VNO vs. IBIT
VNO (Vornado Realty Trust) 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, VNO returned 5.89% vs -44.68% for IBIT. At a 0.23 correlation, their price movements are largely independent.
Performance
VNO vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, VNO achieves a 19.41% return, which is significantly higher than IBIT's -25.70% return.
VNO
- 1D
- -1.49%
- 1M
- 5.10%
- 6M
- 18.10%
- YTD
- 19.41%
- 1Y
- 5.89%
- 3Y*
- 27.13%
- 5Y*
- 0.50%
- 10Y*
- -3.48%
- ALL TIME*
- 9.75%
IBIT
- 1D
- 1.49%
- 1M
- 3.57%
- 6M
- -31.99%
- YTD
- -25.70%
- 1Y
- -44.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.65%
VNO vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VNO Vornado Realty Trust | 19.41% | -19.09% | 51.32% |
IBIT iShares Bitcoin Trust ETF | -25.70% | -6.41% | 89.87% |
Correlation
The correlation between VNO and IBIT is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.23 |
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Return for Risk
VNO vs. IBIT — Risk / Return Rank
VNO
IBIT
VNO vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vornado Realty Trust (VNO) 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.
| VNO | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.83 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | -0.84 | +0.98 |
| Martin ratioReturn relative to average drawdown | 0.28 | -1.34 | +1.62 |
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Drawdowns
VNO vs. IBIT - Drawdown Comparison
The maximum VNO drawdown since its inception was -80.89%, which is greater than IBIT's maximum drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for VNO and IBIT.
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Drawdown Indicators
| VNO | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.89% | -53.30% | -27.59% |
Max Drawdown (1Y)Largest decline over 1 year | -41.22% | -53.30% | +12.08% |
Max Drawdown (3Y)Largest decline over 3 years | -43.88% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -71.63% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -80.89% | — | — |
Current DrawdownCurrent decline from peak | -35.57% | -48.25% | +12.68% |
Average DrawdownAverage peak-to-trough decline | -20.64% | -17.81% | -2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.21% | 33.42% | -12.21% |
Volatility
VNO vs. IBIT - Volatility Comparison
The current volatility for Vornado Realty Trust (VNO) is 8.20%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 10.67%. This indicates that VNO 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
| VNO | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.20% | 10.67% | -2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 24.65% | 34.60% | -9.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.18% | 44.40% | -11.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.65% | 49.85% | -8.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.24% | 49.85% | -10.61% |
Dividends
VNO vs. IBIT - Dividend Comparison
VNO's dividend yield for the trailing twelve months is around 1.86%, 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% |
VNO Vornado Realty Trust | 1.86% | 2.22% | 1.76% | 2.39% | 10.19% | 5.06% | 6.37% | 6.90% | 4.06% | 3.00% | 2.41% | 14.41% |
Frequently Asked Questions
VNO and IBIT have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (10.67%) compared to VNO (8.20%). In terms of maximum drawdown, VNO dropped -80.89% vs IBIT's -53.30%.
VNO currently has the higher Sharpe Ratio (0.18 vs -1.01), 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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