IXN vs. IBIT
IXN (iShares Global Tech ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IXN is a Technology Equities fund tracking the S&P Global Information Technology Sector 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, IXN returned 59.88% vs -39.82% for IBIT. At a 0.38 correlation, their price movements are largely independent. IXN charges 0.46%/yr vs 0.25%/yr for IBIT.
Performance
IXN vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IXN achieves a 32.88% return, which is significantly higher than IBIT's -28.88% return.
IXN
- 1D
- -5.33%
- 1M
- 3.10%
- YTD
- 32.88%
- 6M
- 32.08%
- 1Y
- 59.88%
- 3Y*
- 32.94%
- 5Y*
- 20.94%
- 10Y*
- 25.29%
IBIT
- 1D
- -3.26%
- 1M
- -17.81%
- YTD
- -28.88%
- 6M
- -28.88%
- 1Y
- -39.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IXN vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IXN iShares Global Tech ETF | 32.88% | 25.25% | 26.49% |
IBIT iShares Bitcoin Trust ETF | -28.88% | -6.41% | 89.87% |
Correlation
The correlation between IXN and IBIT is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.38 |
The correlation between IXN and IBIT shifts across timeframes, from 0.38 (all time) to 0.48 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IXN vs. IBIT — Risk / Return Rank
IXN
IBIT
IXN vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) 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.
| IXN | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.29 | ||
| Sortino ratioReturn per unit of downside risk | +4.18 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.86 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 4.36 | -0.77 | +5.13 |
| Martin ratioReturn relative to average drawdown | 14.06 | -1.30 | +15.36 |
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Drawdowns
IXN vs. IBIT - Drawdown Comparison
The maximum IXN drawdown since its inception was -55.67%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for IXN and IBIT.
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Drawdown Indicators
| IXN | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.67% | -52.11% | -3.56% |
Max Drawdown (1Y)Largest decline over 1 year | -13.80% | -52.11% | +38.31% |
Max Drawdown (3Y)Largest decline over 3 years | -25.55% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -36.30% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.30% | — | — |
Current DrawdownCurrent decline from peak | -6.82% | -50.47% | +43.65% |
Average DrawdownAverage peak-to-trough decline | -11.26% | -16.85% | +5.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 30.58% | -26.31% |
Volatility
IXN vs. IBIT - Volatility Comparison
iShares Global Tech ETF (IXN) has a higher volatility of 14.03% compared to iShares Bitcoin Trust ETF (IBIT) at 13.18%. This indicates that IXN's price experiences larger fluctuations and is considered to be riskier 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
| IXN | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.03% | 13.18% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 21.54% | 34.64% | -13.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.21% | 44.31% | -19.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.45% | 50.22% | -24.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.67% | 50.22% | -25.55% |
IXN vs. IBIT - Expense Ratio Comparison
IXN has a 0.46% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
IXN vs. IBIT - Dividend Comparison
IXN's dividend yield for the trailing twelve months is around 0.79%, 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% |
IXN iShares Global Tech ETF | 0.79% | 1.04% | 0.43% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% |
Frequently Asked Questions
IXN and IBIT have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IXN has higher volatility (14.03%) compared to IBIT (13.18%). In terms of maximum drawdown, IXN dropped -55.67% vs IBIT's -52.11%.
On 1-year performance, IXN leads with 59.88% vs -39.82% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 13.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IXN has performed better with a 59.88% return vs -39.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.46% for IXN.
IXN has the higher dividend yield at 0.79%, compared with 0.00% for IBIT.
IXN is categorized as Technology Equities, while IBIT is Cryptocurrency. IXN tracks S&P Global Information Technology Sector Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.46% for IXN and 0.25% for IBIT.
IXN currently has the higher Sharpe Ratio (2.39 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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