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 23.98% vs -39.60% for IBIT. At a 0.18 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 8.79% return, which is significantly higher than IBIT's -27.45% return.
PLGO
- 1D
- -1.72%
- 1M
- 1.59%
- YTD
- 8.79%
- 6M
- 16.46%
- 1Y
- 23.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -2.65%
- 1M
- -22.17%
- YTD
- -27.45%
- 6M
- -31.40%
- 1Y
- -39.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLGO vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PLGO Pelagos Insurance Capital Limited | 8.79% | 11.20% | 51.46% |
IBIT iShares Bitcoin Trust ETF | -27.45% | -6.41% | 99.21% |
Correlation
The correlation between PLGO and IBIT is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.18 |
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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.
| PLGO | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.74 | ||
| Sortino ratioReturn per unit of downside risk | +2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.86 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | -0.80 | +2.31 |
| Martin ratioReturn relative to average drawdown | 4.61 | -1.39 | +6.00 |
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
| PLGO | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | -0.91 | +1.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.27 | +0.38 |
Drawdowns
PLGO vs. IBIT - Drawdown Comparison
The maximum PLGO drawdown since its inception was -29.91%, smaller than the maximum IBIT drawdown of -49.47%. 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% | -49.47% | +19.56% |
Max Drawdown (1Y)Largest decline over 1 year | -15.99% | -49.47% | +33.48% |
Current DrawdownCurrent decline from peak | -10.70% | -49.47% | +38.77% |
Average DrawdownAverage peak-to-trough decline | -10.68% | -16.07% | +5.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.21% | 28.61% | -23.40% |
Volatility
PLGO vs. IBIT - Volatility Comparison
Pelagos Insurance Capital Limited (PLGO) has a higher volatility of 16.22% compared to iShares Bitcoin Trust ETF (IBIT) at 9.14%. This indicates that PLGO's price experiences larger fluctuations and is considered to be riskier 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 | 16.22% | 9.14% | +7.08% |
Volatility (6M)Calculated over the trailing 6-month period | 21.17% | 33.89% | -12.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.01% | 43.76% | -14.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.20% | 50.18% | -17.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.20% | 50.18% | -17.98% |
Dividends
PLGO vs. IBIT - Dividend Comparison
PLGO's dividend yield for the trailing twelve months is around 2.60%, 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 | 2.60% | 2.55% | 2.21% |
Frequently Asked Questions
PLGO and IBIT have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLGO has higher volatility (16.22%) compared to IBIT (9.14%). In terms of maximum drawdown, PLGO dropped -29.91% vs IBIT's -49.47%.
PLGO currently has the higher Sharpe Ratio (0.83 vs -0.91), 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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