NYF vs. IBIT
NYF (iShares New York Muni Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - NYF is a Municipal Bonds fund tracking the S&P New York AMT-Free Municipal Bond 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, NYF returned 6.81% vs -38.74% for IBIT. At a 0.05 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
NYF vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, NYF achieves a 1.51% return, which is significantly higher than IBIT's -25.48% return.
NYF
- 1D
- -0.04%
- 1M
- 0.58%
- YTD
- 1.51%
- 6M
- 1.91%
- 1Y
- 6.81%
- 3Y*
- 3.36%
- 5Y*
- 0.83%
- 10Y*
- 1.81%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NYF vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NYF iShares New York Muni Bond ETF | 1.51% | 3.64% | 1.00% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between NYF and IBIT is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.05 |
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Return for Risk
NYF vs. IBIT — Risk / Return Rank
NYF
IBIT
NYF vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares New York Muni Bond ETF (NYF) 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.
| NYF | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.35 | ||
| Sortino ratioReturn per unit of downside risk | +4.74 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 0.86 | +0.67 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | -0.79 | +3.27 |
| Martin ratioReturn relative to average drawdown | 8.88 | -1.36 | +10.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NYF | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | -0.89 | +3.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.30 | +0.17 |
Drawdowns
NYF vs. IBIT - Drawdown Comparison
The maximum NYF drawdown since its inception was -13.12%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for NYF and IBIT.
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Drawdown Indicators
| NYF | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.12% | -49.36% | +36.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -49.36% | +46.60% |
Max Drawdown (3Y)Largest decline over 3 years | -5.68% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -12.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -13.12% | — | — |
Current DrawdownCurrent decline from peak | -0.56% | -48.10% | +47.54% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -16.02% | +13.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 28.44% | -27.67% |
Volatility
NYF vs. IBIT - Volatility Comparison
The current volatility for iShares New York Muni Bond ETF (NYF) is 0.95%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that NYF 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
| NYF | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 9.50% | -8.55% |
Volatility (6M)Calculated over the trailing 6-month period | 2.08% | 34.44% | -32.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.78% | 43.73% | -40.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.00% | 50.19% | -46.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.48% | 50.19% | -45.71% |
NYF vs. IBIT - Expense Ratio Comparison
Both NYF and IBIT have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
NYF vs. IBIT - Dividend Comparison
NYF's dividend yield for the trailing twelve months is around 3.09%, while IBIT has not 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% |
NYF iShares New York Muni Bond ETF | 3.09% | 2.99% | 2.77% | 2.36% | 2.04% | 1.85% | 1.98% | 2.19% | 2.48% | 2.46% | 2.43% | 2.60% |
Frequently Asked Questions
NYF and IBIT have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.50%) compared to NYF (0.95%). In terms of maximum drawdown, NYF dropped -13.12% vs IBIT's -49.36%.
On 1-year performance, NYF leads with 6.81% vs -38.74% for IBIT. Both ETFs have the same 0.25% expense ratio. On volatility, NYF has been the lower-risk option at 0.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NYF has performed better with a 6.81% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NYF and IBIT have the same expense ratio: 0.25% per year.
NYF has the higher dividend yield at 3.09%, compared with 0.00% for IBIT.
NYF is categorized as Municipal Bonds, while IBIT is Cryptocurrency. NYF tracks S&P New York AMT-Free Municipal Bond Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant.
NYF currently has the higher Sharpe Ratio (2.46 vs -0.89), 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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