IWM vs. IBIT
IWM (iShares Russell 2000 ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IWM is a Small Cap Blend Equities fund tracking the Russell 2000 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, IWM returned 38.74% vs -44.19% for IBIT. Their 0.46 correlation means their historical movements had little consistent relationship. IWM charges 0.19%/yr vs 0.25%/yr for IBIT.
Performance
IWM vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IWM achieves a 23.08% return, which is significantly higher than IBIT's -26.71% return.
IWM
- 1D
- 1.85%
- 1M
- 1.39%
- 6M
- 15.29%
- YTD
- 23.08%
- 1Y
- 38.74%
- 3Y*
- 17.20%
- 5Y*
- 7.66%
- 10Y*
- 10.83%
- ALL TIME*
- 8.88%
IBIT
- 1D
- 0.64%
- 1M
- 4.36%
- 6M
- -15.96%
- YTD
- -26.71%
- 1Y
- -44.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.29B | $1.33B | $1.64B | |
| $6.85B | $6.35B | $7.43B |
IWM vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IWM iShares Russell 2000 ETF | 23.08% | 12.66% | 14.60% |
IBIT iShares Bitcoin Trust ETF | -26.71% | -6.41% | 89.87% |
Correlation
The correlation between IWM and IBIT is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.46 |
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Return for Risk
IWM vs. IBIT — Risk / Return Rank
IWM
IBIT
IWM vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 ETF (IWM) 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.
| IWM | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.02 | ||
| Sortino ratioReturn per unit of downside risk | +4.29 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.84 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | -0.83 | +4.36 |
| Martin ratioReturn relative to average drawdown | 12.51 | -1.27 | +13.77 |
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Drawdowns
IWM vs. IBIT - Drawdown Comparison
The maximum IWM drawdown since its inception was -59.05%, which is greater than IBIT's maximum drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for IWM and IBIT.
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Drawdown Indicators
| IWM | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.05% | -53.30% | -5.75% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -53.30% | +42.27% |
Max Drawdown (3Y)Largest decline over 3 years | -27.50% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.13% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -48.95% | +48.95% |
Average DrawdownAverage peak-to-trough decline | -10.71% | -18.34% | +7.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 34.94% | -31.83% |
Volatility
IWM vs. IBIT - Volatility Comparison
The current volatility for iShares Russell 2000 ETF (IWM) is 4.58%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.29%. This indicates that IWM 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
| IWM | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 8.29% | -3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 14.21% | 33.07% | -18.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.40% | 44.40% | -25.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.50% | 49.53% | -27.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.02% | 49.53% | -26.51% |
IWM vs. IBIT - Expense Ratio Comparison
IWM has a 0.19% 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
IWM vs. IBIT - Dividend Comparison
IWM's dividend yield for the trailing twelve months is around 0.88%, 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% |
IWM iShares Russell 2000 ETF | 0.88% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
Frequently Asked Questions
IWM and IBIT have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (8.29%) compared to IWM (4.58%). In terms of maximum drawdown, IWM dropped -59.05% vs IBIT's -53.30%.
On 1-year performance, IWM leads with 38.74% vs -44.19% for IBIT. On fees, IWM is cheaper at 0.19% per year. On volatility, IWM has been the lower-risk option at 4.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IWM has performed better with a 38.74% return vs -44.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWM is cheaper with a 0.19% expense ratio, compared with 0.25% for IBIT.
IWM has the higher dividend yield at 0.88%, compared with 0.00% for IBIT.
IWM is categorized as Small Cap Blend Equities, while IBIT is Cryptocurrency. IWM tracks Russell 2000 Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.19% for IWM and 0.25% for IBIT.
IWM currently has the higher Sharpe Ratio (2.02 vs -1.00), 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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