QUAL vs. IBIT
QUAL (iShares MSCI USA Quality Factor ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - QUAL is a Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality 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, QUAL returned 21.68% vs -38.74% for IBIT. At a 0.36 correlation, their price movements are largely independent. QUAL charges 0.15%/yr vs 0.25%/yr for IBIT.
Performance
QUAL vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, QUAL achieves a 8.80% return, which is significantly higher than IBIT's -25.48% return.
QUAL
- 1D
- -0.07%
- 1M
- 4.62%
- YTD
- 8.80%
- 6M
- 8.86%
- 1Y
- 21.68%
- 3Y*
- 19.66%
- 5Y*
- 11.96%
- 10Y*
- 14.27%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QUAL vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QUAL iShares MSCI USA Quality Factor ETF | 8.80% | 12.65% | 21.56% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between QUAL and IBIT is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.36 |
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Return for Risk
QUAL vs. IBIT — Risk / Return Rank
QUAL
IBIT
QUAL vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Quality Factor ETF (QUAL) 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.
| QUAL | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.73 | ||
| Sortino ratioReturn per unit of downside risk | +3.85 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.86 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | -0.79 | +3.20 |
| Martin ratioReturn relative to average drawdown | 11.00 | -1.36 | +12.36 |
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
| QUAL | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | -0.89 | +2.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.30 | +0.50 |
Drawdowns
QUAL vs. IBIT - Drawdown Comparison
The maximum QUAL drawdown since its inception was -34.06%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for QUAL and IBIT.
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Drawdown Indicators
| QUAL | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.06% | -49.36% | +15.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.03% | -49.36% | +40.33% |
Max Drawdown (3Y)Largest decline over 3 years | -18.00% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.23% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.06% | — | — |
Current DrawdownCurrent decline from peak | -0.16% | -48.10% | +47.94% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -16.02% | +11.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 28.44% | -26.46% |
Volatility
QUAL vs. IBIT - Volatility Comparison
The current volatility for iShares MSCI USA Quality Factor ETF (QUAL) is 2.51%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that QUAL 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
| QUAL | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 9.50% | -6.99% |
Volatility (6M)Calculated over the trailing 6-month period | 9.03% | 34.44% | -25.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.83% | 43.73% | -31.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.33% | 50.19% | -32.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 50.19% | -32.09% |
QUAL vs. IBIT - Expense Ratio Comparison
QUAL 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
QUAL vs. IBIT - Dividend Comparison
QUAL's dividend yield for the trailing twelve months is around 0.88%, 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% |
QUAL iShares MSCI USA Quality Factor ETF | 0.88% | 0.94% | 1.02% | 1.23% | 1.59% | 1.20% | 1.39% | 1.60% | 2.00% | 1.76% | 1.96% | 1.63% |
Frequently Asked Questions
QUAL and IBIT have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.50%) compared to QUAL (2.51%). In terms of maximum drawdown, QUAL dropped -34.06% vs IBIT's -49.36%.
On 1-year performance, QUAL leads with 21.68% vs -38.74% for IBIT. On fees, QUAL is cheaper at 0.15% per year. On volatility, QUAL has been the lower-risk option at 2.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QUAL has performed better with a 21.68% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QUAL is cheaper with a 0.15% expense ratio, compared with 0.25% for IBIT.
QUAL has the higher dividend yield at 0.88%, compared with 0.00% for IBIT.
QUAL is categorized as Large Cap Blend Equities, while IBIT is Cryptocurrency. QUAL tracks MSCI USA Sector Neutral Quality Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.15% for QUAL and 0.25% for IBIT.
QUAL currently has the higher Sharpe Ratio (1.84 vs -0.89), 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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