USIG vs. IBIT
USIG (iShares Broad USD Investment Grade Corporate Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - USIG is a Corporate Bonds fund tracking the ICE BofA US Corporate, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, USIG returned 2.56% vs -44.19% for IBIT. Their 0.10 correlation means their historical movements had little consistent relationship. USIG charges 0.04%/yr vs 0.25%/yr for IBIT.
Performance
USIG vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, USIG achieves a 0.15% return, which is significantly higher than IBIT's -26.71% return.
USIG
- 1D
- 0.43%
- 1M
- -0.87%
- 6M
- -0.15%
- YTD
- 0.15%
- 1Y
- 2.56%
- 3Y*
- 5.38%
- 5Y*
- 0.13%
- 10Y*
- 2.38%
- ALL TIME*
- 3.89%
IBIT
- 1D
- 0.64%
- 1M
- 4.36%
- 6M
- -15.96%
- YTD
- -26.71%
- 1Y
- -44.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.29B | $1.33B | $1.64B | |
| $95.47M | $108.96M | $98.76M |
USIG vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 0.15% | 7.86% | 3.39% |
IBIT iShares Bitcoin Trust ETF | -26.71% | -6.41% | 89.87% |
Correlation
The correlation between USIG and IBIT is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.10 |
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Return for Risk
USIG vs. IBIT — Risk / Return Rank
USIG
IBIT
USIG vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD Investment Grade Corporate Bond ETF (USIG) 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.
| USIG | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.64 | ||
| Sortino ratioReturn per unit of downside risk | +2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.84 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | -0.83 | +1.75 |
| Martin ratioReturn relative to average drawdown | 2.61 | -1.27 | +3.88 |
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Drawdowns
USIG vs. IBIT - Drawdown Comparison
The maximum USIG drawdown since its inception was -22.21%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for USIG and IBIT.
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Drawdown Indicators
| USIG | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.21% | -53.30% | +31.09% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -53.30% | +50.51% |
Max Drawdown (3Y)Largest decline over 3 years | -4.97% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.45% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.45% | — | — |
Current DrawdownCurrent decline from peak | -1.37% | -48.95% | +47.58% |
Average DrawdownAverage peak-to-trough decline | -3.40% | -18.34% | +14.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 34.94% | -33.96% |
Volatility
USIG vs. IBIT - Volatility Comparison
The current volatility for iShares Broad USD Investment Grade Corporate Bond ETF (USIG) is 1.18%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.29%. This indicates that USIG 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
| USIG | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 8.29% | -7.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.25% | 33.07% | -29.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 44.40% | -40.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.82% | 49.53% | -42.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.83% | 49.53% | -42.70% |
USIG vs. IBIT - Expense Ratio Comparison
USIG has a 0.04% expense ratio, which is lower than IBIT's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
USIG vs. IBIT - Dividend Comparison
USIG's dividend yield for the trailing twelve months is around 4.82%, 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% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.82% | 4.62% | 4.51% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 2.87% | 3.24% |
Frequently Asked Questions
USIG 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.
IBIT has higher volatility (8.29%) compared to USIG (1.18%). In terms of maximum drawdown, USIG dropped -22.21% vs IBIT's -53.30%.
On 1-year performance, USIG leads with 2.56% vs -44.19% for IBIT. On fees, USIG is cheaper at 0.04% per year. On volatility, USIG has been the lower-risk option at 1.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USIG has performed better with a 2.56% return vs -44.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USIG is cheaper with a 0.04% expense ratio, compared with 0.25% for IBIT.
USIG has the higher dividend yield at 4.82%, compared with 0.00% for IBIT.
USIG is categorized as Corporate Bonds, while IBIT is Cryptocurrency. USIG tracks ICE BofA US Corporate, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.04% for USIG and 0.25% for IBIT.
USIG currently has the higher Sharpe Ratio (0.64 vs -1.00), 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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