PICK vs. IBIT
PICK (iShares MSCI Global Metals & Mining Producers ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - PICK is a Metals fund tracking the MSCI ACWI Select Metals & Mining Producers ex Gold and Silver Investable Market 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, PICK returned 69.31% vs -39.82% for IBIT. At a 0.32 correlation, their price movements are largely independent. PICK charges 0.39%/yr vs 0.25%/yr for IBIT.
Performance
PICK vs. IBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PICK achieves a 17.36% return, which is significantly higher than IBIT's -28.88% return.
PICK
- 1D
- -4.38%
- 1M
- -5.22%
- YTD
- 17.36%
- 6M
- 17.02%
- 1Y
- 69.31%
- 3Y*
- 18.27%
- 5Y*
- 10.54%
- 10Y*
- 16.67%
IBIT
- 1D
- -3.26%
- 1M
- -17.81%
- YTD
- -28.88%
- 6M
- -28.88%
- 1Y
- -39.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PICK vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PICK iShares MSCI Global Metals & Mining Producers ETF | 17.36% | 51.89% | -12.06% |
IBIT iShares Bitcoin Trust ETF | -28.88% | -6.41% | 89.87% |
Correlation
The correlation between PICK and IBIT is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.32 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PICK vs. IBIT — Risk / Return Rank
PICK
IBIT
PICK vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Metals & Mining Producers ETF (PICK) 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.
| PICK | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.21 | ||
| Sortino ratioReturn per unit of downside risk | +4.05 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.86 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | -0.77 | +4.33 |
| Martin ratioReturn relative to average drawdown | 13.38 | -1.30 | +14.68 |
Loading charts...
Drawdowns
PICK vs. IBIT - Drawdown Comparison
The maximum PICK drawdown since its inception was -68.87%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for PICK and IBIT.
Loading charts...
Drawdown Indicators
| PICK | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.87% | -52.11% | -16.76% |
Max Drawdown (1Y)Largest decline over 1 year | -19.54% | -52.11% | +32.57% |
Max Drawdown (3Y)Largest decline over 3 years | -32.52% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -36.37% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -52.72% | — | — |
Current DrawdownCurrent decline from peak | -12.59% | -50.47% | +37.88% |
Average DrawdownAverage peak-to-trough decline | -24.06% | -16.85% | -7.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.20% | 30.58% | -25.38% |
Volatility
PICK vs. IBIT - Volatility Comparison
iShares MSCI Global Metals & Mining Producers ETF (PICK) and iShares Bitcoin Trust ETF (IBIT) have volatilities of 13.12% and 13.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PICK | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.12% | 13.18% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 26.56% | 34.64% | -8.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.14% | 44.31% | -14.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.14% | 50.22% | -22.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.34% | 50.22% | -21.88% |
PICK vs. IBIT - Expense Ratio Comparison
PICK has a 0.39% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
PICK vs. IBIT - Dividend Comparison
PICK's dividend yield for the trailing twelve months is around 2.21%, 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% |
PICK iShares MSCI Global Metals & Mining Producers ETF | 2.21% | 2.88% | 3.26% | 4.19% | 6.93% | 5.89% | 2.27% | 5.51% | 4.77% | 2.41% | 1.15% | 15.77% |
Frequently Asked Questions
PICK and IBIT have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (13.18%) compared to PICK (13.12%). In terms of maximum drawdown, PICK dropped -68.87% vs IBIT's -52.11%.
On 1-year performance, PICK leads with 69.31% vs -39.82% for IBIT. On fees, IBIT is cheaper at 0.25% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PICK has performed better with a 69.31% return vs -39.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.39% for PICK.
PICK has the higher dividend yield at 2.21%, compared with 0.00% for IBIT.
PICK is categorized as Metals, while IBIT is Cryptocurrency. PICK tracks MSCI ACWI Select Metals & Mining Producers ex Gold and Silver Investable Market Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.39% for PICK and 0.25% for IBIT.
PICK currently has the higher Sharpe Ratio (2.31 vs -0.90), 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.
Find the right allocation for PICK and IBIT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer