IWX vs. IBIT
IWX (iShares Russell Top 200 Value ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IWX is a Large Cap Value Equities fund tracking the Russell Top 200 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, IWX returned 28.65% vs -38.74% for IBIT. At a 0.31 correlation, their price movements are largely independent. IWX charges 0.20%/yr vs 0.25%/yr for IBIT.
Performance
IWX vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IWX achieves a 13.79% return, which is significantly higher than IBIT's -25.48% return.
IWX
- 1D
- 0.01%
- 1M
- 4.49%
- YTD
- 13.79%
- 6M
- 14.63%
- 1Y
- 28.65%
- 3Y*
- 18.86%
- 5Y*
- 11.06%
- 10Y*
- 11.66%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWX vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IWX iShares Russell Top 200 Value ETF | 13.79% | 18.23% | 15.15% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between IWX and IBIT is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.31 |
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Return for Risk
IWX vs. IBIT — Risk / Return Rank
IWX
IBIT
IWX vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Top 200 Value ETF (IWX) 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.
| IWX | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.76 | ||
| Sortino ratioReturn per unit of downside risk | +5.29 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 0.86 | +0.66 |
| Calmar ratioReturn relative to maximum drawdown | 4.37 | -0.79 | +5.15 |
| Martin ratioReturn relative to average drawdown | 18.76 | -1.36 | +20.13 |
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
| IWX | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.87 | -0.89 | +3.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.30 | +0.41 |
Drawdowns
IWX vs. IBIT - Drawdown Comparison
The maximum IWX drawdown since its inception was -35.76%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for IWX and IBIT.
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Drawdown Indicators
| IWX | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.76% | -49.36% | +13.60% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -49.36% | +42.77% |
Max Drawdown (3Y)Largest decline over 3 years | -13.37% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.13% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.76% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -48.10% | +48.10% |
Average DrawdownAverage peak-to-trough decline | -3.82% | -16.02% | +12.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 28.44% | -26.91% |
Volatility
IWX vs. IBIT - Volatility Comparison
The current volatility for iShares Russell Top 200 Value ETF (IWX) is 2.83%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that IWX 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
| IWX | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 9.50% | -6.67% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 34.44% | -26.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.02% | 43.73% | -33.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.85% | 50.19% | -36.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.51% | 50.19% | -33.68% |
IWX vs. IBIT - Expense Ratio Comparison
IWX has a 0.20% 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
IWX vs. IBIT - Dividend Comparison
IWX's dividend yield for the trailing twelve months is around 1.48%, 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% |
IWX iShares Russell Top 200 Value ETF | 1.48% | 1.59% | 1.97% | 2.13% | 2.07% | 1.79% | 2.12% | 2.60% | 2.66% | 2.12% | 2.22% | 2.77% |
Frequently Asked Questions
IWX and IBIT have a correlation of 0.36, 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 IWX (2.83%). In terms of maximum drawdown, IWX dropped -35.76% vs IBIT's -49.36%.
On 1-year performance, IWX leads with 28.65% vs -38.74% for IBIT. On fees, IWX is cheaper at 0.20% per year. On volatility, IWX has been the lower-risk option at 2.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IWX has performed better with a 28.65% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWX is cheaper with a 0.20% expense ratio, compared with 0.25% for IBIT.
IWX has the higher dividend yield at 1.48%, compared with 0.00% for IBIT.
IWX is categorized as Large Cap Value Equities, while IBIT is Cryptocurrency. IWX tracks Russell Top 200 Value Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.20% for IWX and 0.25% for IBIT.
IWX currently has the higher Sharpe Ratio (2.87 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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