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 66.10% vs -46.35% for IBIT. At a 0.16 correlation, their price movements are largely independent.
Performance
PLGO vs. IBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PLGO achieves a 31.88% return, which is significantly higher than IBIT's -26.71% return.
PLGO
- 1D
- 2.66%
- 1M
- 7.71%
- 6M
- 38.76%
- YTD
- 31.88%
- 1Y
- 66.10%
- 3Y*
- 25.70%
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -1.14%
- 1M
- -2.10%
- 6M
- -32.61%
- YTD
- -26.71%
- 1Y
- -46.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLGO vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PLGO Pelagos Insurance Capital Limited | 31.88% | 11.20% | 53.60% |
IBIT iShares Bitcoin Trust ETF | -26.71% | -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 |
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
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 | +3.35 | ||
| Sortino ratioReturn per unit of downside risk | +5.10 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 0.82 | +0.60 |
| Calmar ratioReturn relative to maximum drawdown | 6.21 | -0.87 | +7.08 |
| Martin ratioReturn relative to average drawdown | 19.48 | -1.40 | +20.88 |
Loading charts...
Drawdowns
PLGO vs. IBIT - Drawdown Comparison
The maximum PLGO drawdown since its inception was -29.91%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for PLGO and IBIT.
Loading charts...
Drawdown Indicators
| PLGO | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.91% | -53.30% | +23.39% |
Max Drawdown (1Y)Largest decline over 1 year | -10.70% | -53.30% | +42.60% |
Max Drawdown (3Y)Largest decline over 3 years | -29.91% | — | — |
Current DrawdownCurrent decline from peak | -0.47% | -48.95% | +48.48% |
Average DrawdownAverage peak-to-trough decline | -10.35% | -17.71% | +7.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 33.14% | -29.74% |
Volatility
PLGO vs. IBIT - Volatility Comparison
The current volatility for Pelagos Insurance Capital Limited (PLGO) is 8.68%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 10.89%. 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.
Loading charts...
Volatility by Period
| PLGO | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.68% | 10.89% | -2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 22.44% | 34.83% | -12.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.91% | 44.38% | -15.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.09% | 49.92% | -17.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.09% | 49.92% | -17.83% |
Dividends
PLGO vs. IBIT - Dividend Comparison
PLGO's dividend yield for the trailing twelve months is around 2.36%, 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 | 2.36% | 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 (10.89%) compared to PLGO (8.68%). In terms of maximum drawdown, PLGO dropped -29.91% vs IBIT's -53.30%.
PLGO currently has the higher Sharpe Ratio (2.30 vs -1.05), 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 PLGO 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