IXC vs. IBIT

Last updated Aug 2, 2026

IXC (iShares Global Energy ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IXC is a Energy Equities fund tracking the S&P Global 1200 Energy Capped 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, IXC returned 45.16% vs -44.50% for IBIT. Their 0.11 correlation means their historical movements had little consistent relationship. IXC charges 0.40%/yr vs 0.25%/yr for IBIT.

Performance

IXC vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Energy ETF (IXC) and iShares Bitcoin Trust ETF (IBIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IXC achieves a 34.71% return, which is significantly higher than IBIT's -28.22% return.

IXC

• 1D: 0.63%
• 1M: 13.16%
• 6M: 19.17%
• YTD: 34.71%
• 1Y: 45.16%
• 3Y*: 16.60%
• 5Y*: 22.34%
• 10Y*: 10.52%
• ALL TIME*: 8.52%

IBIT

• 1D: -2.89%
• 1M: 2.21%
• 6M: -24.95%
• YTD: -28.22%
• 1Y: -44.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.01%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IBIT iShares Bitcoin Trust ETF	$1.30B	$1.34B	$1.68B
IXC iShares Global Energy ETF	$40.96M	$62.51M	$57.88M

IXC vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IXC iShares Global Energy ETF	34.71%	13.98%	4.60%
IBIT iShares Bitcoin Trust ETF	-28.22%	-6.41%	89.87%

Correlation

The correlation between IXC and IBIT is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.06
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.11

Return for Risk

IXC vs. IBIT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IXC

IXC Risk / Return Rank: 82
IXC Sharpe Ratio Rank: 90
IXC Sortino Ratio Rank: 86
IXC Omega Ratio Rank: 85
IXC Calmar Ratio Rank: 79
IXC Martin Ratio Rank: 71

IBIT

IBIT Risk / Return Rank: 1
IBIT Sharpe Ratio Rank: 1
IBIT Sortino Ratio Rank: 1
IBIT Omega Ratio Rank: 2
IBIT Calmar Ratio Rank: 2
IBIT Martin Ratio Rank: 1

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IXC vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Energy ETF (IXC) 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.

	IXC	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	2.22	-1.04	+3.26
Sortino ratio: Return per unit of downside risk	2.83	-1.57	+4.40
Omega ratio: Gain probability vs. loss probability	1.36	0.83	+0.54
Calmar ratio: Return relative to maximum drawdown	2.83	-0.87	+3.70
Martin ratio: Return relative to average drawdown	8.78	-1.34	+10.11

IXC vs. IBIT - Sharpe Ratio Comparison

The current IXC Sharpe Ratio is 2.22, which is higher than the IBIT Sharpe Ratio of -1.04. The chart below compares the historical Sharpe Ratios of IXC and IBIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IXC vs. IBIT - Drawdown Comparison

The maximum IXC drawdown since its inception was -67.88%, which is greater than IBIT's maximum drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for IXC and IBIT.

Drawdown Indicators

	IXC	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-67.88%	-53.30%	-14.58%
Max Drawdown (1Y) Largest decline over 1 year	-15.36%	-53.30%	+37.94%
Max Drawdown (3Y) Largest decline over 3 years	-19.06%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.93%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-64.16%	—	—
Current Drawdown Current decline from peak	-3.05%	-50.01%	+46.96%
Average Drawdown Average peak-to-trough decline	-17.42%	-18.24%	+0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.95%	34.66%	-29.71%

Volatility

IXC vs. IBIT - Volatility Comparison

The current volatility for iShares Global Energy ETF (IXC) is 6.07%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.21%. This indicates that IXC 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.

Volatility by Period

	IXC	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.07%	9.21%	-3.14%
Volatility (6M) Calculated over the trailing 6-month period	16.03%	33.74%	-17.71%
Volatility (1Y) Calculated over the trailing 1-year period	19.61%	44.46%	-24.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.37%	49.60%	-26.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.82%	49.60%	-22.78%

IXC vs. IBIT - Expense Ratio Comparison

IXC has a 0.40% expense ratio, which is higher than IBIT's 0.25% expense ratio.

Dividends

IXC vs. IBIT - Dividend Comparison

IXC's dividend yield for the trailing twelve months is around 2.82%, 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%
IXC iShares Global Energy ETF	2.82%	3.68%	4.56%	3.45%	4.76%	3.98%	4.86%	7.00%	3.51%	3.05%	2.86%	3.77%

Frequently Asked Questions

Can I hold both IXC and IBIT in my portfolio?

IXC and IBIT have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IXC or IBIT?

IBIT has higher volatility (9.21%) compared to IXC (6.07%). In terms of maximum drawdown, IXC dropped -67.88% vs IBIT's -53.30%.

Which ETF is better, IXC or IBIT?

On 1-year performance, IXC leads with 45.16% vs -44.50% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IXC has been the lower-risk option at 6.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IXC or IBIT?

Over the 1-year period, IXC has performed better with a 45.16% return vs -44.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IXC or IBIT?

IBIT is cheaper with a 0.25% expense ratio, compared with 0.40% for IXC.

Which ETF pays a higher dividend yield, IXC or IBIT?

IXC has the higher dividend yield at 2.82%, compared with 0.00% for IBIT.

What is the main difference between IXC and IBIT?

IXC is categorized as Energy Equities, while IBIT is Cryptocurrency. IXC tracks S&P Global 1200 Energy Capped Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.40% for IXC and 0.25% for IBIT.

Which has better risk-adjusted returns?

IXC currently has the higher Sharpe Ratio (2.22 vs -1.04), 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.