1M: -17.81%
• YTD: -28.88%
• 6M: -28.88%
• 1Y: -39.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IWD vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IWD iShares Russell 1000 Value ETF	15.35%	15.68%	14.49%
IBIT iShares Bitcoin Trust ETF	-28.88%	-6.41%	89.87%

Correlation

The correlation between IWD and IBIT is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.36

Return for Risk

IWD vs. IBIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWD

IWD Risk / Return Rank: 83
IWD Sharpe Ratio Rank: 82
IWD Sortino Ratio Rank: 83
IWD Omega Ratio Rank: 80
IWD Calmar Ratio Rank: 82
IWD Martin Ratio Rank: 86

IBIT

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IWD vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Value ETF (IWD) 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.

	IWD	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	2.52	-0.90	+3.42
Sortino ratio: Return per unit of downside risk	3.52	-1.25	+4.78
Omega ratio: Gain probability vs. loss probability	1.45	0.86	+0.59
Calmar ratio: Return relative to maximum drawdown	4.18	-0.77	+4.94
Martin ratio: Return relative to average drawdown	17.32	-1.30	+18.62

IWD vs. IBIT - Sharpe Ratio Comparison

The current IWD Sharpe Ratio is 2.52, which is higher than the IBIT Sharpe Ratio of -0.90. The chart below compares the historical Sharpe Ratios of IWD 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

IWD vs. IBIT - Drawdown Comparison

The maximum IWD drawdown since its inception was -60.10%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for IWD and IBIT.

Drawdown Indicators

	IWD	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-60.10%	-52.11%	-7.99%
Max Drawdown (1Y) Largest decline over 1 year	-6.79%	-52.11%	+45.32%
Max Drawdown (3Y) Largest decline over 3 years	-15.71%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.04%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.51%	—	—
Current Drawdown Current decline from peak	-1.16%	-50.47%	+49.31%
Average Drawdown Average peak-to-trough decline	-8.64%	-16.85%	+8.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	30.58%	-28.95%

Volatility

IWD vs. IBIT - Volatility Comparison

The current volatility for iShares Russell 1000 Value ETF (IWD) is 4.14%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.18%. This indicates that IWD 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

	IWD	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.14%	13.18%	-9.04%
Volatility (6M) Calculated over the trailing 6-month period	8.67%	34.64%	-25.97%
Volatility (1Y) Calculated over the trailing 1-year period	11.27%	44.31%	-33.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.84%	50.22%	-35.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.28%	50.22%	-32.94%

IWD vs. IBIT - Expense Ratio Comparison

IWD 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

IWD vs. IBIT - Dividend Comparison

IWD's dividend yield for the trailing twelve months is around 1.45%, 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%
IWD iShares Russell 1000 Value ETF	1.45%	1.69%	1.87%	2.02%	2.15%	1.62%	2.05%	2.45%	2.71%	2.09%	2.25%	2.47%

Frequently Asked Questions

Can I hold both IWD and IBIT in my portfolio?

IWD and IBIT have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IWD or IBIT?

IBIT has higher volatility (13.18%) compared to IWD (4.14%). In terms of maximum drawdown, IWD dropped -60.10% vs IBIT's -52.11%.

Which ETF is better, IWD or IBIT?

On 1-year performance, IWD leads with 28.22% vs -39.82% for IBIT. On fees, IWD is cheaper at 0.18% per year. On volatility, IWD has been the lower-risk option at 4.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IWD or IBIT?

Over the 1-year period, IWD has performed better with a 28.22% return vs -39.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IWD or IBIT?

IWD is cheaper with a 0.18% expense ratio, compared with 0.25% for IBIT.

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

IWD has the higher dividend yield at 1.45%, compared with 0.00% for IBIT.

What is the main difference between IWD and IBIT?

IWD is categorized as Large Cap Value Equities, while IBIT is Cryptocurrency. IWD tracks Russell 1000 Value Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.18% for IWD and 0.25% for IBIT.

Which has better risk-adjusted returns?

IWD currently has the higher Sharpe Ratio (2.52 vs -0.90), 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.