IWR vs. IBIT
IWR (iShares Russell Midcap ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IWR is a Mid Cap Growth Equities fund tracking the Russell Midcap 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, IWR returned 22.54% vs -39.60% for IBIT. At a 0.41 correlation, their price movements are largely independent. IWR charges 0.19%/yr vs 0.25%/yr for IBIT.
Performance
IWR vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IWR achieves a 13.02% return, which is significantly higher than IBIT's -27.45% return.
IWR
- 1D
- 0.52%
- 1M
- 3.28%
- YTD
- 13.02%
- 6M
- 12.45%
- 1Y
- 22.54%
- 3Y*
- 17.59%
- 5Y*
- 8.11%
- 10Y*
- 11.55%
IBIT
- 1D
- -2.65%
- 1M
- -22.17%
- YTD
- -27.45%
- 6M
- -31.40%
- 1Y
- -39.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWR vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IWR iShares Russell Midcap ETF | 13.02% | 10.37% | 16.82% |
IBIT iShares Bitcoin Trust ETF | -27.45% | -6.41% | 99.21% |
Correlation
The correlation between IWR and IBIT is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.41 |
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Return for Risk
IWR vs. IBIT — Risk / Return Rank
IWR
IBIT
IWR vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Midcap ETF (IWR) 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.
| IWR | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.60 | ||
| Sortino ratioReturn per unit of downside risk | +3.70 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.86 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | -0.80 | +3.58 |
| Martin ratioReturn relative to average drawdown | 10.70 | -1.39 | +12.08 |
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
| IWR | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | -0.91 | +2.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.27 | +0.23 |
Drawdowns
IWR vs. IBIT - Drawdown Comparison
The maximum IWR drawdown since its inception was -58.78%, which is greater than IBIT's maximum drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for IWR and IBIT.
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Drawdown Indicators
| IWR | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.78% | -49.47% | -9.31% |
Max Drawdown (1Y)Largest decline over 1 year | -8.17% | -49.47% | +41.30% |
Max Drawdown (3Y)Largest decline over 3 years | -21.09% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.59% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -49.47% | +49.47% |
Average DrawdownAverage peak-to-trough decline | -7.80% | -16.07% | +8.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 28.61% | -26.50% |
Volatility
IWR vs. IBIT - Volatility Comparison
The current volatility for iShares Russell Midcap ETF (IWR) is 3.16%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.14%. This indicates that IWR 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
| IWR | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 9.14% | -5.98% |
Volatility (6M)Calculated over the trailing 6-month period | 9.84% | 33.89% | -24.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.36% | 43.76% | -30.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.22% | 50.18% | -31.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.36% | 50.18% | -30.82% |
IWR vs. IBIT - Expense Ratio Comparison
IWR 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
IWR vs. IBIT - Dividend Comparison
IWR's dividend yield for the trailing twelve months is around 1.14%, 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% |
IWR iShares Russell Midcap ETF | 1.14% | 1.29% | 1.27% | 1.43% | 1.59% | 1.04% | 1.28% | 1.43% | 1.98% | 1.52% | 1.72% | 1.59% |
Frequently Asked Questions
IWR and IBIT have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.14%) compared to IWR (3.16%). In terms of maximum drawdown, IWR dropped -58.78% vs IBIT's -49.47%.
On 1-year performance, IWR leads with 22.54% vs -39.60% for IBIT. On fees, IWR is cheaper at 0.19% per year. On volatility, IWR has been the lower-risk option at 3.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IWR has performed better with a 22.54% return vs -39.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWR is cheaper with a 0.19% expense ratio, compared with 0.25% for IBIT.
IWR has the higher dividend yield at 1.14%, compared with 0.00% for IBIT.
IWR is categorized as Mid Cap Growth Equities, while IBIT is Cryptocurrency. IWR tracks Russell Midcap Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.19% for IWR and 0.25% for IBIT.
IWR currently has the higher Sharpe Ratio (1.69 vs -0.91), 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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