IXP vs. IBIT
IXP (iShares Global Comm Services ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IXP is a Large Cap Growth Equities fund tracking the S&P Global 1200 Communication Services 4.5/22.5/45 Capped, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, IXP returned 18.24% vs -38.74% for IBIT. At a 0.33 correlation, their price movements are largely independent. IXP charges 0.43%/yr vs 0.25%/yr for IBIT.
Performance
IXP vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IXP achieves a 0.11% return, which is significantly higher than IBIT's -25.48% return.
IXP
- 1D
- -1.03%
- 1M
- -1.23%
- YTD
- 0.11%
- 6M
- 0.33%
- 1Y
- 18.24%
- 3Y*
- 23.77%
- 5Y*
- 8.96%
- 10Y*
- 9.33%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IXP vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IXP iShares Global Comm Services ETF | 0.11% | 29.27% | 29.55% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between IXP and IBIT is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.33 |
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Return for Risk
IXP vs. IBIT — Risk / Return Rank
IXP
IBIT
IXP vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Comm Services ETF (IXP) 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.
| IXP | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.14 | ||
| Sortino ratioReturn per unit of downside risk | +3.20 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.86 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | -0.79 | +2.28 |
| Martin ratioReturn relative to average drawdown | 5.21 | -1.36 | +6.57 |
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
| IXP | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | -0.89 | +2.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.30 | +0.05 |
Drawdowns
IXP vs. IBIT - Drawdown Comparison
The maximum IXP drawdown since its inception was -50.11%, roughly equal to the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for IXP and IBIT.
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Drawdown Indicators
| IXP | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.11% | -49.36% | -0.75% |
Max Drawdown (1Y)Largest decline over 1 year | -12.26% | -49.36% | +37.10% |
Max Drawdown (3Y)Largest decline over 3 years | -17.54% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -44.30% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.30% | — | — |
Current DrawdownCurrent decline from peak | -4.08% | -48.10% | +44.02% |
Average DrawdownAverage peak-to-trough decline | -11.92% | -16.02% | +4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 28.44% | -24.93% |
Volatility
IXP vs. IBIT - Volatility Comparison
The current volatility for iShares Global Comm Services ETF (IXP) is 3.92%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that IXP 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
| IXP | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 9.50% | -5.58% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 34.44% | -23.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.62% | 43.73% | -29.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.00% | 50.19% | -31.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.52% | 50.19% | -31.67% |
IXP vs. IBIT - Expense Ratio Comparison
IXP has a 0.43% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
IXP vs. IBIT - Dividend Comparison
IXP's dividend yield for the trailing twelve months is around 2.98%, 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% |
IXP iShares Global Comm Services ETF | 2.98% | 2.98% | 1.35% | 1.24% | 0.62% | 1.80% | 0.95% | 2.18% | 4.32% | 3.41% | 4.02% | 3.89% |
Frequently Asked Questions
IXP and IBIT have a correlation of 0.33, 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 IXP (3.92%). In terms of maximum drawdown, IXP dropped -50.11% vs IBIT's -49.36%.
On 1-year performance, IXP leads with 18.24% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IXP has been the lower-risk option at 3.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IXP has performed better with a 18.24% return vs -38.74%. 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 0.43% for IXP.
IXP has the higher dividend yield at 2.98%, compared with 0.00% for IBIT.
IXP is categorized as Large Cap Growth Equities, while IBIT is Cryptocurrency. IXP tracks S&P Global 1200 Communication Services 4.5/22.5/45 Capped, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.43% for IXP and 0.25% for IBIT.
IXP currently has the higher Sharpe Ratio (1.25 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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