IYM vs. IBIT
IYM (iShares U.S. Basic Materials ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IYM is a Materials fund tracking the Dow Jones U.S. Basic Materials 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, IYM returned 37.82% vs -39.60% for IBIT. At a 0.29 correlation, their price movements are largely independent. IYM charges 0.42%/yr vs 0.25%/yr for IBIT.
Performance
IYM vs. IBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IYM achieves a 22.18% return, which is significantly higher than IBIT's -27.45% return.
IYM
- 1D
- 0.10%
- 1M
- 3.09%
- YTD
- 22.18%
- 6M
- 27.03%
- 1Y
- 37.82%
- 3Y*
- 16.01%
- 5Y*
- 7.84%
- 10Y*
- 10.92%
IBIT
- 1D
- -2.65%
- 1M
- -22.17%
- YTD
- -27.45%
- 6M
- -31.40%
- 1Y
- -39.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYM vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IYM iShares U.S. Basic Materials ETF | 22.18% | 20.41% | -1.53% |
IBIT iShares Bitcoin Trust ETF | -27.45% | -6.41% | 99.21% |
Correlation
The correlation between IYM and IBIT is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.29 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IYM vs. IBIT — Risk / Return Rank
IYM
IBIT
IYM vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Basic Materials ETF (IYM) 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.
| IYM | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.95 | ||
| Sortino ratioReturn per unit of downside risk | +3.98 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.86 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | -0.80 | +3.59 |
| Martin ratioReturn relative to average drawdown | 10.62 | -1.39 | +12.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IYM | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | -0.91 | +2.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.27 | +0.07 |
Drawdowns
IYM vs. IBIT - Drawdown Comparison
The maximum IYM drawdown since its inception was -67.78%, which is greater than IBIT's maximum drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for IYM and IBIT.
Loading charts...
Drawdown Indicators
| IYM | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.78% | -49.47% | -18.31% |
Max Drawdown (1Y)Largest decline over 1 year | -13.61% | -49.47% | +35.86% |
Max Drawdown (3Y)Largest decline over 3 years | -23.62% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.94% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.76% | — | — |
Current DrawdownCurrent decline from peak | -0.78% | -49.47% | +48.69% |
Average DrawdownAverage peak-to-trough decline | -11.45% | -16.07% | +4.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 28.61% | -25.04% |
Volatility
IYM vs. IBIT - Volatility Comparison
The current volatility for iShares U.S. Basic Materials ETF (IYM) is 6.34%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.14%. This indicates that IYM 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.
Loading charts...
Volatility by Period
| IYM | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.34% | 9.14% | -2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 14.85% | 33.89% | -19.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.64% | 43.76% | -25.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.37% | 50.18% | -29.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.70% | 50.18% | -28.48% |
IYM vs. IBIT - Expense Ratio Comparison
IYM has a 0.42% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
IYM vs. IBIT - Dividend Comparison
IYM's dividend yield for the trailing twelve months is around 1.24%, 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% |
IYM iShares U.S. Basic Materials ETF | 1.24% | 1.51% | 1.65% | 1.77% | 2.14% | 1.48% | 1.39% | 2.08% | 1.68% | 1.43% | 1.47% | 2.04% |
Frequently Asked Questions
IYM and IBIT have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.14%) compared to IYM (6.34%). In terms of maximum drawdown, IYM dropped -67.78% vs IBIT's -49.47%.
On 1-year performance, IYM leads with 37.82% vs -39.60% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IYM has been the lower-risk option at 6.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IYM has performed better with a 37.82% return vs -39.60%. 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 0.42% for IYM.
IYM has the higher dividend yield at 1.24%, compared with 0.00% for IBIT.
IYM is categorized as Materials, while IBIT is Cryptocurrency. IYM tracks Dow Jones U.S. Basic Materials Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.42% for IYM and 0.25% for IBIT.
IYM currently has the higher Sharpe Ratio (2.04 vs -0.91), 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.
Find the right allocation for IYM and IBIT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer