MDGL vs. IBIT
MDGL (Madrigal Pharmaceuticals, 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, MDGL returned 62.66% vs -39.67% for IBIT. At a 0.20 correlation, their price movements are largely independent.
Performance
MDGL vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, MDGL achieves a -17.44% return, which is significantly higher than IBIT's -27.41% return.
MDGL
- 1D
- 1.37%
- 1M
- -10.95%
- YTD
- -17.44%
- 6M
- -15.87%
- 1Y
- 62.66%
- 3Y*
- 21.44%
- 5Y*
- 34.82%
- 10Y*
- 46.09%
IBIT
- 1D
- -0.03%
- 1M
- -19.59%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MDGL vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MDGL Madrigal Pharmaceuticals, Inc. | -17.44% | 88.72% | 30.34% |
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
Correlation
The correlation between MDGL and IBIT is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.20 |
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Return for Risk
MDGL vs. IBIT — Risk / Return Rank
MDGL
IBIT
MDGL vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Madrigal Pharmaceuticals, Inc. (MDGL) 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.
| MDGL | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.28 | ||
| Sortino ratioReturn per unit of downside risk | +3.50 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.85 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | -0.78 | +2.90 |
| Martin ratioReturn relative to average drawdown | 4.63 | -1.37 | +6.00 |
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Drawdowns
MDGL vs. IBIT - Drawdown Comparison
The maximum MDGL drawdown since its inception was -98.40%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for MDGL and IBIT.
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Drawdown Indicators
| MDGL | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.40% | -52.11% | -46.29% |
Max Drawdown (1Y)Largest decline over 1 year | -29.36% | -52.11% | +22.75% |
Max Drawdown (3Y)Largest decline over 3 years | -52.88% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -61.41% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -82.19% | — | — |
Current DrawdownCurrent decline from peak | -20.25% | -49.45% | +29.20% |
Average DrawdownAverage peak-to-trough decline | -58.52% | -16.53% | -41.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.38% | 29.64% | -16.26% |
Volatility
MDGL vs. IBIT - Volatility Comparison
Madrigal Pharmaceuticals, Inc. (MDGL) has a higher volatility of 13.71% compared to iShares Bitcoin Trust ETF (IBIT) at 12.07%. This indicates that MDGL'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
| MDGL | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.71% | 12.07% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 31.76% | 34.45% | -2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.97% | 44.10% | +1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 133.37% | 50.26% | +83.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 117.49% | 50.26% | +67.23% |
Dividends
MDGL vs. IBIT - Dividend Comparison
Neither MDGL nor IBIT has paid dividends to shareholders.
Frequently Asked Questions
MDGL and IBIT have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDGL has higher volatility (13.71%) compared to IBIT (12.07%). In terms of maximum drawdown, MDGL dropped -98.40% vs IBIT's -52.11%.
MDGL currently has the higher Sharpe Ratio (1.35 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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