PRIM vs. IBIT
PRIM (Primoris Services Corporation) 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, PRIM returned 34.20% vs -40.63% for IBIT. At a 0.30 correlation, their price movements are largely independent.
Performance
PRIM vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, PRIM achieves a -20.49% return, which is significantly higher than IBIT's -27.41% return.
PRIM
- 1D
- 4.39%
- 1M
- -12.65%
- YTD
- -20.49%
- 6M
- -21.78%
- 1Y
- 34.20%
- 3Y*
- 49.59%
- 5Y*
- 25.74%
- 10Y*
- 18.47%
IBIT
- 1D
- -0.03%
- 1M
- -20.12%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PRIM vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PRIM Primoris Services Corporation | -20.49% | 63.08% | 137.43% |
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
Correlation
The correlation between PRIM and IBIT is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.30 |
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Return for Risk
PRIM vs. IBIT — Risk / Return Rank
PRIM
IBIT
PRIM vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Primoris Services Corporation (PRIM) 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.
| PRIM | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.85 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | -0.78 | +1.42 |
| Martin ratioReturn relative to average drawdown | 2.08 | -1.37 | +3.45 |
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Drawdowns
PRIM vs. IBIT - Drawdown Comparison
The maximum PRIM drawdown since its inception was -68.51%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for PRIM and IBIT.
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Drawdown Indicators
| PRIM | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.51% | -52.11% | -16.40% |
Max Drawdown (1Y)Largest decline over 1 year | -53.74% | -52.11% | -1.63% |
Max Drawdown (3Y)Largest decline over 3 years | -53.74% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -53.74% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -65.73% | — | — |
Current DrawdownCurrent decline from peak | -51.38% | -49.45% | -1.93% |
Average DrawdownAverage peak-to-trough decline | -22.76% | -16.53% | -6.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.52% | 29.64% | -13.12% |
Volatility
PRIM vs. IBIT - Volatility Comparison
Primoris Services Corporation (PRIM) has a higher volatility of 25.85% compared to iShares Bitcoin Trust ETF (IBIT) at 12.07%. This indicates that PRIM'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
| PRIM | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.85% | 12.07% | +13.78% |
Volatility (6M)Calculated over the trailing 6-month period | 82.18% | 34.45% | +47.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.27% | 44.10% | +29.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.18% | 50.26% | -2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.40% | 50.26% | -4.86% |
Dividends
PRIM vs. IBIT - Dividend Comparison
PRIM's dividend yield for the trailing twelve months is around 0.32%, 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% |
PRIM Primoris Services Corporation | 0.32% | 0.26% | 0.34% | 0.72% | 1.09% | 1.00% | 0.87% | 1.08% | 1.25% | 0.83% | 0.97% | 0.93% |
Frequently Asked Questions
PRIM and IBIT have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRIM has higher volatility (25.85%) compared to IBIT (12.07%). In terms of maximum drawdown, PRIM dropped -68.51% vs IBIT's -52.11%.
PRIM currently has the higher Sharpe Ratio (0.47 vs -0.92), 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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