IYZ vs. IBIT
IYZ (iShares U.S. Telecommunications ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IYZ is a Communications Equities fund tracking the Dow Jones U.S. Select Telecommunications 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, IYZ returned 59.79% vs -38.74% for IBIT. At a 0.27 correlation, their price movements are largely independent. IYZ charges 0.42%/yr vs 0.25%/yr for IBIT.
Performance
IYZ vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IYZ achieves a 32.03% return, which is significantly higher than IBIT's -25.48% return.
IYZ
- 1D
- -2.96%
- 1M
- 4.94%
- YTD
- 32.03%
- 6M
- 38.73%
- 1Y
- 59.79%
- 3Y*
- 30.34%
- 5Y*
- 8.18%
- 10Y*
- 6.28%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYZ vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IYZ iShares U.S. Telecommunications ETF | 32.03% | 29.28% | 20.69% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between IYZ and IBIT is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.27 |
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Return for Risk
IYZ vs. IBIT — Risk / Return Rank
IYZ
IBIT
IYZ vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Telecommunications ETF (IYZ) 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.
| IYZ | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.24 | ||
| Sortino ratioReturn per unit of downside risk | +5.67 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 0.86 | +0.72 |
| Calmar ratioReturn relative to maximum drawdown | 9.54 | -0.79 | +10.33 |
| Martin ratioReturn relative to average drawdown | 32.08 | -1.36 | +33.45 |
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
| IYZ | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.35 | -0.89 | +4.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.30 | -0.22 |
Drawdowns
IYZ vs. IBIT - Drawdown Comparison
The maximum IYZ drawdown since its inception was -77.11%, which is greater than IBIT's maximum drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for IYZ and IBIT.
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Drawdown Indicators
| IYZ | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.11% | -49.36% | -27.75% |
Max Drawdown (1Y)Largest decline over 1 year | -6.30% | -49.36% | +43.06% |
Max Drawdown (3Y)Largest decline over 3 years | -13.85% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -39.74% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.74% | — | — |
Current DrawdownCurrent decline from peak | -2.96% | -48.10% | +45.14% |
Average DrawdownAverage peak-to-trough decline | -40.14% | -16.02% | -24.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 28.44% | -26.57% |
Volatility
IYZ vs. IBIT - Volatility Comparison
The current volatility for iShares U.S. Telecommunications ETF (IYZ) is 7.44%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that IYZ 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
| IYZ | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | 9.50% | -2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 14.76% | 34.44% | -19.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.95% | 43.73% | -25.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.75% | 50.19% | -31.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.25% | 50.19% | -30.94% |
IYZ vs. IBIT - Expense Ratio Comparison
IYZ has a 0.42% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
IYZ vs. IBIT - Dividend Comparison
IYZ's dividend yield for the trailing twelve months is around 1.50%, 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% |
IYZ iShares U.S. Telecommunications ETF | 1.50% | 2.04% | 1.94% | 2.27% | 2.55% | 2.51% | 2.60% | 2.36% | 2.15% | 3.54% | 2.27% | 1.98% |
Frequently Asked Questions
IYZ and IBIT have a correlation of 0.28, 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 IYZ (7.44%). In terms of maximum drawdown, IYZ dropped -77.11% vs IBIT's -49.36%.
On 1-year performance, IYZ leads with 59.79% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IYZ has been the lower-risk option at 7.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IYZ has performed better with a 59.79% 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 0.42% for IYZ.
IYZ has the higher dividend yield at 1.50%, compared with 0.00% for IBIT.
IYZ is categorized as Communications Equities, while IBIT is Cryptocurrency. IYZ tracks Dow Jones U.S. Select Telecommunications Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.42% for IYZ and 0.25% for IBIT.
IYZ currently has the higher Sharpe Ratio (3.35 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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