LEGR vs. IBIT
LEGR (First Trust Indxx Innovative Transaction & Process ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - LEGR is a Blockchain fund tracking the Indxx Blockchain 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, LEGR returned 26.44% vs -44.50% for IBIT. Their 0.40 correlation means their historical movements had little consistent relationship. LEGR charges 0.65%/yr vs 0.25%/yr for IBIT.
Performance
LEGR vs. IBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LEGR achieves a 11.04% return, which is significantly higher than IBIT's -28.22% return.
LEGR
- 1D
- 0.10%
- 1M
- 2.17%
- 6M
- 6.41%
- YTD
- 11.04%
- 1Y
- 26.44%
- 3Y*
- 20.93%
- 5Y*
- 11.85%
- 10Y*
- —
- ALL TIME*
- 11.72%
IBIT
- 1D
- -2.89%
- 1M
- 2.21%
- 6M
- -24.95%
- YTD
- -28.22%
- 1Y
- -44.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.30B | $1.34B | $1.68B | |
| $161.15K | $131.30K | $172.81K |
LEGR vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LEGR First Trust Indxx Innovative Transaction & Process ETF | 11.04% | 30.83% | 17.83% |
IBIT iShares Bitcoin Trust ETF | -28.22% | -6.41% | 89.87% |
Correlation
The correlation between LEGR and IBIT is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.40 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LEGR vs. IBIT — Risk / Return Rank
LEGR
IBIT
LEGR vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Innovative Transaction & Process ETF (LEGR) 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.
| LEGR | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.70 | ||
| Sortino ratioReturn per unit of downside risk | +3.86 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.83 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | -0.87 | +3.24 |
| Martin ratioReturn relative to average drawdown | 7.75 | -1.34 | +9.09 |
Loading charts...
Drawdowns
LEGR vs. IBIT - Drawdown Comparison
The maximum LEGR drawdown since its inception was -36.12%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for LEGR and IBIT.
Loading charts...
Drawdown Indicators
| LEGR | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.12% | -53.30% | +17.18% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -53.30% | +42.90% |
Max Drawdown (3Y)Largest decline over 3 years | -14.25% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.45% | — | — |
Current DrawdownCurrent decline from peak | -2.68% | -50.01% | +47.33% |
Average DrawdownAverage peak-to-trough decline | -6.56% | -18.24% | +11.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 34.66% | -31.49% |
Volatility
LEGR vs. IBIT - Volatility Comparison
The current volatility for First Trust Indxx Innovative Transaction & Process ETF (LEGR) is 4.38%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.21%. This indicates that LEGR 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.
Loading charts...
Volatility by Period
| LEGR | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 9.21% | -4.83% |
Volatility (6M)Calculated over the trailing 6-month period | 12.51% | 33.74% | -21.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.83% | 44.46% | -29.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.08% | 49.60% | -32.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.26% | 49.60% | -29.34% |
LEGR vs. IBIT - Expense Ratio Comparison
LEGR has a 0.65% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
LEGR vs. IBIT - Dividend Comparison
LEGR's dividend yield for the trailing twelve months is around 1.80%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LEGR First Trust Indxx Innovative Transaction & Process ETF | 1.80% | 1.84% | 2.40% | 2.56% | 2.64% | 1.80% | 0.95% | 2.04% | 1.30% |
Frequently Asked Questions
LEGR and IBIT have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.21%) compared to LEGR (4.38%). In terms of maximum drawdown, LEGR dropped -36.12% vs IBIT's -53.30%.
On 1-year performance, LEGR leads with 26.44% vs -44.50% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, LEGR has been the lower-risk option at 4.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LEGR has performed better with a 26.44% return vs -44.50%. 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 0.65% for LEGR.
LEGR has the higher dividend yield at 1.80%, compared with 0.00% for IBIT.
LEGR is categorized as Blockchain, while IBIT is Cryptocurrency. LEGR tracks Indxx Blockchain Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.65% for LEGR and 0.25% for IBIT.
LEGR currently has the higher Sharpe Ratio (1.66 vs -1.04), 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.
Find the right allocation for LEGR and IBIT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer