MCR vs. IBIT

Last updated Apr 1, 2026

Compare and contrast key facts about MFS Charter Income Trust (MCR) and iShares Bitcoin Trust ETF (IBIT).

IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024.

Performance

MCR vs. IBIT - Performance Comparison

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

MCR vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MCR MFS Charter Income Trust	-1.23%	7.04%	7.52%
IBIT iShares Bitcoin Trust ETF	-22.62%	-6.41%	99.21%

Returns By Period

In the year-to-date period, MCR achieves a -1.23% return, which is significantly higher than IBIT's -22.62% return.

MCR

• 1D: 2.89%
• 1M: -2.00%
• YTD: -1.23%
• 6M: -1.45%
• 1Y: 5.29%
• 3Y*: 7.70%
• 5Y*: 1.78%
• 10Y*: 5.90%

IBIT

• 1D: 1.96%
• 1M: 3.31%
• YTD: -22.62%
• 6M: -40.89%
• 1Y: -17.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

MCR vs. IBIT — Risk / Return Rank

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

MCR

MCR Risk / Return Rank: 58
MCR Sharpe Ratio Rank: 62
MCR Sortino Ratio Rank: 50
MCR Omega Ratio Rank: 53
MCR Calmar Ratio Rank: 59
MCR Martin Ratio Rank: 67

IBIT

IBIT Risk / Return Rank: 6
IBIT Sharpe Ratio Rank: 5
IBIT Sortino Ratio Rank: 6
IBIT Omega Ratio Rank: 7
IBIT Calmar Ratio Rank: 6
IBIT Martin Ratio Rank: 6

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.

MCR vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Charter Income Trust (MCR) 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.

	MCR	IBIT	Difference
Sharpe ratio Return per unit of total volatility	0.57	-0.40	+0.97
Sortino ratio Return per unit of downside risk	0.81	-0.29	+1.10
Omega ratio Gain probability vs. loss probability	1.12	0.97	+0.16
Calmar ratio Return relative to maximum drawdown	0.78	-0.39	+1.17
Martin ratio Return relative to average drawdown	2.94	-0.83	+3.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MCR vs. IBIT - Sharpe Ratio Comparison

The current MCR Sharpe Ratio is 0.57, which is higher than the IBIT Sharpe Ratio of -0.40. The chart below compares the historical Sharpe Ratios of MCR and IBIT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MCR	IBIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.57	-0.40	+0.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.35	-0.05

Correlation

The correlation between MCR and IBIT is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MCR vs. IBIT - Dividend Comparison

MCR's dividend yield for the trailing twelve months is around 8.87%, while IBIT has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MCR MFS Charter Income Trust	8.87%	8.58%	8.59%	8.37%	9.55%	8.14%	7.94%	8.38%	9.66%	8.84%	8.63%	9.13%
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%

Drawdowns

MCR vs. IBIT - Drawdown Comparison

The maximum MCR drawdown since its inception was -31.90%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for MCR and IBIT.

Drawdown Indicators

	MCR	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-31.90%	-49.36%	+17.46%
Max Drawdown (1Y) Largest decline over 1 year	-6.80%	-49.36%	+42.56%
Max Drawdown (5Y) Largest decline over 5 years	-28.18%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.72%	—	—
Current Drawdown Current decline from peak	-2.78%	-46.11%	+43.33%
Average Drawdown Average peak-to-trough decline	-8.53%	-14.13%	+5.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	23.09%	-21.29%

Volatility

MCR vs. IBIT - Volatility Comparison

The current volatility for MFS Charter Income Trust (MCR) is 4.53%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 12.99%. This indicates that MCR 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

	MCR	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.53%	12.99%	-8.46%
Volatility (6M) Calculated over the trailing 6-month period	6.11%	36.75%	-30.64%
Volatility (1Y) Calculated over the trailing 1-year period	9.29%	45.42%	-36.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.88%	51.26%	-39.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.11%	51.26%	-38.15%