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 -62.48% vs -44.50% for IBIT. Their 0.21 correlation means their historical movements had little consistent relationship.
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 -28.18% return and IBIT slightly lower at -28.22%.
TWAV
- 1D
- 10.17%
- 1M
- -9.09%
- 6M
- -16.67%
- YTD
- -28.18%
- 1Y
- -62.48%
- 3Y*
- -70.38%
- 5Y*
- -75.78%
- 10Y*
- -51.94%
- ALL TIME*
- -32.97%
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 | |
TWAV TaoWeave, Inc. | $74.91K | $75.67K | $1.91M |
TWAV vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TWAV TaoWeave, Inc. | -28.18% | -53.35% | -34.10% |
IBIT iShares Bitcoin Trust ETF | -28.22% | -6.41% | 89.87% |
Correlation
The correlation between TWAV and IBIT is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.21 |
Over the past year, TWAV and IBIT have become more correlated (0.41) than their long-term average of 0.21, meaning their price movements have been converging.
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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 | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.83 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.87 | +0.08 |
| Martin ratioReturn relative to average drawdown | -1.25 | -1.34 | +0.09 |
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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 -53.30%. 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% | -53.30% | -46.70% |
Max Drawdown (1Y)Largest decline over 1 year | -82.73% | -53.30% | -29.43% |
Max Drawdown (3Y)Largest decline over 3 years | -98.49% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -99.96% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -50.01% | -49.99% |
Average DrawdownAverage peak-to-trough decline | -87.21% | -18.24% | -68.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.34% | 34.66% | +17.68% |
Volatility
TWAV vs. IBIT - Volatility Comparison
TaoWeave, Inc. (TWAV) has a higher volatility of 23.03% compared to iShares Bitcoin Trust ETF (IBIT) at 9.21%. 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 | 23.03% | 9.21% | +13.82% |
Volatility (6M)Calculated over the trailing 6-month period | 82.38% | 33.74% | +48.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 104.79% | 44.46% | +60.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 156.27% | 49.60% | +106.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 140.66% | 49.60% | +91.06% |
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 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TWAV has higher volatility (23.03%) compared to IBIT (9.21%). In terms of maximum drawdown, TWAV dropped -100.00% vs IBIT's -53.30%.
TWAV currently has the higher Sharpe Ratio (-0.62 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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