XLF vs. IBIT
XLF (State Street Financial Select Sector SPDR ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - XLF is a Financials Equities fund tracking the Financial Select Sector Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, XLF returned 6.20% vs -40.63% for IBIT. At a 0.26 correlation, their price movements are largely independent. XLF charges 0.08%/yr vs 0.25%/yr for IBIT.
Performance
XLF vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, XLF achieves a -2.11% return, which is significantly higher than IBIT's -27.41% return.
XLF
- 1D
- 1.37%
- 1M
- 4.61%
- YTD
- -2.11%
- 6M
- -2.09%
- 1Y
- 6.20%
- 3Y*
- 18.86%
- 5Y*
- 9.15%
- 10Y*
- 13.33%
IBIT
- 1D
- -0.03%
- 1M
- -20.12%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLF vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XLF State Street Financial Select Sector SPDR ETF | -2.11% | 14.90% | 29.83% |
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
Correlation
The correlation between XLF and IBIT is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.26 |
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Return for Risk
XLF vs. IBIT — Risk / Return Rank
XLF
IBIT
XLF vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Financial Select Sector SPDR ETF (XLF) 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.
| XLF | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.85 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | -0.78 | +1.20 |
| Martin ratioReturn relative to average drawdown | 1.08 | -1.37 | +2.45 |
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Drawdowns
XLF vs. IBIT - Drawdown Comparison
The maximum XLF drawdown since its inception was -82.69%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for XLF and IBIT.
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Drawdown Indicators
| XLF | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.69% | -52.11% | -30.58% |
Max Drawdown (1Y)Largest decline over 1 year | -14.79% | -52.11% | +37.32% |
Max Drawdown (3Y)Largest decline over 3 years | -15.54% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.81% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.86% | — | — |
Current DrawdownCurrent decline from peak | -4.94% | -49.45% | +44.51% |
Average DrawdownAverage peak-to-trough decline | -20.01% | -16.53% | -3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.76% | 29.64% | -23.88% |
Volatility
XLF vs. IBIT - Volatility Comparison
The current volatility for State Street Financial Select Sector SPDR ETF (XLF) is 4.23%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 12.07%. This indicates that XLF 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
| XLF | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 12.07% | -7.84% |
Volatility (6M)Calculated over the trailing 6-month period | 11.26% | 34.45% | -23.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.69% | 44.10% | -29.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.66% | 50.26% | -31.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.17% | 50.26% | -28.09% |
XLF vs. IBIT - Expense Ratio Comparison
XLF has a 0.08% 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
XLF vs. IBIT - Dividend Comparison
XLF's dividend yield for the trailing twelve months is around 1.49%, 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% |
XLF State Street Financial Select Sector SPDR ETF | 1.49% | 1.31% | 1.42% | 1.71% | 2.04% | 1.63% | 2.03% | 1.87% | 2.08% | 1.48% | 21.10% | 1.95% |
Frequently Asked Questions
XLF and IBIT have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (12.07%) compared to XLF (4.23%). In terms of maximum drawdown, XLF dropped -82.69% vs IBIT's -52.11%.
On 1-year performance, XLF leads with 6.20% vs -40.63% for IBIT. On fees, XLF is cheaper at 0.08% per year. On volatility, XLF has been the lower-risk option at 4.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XLF has performed better with a 6.20% return vs -40.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLF is cheaper with a 0.08% expense ratio, compared with 0.25% for IBIT.
XLF has the higher dividend yield at 1.49%, compared with 0.00% for IBIT.
XLF is categorized as Financials Equities, while IBIT is Cryptocurrency. XLF tracks Financial Select Sector Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. They also come from different issuers: State Street and iShares. Their fees differ too: 0.08% for XLF and 0.25% for IBIT.
XLF currently has the higher Sharpe Ratio (0.42 vs -0.92), 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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