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 12.68% vs -45.30% for IBIT. At a 0.35 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 4.72% return, which is significantly higher than IBIT's -32.49% return.
IYLD
- 1D
- -0.04%
- 1M
- -0.33%
- YTD
- 4.72%
- 6M
- 4.52%
- 1Y
- 12.68%
- 3Y*
- 10.29%
- 5Y*
- 3.29%
- 10Y*
- 4.12%
IBIT
- 1D
- -1.03%
- 1M
- -22.03%
- YTD
- -32.49%
- 6M
- -32.23%
- 1Y
- -45.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYLD vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IYLD iShares Morningstar Multi-Asset Income ETF | 4.72% | 15.44% | 3.65% |
IBIT iShares Bitcoin Trust ETF | -32.49% | -6.41% | 89.87% |
Correlation
The correlation between IYLD and IBIT is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.35 |
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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.
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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.22 | ||
| Sortino ratioReturn per unit of downside risk | +4.79 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.83 | +0.59 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | -0.86 | +3.61 |
| Martin ratioReturn relative to average drawdown | 10.57 | -1.47 | +12.03 |
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Drawdowns
IYLD vs. IBIT - Drawdown Comparison
The maximum IYLD drawdown since its inception was -30.23%, smaller than the maximum IBIT drawdown of -52.98%. 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% | -52.98% | +22.75% |
Max Drawdown (1Y)Largest decline over 1 year | -4.63% | -52.98% | +48.35% |
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 | -0.77% | -52.98% | +52.21% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -16.97% | +12.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 30.94% | -29.74% |
Volatility
IYLD vs. IBIT - Volatility Comparison
The current volatility for iShares Morningstar Multi-Asset Income ETF (IYLD) is 1.43%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.43%. 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 | 1.43% | 13.43% | -12.00% |
Volatility (6M)Calculated over the trailing 6-month period | 4.76% | 34.60% | -29.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 44.41% | -38.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.87% | 50.21% | -42.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.56% | 50.21% | -40.65% |
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 4.62%, 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 | 4.62% | 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 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (13.43%) compared to IYLD (1.43%). In terms of maximum drawdown, IYLD dropped -30.23% vs IBIT's -52.98%.
On 1-year performance, IYLD leads with 12.68% vs -45.30% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IYLD has been the lower-risk option at 1.43%. 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 12.68% return vs -45.30%. 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 4.62%, 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 (2.20 vs -1.02), 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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