MCR vs. IBIT
MCR (MFS Charter Income Trust) 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, MCR returned 1.48% vs -43.93% for IBIT. At a 0.17 correlation, their price movements are largely independent.
Performance
MCR vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, MCR achieves a -1.03% return, which is significantly higher than IBIT's -29.77% return.
MCR
- 1D
- -0.67%
- 1M
- 1.08%
- 6M
- -0.55%
- YTD
- -1.03%
- 1Y
- 1.48%
- 3Y*
- 7.73%
- 5Y*
- 0.97%
- 10Y*
- 5.44%
IBIT
- 1D
- 2.56%
- 1M
- -5.76%
- 6M
- -31.55%
- YTD
- -29.77%
- 1Y
- -43.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MCR vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MCR MFS Charter Income Trust | -1.03% | 7.04% | 7.36% |
IBIT iShares Bitcoin Trust ETF | -29.77% | -6.41% | 89.87% |
Correlation
The correlation between MCR and IBIT is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.17 |
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Return for Risk
MCR vs. IBIT — Risk / Return Rank
MCR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBIT
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.
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.
| MCR | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.84 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | -0.83 | +1.45 |
| Martin ratioReturn relative to average drawdown | 1.89 | -1.39 | +3.28 |
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Drawdowns
MCR vs. IBIT - Drawdown Comparison
The maximum MCR drawdown since its inception was -31.90%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for MCR and IBIT.
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Drawdown Indicators
| MCR | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.90% | -53.30% | +21.40% |
Max Drawdown (1Y)Largest decline over 1 year | -5.86% | -53.30% | +47.44% |
Max Drawdown (3Y)Largest decline over 3 years | -8.26% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.72% | — | — |
Current DrawdownCurrent decline from peak | -2.59% | -51.09% | +48.50% |
Average DrawdownAverage peak-to-trough decline | -8.50% | -17.25% | +8.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 31.80% | -29.90% |
Volatility
MCR vs. IBIT - Volatility Comparison
The current volatility for MFS Charter Income Trust (MCR) is 2.18%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.15%. 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.
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Volatility by Period
| MCR | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.18% | 13.15% | -10.97% |
Volatility (6M)Calculated over the trailing 6-month period | 6.19% | 34.89% | -28.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.64% | 44.54% | -36.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.91% | 50.09% | -38.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.12% | 50.09% | -36.97% |
Dividends
MCR vs. IBIT - Dividend Comparison
Neither MCR nor IBIT has 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% |
MCR MFS Charter Income Trust | 9.02% | 8.58% | 8.59% | 8.37% | 9.55% | 8.14% | 7.94% | 8.38% | 9.66% | 8.84% | 8.63% | 9.13% |
Frequently Asked Questions
MCR and IBIT have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (13.15%) compared to MCR (2.18%). In terms of maximum drawdown, MCR dropped -31.90% vs IBIT's -53.30%.
MCR currently has the higher Sharpe Ratio (0.47 vs -1.00), 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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