IYE vs. IBIT
IYE (iShares U.S. Energy ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IYE is a Energy Equities fund tracking the Dow Jones U.S. Oil & Gas 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, IYE returned 44.08% vs -38.74% for IBIT. At a 0.11 correlation, their price movements are largely independent. IYE charges 0.42%/yr vs 0.25%/yr for IBIT.
Performance
IYE vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IYE achieves a 31.90% return, which is significantly higher than IBIT's -25.48% return.
IYE
- 1D
- 1.33%
- 1M
- -1.02%
- YTD
- 31.90%
- 6M
- 29.37%
- 1Y
- 44.08%
- 3Y*
- 17.12%
- 5Y*
- 19.52%
- 10Y*
- 9.00%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYE vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IYE iShares U.S. Energy ETF | 31.90% | 7.33% | 9.12% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between IYE and IBIT is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.11 |
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Return for Risk
IYE vs. IBIT — Risk / Return Rank
IYE
IBIT
IYE vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Energy ETF (IYE) 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.
| IYE | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.11 | ||
| Sortino ratioReturn per unit of downside risk | +4.08 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.86 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | -0.79 | +4.50 |
| Martin ratioReturn relative to average drawdown | 10.99 | -1.36 | +12.36 |
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
| IYE | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | -0.89 | +3.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.30 | -0.04 |
Drawdowns
IYE vs. IBIT - Drawdown Comparison
The maximum IYE drawdown since its inception was -73.74%, which is greater than IBIT's maximum drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for IYE and IBIT.
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Drawdown Indicators
| IYE | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.74% | -49.36% | -24.38% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -49.36% | +37.44% |
Max Drawdown (3Y)Largest decline over 3 years | -20.37% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -68.59% | — | — |
Current DrawdownCurrent decline from peak | -5.77% | -48.10% | +42.33% |
Average DrawdownAverage peak-to-trough decline | -19.36% | -16.02% | -3.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 28.44% | -24.42% |
Volatility
IYE vs. IBIT - Volatility Comparison
The current volatility for iShares U.S. Energy ETF (IYE) is 7.92%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that IYE 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
| IYE | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.92% | 9.50% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 16.13% | 34.44% | -18.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.99% | 43.73% | -23.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.71% | 50.19% | -24.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.52% | 50.19% | -20.67% |
IYE vs. IBIT - Expense Ratio Comparison
IYE has a 0.42% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
IYE vs. IBIT - Dividend Comparison
IYE's dividend yield for the trailing twelve months is around 2.13%, 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% |
IYE iShares U.S. Energy ETF | 2.13% | 2.85% | 2.75% | 2.99% | 3.37% | 2.98% | 4.75% | 6.60% | 3.16% | 2.66% | 2.11% | 3.39% |
Frequently Asked Questions
IYE and IBIT have a correlation of 0.04, 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 IYE (7.92%). In terms of maximum drawdown, IYE dropped -73.74% vs IBIT's -49.36%.
On 1-year performance, IYE leads with 44.08% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IYE has been the lower-risk option at 7.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IYE has performed better with a 44.08% 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 0.42% for IYE.
IYE has the higher dividend yield at 2.13%, compared with 0.00% for IBIT.
IYE is categorized as Energy Equities, while IBIT is Cryptocurrency. IYE tracks Dow Jones U.S. Oil & Gas Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.42% for IYE and 0.25% for IBIT.
IYE currently has the higher Sharpe Ratio (2.22 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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