PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
PRGSX vs. IBIT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PRGSX vs. IBIT

Last updated Jun 9, 2026

PRGSX (T. Rowe Price Global Stock Fund) and IBIT (iShares Bitcoin Trust ETF) are both funds - PRGSX is a Global Equities fund managed by T. Rowe Price, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, PRGSX returned 34.05% vs -39.44% for IBIT. At a 0.41 correlation, their price movements are largely independent. PRGSX charges 0.82%/yr vs 0.25%/yr for IBIT.

Performance

PRGSX vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Global Stock Fund (PRGSX) and iShares Bitcoin Trust ETF (IBIT). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, PRGSX achieves a 16.26% return, which is significantly higher than IBIT's -27.71% return.

PRGSX

1D
-5.35%
1M
0.01%
YTD
16.26%
6M
16.21%
1Y
34.05%
3Y*
21.75%
5Y*
8.62%
10Y*
16.13%

IBIT

1D
5.13%
1M
-21.03%
YTD
-27.71%
6M
-30.34%
1Y
-39.44%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PRGSX vs. IBIT - Yearly Performance Comparison

2026 (YTD)20252024
PRGSX
T. Rowe Price Global Stock Fund		16.26%21.42%17.60%
IBIT
iShares Bitcoin Trust ETF		-27.71%-6.41%89.87%

Correlation

The correlation between PRGSX and IBIT is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.49

Correlation (All Time)
Calculated using the full available price history since Jan 11, 2024

0.41

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

T. Rowe Price Global Stock Fund

iShares Bitcoin Trust ETF

Often compared with PRGSX:
PRGSX vs. VTSAXPRGSX vs. VTWAXPRGSX vs. FBGRXPRGSX vs. RPICXPRGSX vs. QQQPRGSX vs. FSPSXPRGSX vs. PRIDX
Often compared with IBIT:
IBIT vs. BTC-USDIBIT vs. FBTCIBIT vs. BITOIBIT vs. BITBIBIT vs. GBTCIBIT vs. BTCIIBIT vs. ARKB

Return for Risk

PRGSX vs. IBIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PRGSX
PRGSX Risk / Return Rank: 4848
Overall Rank
PRGSX Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
PRGSX Sortino Ratio Rank: 3838
Sortino Ratio Rank
PRGSX Omega Ratio Rank: 4343
Omega Ratio Rank
PRGSX Calmar Ratio Rank: 5757
Calmar Ratio Rank
PRGSX Martin Ratio Rank: 5959
Martin Ratio Rank
IBIT
IBIT Risk / Return Rank: 33
Overall Rank
IBIT Sharpe Ratio Rank: 22
Sharpe Ratio Rank
IBIT Sortino Ratio Rank: 33
Sortino Ratio Rank
IBIT Omega Ratio Rank: 33
Omega Ratio Rank
IBIT Calmar Ratio Rank: 33
Calmar Ratio Rank
IBIT Martin Ratio Rank: 22
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRGSX vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Global Stock Fund (PRGSX) 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.

PRGSXIBITDifference
Sharpe ratioReturn per unit of total volatility
1.88
-0.90

+2.78

Sortino ratioReturn per unit of downside risk
2.46
-1.24

+3.70

Omega ratioGain probability vs. loss probability

1.34

0.86

+0.48

Calmar ratioReturn relative to maximum drawdown

2.77

-0.76

+3.53

Martin ratioReturn relative to average drawdown

11.24

-1.36

+12.60

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRGSX vs. IBIT - Sharpe Ratio Comparison

The current PRGSX Sharpe Ratio is 1.88, which is higher than the IBIT Sharpe Ratio of -0.90. The chart below compares the historical Sharpe Ratios of PRGSX and IBIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

PRGSXIBITDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.88

-0.90

+2.78

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.44

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.82

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.26

+0.25

Drawdowns

PRGSX vs. IBIT - Drawdown Comparison

The maximum PRGSX drawdown since its inception was -64.06%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for PRGSX and IBIT.

Loading charts...

Drawdown Indicators

PRGSXIBITDifference

Max Drawdown

Largest peak-to-trough decline

-64.06%

-52.11%

-11.95%

Max Drawdown (1Y)

Largest decline over 1 year

-12.77%

-52.11%

+39.34%

Max Drawdown (3Y)

Largest decline over 3 years

-21.13%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-38.11%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-38.11%

—

—

Current Drawdown

Current decline from peak

-6.08%

-49.66%

+43.58%

Average Drawdown

Average peak-to-trough decline

-13.48%

-16.19%

+2.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.14%

28.97%

-25.83%

Volatility

PRGSX vs. IBIT - Volatility Comparison

The current volatility for T. Rowe Price Global Stock Fund (PRGSX) is 7.75%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 11.85%. This indicates that PRGSX 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

PRGSXIBITDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.75%

11.85%

-4.10%

Volatility (6M)

Calculated over the trailing 6-month period

15.88%

34.60%

-18.72%

Volatility (1Y)

Calculated over the trailing 1-year period

18.76%

44.28%

-25.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.80%

50.32%

-30.52%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.84%

50.32%

-30.48%

PRGSX vs. IBIT - Expense Ratio Comparison

PRGSX has a 0.82% expense ratio, which is higher than IBIT's 0.25% expense ratio.

Dividends

PRGSX vs. IBIT - Dividend Comparison

PRGSX's dividend yield for the trailing twelve months is around 8.26%, while IBIT has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
PRGSX
T. Rowe Price Global Stock Fund		8.26%9.60%6.73%0.27%0.00%13.67%5.67%2.21%5.81%0.03%0.63%0.33%

Frequently Asked Questions

PRGSX and IBIT have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IBIT has higher volatility (11.85%) compared to PRGSX (7.75%). In terms of maximum drawdown, PRGSX dropped -64.06% vs IBIT's -52.11%.

PRGSX currently has the higher Sharpe Ratio (1.88 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.

Portfolio Optimizer

Find the right allocation for PRGSX 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