IWS vs. IBIT
IWS (iShares Russell Mid-Cap Value ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IWS is a Mid Cap Value Equities fund tracking the Russell Midcap 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, IWS returned 26.77% vs -39.82% for IBIT. At a 0.39 correlation, their price movements are largely independent. IWS charges 0.23%/yr vs 0.25%/yr for IBIT.
Performance
IWS vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IWS achieves a 15.78% return, which is significantly higher than IBIT's -28.88% return.
IWS
- 1D
- -1.08%
- 1M
- 2.64%
- YTD
- 15.78%
- 6M
- 14.47%
- 1Y
- 26.77%
- 3Y*
- 17.23%
- 5Y*
- 8.94%
- 10Y*
- 10.56%
IBIT
- 1D
- -3.26%
- 1M
- -17.81%
- YTD
- -28.88%
- 6M
- -28.88%
- 1Y
- -39.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWS vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IWS iShares Russell Mid-Cap Value ETF | 15.78% | 10.82% | 14.10% |
IBIT iShares Bitcoin Trust ETF | -28.88% | -6.41% | 89.87% |
Correlation
The correlation between IWS and IBIT is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.39 |
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Return for Risk
IWS vs. IBIT — Risk / Return Rank
IWS
IBIT
IWS vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Mid-Cap Value ETF (IWS) 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.
| IWS | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.89 | ||
| Sortino ratioReturn per unit of downside risk | +4.08 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.86 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | -0.77 | +4.34 |
| Martin ratioReturn relative to average drawdown | 13.39 | -1.30 | +14.69 |
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Drawdowns
IWS vs. IBIT - Drawdown Comparison
The maximum IWS drawdown since its inception was -62.40%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for IWS and IBIT.
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Drawdown Indicators
| IWS | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.40% | -52.11% | -10.29% |
Max Drawdown (1Y)Largest decline over 1 year | -7.53% | -52.11% | +44.58% |
Max Drawdown (3Y)Largest decline over 3 years | -20.57% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.83% | — | — |
Current DrawdownCurrent decline from peak | -1.24% | -50.47% | +49.23% |
Average DrawdownAverage peak-to-trough decline | -8.00% | -16.85% | +8.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 30.58% | -28.58% |
Volatility
IWS vs. IBIT - Volatility Comparison
The current volatility for iShares Russell Mid-Cap Value ETF (IWS) is 4.37%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.18%. This indicates that IWS 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
| IWS | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.37% | 13.18% | -8.81% |
Volatility (6M)Calculated over the trailing 6-month period | 10.12% | 34.64% | -24.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 44.31% | -30.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.33% | 50.22% | -32.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.35% | 50.22% | -30.87% |
IWS vs. IBIT - Expense Ratio Comparison
IWS has a 0.23% 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
IWS vs. IBIT - Dividend Comparison
IWS's dividend yield for the trailing twelve months is around 1.34%, 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% |
IWS iShares Russell Mid-Cap Value ETF | 1.34% | 1.53% | 1.50% | 1.76% | 1.93% | 1.39% | 1.87% | 1.97% | 2.53% | 1.96% | 2.10% | 2.14% |
Frequently Asked Questions
IWS and IBIT have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (13.18%) compared to IWS (4.37%). In terms of maximum drawdown, IWS dropped -62.40% vs IBIT's -52.11%.
On 1-year performance, IWS leads with 26.77% vs -39.82% for IBIT. On fees, IWS is cheaper at 0.23% per year. On volatility, IWS has been the lower-risk option at 4.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IWS has performed better with a 26.77% return vs -39.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWS is cheaper with a 0.23% expense ratio, compared with 0.25% for IBIT.
IWS has the higher dividend yield at 1.34%, compared with 0.00% for IBIT.
IWS is categorized as Mid Cap Value Equities, while IBIT is Cryptocurrency. IWS tracks Russell Midcap Value Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.23% for IWS and 0.25% for IBIT.
IWS currently has the higher Sharpe Ratio (1.98 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.
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