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 5.58% vs -39.60% 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 0.73% return, which is significantly higher than IBIT's -27.45% return.
USIG
- 1D
- 0.18%
- 1M
- 0.46%
- YTD
- 0.73%
- 6M
- 0.73%
- 1Y
- 5.58%
- 3Y*
- 5.58%
- 5Y*
- 0.75%
- 10Y*
- 2.65%
IBIT
- 1D
- -2.65%
- 1M
- -22.17%
- YTD
- -27.45%
- 6M
- -31.40%
- 1Y
- -39.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USIG vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 0.73% | 7.86% | 2.88% |
IBIT iShares Bitcoin Trust ETF | -27.45% | -6.41% | 99.21% |
Correlation
The correlation between USIG and IBIT is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 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.
| USIG | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.28 | ||
| Sortino ratioReturn per unit of downside risk | +3.27 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.86 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | -0.80 | +2.81 |
| Martin ratioReturn relative to average drawdown | 6.53 | -1.39 | +7.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USIG | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | -0.91 | +2.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.27 | +0.27 |
Drawdowns
USIG vs. IBIT - Drawdown Comparison
The maximum USIG drawdown since its inception was -22.21%, smaller than the maximum IBIT drawdown of -49.47%. 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% | -49.47% | +27.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -49.47% | +46.68% |
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 | -0.79% | -49.47% | +48.68% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -16.07% | +12.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 28.61% | -27.75% |
Volatility
USIG vs. IBIT - Volatility Comparison
The current volatility for iShares Broad USD Investment Grade Corporate Bond ETF (USIG) is 1.25%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.14%. 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 | 1.25% | 9.14% | -7.89% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 33.89% | -30.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 43.76% | -39.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.82% | 50.18% | -43.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.82% | 50.18% | -43.36% |
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 4.73%, 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 | 4.73% | 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 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.14%) compared to USIG (1.25%). In terms of maximum drawdown, USIG dropped -22.21% vs IBIT's -49.47%.
On 1-year performance, USIG leads with 5.58% vs -39.60% for IBIT. On fees, USIG is cheaper at 0.04% per year. On volatility, USIG has been the lower-risk option at 1.25%. 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 5.58% return vs -39.60%. 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 4.73%, 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 (1.37 vs -0.91), 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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