WULF vs. IBIT
WULF (TeraWulf 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, WULF returned 494.48% vs -39.44% for IBIT. At a 0.49 correlation, their price movements are largely independent.
Performance
WULF vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, WULF achieves a 125.07% return, which is significantly higher than IBIT's -27.71% return.
WULF
- 1D
- 7.75%
- 1M
- 10.56%
- YTD
- 125.07%
- 6M
- 72.86%
- 1Y
- 494.48%
- 3Y*
- 168.90%
- 5Y*
- 22.83%
- 10Y*
- 10.67%
IBIT
- 1D
- 5.13%
- 1M
- -21.03%
- YTD
- -27.71%
- 6M
- -30.34%
- 1Y
- -39.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WULF vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WULF TeraWulf Inc. | 125.07% | 103.00% | 166.98% |
IBIT iShares Bitcoin Trust ETF | -27.71% | -6.41% | 89.87% |
Correlation
The correlation between WULF and IBIT is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.49 |
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Return for Risk
WULF vs. IBIT — Risk / Return Rank
WULF
IBIT
WULF vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TeraWulf Inc. (WULF) 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.
| WULF | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.62 | ||
| Sortino ratioReturn per unit of downside risk | +5.51 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 0.86 | +0.65 |
| Calmar ratioReturn relative to maximum drawdown | 15.71 | -0.76 | +16.47 |
| Martin ratioReturn relative to average drawdown | 41.48 | -1.36 | +42.84 |
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
| WULF | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.72 | -0.90 | +5.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.26 | -0.15 |
Drawdowns
WULF vs. IBIT - Drawdown Comparison
The maximum WULF drawdown since its inception was -98.50%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for WULF and IBIT.
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Drawdown Indicators
| WULF | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.50% | -52.11% | -46.39% |
Max Drawdown (1Y)Largest decline over 1 year | -31.74% | -52.11% | +20.37% |
Max Drawdown (3Y)Largest decline over 3 years | -75.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -98.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -98.50% | — | — |
Current DrawdownCurrent decline from peak | -28.31% | -49.66% | +21.35% |
Average DrawdownAverage peak-to-trough decline | -46.67% | -16.19% | -30.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.00% | 28.97% | -16.97% |
Volatility
WULF vs. IBIT - Volatility Comparison
TeraWulf Inc. (WULF) has a higher volatility of 21.75% compared to iShares Bitcoin Trust ETF (IBIT) at 11.85%. This indicates that WULF'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
| WULF | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.75% | 11.85% | +9.90% |
Volatility (6M)Calculated over the trailing 6-month period | 64.60% | 34.60% | +30.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 105.83% | 44.28% | +61.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 127.48% | 50.32% | +77.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.40% | 50.32% | +51.08% |
Dividends
WULF vs. IBIT - Dividend Comparison
Neither WULF nor IBIT has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WULF TeraWulf Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 33.22% |
Frequently Asked Questions
WULF and IBIT have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WULF has higher volatility (21.75%) compared to IBIT (11.85%). In terms of maximum drawdown, WULF dropped -98.50% vs IBIT's -52.11%.
WULF currently has the higher Sharpe Ratio (4.72 vs -0.90), 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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