OEF vs. IBIT
OEF (iShares S&P 100 ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - OEF is a Large Cap Blend Equities fund tracking the S&P 100 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, OEF returned 29.54% vs -38.74% for IBIT. At a 0.38 correlation, their price movements are largely independent. OEF charges 0.20%/yr vs 0.25%/yr for IBIT.
Performance
OEF vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, OEF achieves a 9.51% return, which is significantly higher than IBIT's -25.48% return.
OEF
- 1D
- -0.87%
- 1M
- 5.44%
- YTD
- 9.51%
- 6M
- 9.34%
- 1Y
- 29.54%
- 3Y*
- 24.53%
- 5Y*
- 15.70%
- 10Y*
- 16.71%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OEF vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
OEF iShares S&P 100 ETF | 9.51% | 19.80% | 29.92% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between OEF and IBIT is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.38 |
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Return for Risk
OEF vs. IBIT — Risk / Return Rank
OEF
IBIT
OEF vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 100 ETF (OEF) 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.
| OEF | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.22 | ||
| Sortino ratioReturn per unit of downside risk | +4.38 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.86 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | -0.79 | +3.47 |
| Martin ratioReturn relative to average drawdown | 11.29 | -1.36 | +12.66 |
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
| OEF | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | -0.89 | +3.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.30 | +0.15 |
Drawdowns
OEF vs. IBIT - Drawdown Comparison
The maximum OEF drawdown since its inception was -54.11%, which is greater than IBIT's maximum drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for OEF and IBIT.
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Drawdown Indicators
| OEF | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.11% | -49.36% | -4.75% |
Max Drawdown (1Y)Largest decline over 1 year | -11.06% | -49.36% | +38.30% |
Max Drawdown (3Y)Largest decline over 3 years | -19.80% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.47% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.44% | — | — |
Current DrawdownCurrent decline from peak | -0.94% | -48.10% | +47.16% |
Average DrawdownAverage peak-to-trough decline | -11.76% | -16.02% | +4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 28.44% | -25.82% |
Volatility
OEF vs. IBIT - Volatility Comparison
The current volatility for iShares S&P 100 ETF (OEF) is 3.14%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that OEF 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
| OEF | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 9.50% | -6.36% |
Volatility (6M)Calculated over the trailing 6-month period | 9.48% | 34.44% | -24.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.73% | 43.73% | -31.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.69% | 50.19% | -32.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.44% | 50.19% | -31.75% |
OEF vs. IBIT - Expense Ratio Comparison
OEF has a 0.20% expense ratio, which is lower than IBIT's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
OEF vs. IBIT - Dividend Comparison
OEF's dividend yield for the trailing twelve months is around 0.83%, 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% |
OEF iShares S&P 100 ETF | 0.83% | 0.81% | 1.03% | 1.19% | 1.55% | 1.06% | 1.43% | 1.87% | 2.09% | 1.81% | 2.07% | 2.11% |
Frequently Asked Questions
OEF and IBIT have a correlation of 0.46, 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 OEF (3.14%). In terms of maximum drawdown, OEF dropped -54.11% vs IBIT's -49.36%.
On 1-year performance, OEF leads with 29.54% vs -38.74% for IBIT. On fees, OEF is cheaper at 0.20% per year. On volatility, OEF has been the lower-risk option at 3.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, OEF has performed better with a 29.54% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OEF is cheaper with a 0.20% expense ratio, compared with 0.25% for IBIT.
OEF has the higher dividend yield at 0.83%, compared with 0.00% for IBIT.
OEF is categorized as Large Cap Blend Equities, while IBIT is Cryptocurrency. OEF tracks S&P 100 Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.20% for OEF and 0.25% for IBIT.
OEF currently has the higher Sharpe Ratio (2.33 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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