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 14.76% vs -43.08% for IBIT. Their 0.37 correlation means their historical movements had little consistent relationship. 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 4.76% return, which is significantly higher than IBIT's -26.00% return.
IWY
- 1D
- -0.31%
- 1M
- 0.64%
- 6M
- 9.38%
- YTD
- 4.76%
- 1Y
- 14.76%
- 3Y*
- 22.64%
- 5Y*
- 13.56%
- 10Y*
- 18.79%
- ALL TIME*
- 17.00%
IBIT
- 1D
- 0.96%
- 1M
- 1.72%
- 6M
- -11.62%
- YTD
- -26.00%
- 1Y
- -43.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.32B | $1.30B | $1.64B | |
| $105.51M | $107.89M | $113.92M |
IWY vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IWY iShares Russell Top 200 Growth ETF | 4.76% | 18.19% | 33.95% |
IBIT iShares Bitcoin Trust ETF | -26.00% | -6.41% | 89.87% |
Correlation
The correlation between IWY and IBIT is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 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.
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.
| IWY | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.80 | ||
| Sortino ratioReturn per unit of downside risk | +2.66 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.84 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | -0.81 | +1.70 |
| Martin ratioReturn relative to average drawdown | 2.58 | -1.23 | +3.81 |
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Drawdowns
IWY vs. IBIT - Drawdown Comparison
The maximum IWY drawdown since its inception was -32.68%, smaller than the maximum IBIT drawdown of -53.30%. 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% | -53.30% | +20.62% |
Max Drawdown (1Y)Largest decline over 1 year | -16.63% | -53.30% | +36.67% |
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 | -4.06% | -48.46% | +44.40% |
Average DrawdownAverage peak-to-trough decline | -4.76% | -18.39% | +13.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 35.07% | -29.34% |
Volatility
IWY vs. IBIT - Volatility Comparison
The current volatility for iShares Russell Top 200 Growth ETF (IWY) is 7.41%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.34%. 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 | 7.41% | 8.34% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 14.54% | 33.03% | -18.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.89% | 44.38% | -26.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.87% | 49.50% | -27.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.16% | 49.50% | -28.34% |
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 0.35%, 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 | 0.35% | 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 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (8.34%) compared to IWY (7.41%). In terms of maximum drawdown, IWY dropped -32.68% vs IBIT's -53.30%.
On 1-year performance, IWY leads with 14.76% vs -43.08% for IBIT. On fees, IWY is cheaper at 0.20% per year. On volatility, IWY has been the lower-risk option at 7.41%. 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 14.76% return vs -43.08%. 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 0.35%, 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 (0.83 vs -0.97), 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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