MARA vs. IBIT
MARA (MARA Holdings, Inc.) 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, MARA returned -6.38% vs -39.67% for IBIT. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
MARA vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, MARA achieves a 56.79% return, which is significantly higher than IBIT's -27.41% return.
MARA
- 1D
- 3.45%
- 1M
- 13.18%
- YTD
- 56.79%
- 6M
- 22.22%
- 1Y
- -6.38%
- 3Y*
- 13.30%
- 5Y*
- -11.91%
- 10Y*
- -10.09%
IBIT
- 1D
- -0.03%
- 1M
- -19.59%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MARA vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MARA MARA Holdings, Inc. | 56.79% | -46.45% | -34.57% |
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
Correlation
The correlation between MARA and IBIT is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.68 |
The correlation between MARA and IBIT has been stable across timeframes, ranging from 0.68 to 0.68 - a consistent structural relationship.
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Return for Risk
MARA vs. IBIT — Risk / Return Rank
MARA
IBIT
MARA vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MARA Holdings, Inc. (MARA) 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.
| MARA | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.85 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | -0.78 | +0.63 |
| Martin ratioReturn relative to average drawdown | -0.26 | -1.37 | +1.11 |
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Drawdowns
MARA vs. IBIT - Drawdown Comparison
The maximum MARA drawdown since its inception was -99.74%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for MARA and IBIT.
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Drawdown Indicators
| MARA | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.74% | -52.11% | -47.63% |
Max Drawdown (1Y)Largest decline over 1 year | -70.53% | -52.11% | -18.42% |
Max Drawdown (3Y)Largest decline over 3 years | -78.34% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -95.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.20% | — | — |
Current DrawdownCurrent decline from peak | -90.90% | -49.45% | -41.45% |
Average DrawdownAverage peak-to-trough decline | -78.00% | -16.53% | -61.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.56% | 29.64% | +12.92% |
Volatility
MARA vs. IBIT - Volatility Comparison
MARA Holdings, Inc. (MARA) has a higher volatility of 23.71% compared to iShares Bitcoin Trust ETF (IBIT) at 12.07%. This indicates that MARA's price experiences larger fluctuations and is considered to be riskier 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
| MARA | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.71% | 12.07% | +11.64% |
Volatility (6M)Calculated over the trailing 6-month period | 60.50% | 34.45% | +26.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.29% | 44.10% | +35.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.98% | 50.26% | +55.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 144.15% | 50.26% | +93.89% |
Dividends
MARA vs. IBIT - Dividend Comparison
Neither MARA nor IBIT has paid dividends to shareholders.
Frequently Asked Questions
MARA and IBIT have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MARA has higher volatility (23.71%) compared to IBIT (12.07%). In terms of maximum drawdown, MARA dropped -99.74% vs IBIT's -52.11%.
MARA currently has the higher Sharpe Ratio (-0.14 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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