TWAV vs. IBIT
TWAV (TaoWeave, Inc.) is a stock, while IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, TWAV returned -65.12% vs -37.79% for IBIT. At a 0.21 correlation, their price movements are largely independent.
Performance
TWAV vs. IBIT - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TWAV having a -25.41% return and IBIT slightly lower at -26.49%.
TWAV
- 1D
- -10.00%
- 1M
- -7.53%
- YTD
- -25.41%
- 6M
- -40.00%
- 1Y
- -65.12%
- 3Y*
- -71.95%
- 5Y*
- -77.06%
- 10Y*
- -51.30%
IBIT
- 1D
- 2.47%
- 1M
- -15.04%
- YTD
- -26.49%
- 6M
- -27.13%
- 1Y
- -37.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TWAV vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TWAV TaoWeave, Inc. | -25.41% | -53.35% | -34.10% |
IBIT iShares Bitcoin Trust ETF | -26.49% | -6.41% | 89.87% |
Correlation
The correlation between TWAV and IBIT is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.21 |
The correlation between TWAV and IBIT shifts across timeframes, from 0.21 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TWAV vs. IBIT — Risk / Return Rank
TWAV
IBIT
TWAV vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TaoWeave, Inc. (TWAV) 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.
| TWAV | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.87 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | -0.73 | -0.02 |
| Martin ratioReturn relative to average drawdown | -1.10 | -1.24 | +0.14 |
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Drawdowns
TWAV vs. IBIT - Drawdown Comparison
The maximum TWAV drawdown since its inception was -100.00%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for TWAV and IBIT.
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Drawdown Indicators
| TWAV | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -52.11% | -47.89% |
Max Drawdown (1Y)Largest decline over 1 year | -87.40% | -52.11% | -35.29% |
Max Drawdown (3Y)Largest decline over 3 years | -98.91% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -99.97% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -48.80% | -51.20% |
Average DrawdownAverage peak-to-trough decline | -87.17% | -16.79% | -70.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.13% | 30.41% | +28.72% |
Volatility
TWAV vs. IBIT - Volatility Comparison
TaoWeave, Inc. (TWAV) has a higher volatility of 28.24% compared to iShares Bitcoin Trust ETF (IBIT) at 13.00%. This indicates that TWAV's price experiences larger fluctuations and is considered to be riskier 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
| TWAV | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.24% | 13.00% | +15.24% |
Volatility (6M)Calculated over the trailing 6-month period | 82.31% | 34.53% | +47.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 109.96% | 44.29% | +65.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 156.57% | 50.21% | +106.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 140.72% | 50.21% | +90.51% |
Dividends
TWAV vs. IBIT - Dividend Comparison
Neither TWAV nor IBIT has paid dividends to shareholders.
Frequently Asked Questions
TWAV and IBIT have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TWAV has higher volatility (28.24%) compared to IBIT (13.00%). In terms of maximum drawdown, TWAV dropped -100.00% vs IBIT's -52.11%.
TWAV currently has the higher Sharpe Ratio (-0.59 vs -0.86), 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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