IYW vs. IBIT
IYW (iShares U.S. Technology ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped 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, IYW returned 59.52% vs -38.74% for IBIT. At a 0.37 correlation, their price movements are largely independent. IYW charges 0.38%/yr vs 0.25%/yr for IBIT.
Performance
IYW vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IYW achieves a 29.03% return, which is significantly higher than IBIT's -25.48% return.
IYW
- 1D
- -0.92%
- 1M
- 16.53%
- YTD
- 29.03%
- 6M
- 28.22%
- 1Y
- 59.52%
- 3Y*
- 35.24%
- 5Y*
- 22.87%
- 10Y*
- 26.11%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYW vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IYW iShares U.S. Technology ETF | 29.03% | 25.38% | 30.17% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between IYW and IBIT is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.37 |
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Return for Risk
IYW vs. IBIT — Risk / Return Rank
IYW
IBIT
IYW vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Technology ETF (IYW) 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.
| IYW | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.87 | ||
| Sortino ratioReturn per unit of downside risk | +4.92 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 0.86 | +0.62 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | -0.79 | +4.15 |
| Martin ratioReturn relative to average drawdown | 11.00 | -1.36 | +12.36 |
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
| IYW | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.98 | -0.89 | +3.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.30 | +0.06 |
Drawdowns
IYW vs. IBIT - Drawdown Comparison
The maximum IYW drawdown since its inception was -81.90%, which is greater than IBIT's maximum drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for IYW and IBIT.
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Drawdown Indicators
| IYW | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.90% | -49.36% | -32.54% |
Max Drawdown (1Y)Largest decline over 1 year | -17.81% | -49.36% | +31.55% |
Max Drawdown (3Y)Largest decline over 3 years | -26.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -39.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.44% | — | — |
Current DrawdownCurrent decline from peak | -0.92% | -48.10% | +47.18% |
Average DrawdownAverage peak-to-trough decline | -34.66% | -16.02% | -18.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.43% | 28.44% | -23.01% |
Volatility
IYW vs. IBIT - Volatility Comparison
The current volatility for iShares U.S. Technology ETF (IYW) is 6.30%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that IYW 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
| IYW | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.30% | 9.50% | -3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 15.85% | 34.44% | -18.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.09% | 43.73% | -23.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.87% | 50.19% | -24.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.09% | 50.19% | -25.10% |
IYW vs. IBIT - Expense Ratio Comparison
IYW has a 0.38% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
IYW vs. IBIT - Dividend Comparison
IYW's dividend yield for the trailing twelve months is around 0.11%, 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% |
IYW iShares U.S. Technology ETF | 0.11% | 0.14% | 0.21% | 0.34% | 0.50% | 0.31% | 0.56% | 0.72% | 0.92% | 0.82% | 1.14% | 1.12% |
Frequently Asked Questions
IYW and IBIT have a correlation of 0.46, 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 IYW (6.30%). In terms of maximum drawdown, IYW dropped -81.90% vs IBIT's -49.36%.
On 1-year performance, IYW leads with 59.52% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IYW has been the lower-risk option at 6.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IYW has performed better with a 59.52% 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 0.38% for IYW.
IYW has the higher dividend yield at 0.11%, compared with 0.00% for IBIT.
IYW is categorized as Technology Equities, while IBIT is Cryptocurrency. IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.38% for IYW and 0.25% for IBIT.
IYW currently has the higher Sharpe Ratio (2.98 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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