PLGO vs. IBIT
PLGO (Pelagos Insurance Capital Limited) 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, PLGO returned 55.79% vs -45.30% for IBIT. At a 0.16 correlation, their price movements are largely independent.
Performance
PLGO vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, PLGO achieves a 23.23% return, which is significantly higher than IBIT's -32.49% return.
PLGO
- 1D
- -0.54%
- 1M
- 5.61%
- YTD
- 23.23%
- 6M
- 22.91%
- 1Y
- 55.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -1.03%
- 1M
- -22.03%
- YTD
- -32.49%
- 6M
- -32.23%
- 1Y
- -45.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLGO vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PLGO Pelagos Insurance Capital Limited | 23.23% | 11.20% | 53.60% |
IBIT iShares Bitcoin Trust ETF | -32.49% | -6.41% | 89.87% |
Correlation
The correlation between PLGO and IBIT is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.16 |
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Return for Risk
PLGO vs. IBIT — Risk / Return Rank
PLGO
IBIT
PLGO vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pelagos Insurance Capital Limited (PLGO) 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.
| PLGO | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.98 | ||
| Sortino ratioReturn per unit of downside risk | +4.62 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.83 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 4.79 | -0.86 | +5.65 |
| Martin ratioReturn relative to average drawdown | 14.30 | -1.47 | +15.77 |
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Drawdowns
PLGO vs. IBIT - Drawdown Comparison
The maximum PLGO drawdown since its inception was -29.91%, smaller than the maximum IBIT drawdown of -52.98%. Use the drawdown chart below to compare losses from any high point for PLGO and IBIT.
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Drawdown Indicators
| PLGO | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.91% | -52.98% | +23.07% |
Max Drawdown (1Y)Largest decline over 1 year | -11.70% | -52.98% | +41.28% |
Current DrawdownCurrent decline from peak | -0.54% | -52.98% | +52.44% |
Average DrawdownAverage peak-to-trough decline | -10.51% | -16.97% | +6.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 30.94% | -27.03% |
Volatility
PLGO vs. IBIT - Volatility Comparison
The current volatility for Pelagos Insurance Capital Limited (PLGO) is 7.87%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.43%. This indicates that PLGO 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
| PLGO | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.87% | 13.43% | -5.56% |
Volatility (6M)Calculated over the trailing 6-month period | 21.43% | 34.60% | -13.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.72% | 44.41% | -15.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.08% | 50.21% | -18.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.08% | 50.21% | -18.13% |
Dividends
PLGO vs. IBIT - Dividend Comparison
PLGO's dividend yield for the trailing twelve months is around 2.52%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% |
PLGO Pelagos Insurance Capital Limited | 2.52% | 2.55% | 2.21% |
Frequently Asked Questions
PLGO and IBIT have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (13.43%) compared to PLGO (7.87%). In terms of maximum drawdown, PLGO dropped -29.91% vs IBIT's -52.98%.
PLGO currently has the higher Sharpe Ratio (1.95 vs -1.02), 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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