JPM vs. IBIT
JPM (JPMorgan Chase & Co.) is a stock, while IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, JPM returned 23.40% vs -39.67% for IBIT. At a 0.21 correlation, their price movements are largely independent.
Performance
JPM vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, JPM achieves a 0.50% return, which is significantly higher than IBIT's -27.41% return.
JPM
- 1D
- 2.31%
- 1M
- 7.69%
- YTD
- 0.50%
- 6M
- 1.66%
- 1Y
- 23.40%
- 3Y*
- 34.22%
- 5Y*
- 17.82%
- 10Y*
- 21.02%
IBIT
- 1D
- -0.03%
- 1M
- -19.59%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPM vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JPM JPMorgan Chase & Co. | 0.50% | 37.27% | 42.63% |
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
Correlation
The correlation between JPM and IBIT is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.21 |
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Return for Risk
JPM vs. IBIT — Risk / Return Rank
JPM
IBIT
JPM vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Chase & Co. (JPM) 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.
| JPM | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.94 | ||
| Sortino ratioReturn per unit of downside risk | +2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.85 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | -0.78 | +2.20 |
| Martin ratioReturn relative to average drawdown | 3.36 | -1.37 | +4.73 |
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Drawdowns
JPM vs. IBIT - Drawdown Comparison
The maximum JPM drawdown since its inception was -76.16%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for JPM and IBIT.
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Drawdown Indicators
| JPM | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.16% | -52.11% | -24.05% |
Max Drawdown (1Y)Largest decline over 1 year | -15.47% | -52.11% | +36.64% |
Max Drawdown (3Y)Largest decline over 3 years | -24.42% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.77% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.63% | — | — |
Current DrawdownCurrent decline from peak | -3.66% | -49.45% | +45.79% |
Average DrawdownAverage peak-to-trough decline | -17.62% | -16.53% | -1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 29.64% | -23.10% |
Volatility
JPM vs. IBIT - Volatility Comparison
The current volatility for JPMorgan Chase & Co. (JPM) is 6.35%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 12.07%. This indicates that JPM 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
| JPM | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.35% | 12.07% | -5.72% |
Volatility (6M)Calculated over the trailing 6-month period | 16.67% | 34.45% | -17.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.76% | 44.10% | -22.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.46% | 50.26% | -25.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.39% | 50.26% | -22.87% |
Dividends
JPM vs. IBIT - Dividend Comparison
JPM's dividend yield for the trailing twelve months is around 1.84%, 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% |
JPM JPMorgan Chase & Co. | 1.84% | 1.72% | 1.92% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% |
Frequently Asked Questions
JPM and IBIT have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (12.07%) compared to JPM (6.35%). In terms of maximum drawdown, JPM dropped -76.16% vs IBIT's -52.11%.
JPM currently has the higher Sharpe Ratio (1.01 vs -0.92), 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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