SYSB vs. IBIT
SYSB (iShares Systematic Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - SYSB is a Intermediate Core-Plus Bond fund tracking the BlackRock Universal Systematic Bond 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, SYSB returned 2.56% vs -44.50% for IBIT. Their 0.17 correlation means their historical movements had little consistent relationship. Both charge a 0.25% expense ratio.
Performance
SYSB vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, SYSB achieves a -0.64% return, which is significantly higher than IBIT's -28.22% return.
SYSB
- 1D
- -0.22%
- 1M
- -1.31%
- 6M
- -0.94%
- YTD
- -0.64%
- 1Y
- 2.56%
- 3Y*
- 6.36%
- 5Y*
- 1.13%
- 10Y*
- 2.10%
- ALL TIME*
- 2.28%
IBIT
- 1D
- -2.89%
- 1M
- 2.21%
- 6M
- -24.95%
- YTD
- -28.22%
- 1Y
- -44.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.30B | $1.34B | $1.68B | |
| $4.79M | $5.34M | $7.44M |
SYSB vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SYSB iShares Systematic Bond ETF | -0.64% | 8.32% | 6.41% |
IBIT iShares Bitcoin Trust ETF | -28.22% | -6.41% | 89.87% |
Correlation
The correlation between SYSB and IBIT is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.17 |
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Return for Risk
SYSB vs. IBIT — Risk / Return Rank
SYSB
IBIT
SYSB vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Systematic Bond ETF (SYSB) 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.
| SYSB | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.81 | ||
| Sortino ratioReturn per unit of downside risk | +2.68 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.83 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | -0.87 | +1.91 |
| Martin ratioReturn relative to average drawdown | 2.61 | -1.34 | +3.95 |
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Drawdowns
SYSB vs. IBIT - Drawdown Comparison
The maximum SYSB drawdown since its inception was -18.47%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for SYSB and IBIT.
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Drawdown Indicators
| SYSB | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.47% | -53.30% | +34.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -53.30% | +50.31% |
Max Drawdown (3Y)Largest decline over 3 years | -2.99% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.47% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -18.47% | — | — |
Current DrawdownCurrent decline from peak | -2.47% | -50.01% | +47.54% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -18.24% | +14.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 34.66% | -33.47% |
Volatility
SYSB vs. IBIT - Volatility Comparison
The current volatility for iShares Systematic Bond ETF (SYSB) is 1.06%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.21%. This indicates that SYSB 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
| SYSB | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 9.21% | -8.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 33.74% | -30.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.06% | 44.46% | -40.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.66% | 49.60% | -43.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.93% | 49.60% | -44.67% |
SYSB vs. IBIT - Expense Ratio Comparison
Both SYSB and IBIT have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SYSB vs. IBIT - Dividend Comparison
SYSB's dividend yield for the trailing twelve months is around 4.61%, 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% |
SYSB iShares Systematic Bond ETF | 4.21% | 4.78% | 5.04% | 4.44% | 3.27% | 1.92% | 2.57% | 3.27% | 3.61% | 2.74% | 2.92% | 2.26% |
Frequently Asked Questions
SYSB and IBIT have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.21%) compared to SYSB (1.06%). In terms of maximum drawdown, SYSB dropped -18.47% vs IBIT's -53.30%.
On 1-year performance, SYSB leads with 2.56% vs -44.50% for IBIT. Both ETFs have the same 0.25% expense ratio. On volatility, SYSB has been the lower-risk option at 1.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SYSB has performed better with a 2.56% return vs -44.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SYSB and IBIT have the same expense ratio: 0.25% per year.
SYSB has the higher dividend yield at 4.21%, compared with 0.00% for IBIT.
SYSB is categorized as Intermediate Core-Plus Bond, while IBIT is Cryptocurrency. SYSB tracks BlackRock Universal Systematic Bond Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant.
SYSB currently has the higher Sharpe Ratio (0.77 vs -1.04), 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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