IYZ vs. IBIT

Last updated Jul 14, 2026

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 45.08% vs -47.60% for IBIT. At a 0.28 correlation, their price movements are largely independent. IYZ charges 0.42%/yr vs 0.25%/yr for IBIT.

Performance

IYZ vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Telecommunications ETF (IYZ) and iShares Bitcoin Trust ETF (IBIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IYZ achieves a 23.73% return, which is significantly higher than IBIT's -29.06% return.

IYZ

• 1D: -1.42%
• 1M: -4.51%
• 6M: 24.17%
• YTD: 23.73%
• 1Y: 45.08%
• 3Y*: 27.35%
• 5Y*: 6.78%
• 10Y*: 4.37%

IBIT

• 1D: -2.79%
• 1M: -2.28%
• 6M: -32.10%
• YTD: -29.06%
• 1Y: -47.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IYZ vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IYZ iShares U.S. Telecommunications ETF	23.73%	29.28%	19.48%
IBIT iShares Bitcoin Trust ETF	-29.06%	-6.41%	89.87%

Correlation

The correlation between IYZ and IBIT is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.28

Return for Risk

IYZ vs. IBIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IYZ

IYZ Risk / Return Rank: 87
IYZ Sharpe Ratio Rank: 89
IYZ Sortino Ratio Rank: 88
IYZ Omega Ratio Rank: 85
IYZ Calmar Ratio Rank: 87
IYZ Martin Ratio Rank: 85

IBIT

IBIT Risk / Return Rank: 1
IBIT Sharpe Ratio Rank: 1
IBIT Sortino Ratio Rank: 1
IBIT Omega Ratio Rank: 1
IBIT Calmar Ratio Rank: 1
IBIT Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

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.

	IYZ	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	2.34	-1.08	+3.42
Sortino ratio: Return per unit of downside risk	3.16	-1.65	+4.81
Omega ratio: Gain probability vs. loss probability	1.41	0.82	+0.59
Calmar ratio: Return relative to maximum drawdown	3.94	-0.90	+4.84
Martin ratio: Return relative to average drawdown	13.86	-1.46	+15.31

IYZ vs. IBIT - Sharpe Ratio Comparison

The current IYZ Sharpe Ratio is 2.34, which is higher than the IBIT Sharpe Ratio of -1.08. The chart below compares the historical Sharpe Ratios of IYZ and IBIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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 -53.30%. Use the drawdown chart below to compare losses from any high point for IYZ and IBIT.

Drawdown Indicators

	IYZ	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-77.11%	-53.30%	-23.81%
Max Drawdown (1Y) Largest decline over 1 year	-11.48%	-53.30%	+41.82%
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 Drawdown Current decline from peak	-9.06%	-50.60%	+41.54%
Average Drawdown Average peak-to-trough decline	-40.01%	-17.56%	-22.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	32.72%	-29.46%

Volatility

IYZ vs. IBIT - Volatility Comparison

The current volatility for iShares U.S. Telecommunications ETF (IYZ) is 6.91%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 11.51%. 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.

Volatility by Period

	IYZ	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.91%	11.51%	-4.60%
Volatility (6M) Calculated over the trailing 6-month period	16.24%	34.79%	-18.55%
Volatility (1Y) Calculated over the trailing 1-year period	19.37%	44.38%	-25.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.05%	49.97%	-30.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.30%	49.97%	-30.67%

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 1.69%, 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	1.69%	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

Can I hold both IYZ and IBIT in my portfolio?

IYZ and IBIT have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IYZ or IBIT?

IBIT has higher volatility (11.51%) compared to IYZ (6.91%). In terms of maximum drawdown, IYZ dropped -77.11% vs IBIT's -53.30%.

Which ETF is better, IYZ or IBIT?

On 1-year performance, IYZ leads with 45.08% vs -47.60% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IYZ has been the lower-risk option at 6.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYZ or IBIT?

Over the 1-year period, IYZ has performed better with a 45.08% return vs -47.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IYZ or IBIT?

IBIT is cheaper with a 0.25% expense ratio, compared with 0.42% for IYZ.

Which ETF pays a higher dividend yield, IYZ or IBIT?

IYZ has the higher dividend yield at 1.69%, compared with 0.00% for IBIT.

What is the main difference between IYZ and 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.

Which has better risk-adjusted returns?

IYZ currently has the higher Sharpe Ratio (2.34 vs -1.08), 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.