SYSB vs. IBIT

Last updated Jul 14, 2026

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 3.91% vs -47.60% for IBIT. At a 0.16 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.

Performance

SYSB vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Systematic Bond ETF (SYSB) and iShares Bitcoin Trust ETF (IBIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SYSB achieves a -0.22% return, which is significantly higher than IBIT's -29.06% return.

SYSB

• 1D: -0.36%
• 1M: -0.62%
• 6M: -0.47%
• YTD: -0.22%
• 1Y: 3.91%
• 3Y*: 6.43%
• 5Y*: 1.34%
• 10Y*: 2.14%

IBIT

• 1D: -2.79%
• 1M: -2.28%
• 6M: -32.10%
• YTD: -29.06%
• 1Y: -47.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SYSB vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SYSB iShares Systematic Bond ETF	-0.22%	8.32%	6.41%
IBIT iShares Bitcoin Trust ETF	-29.06%	-6.41%	89.87%

Correlation

The correlation between SYSB and IBIT is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.16

Return for Risk

SYSB vs. IBIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SYSB

SYSB Risk / Return Rank: 32
SYSB Sharpe Ratio Rank: 34
SYSB Sortino Ratio Rank: 32
SYSB Omega Ratio Rank: 31
SYSB Calmar Ratio Rank: 32
SYSB Martin Ratio Rank: 31

IBIT

IBIT Risk / Return Rank: 1
IBIT Sharpe Ratio Rank: 1
IBIT Sortino Ratio Rank: 1
IBIT Omega Ratio Rank: 1
IBIT Calmar Ratio Rank: 1
IBIT Martin Ratio Rank: 1

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.

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 ratio: Return per unit of total volatility	0.98	-1.08	+2.06
Sortino ratio: Return per unit of downside risk	1.42	-1.65	+3.07
Omega ratio: Gain probability vs. loss probability	1.17	0.82	+0.35
Calmar ratio: Return relative to maximum drawdown	1.31	-0.90	+2.21
Martin ratio: Return relative to average drawdown	3.61	-1.46	+5.07

SYSB vs. IBIT - Sharpe Ratio Comparison

The current SYSB Sharpe Ratio is 0.98, which is higher than the IBIT Sharpe Ratio of -1.08. The chart below compares the historical Sharpe Ratios of SYSB 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.

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.

Drawdown Indicators

	SYSB	IBIT	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-2.07%	-50.60%	+48.53%
Average Drawdown Average peak-to-trough decline	-3.26%	-17.56%	+14.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	32.72%	-31.64%

Volatility

SYSB vs. IBIT - Volatility Comparison

The current volatility for iShares Systematic Bond ETF (SYSB) is 1.31%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 11.51%. 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.

Volatility by Period

	SYSB	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.31%	11.51%	-10.20%
Volatility (6M) Calculated over the trailing 6-month period	3.19%	34.79%	-31.60%
Volatility (1Y) Calculated over the trailing 1-year period	4.00%	44.38%	-40.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.65%	49.97%	-44.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.93%	49.97%	-45.04%

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 4.59%, 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	4.59%	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

Can I hold both SYSB and IBIT in my portfolio?

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.

Which is riskier, SYSB or IBIT?

IBIT has higher volatility (11.51%) compared to SYSB (1.31%). In terms of maximum drawdown, SYSB dropped -18.47% vs IBIT's -53.30%.

Which ETF is better, SYSB or IBIT?

On 1-year performance, SYSB leads with 3.91% vs -47.60% for IBIT. Both ETFs have the same 0.25% expense ratio. On volatility, SYSB has been the lower-risk option at 1.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SYSB or IBIT?

Over the 1-year period, SYSB has performed better with a 3.91% return vs -47.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SYSB or IBIT?

SYSB and IBIT have the same expense ratio: 0.25% per year.

Which ETF pays a higher dividend yield, SYSB or IBIT?

SYSB has the higher dividend yield at 4.59%, compared with 0.00% for IBIT.

What is the main difference between SYSB and 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.

Which has better risk-adjusted returns?

SYSB currently has the higher Sharpe Ratio (0.98 vs -1.08), 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.