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 37.09% vs -38.74% for IBIT. At a 0.49 correlation, their price movements are largely independent. 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 16.75% return, which is significantly higher than IBIT's -25.48% return.
IWO
- 1D
- -1.41%
- 1M
- 4.28%
- YTD
- 16.75%
- 6M
- 15.06%
- 1Y
- 37.09%
- 3Y*
- 18.01%
- 5Y*
- 5.56%
- 10Y*
- 11.23%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWO vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IWO iShares Russell 2000 Growth ETF | 16.75% | 12.90% | 19.01% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between IWO and IBIT is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.49 |
The correlation between IWO and IBIT has been stable across timeframes, ranging from 0.49 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.
| IWO | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.64 | ||
| Sortino ratioReturn per unit of downside risk | +3.65 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.86 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | -0.79 | +3.29 |
| Martin ratioReturn relative to average drawdown | 8.99 | -1.36 | +10.35 |
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
| IWO | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | -0.89 | +2.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.30 | -0.01 |
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 -49.36%. 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% | -49.36% | -10.75% |
Max Drawdown (1Y)Largest decline over 1 year | -14.87% | -49.36% | +34.49% |
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 | -1.51% | -48.10% | +46.59% |
Average DrawdownAverage peak-to-trough decline | -16.71% | -16.02% | -0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.14% | 28.44% | -24.30% |
Volatility
IWO vs. IBIT - Volatility Comparison
The current volatility for iShares Russell 2000 Growth ETF (IWO) is 6.61%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. 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 | 6.61% | 9.50% | -2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 15.65% | 34.44% | -18.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.34% | 43.73% | -22.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.48% | 50.19% | -25.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.13% | 50.19% | -26.06% |
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 0.40%, 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 | 0.40% | 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 (9.50%) compared to IWO (6.61%). In terms of maximum drawdown, IWO dropped -60.11% vs IBIT's -49.36%.
On 1-year performance, IWO leads with 37.09% vs -38.74% for IBIT. On fees, IWO is cheaper at 0.24% per year. On volatility, IWO has been the lower-risk option at 6.61%. 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 37.09% return vs -38.74%. 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 0.40%, 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 (1.75 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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