IYLD vs. BTC-USD

Last updated Apr 3, 2026

Compare and contrast key facts about iShares Morningstar Multi-Asset Income ETF (IYLD) and Bitcoin (BTC-USD).

IYLD is a passively managed fund by iShares that tracks the performance of the Morningstar Multi-Asset High Income Index. It was launched on Apr 5, 2012.

Performance

IYLD vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar Multi-Asset Income ETF (IYLD) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

IYLD vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IYLD iShares Morningstar Multi-Asset Income ETF	2.35%	15.44%	2.00%	12.55%	-16.80%	3.37%	-1.18%	15.82%	-4.77%	10.90%
BTC-USD Bitcoin	-23.70%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-73.37%	1,324.24%

Returns By Period

In the year-to-date period, IYLD achieves a 2.35% return, which is significantly higher than BTC-USD's -23.70% return. Over the past 10 years, IYLD has underperformed BTC-USD with an annualized return of 4.06%, while BTC-USD has yielded a comparatively higher 66.03% annualized return.

IYLD

• 1D: -0.10%
• 1M: -1.10%
• YTD: 2.35%
• 6M: 5.11%
• 1Y: 13.57%
• 3Y*: 9.89%
• 5Y*: 3.47%
• 10Y*: 4.06%

BTC-USD

• 1D: -1.99%
• 1M: -2.31%
• YTD: -23.70%
• 6M: -44.66%
• 1Y: -19.07%
• 3Y*: 33.89%
• 5Y*: 3.18%
• 10Y*: 66.03%

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

Return for Risk

IYLD vs. BTC-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IYLD

IYLD Risk / Return Rank: 88
IYLD Sharpe Ratio Rank: 89
IYLD Sortino Ratio Rank: 91
IYLD Omega Ratio Rank: 92
IYLD Calmar Ratio Rank: 84
IYLD Martin Ratio Rank: 83

BTC-USD

BTC-USD Risk / Return Rank: 39
BTC-USD Sharpe Ratio Rank: 66
BTC-USD Sortino Ratio Rank: 60
BTC-USD Omega Ratio Rank: 59
BTC-USD Calmar Ratio Rank: 12
BTC-USD Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IYLD vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Multi-Asset Income ETF (IYLD) and Bitcoin (BTC-USD). 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.

	IYLD	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	2.00	-0.43	+2.44
Sortino ratio Return per unit of downside risk	2.74	-0.36	+3.10
Omega ratio Gain probability vs. loss probability	1.42	0.96	+0.45
Calmar ratio Return relative to maximum drawdown	2.91	-1.14	+4.05
Martin ratio Return relative to average drawdown	10.88	-2.03	+12.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IYLD vs. BTC-USD - Sharpe Ratio Comparison

The current IYLD Sharpe Ratio is 2.00, which is higher than the BTC-USD Sharpe Ratio of -0.43. The chart below compares the historical Sharpe Ratios of IYLD and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IYLD	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	-0.43	+2.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.06	+0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.97	-0.54
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	1.18	-0.70

Correlation

The correlation between IYLD and BTC-USD is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

IYLD vs. BTC-USD - Drawdown Comparison

The maximum IYLD drawdown since its inception was -30.23%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for IYLD and BTC-USD.

Drawdown Indicators

	IYLD	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-30.23%	-85.30%	+55.07%
Max Drawdown (1Y) Largest decline over 1 year	-4.63%	-49.65%	+45.02%
Max Drawdown (5Y) Largest decline over 5 years	-22.57%	-76.67%	+54.10%
Max Drawdown (10Y) Largest decline over 10 years	-30.23%	-83.80%	+53.57%
Current Drawdown Current decline from peak	-3.02%	-46.47%	+43.45%
Average Drawdown Average peak-to-trough decline	-4.58%	-42.00%	+37.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.24%	27.75%	-26.51%

Volatility

IYLD vs. BTC-USD - Volatility Comparison

The current volatility for iShares Morningstar Multi-Asset Income ETF (IYLD) is 2.72%, while Bitcoin (BTC-USD) has a volatility of 13.70%. This indicates that IYLD experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IYLD	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.72%	13.70%	-10.98%
Volatility (6M) Calculated over the trailing 6-month period	4.55%	35.96%	-31.41%
Volatility (1Y) Calculated over the trailing 1-year period	6.80%	36.69%	-29.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.83%	46.91%	-39.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.56%	56.71%	-47.15%