TECB vs. IBIT
TECB (iShares U.S. Tech Breakthrough Multisector ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - TECB is a Technology Equities fund tracking the NYSE FactSet U.S. Tech Breakthrough 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, TECB returned 21.00% vs -46.27% for IBIT. At a 0.42 correlation, their price movements are largely independent. TECB charges 0.40%/yr vs 0.25%/yr for IBIT.
Performance
TECB vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, TECB achieves a 15.34% return, which is significantly higher than IBIT's -26.79% return.
TECB
- 1D
- -1.31%
- 1M
- 0.34%
- 6M
- 15.80%
- YTD
- 15.34%
- 1Y
- 21.00%
- 3Y*
- 21.41%
- 5Y*
- 12.25%
- 10Y*
- —
IBIT
- 1D
- -0.11%
- 1M
- -0.03%
- 6M
- -32.98%
- YTD
- -26.79%
- 1Y
- -46.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TECB vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TECB iShares U.S. Tech Breakthrough Multisector ETF | 15.34% | 14.86% | 22.84% |
IBIT iShares Bitcoin Trust ETF | -26.79% | -6.41% | 89.87% |
Correlation
The correlation between TECB and IBIT is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.42 |
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Return for Risk
TECB vs. IBIT — Risk / Return Rank
TECB
IBIT
TECB vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Tech Breakthrough Multisector ETF (TECB) 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.
| TECB | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.19 | ||
| Sortino ratioReturn per unit of downside risk | +3.21 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.83 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | -0.87 | +2.17 |
| Martin ratioReturn relative to average drawdown | 3.65 | -1.39 | +5.04 |
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Drawdowns
TECB vs. IBIT - Drawdown Comparison
The maximum TECB drawdown since its inception was -41.62%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for TECB and IBIT.
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Drawdown Indicators
| TECB | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.62% | -53.30% | +11.68% |
Max Drawdown (1Y)Largest decline over 1 year | -16.24% | -53.30% | +37.06% |
Max Drawdown (3Y)Largest decline over 3 years | -23.91% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -41.62% | — | — |
Current DrawdownCurrent decline from peak | -5.34% | -49.01% | +43.67% |
Average DrawdownAverage peak-to-trough decline | -10.07% | -17.76% | +7.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.76% | 33.29% | -27.53% |
Volatility
TECB vs. IBIT - Volatility Comparison
The current volatility for iShares U.S. Tech Breakthrough Multisector ETF (TECB) is 5.33%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 10.80%. This indicates that TECB 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
| TECB | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 10.80% | -5.47% |
Volatility (6M)Calculated over the trailing 6-month period | 15.07% | 34.63% | -19.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.54% | 44.30% | -25.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.75% | 49.88% | -26.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.35% | 49.88% | -24.53% |
TECB vs. IBIT - Expense Ratio Comparison
TECB has a 0.40% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
TECB vs. IBIT - Dividend Comparison
TECB's dividend yield for the trailing twelve months is around 0.31%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TECB iShares U.S. Tech Breakthrough Multisector ETF | 0.31% | 0.33% | 0.35% | 0.23% | 0.61% | 0.35% | 0.77% |
Frequently Asked Questions
TECB and IBIT have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (10.80%) compared to TECB (5.33%). In terms of maximum drawdown, TECB dropped -41.62% vs IBIT's -53.30%.
On 1-year performance, TECB leads with 21.00% vs -46.27% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, TECB has been the lower-risk option at 5.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TECB has performed better with a 21.00% return vs -46.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.40% for TECB.
TECB has the higher dividend yield at 0.31%, compared with 0.00% for IBIT.
TECB is categorized as Technology Equities, while IBIT is Cryptocurrency. TECB tracks NYSE FactSet U.S. Tech Breakthrough Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.40% for TECB and 0.25% for IBIT.
TECB currently has the higher Sharpe Ratio (1.14 vs -1.05), 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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