OMAB vs. IBIT
OMAB (Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.) 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, OMAB returned 1.82% vs -40.63% for IBIT. At a 0.19 correlation, their price movements are largely independent.
Performance
OMAB vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, OMAB achieves a -3.71% return, which is significantly higher than IBIT's -27.41% return.
OMAB
- 1D
- 2.59%
- 1M
- -1.07%
- YTD
- -3.71%
- 6M
- -4.20%
- 1Y
- 1.82%
- 3Y*
- 11.21%
- 5Y*
- 22.34%
- 10Y*
- 13.30%
IBIT
- 1D
- -0.03%
- 1M
- -20.12%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OMAB vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
OMAB Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | -3.71% | 66.22% | -3.94% |
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
Correlation
The correlation between OMAB and IBIT is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.19 |
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Return for Risk
OMAB vs. IBIT — Risk / Return Rank
OMAB
IBIT
OMAB vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) 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.
| OMAB | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.85 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | -0.78 | +0.85 |
| Martin ratioReturn relative to average drawdown | 0.15 | -1.37 | +1.53 |
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Drawdowns
OMAB vs. IBIT - Drawdown Comparison
The maximum OMAB drawdown since its inception was -77.75%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for OMAB and IBIT.
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Drawdown Indicators
| OMAB | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.75% | -52.11% | -25.64% |
Max Drawdown (1Y)Largest decline over 1 year | -26.87% | -52.11% | +25.24% |
Max Drawdown (3Y)Largest decline over 3 years | -41.78% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -41.78% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -68.88% | — | — |
Current DrawdownCurrent decline from peak | -22.41% | -49.45% | +27.04% |
Average DrawdownAverage peak-to-trough decline | -22.70% | -16.53% | -6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.82% | 29.64% | -17.82% |
Volatility
OMAB vs. IBIT - Volatility Comparison
The current volatility for Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) is 8.11%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 12.07%. This indicates that OMAB 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
| OMAB | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.11% | 12.07% | -3.96% |
Volatility (6M)Calculated over the trailing 6-month period | 22.71% | 34.45% | -11.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.68% | 44.10% | -14.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.78% | 50.26% | -14.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.28% | 50.26% | -11.98% |
Dividends
OMAB vs. IBIT - Dividend Comparison
OMAB's dividend yield for the trailing twelve months is around 5.34%, 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% |
OMAB Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | 5.34% | 4.52% | 6.97% | 4.80% | 10.87% | 3.55% | 0.00% | 2.45% | 3.74% | 0.40% | 3.11% | 3.89% |
Frequently Asked Questions
OMAB and IBIT have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (12.07%) compared to OMAB (8.11%). In terms of maximum drawdown, OMAB dropped -77.75% vs IBIT's -52.11%.
OMAB currently has the higher Sharpe Ratio (0.06 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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