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 4.85% vs -44.36% for IBIT. At a 0.10 correlation, their price movements are largely independent. 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 0.36% return, which is significantly higher than IBIT's -25.86% return.
USIG
- 1D
- 0.26%
- 1M
- -0.51%
- 6M
- -0.20%
- YTD
- 0.36%
- 1Y
- 4.85%
- 3Y*
- 5.24%
- 5Y*
- 0.30%
- 10Y*
- 2.41%
IBIT
- 1D
- 0.63%
- 1M
- -2.46%
- 6M
- -33.60%
- YTD
- -25.86%
- 1Y
- -44.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USIG vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 0.36% | 7.86% | 3.39% |
IBIT iShares Bitcoin Trust ETF | -25.86% | -6.41% | 89.87% |
Correlation
The correlation between USIG and IBIT is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
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 | +2.19 | ||
| Sortino ratioReturn per unit of downside risk | +3.21 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.84 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | -0.83 | +2.58 |
| Martin ratioReturn relative to average drawdown | 5.43 | -1.35 | +6.78 |
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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 | -6.10% | — | — |
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 | -1.16% | -48.37% | +47.21% |
Average DrawdownAverage peak-to-trough decline | -3.40% | -17.66% | +14.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 33.00% | -32.11% |
Volatility
USIG vs. IBIT - Volatility Comparison
The current volatility for iShares Broad USD Investment Grade Corporate Bond ETF (USIG) is 1.16%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 11.83%. 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 | 1.16% | 11.83% | -10.67% |
Volatility (6M)Calculated over the trailing 6-month period | 3.23% | 35.00% | -31.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 44.46% | -40.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.82% | 49.95% | -43.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.83% | 49.95% | -43.12% |
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 4.78%, 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 | 4.78% | 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 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (11.83%) compared to USIG (1.16%). In terms of maximum drawdown, USIG dropped -22.21% vs IBIT's -53.30%.
On 1-year performance, USIG leads with 4.85% vs -44.36% for IBIT. On fees, USIG is cheaper at 0.04% per year. On volatility, USIG has been the lower-risk option at 1.16%. 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 4.85% return vs -44.36%. 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 4.78%, 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 (1.19 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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