IWO vs. IBIT
IWO (iShares Russell 2000 Growth ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IWO is a Small Cap Growth Equities fund tracking the Russell 2000 Growth 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, IWO returned 33.81% vs -44.19% for IBIT. Their 0.48 correlation means their historical movements had little consistent relationship. IWO charges 0.24%/yr vs 0.25%/yr for IBIT.
Performance
IWO vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IWO achieves a 20.41% return, which is significantly higher than IBIT's -26.71% return.
IWO
- 1D
- 2.68%
- 1M
- 0.41%
- 6M
- 14.89%
- YTD
- 20.41%
- 1Y
- 33.81%
- 3Y*
- 17.15%
- 5Y*
- 5.77%
- 10Y*
- 10.96%
- ALL TIME*
- 7.07%
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 | |
| $179.14M | $160.12M | $166.50M |
IWO vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IWO iShares Russell 2000 Growth ETF | 20.41% | 12.90% | 18.12% |
IBIT iShares Bitcoin Trust ETF | -26.71% | -6.41% | 89.87% |
Correlation
The correlation between IWO and IBIT is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.48 |
The correlation between IWO and IBIT has been stable across timeframes, ranging from 0.48 to 0.52 - a consistent structural relationship.
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Return for Risk
IWO vs. IBIT — Risk / Return Rank
IWO
IBIT
IWO vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 Growth ETF (IWO) 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.
| IWO | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.52 | ||
| Sortino ratioReturn per unit of downside risk | +3.61 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.84 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | -0.83 | +3.12 |
| Martin ratioReturn relative to average drawdown | 7.84 | -1.27 | +9.10 |
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Drawdowns
IWO vs. IBIT - Drawdown Comparison
The maximum IWO drawdown since its inception was -60.11%, which is greater than IBIT's maximum drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for IWO and IBIT.
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Drawdown Indicators
| IWO | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.11% | -53.30% | -6.81% |
Max Drawdown (1Y)Largest decline over 1 year | -14.87% | -53.30% | +38.43% |
Max Drawdown (3Y)Largest decline over 3 years | -28.57% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -40.51% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.02% | — | — |
Current DrawdownCurrent decline from peak | -1.42% | -48.95% | +47.53% |
Average DrawdownAverage peak-to-trough decline | -16.62% | -18.34% | +1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.33% | 34.94% | -30.61% |
Volatility
IWO vs. IBIT - Volatility Comparison
The current volatility for iShares Russell 2000 Growth ETF (IWO) is 6.69%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.29%. This indicates that IWO 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
| IWO | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.69% | 8.29% | -1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 17.25% | 33.07% | -15.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.51% | 44.40% | -21.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.67% | 49.53% | -24.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.20% | 49.53% | -25.33% |
IWO vs. IBIT - Expense Ratio Comparison
IWO has a 0.24% 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
IWO vs. IBIT - Dividend Comparison
IWO's dividend yield for the trailing twelve months is around 0.42%, 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% |
IWO iShares Russell 2000 Growth ETF | 0.42% | 0.56% | 0.80% | 0.73% | 0.73% | 0.32% | 0.44% | 0.71% | 0.76% | 0.73% | 0.97% | 0.89% |
Frequently Asked Questions
IWO 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 (8.29%) compared to IWO (6.69%). In terms of maximum drawdown, IWO dropped -60.11% vs IBIT's -53.30%.
On 1-year performance, IWO leads with 33.81% vs -44.19% for IBIT. On fees, IWO is cheaper at 0.24% per year. On volatility, IWO has been the lower-risk option at 6.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IWO has performed better with a 33.81% return vs -44.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWO is cheaper with a 0.24% expense ratio, compared with 0.25% for IBIT.
IWO has the higher dividend yield at 0.42%, compared with 0.00% for IBIT.
IWO is categorized as Small Cap Growth Equities, while IBIT is Cryptocurrency. IWO tracks Russell 2000 Growth Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.24% for IWO and 0.25% for IBIT.
IWO currently has the higher Sharpe Ratio (1.52 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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