IYF vs. IBIT

Last updated Aug 4, 2026

IYF (iShares U.S. Financials ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IYF is a Financials Equities fund tracking the Russell 1000 Financials 40 Act 15/22.5 Daily 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, IYF returned 15.13% vs -43.69% for IBIT. Their 0.32 correlation means their historical movements had little consistent relationship. IYF charges 0.38%/yr vs 0.25%/yr for IBIT.

Performance

IYF vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Financials ETF (IYF) 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, IYF achieves a 6.26% return, which is significantly higher than IBIT's -27.17% return.

IYF

• 1D: 0.94%
• 1M: 3.06%
• 6M: 6.56%
• YTD: 6.26%
• 1Y: 15.13%
• 3Y*: 21.91%
• 5Y*: 12.44%
• 10Y*: 13.54%
• ALL TIME*: 6.18%

IBIT

• 1D: 1.46%
• 1M: 3.70%
• 6M: -18.23%
• YTD: -27.17%
• 1Y: -43.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.60%

*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	$1.33B	$1.34B	$1.65B
IYF iShares U.S. Financials ETF	$67.62M	$58.41M	$41.32M

IYF vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IYF iShares U.S. Financials ETF	6.26%	18.25%	31.08%
IBIT iShares Bitcoin Trust ETF	-27.17%	-6.41%	89.87%

Correlation

The correlation between IYF and IBIT is 0.28, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.28
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.32

Return for Risk

IYF vs. IBIT — Risk / Return Rank

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

IYF

IYF Risk / Return Rank: 37
IYF Sharpe Ratio Rank: 41
IYF Sortino Ratio Rank: 39
IYF Omega Ratio Rank: 39
IYF Calmar Ratio Rank: 32
IYF Martin Ratio Rank: 32

IBIT

IBIT Risk / Return Rank: 2
IBIT Sharpe Ratio Rank: 2
IBIT Sortino Ratio Rank: 2
IBIT Omega Ratio Rank: 2
IBIT Calmar Ratio Rank: 2
IBIT Martin Ratio Rank: 3

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.

IYF vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Financials ETF (IYF) 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.

	IYF	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	1.04	-0.99	+2.03
Sortino ratio: Return per unit of downside risk	1.48	-1.44	+2.92
Omega ratio: Gain probability vs. loss probability	1.19	0.84	+0.35
Calmar ratio: Return relative to maximum drawdown	1.10	-0.82	+1.92
Martin ratio: Return relative to average drawdown	2.95	-1.26	+4.21

IYF vs. IBIT - Sharpe Ratio Comparison

The current IYF Sharpe Ratio is 1.04, which is higher than the IBIT Sharpe Ratio of -0.99. The chart below compares the historical Sharpe Ratios of IYF 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

IYF vs. IBIT - Drawdown Comparison

The maximum IYF drawdown since its inception was -79.09%, which is greater than IBIT's maximum drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for IYF and IBIT.

Drawdown Indicators

	IYF	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-79.09%	-53.30%	-25.79%
Max Drawdown (1Y) Largest decline over 1 year	-13.88%	-53.30%	+39.42%
Max Drawdown (3Y) Largest decline over 3 years	-16.60%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.06%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.57%	—	—
Current Drawdown Current decline from peak	-0.58%	-49.28%	+48.70%
Average Drawdown Average peak-to-trough decline	-17.51%	-18.29%	+0.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.14%	34.80%	-29.66%

Volatility

IYF vs. IBIT - Volatility Comparison

The current volatility for iShares U.S. Financials ETF (IYF) is 3.88%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.98%. This indicates that IYF 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

	IYF	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	8.98%	-5.10%
Volatility (6M) Calculated over the trailing 6-month period	11.08%	33.79%	-22.71%
Volatility (1Y) Calculated over the trailing 1-year period	14.59%	44.48%	-29.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.95%	49.57%	-30.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.83%	49.57%	-28.74%

IYF vs. IBIT - Expense Ratio Comparison

IYF has a 0.38% expense ratio, which is higher than IBIT's 0.25% expense ratio.

Dividends

IYF vs. IBIT - Dividend Comparison

IYF's dividend yield for the trailing twelve months is around 1.41%, 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%
IYF iShares U.S. Financials ETF	1.41%	1.32%	1.29%	1.67%	1.86%	1.27%	1.72%	1.64%	1.90%	1.46%	1.67%	1.66%

Frequently Asked Questions

Can I hold both IYF and IBIT in my portfolio?

IYF and IBIT have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IYF or IBIT?

IBIT has higher volatility (8.98%) compared to IYF (3.88%). In terms of maximum drawdown, IYF dropped -79.09% vs IBIT's -53.30%.

Which ETF is better, IYF or IBIT?

On 1-year performance, IYF leads with 15.13% vs -43.69% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IYF has been the lower-risk option at 3.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYF or IBIT?

Over the 1-year period, IYF has performed better with a 15.13% return vs -43.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IYF or IBIT?

IBIT is cheaper with a 0.25% expense ratio, compared with 0.38% for IYF.

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

IYF has the higher dividend yield at 1.41%, compared with 0.00% for IBIT.

What is the main difference between IYF and IBIT?

IYF is categorized as Financials Equities, while IBIT is Cryptocurrency. IYF tracks Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.38% for IYF and 0.25% for IBIT.

Which has better risk-adjusted returns?

IYF currently has the higher Sharpe Ratio (1.04 vs -0.99), 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.