IYLD vs. BTC-USD
IYLD (iShares Morningstar Multi-Asset Income ETF) is Diversified Portfolio fund tracking the Morningstar Multi-Asset High Income Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, IYLD returned 3.78%/yr vs 57.60%/yr for BTC-USD. At a 0.10 correlation, their price movements are largely independent.
Performance
IYLD vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, IYLD achieves a 5.44% return, which is significantly higher than BTC-USD's -27.04% return. Over the past 10 years, IYLD has underperformed BTC-USD with an annualized return of 3.78%, while BTC-USD has yielded a comparatively higher 57.60% annualized return.
IYLD
- 1D
- -0.20%
- 1M
- 0.10%
- 6M
- 3.70%
- YTD
- 5.44%
- 1Y
- 12.79%
- 3Y*
- 9.74%
- 5Y*
- 3.26%
- 10Y*
- 3.78%
BTC-USD
- 1D
- -1.36%
- 1M
- -2.71%
- 6M
- -33.22%
- YTD
- -27.04%
- 1Y
- -46.21%
- 3Y*
- 28.42%
- 5Y*
- 15.15%
- 10Y*
- 57.60%
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 | 5.44% | 15.44% | 2.00% | 12.55% | -16.80% | 3.37% | -1.18% | 15.82% | -4.77% | 10.90% |
BTC-USD Bitcoin | -27.04% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between IYLD and BTC-USD is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2012 | 0.10 |
Over the past year, IYLD and BTC-USD have become more correlated (0.36) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
IYLD vs. BTC-USD — Risk / Return Rank
IYLD
BTC-USD
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.
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.
| IYLD | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.31 | ||
| Sortino ratioReturn per unit of downside risk | +4.93 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 0.84 | +0.59 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | -0.87 | +3.64 |
| Martin ratioReturn relative to average drawdown | 10.85 | -1.40 | +12.25 |
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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.
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Drawdown Indicators
| IYLD | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.23% | -85.30% | +55.07% |
Max Drawdown (1Y)Largest decline over 1 year | -4.63% | -53.08% | +48.45% |
Max Drawdown (3Y)Largest decline over 3 years | -5.20% | -53.08% | +47.88% |
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 DrawdownCurrent decline from peak | -0.27% | -48.82% | +48.55% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -42.58% | +38.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 29.30% | -28.12% |
Volatility
IYLD vs. BTC-USD - Volatility Comparison
The current volatility for iShares Morningstar Multi-Asset Income ETF (IYLD) is 1.06%, while Bitcoin (BTC-USD) has a volatility of 9.78%. 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.
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Volatility by Period
| IYLD | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 9.78% | -8.72% |
Volatility (6M)Calculated over the trailing 6-month period | 4.79% | 34.90% | -30.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.75% | 35.73% | -29.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.87% | 43.96% | -36.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.54% | 56.33% | -46.79% |
Frequently Asked Questions
IYLD and BTC-USD have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (9.78%) compared to IYLD (1.06%). In terms of maximum drawdown, IYLD dropped -30.23% vs BTC-USD's -85.30%.
IYLD currently has the higher Sharpe Ratio (2.23 vs -1.07), 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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