XOEF vs. IBIT

Last updated Jun 6, 2026

XOEF (iShares S&P 500 ex S&P 100 ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - XOEF is a S&P 500 fund tracking the S&P 500 Ex-S&P 100 Select Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. At a 0.42 correlation, their price movements are largely independent. XOEF charges 0.20%/yr vs 0.25%/yr for IBIT.

Performance

XOEF vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 ex S&P 100 ETF (XOEF) and iShares Bitcoin Trust ETF (IBIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XOEF achieves a 12.43% return, which is significantly higher than IBIT's -31.24% return.

XOEF

• 1D: -1.83%
• 1M: 1.36%
• YTD: 12.43%
• 6M: 12.72%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBIT

• 1D: -5.22%
• 1M: -26.09%
• YTD: -31.24%
• 6M: -32.65%
• 1Y: -41.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XOEF vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025
XOEF iShares S&P 500 ex S&P 100 ETF	12.43%	4.15%
IBIT iShares Bitcoin Trust ETF	-31.24%	-21.91%

Correlation

The correlation between XOEF and IBIT is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 10, 2025	0.42

Return for Risk

XOEF vs. IBIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBIT

IBIT Risk / Return Rank: 2
IBIT Sharpe Ratio Rank: 2
IBIT Sortino Ratio Rank: 2
IBIT Omega Ratio Rank: 2
IBIT Calmar Ratio Rank: 2
IBIT Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XOEF vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 ex S&P 100 ETF (XOEF) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	XOEF	IBIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.94	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.49	0.22	+1.27

Drawdowns

XOEF vs. IBIT - Drawdown Comparison

The maximum XOEF drawdown since its inception was -7.66%, smaller than the maximum IBIT drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for XOEF and IBIT.

Drawdown Indicators

	XOEF	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-7.66%	-52.11%	+44.45%
Max Drawdown (1Y) Largest decline over 1 year	—	-52.11%	—
Current Drawdown Current decline from peak	-1.83%	-52.11%	+50.28%
Average Drawdown Average peak-to-trough decline	-1.31%	-16.13%	+14.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.80%	—

Volatility

Volatility by Period

	XOEF	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.97%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.73%	44.04%	-31.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.73%	50.26%	-37.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.73%	50.26%	-37.53%

XOEF vs. IBIT - Expense Ratio Comparison

XOEF has a 0.20% 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

XOEF vs. IBIT - Dividend Comparison

XOEF's dividend yield for the trailing twelve months is around 0.80%, while IBIT has not paid dividends to shareholders.

Position	TTM	2025
IBIT iShares Bitcoin Trust ETF	0.00%	0.00%
XOEF iShares S&P 500 ex S&P 100 ETF	0.80%	0.63%

Frequently Asked Questions

Can I hold both XOEF and IBIT in my portfolio?

XOEF and IBIT have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XOEF or IBIT?

On fees, XOEF is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XOEF or IBIT?

XOEF is cheaper with a 0.20% expense ratio, compared with 0.25% for IBIT.

Which ETF pays a higher dividend yield, XOEF or IBIT?

XOEF has the higher dividend yield at 0.80%, compared with 0.00% for IBIT.

What is the main difference between XOEF and IBIT?

XOEF is categorized as S&P 500, while IBIT is Cryptocurrency. XOEF tracks S&P 500 Ex-S&P 100 Select Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.20% for XOEF and 0.25% for IBIT.