IYLD vs. IBIT
IYLD (iShares Morningstar Multi-Asset Income ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IYLD is a Diversified Portfolio fund tracking the Morningstar Multi-Asset High Income 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, IYLD returned 14.02% vs -38.74% for IBIT. At a 0.34 correlation, their price movements are largely independent. IYLD charges 0.60%/yr vs 0.25%/yr for IBIT.
Performance
IYLD vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IYLD achieves a 4.95% return, which is significantly higher than IBIT's -25.48% return.
IYLD
- 1D
- -0.20%
- 1M
- 1.01%
- YTD
- 4.95%
- 6M
- 5.45%
- 1Y
- 14.02%
- 3Y*
- 10.59%
- 5Y*
- 3.36%
- 10Y*
- 4.00%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYLD vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IYLD iShares Morningstar Multi-Asset Income ETF | 4.95% | 15.44% | 3.54% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between IYLD and IBIT is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.34 |
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Return for Risk
IYLD vs. IBIT — Risk / Return Rank
IYLD
IBIT
IYLD vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Multi-Asset Income ETF (IYLD) 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.
| IYLD | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.35 | ||
| Sortino ratioReturn per unit of downside risk | +4.87 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 0.86 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | -0.79 | +3.82 |
| Martin ratioReturn relative to average drawdown | 11.80 | -1.36 | +13.16 |
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
| IYLD | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | -0.89 | +3.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.30 | +0.20 |
Drawdowns
IYLD vs. IBIT - Drawdown Comparison
The maximum IYLD drawdown since its inception was -30.23%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for IYLD and IBIT.
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Drawdown Indicators
| IYLD | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.23% | -49.36% | +19.13% |
Max Drawdown (1Y)Largest decline over 1 year | -4.63% | -49.36% | +44.73% |
Max Drawdown (3Y)Largest decline over 3 years | -5.20% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.23% | — | — |
Current DrawdownCurrent decline from peak | -0.55% | -48.10% | +47.55% |
Average DrawdownAverage peak-to-trough decline | -4.53% | -16.02% | +11.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 28.44% | -27.25% |
Volatility
IYLD vs. IBIT - Volatility Comparison
The current volatility for iShares Morningstar Multi-Asset Income ETF (IYLD) is 1.53%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that IYLD 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
| IYLD | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 9.50% | -7.97% |
Volatility (6M)Calculated over the trailing 6-month period | 4.72% | 34.44% | -29.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.73% | 43.73% | -38.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.86% | 50.19% | -42.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.58% | 50.19% | -40.61% |
IYLD vs. IBIT - Expense Ratio Comparison
IYLD has a 0.60% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
IYLD vs. IBIT - Dividend Comparison
IYLD's dividend yield for the trailing twelve months is around 4.61%, 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% |
IYLD iShares Morningstar Multi-Asset Income ETF | 4.61% | 4.72% | 5.32% | 5.76% | 5.45% | 3.47% | 4.38% | 5.25% | 5.78% | 4.22% | 4.84% | 5.26% |
Frequently Asked Questions
IYLD and IBIT have a correlation of 0.39, 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 IYLD (1.53%). In terms of maximum drawdown, IYLD dropped -30.23% vs IBIT's -49.36%.
On 1-year performance, IYLD leads with 14.02% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IYLD has been the lower-risk option at 1.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IYLD has performed better with a 14.02% 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 0.60% for IYLD.
IYLD has the higher dividend yield at 4.61%, compared with 0.00% for IBIT.
IYLD is categorized as Diversified Portfolio, while IBIT is Cryptocurrency. IYLD tracks Morningstar Multi-Asset High Income Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.60% for IYLD and 0.25% for IBIT.
IYLD currently has the higher Sharpe Ratio (2.46 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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