IWY vs. IBIT
IWY (iShares Russell Top 200 Growth ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IWY is a Large Cap Growth Equities fund tracking the Russell Top 200 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, IWY returned 26.62% vs -39.60% for IBIT. At a 0.37 correlation, their price movements are largely independent. IWY charges 0.20%/yr vs 0.25%/yr for IBIT.
Performance
IWY vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IWY achieves a 7.56% return, which is significantly higher than IBIT's -27.45% return.
IWY
- 1D
- 0.34%
- 1M
- 5.74%
- YTD
- 7.56%
- 6M
- 6.81%
- 1Y
- 26.62%
- 3Y*
- 25.64%
- 5Y*
- 16.52%
- 10Y*
- 19.57%
IBIT
- 1D
- -2.65%
- 1M
- -22.17%
- YTD
- -27.45%
- 6M
- -31.40%
- 1Y
- -39.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWY vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IWY iShares Russell Top 200 Growth ETF | 7.56% | 18.19% | 33.61% |
IBIT iShares Bitcoin Trust ETF | -27.45% | -6.41% | 99.21% |
Correlation
The correlation between IWY and IBIT is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.37 |
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Return for Risk
IWY vs. IBIT — Risk / Return Rank
IWY
IBIT
IWY vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Top 200 Growth ETF (IWY) 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.
| IWY | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.63 | ||
| Sortino ratioReturn per unit of downside risk | +3.62 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.86 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | -0.80 | +2.41 |
| Martin ratioReturn relative to average drawdown | 5.24 | -1.39 | +6.63 |
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
| IWY | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | -0.91 | +2.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.27 | +0.65 |
Drawdowns
IWY vs. IBIT - Drawdown Comparison
The maximum IWY drawdown since its inception was -32.68%, smaller than the maximum IBIT drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for IWY and IBIT.
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Drawdown Indicators
| IWY | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.68% | -49.47% | +16.79% |
Max Drawdown (1Y)Largest decline over 1 year | -16.63% | -49.47% | +32.84% |
Max Drawdown (3Y)Largest decline over 3 years | -23.22% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.68% | — | — |
Current DrawdownCurrent decline from peak | -1.49% | -49.47% | +47.98% |
Average DrawdownAverage peak-to-trough decline | -4.75% | -16.07% | +11.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.09% | 28.61% | -23.52% |
Volatility
IWY vs. IBIT - Volatility Comparison
The current volatility for iShares Russell Top 200 Growth ETF (IWY) is 3.69%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.14%. This indicates that IWY 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
| IWY | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 9.14% | -5.45% |
Volatility (6M)Calculated over the trailing 6-month period | 11.65% | 33.89% | -22.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.53% | 43.76% | -28.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.47% | 50.18% | -28.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.97% | 50.18% | -29.21% |
IWY vs. IBIT - Expense Ratio Comparison
IWY 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
IWY vs. IBIT - Dividend Comparison
IWY's dividend yield for the trailing twelve months is around 0.33%, 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% |
IWY iShares Russell Top 200 Growth ETF | 0.33% | 0.36% | 0.42% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% |
Frequently Asked Questions
IWY and IBIT have a correlation of 0.46, 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 IWY (3.69%). In terms of maximum drawdown, IWY dropped -32.68% vs IBIT's -49.47%.
On 1-year performance, IWY leads with 26.62% vs -39.60% for IBIT. On fees, IWY is cheaper at 0.20% per year. On volatility, IWY has been the lower-risk option at 3.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IWY has performed better with a 26.62% return vs -39.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWY is cheaper with a 0.20% expense ratio, compared with 0.25% for IBIT.
IWY has the higher dividend yield at 0.33%, compared with 0.00% for IBIT.
IWY is categorized as Large Cap Growth Equities, while IBIT is Cryptocurrency. IWY tracks Russell Top 200 Growth Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.20% for IWY and 0.25% for IBIT.
IWY currently has the higher Sharpe Ratio (1.72 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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