QLTA vs. IBIT
QLTA (iShares Aaa - A Rated Corporate Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - QLTA is a Corporate Bonds fund tracking the Bloomberg U.S. Corporate Aaa - A Capped Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, QLTA returned 4.61% vs -39.82% for IBIT. At a 0.08 correlation, their price movements are largely independent. QLTA charges 0.15%/yr vs 0.25%/yr for IBIT.
Performance
QLTA vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, QLTA achieves a 0.56% return, which is significantly higher than IBIT's -28.88% return.
QLTA
- 1D
- 0.15%
- 1M
- 0.77%
- YTD
- 0.56%
- 6M
- 0.63%
- 1Y
- 4.61%
- 3Y*
- 4.49%
- 5Y*
- -0.03%
- 10Y*
- 1.96%
IBIT
- 1D
- -3.26%
- 1M
- -17.81%
- YTD
- -28.88%
- 6M
- -28.88%
- 1Y
- -39.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QLTA vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QLTA iShares Aaa - A Rated Corporate Bond ETF | 0.56% | 7.36% | 2.12% |
IBIT iShares Bitcoin Trust ETF | -28.88% | -6.41% | 89.87% |
Correlation
The correlation between QLTA and IBIT is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.08 |
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Return for Risk
QLTA vs. IBIT — Risk / Return Rank
QLTA
IBIT
QLTA vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Aaa - A Rated Corporate Bond ETF (QLTA) 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.
| QLTA | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.97 | ||
| Sortino ratioReturn per unit of downside risk | +2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.86 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | -0.77 | +2.41 |
| Martin ratioReturn relative to average drawdown | 4.77 | -1.30 | +6.07 |
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Drawdowns
QLTA vs. IBIT - Drawdown Comparison
The maximum QLTA drawdown since its inception was -22.27%, smaller than the maximum IBIT drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for QLTA and IBIT.
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Drawdown Indicators
| QLTA | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.27% | -52.11% | +29.84% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -52.11% | +49.30% |
Max Drawdown (3Y)Largest decline over 3 years | -6.66% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.27% | — | — |
Current DrawdownCurrent decline from peak | -3.17% | -50.47% | +47.30% |
Average DrawdownAverage peak-to-trough decline | -4.67% | -16.85% | +12.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 30.58% | -29.61% |
Volatility
QLTA vs. IBIT - Volatility Comparison
The current volatility for iShares Aaa - A Rated Corporate Bond ETF (QLTA) is 1.19%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.18%. This indicates that QLTA 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
| QLTA | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 13.18% | -11.99% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 34.64% | -31.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.35% | 44.31% | -39.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.22% | 50.22% | -43.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.02% | 50.22% | -43.20% |
QLTA vs. IBIT - Expense Ratio Comparison
QLTA has a 0.15% expense ratio, which is lower than IBIT's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
QLTA vs. IBIT - Dividend Comparison
QLTA's dividend yield for the trailing twelve months is around 4.46%, 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% |
QLTA iShares Aaa - A Rated Corporate Bond ETF | 4.46% | 4.33% | 4.11% | 3.39% | 2.79% | 1.96% | 2.31% | 2.99% | 3.09% | 2.67% | 2.59% | 2.99% |
Frequently Asked Questions
QLTA and IBIT have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (13.18%) compared to QLTA (1.19%). In terms of maximum drawdown, QLTA dropped -22.27% vs IBIT's -52.11%.
On 1-year performance, QLTA leads with 4.61% vs -39.82% for IBIT. On fees, QLTA is cheaper at 0.15% per year. On volatility, QLTA has been the lower-risk option at 1.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QLTA has performed better with a 4.61% return vs -39.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QLTA is cheaper with a 0.15% expense ratio, compared with 0.25% for IBIT.
QLTA has the higher dividend yield at 4.46%, compared with 0.00% for IBIT.
QLTA is categorized as Corporate Bonds, while IBIT is Cryptocurrency. QLTA tracks Bloomberg U.S. Corporate Aaa - A Capped Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.15% for QLTA and 0.25% for IBIT.
QLTA currently has the higher Sharpe Ratio (1.07 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.
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