IYT vs. BTC-USD
IYT (iShares Transportation Average ETF) is Transportation Equities fund tracking the Dow Jones Transportation Average Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, IYT returned 11.13%/yr vs 57.41%/yr for BTC-USD. At a 0.10 correlation, their price movements are largely independent.
Performance
IYT vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, IYT achieves a 13.27% return, which is significantly higher than BTC-USD's -28.07% return. Over the past 10 years, IYT has underperformed BTC-USD with an annualized return of 11.13%, while BTC-USD has yielded a comparatively higher 57.41% annualized return.
IYT
- 1D
- -0.78%
- 1M
- 3.24%
- YTD
- 13.27%
- 6M
- 12.06%
- 1Y
- 27.89%
- 3Y*
- 13.54%
- 5Y*
- 6.34%
- 10Y*
- 11.13%
BTC-USD
- 1D
- -1.58%
- 1M
- -18.24%
- YTD
- -28.07%
- 6M
- -28.01%
- 1Y
- -40.30%
- 3Y*
- 27.25%
- 5Y*
- 12.68%
- 10Y*
- 57.41%
IYT vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYT iShares Transportation Average ETF | 13.27% | 11.48% | 4.10% | 24.62% | -21.74% | 26.41% | 14.20% | 20.11% | -12.87% | 18.89% |
BTC-USD Bitcoin | -28.07% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between IYT and BTC-USD is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
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 8, 2012 | 0.10 |
The correlation between IYT and BTC-USD shifts across timeframes, from 0.10 (all time) to 0.24 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IYT vs. BTC-USD — Risk / Return Rank
IYT
BTC-USD
IYT vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Transportation Average ETF (IYT) 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.
| IYT | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.30 | ||
| Sortino ratioReturn per unit of downside risk | +3.27 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.86 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | -0.79 | +3.10 |
| Martin ratioReturn relative to average drawdown | 7.51 | -1.32 | +8.83 |
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Drawdowns
IYT vs. BTC-USD - Drawdown Comparison
The maximum IYT drawdown since its inception was -60.39%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for IYT and BTC-USD.
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Drawdown Indicators
| IYT | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.39% | -85.30% | +24.91% |
Max Drawdown (1Y)Largest decline over 1 year | -12.09% | -51.21% | +39.12% |
Max Drawdown (3Y)Largest decline over 3 years | -26.35% | -51.21% | +24.86% |
Max Drawdown (5Y)Largest decline over 5 years | -29.15% | -76.67% | +47.52% |
Max Drawdown (10Y)Largest decline over 10 years | -41.28% | -83.80% | +42.52% |
Current DrawdownCurrent decline from peak | -2.97% | -49.54% | +46.57% |
Average DrawdownAverage peak-to-trough decline | -9.30% | -42.40% | +33.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 31.29% | -27.57% |
Volatility
IYT vs. BTC-USD - Volatility Comparison
The current volatility for iShares Transportation Average ETF (IYT) is 7.09%, while Bitcoin (BTC-USD) has a volatility of 12.23%. This indicates that IYT 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
| IYT | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 12.23% | -5.14% |
Volatility (6M)Calculated over the trailing 6-month period | 16.27% | 34.57% | -18.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.70% | 35.70% | -15.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.40% | 44.26% | -21.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.16% | 56.41% | -33.25% |
Frequently Asked Questions
IYT and BTC-USD have a correlation of 0.22, 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 (12.23%) compared to IYT (7.09%). In terms of maximum drawdown, IYT dropped -60.39% vs BTC-USD's -85.30%.
IYT currently has the higher Sharpe Ratio (1.36 vs -0.94), 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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