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 26.24% vs -39.82% 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 14.50% return, which is significantly higher than IBIT's -28.88% return.
TECB
- 1D
- -1.74%
- 1M
- -1.20%
- YTD
- 14.50%
- 6M
- 13.00%
- 1Y
- 26.24%
- 3Y*
- 23.75%
- 5Y*
- 12.38%
- 10Y*
- —
IBIT
- 1D
- -3.26%
- 1M
- -17.81%
- YTD
- -28.88%
- 6M
- -28.88%
- 1Y
- -39.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TECB vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TECB iShares U.S. Tech Breakthrough Multisector ETF | 14.50% | 14.86% | 22.84% |
IBIT iShares Bitcoin Trust ETF | -28.88% | -6.41% | 89.87% |
Correlation
The correlation between TECB and IBIT is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
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 | +2.34 | ||
| Sortino ratioReturn per unit of downside risk | +3.24 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.86 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | -0.77 | +2.39 |
| Martin ratioReturn relative to average drawdown | 4.64 | -1.30 | +5.95 |
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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 -52.11%. 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% | -52.11% | +10.49% |
Max Drawdown (1Y)Largest decline over 1 year | -16.24% | -52.11% | +35.87% |
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 | -6.03% | -50.47% | +44.44% |
Average DrawdownAverage peak-to-trough decline | -10.14% | -16.85% | +6.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.67% | 30.58% | -24.91% |
Volatility
TECB vs. IBIT - Volatility Comparison
The current volatility for iShares U.S. Tech Breakthrough Multisector ETF (TECB) is 8.36%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.18%. 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 | 8.36% | 13.18% | -4.82% |
Volatility (6M)Calculated over the trailing 6-month period | 14.80% | 34.64% | -19.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.34% | 44.31% | -25.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.70% | 50.22% | -26.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.43% | 50.22% | -24.79% |
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 0.49, 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 TECB (8.36%). In terms of maximum drawdown, TECB dropped -41.62% vs IBIT's -52.11%.
On 1-year performance, TECB leads with 26.24% vs -39.82% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, TECB has been the lower-risk option at 8.36%. 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 26.24% return vs -39.82%. 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 (1.44 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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