IBIT: iShares Bitcoin Trust ETF returns, drawdowns and risk
US-listed funds that hold bitcoin or ether, or bitcoin futures.
Data updated October 2026
IBIT · US exchange · USDCategory: Bitcoin and crypto ETFsData from September 2022
From September 2022 to October 2026 IBIT returned 17.0% a year on average with dividends reinvested, in US dollars: $10,000 invested at the start grew to $19,015.
Its deepest fall was 53.3%, from October 2025 to June 2026, and it has not yet returned to the previous high. Annual volatility was 48.6%; at the last close it was 32.9% below its high.
Against SPY (SPDR S&P 500 ETF Trust), over the 42 months both have data, the correlation of monthly returns was 0.28: they moved largely independently. Beta was 1.13. In months when SPY rose, IBIT moved 132% as much on average; in months when SPY fell, 116% as much.
Key figures
- Annual return (CAGR)
- +17.0%
- 1-year return
- −24.6%
- 5 years, a year
- —
- 10 years, a year
- —
- Annual volatility
- 48.6%
- Maximum drawdown
- −53.3%
- Sharpe ratio
- 0.53
- Worst year
- 2023: −30.1%
Trailing returns
| Period | IBIT | SPY |
|---|---|---|
| 1 year | −24.6% | +16.6% |
| 3 years, a year | +29.7% | +23.1% |
To the last close of October 2026. Periods longer than a year are annualised.
Growth of $10,000: IBIT vs SPY
Month-end values from October 2022, the first month both funds have data.
IBIT drawdowns
Percentage below the previous high, weekly.
Returns by calendar year
| Year | IBIT | SPY |
|---|---|---|
| 2026(partial) | −3.6% | +13.3% |
| 2025 | −6.4% | +17.7% |
| 2024 | +141.9% | +24.9% |
| 2023 | −30.1% | +26.2% |
| 2022(partial) | +24.8% | — |
IBIT compared
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
Sharpe ratio uses the return of short-term government bills in the same currency as the risk-free rate. The growth chart uses month-end values; drawdowns and volatility use daily closes.
Questions
What is the average annual return of IBIT?
From September 2022 to October 2026 IBIT returned 17.0% a year on average (CAGR) with dividends reinvested, in USD. Over the last 12 months: −24.6%.
What was the worst drawdown of IBIT?
53.3%, from October 2025 to June 2026; it has not yet returned to the previous high.
How volatile is IBIT?
Annual volatility was 48.6% over the period. Its worst month was −21.7% and 55% of months were positive. Worst calendar year: 2023 (−30.1%).
How closely does IBIT follow SPY?
Over 42 months the correlation of monthly returns was 0.28, so they moved largely independently, with a beta of 1.13.
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Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.