BTC vs IDEF

Comparison between Grayscale Bitcoin Mini Trust ETF (BTC, ETF) and iShares Defense Industrials Active ETF (IDEF, ETF).

BTC vs IDEF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BTC(ETF)	IDEF(ETF)
Net Assets	$3.90B	$3.90B
Expense Ratio	0.15%	0.55%
Max Drawdown	51.97%	14.78%
Sharpe Ratio	-1.09	0.84
5Y Beta	1.30	1.17
P/E Ratio	N/A	55.67
Forward P/E	N/A	29.36
5Y EPS CAGR	N/A	6.46%
Debt to Equity	N/A	114.70%
P/S Ratio	N/A	2.74
P/B Ratio	N/A	5.14

Net Assets

BTC

$3.90B

IDEF

$3.90B

Expense Ratio

Winner

BTC

0.15%

IDEF

0.55%

Max Drawdown

BTC

51.97%

Winner

IDEF

14.78%

Sharpe Ratio

BTC

-1.09

Winner

IDEF

0.84

5Y Beta

BTC

1.30

Winner

IDEF

1.17

P/E Ratio

BTC

N/A

IDEF

55.67

Forward P/E

BTC

N/A

IDEF

29.36

5Y EPS CAGR

BTC

N/A

IDEF

6.46%

Debt to Equity

BTC

N/A

IDEF

114.70%

P/S Ratio

BTC

N/A

IDEF

2.74

P/B Ratio

BTC

N/A

IDEF

5.14

BTC vs IDEF - Historical Returns

Returns include dividend reinvestment.

Period	BTC	IDEF
1 month	-21.29%	-2.03%
3 months	-9.78%	-7.85%
6 months	-29.59%	+6.07%
1 year	-40.53%	+20.75%
Max(CAGR)	-1.53%	+27.17%

BTC

-21.29%

Winner

IDEF

-2.03%

BTC

-9.78%

Winner

IDEF

-7.85%

BTC

-29.59%

Winner

IDEF

+6.07%

BTC

-40.53%

Winner

IDEF

+20.75%

Max(CAGR)

BTC

-1.53%

Winner

IDEF

+27.17%

BTC vs IDEF - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	BTC	IDEF
2026	-29.21%	+2.07%
2025	-10.26%	+23.05%
2024	+44.64%	N/A

BTC vs IDEF Drawdown Comparison

The maximum drawdown for BTC was -51.97%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The maximum drawdown for IDEF was -14.78%, occurring on Jun 10, 2026. This drawdown has not yet recovered.

The current BTC drawdown is -49.38%. The current IDEF drawdown is -12.23%.

Rank	BTC	IDEF
#1	-51.97% Oct 6, 2025 - Jun 5, 2026	-14.78% Mar 2, 2026 - Jun 10, 2026
#2	-28.14% Dec 17, 2024 - May 20, 2025	-12.27% Oct 8, 2025 - Jan 5, 2026
#3	-17.96% Jul 31, 2024 - Sep 27, 2024	-7.38% Jan 16, 2026 - Mar 2, 2026
#4	-11.96% Aug 13, 2025 - Oct 6, 2025	-4.33% Aug 6, 2025 - Sep 10, 2025
#5	-9.11% Sep 27, 2024 - Oct 14, 2024	-1.59% Jun 30, 2025 - Jul 9, 2025
#6	-8.47% Nov 22, 2024 - Dec 6, 2024	-1.52% Jul 23, 2025 - Aug 4, 2025
#7	-8.44% May 22, 2025 - Jul 9, 2025	-1.25% Jun 9, 2025 - Jun 13, 2025
#8	-7.30% Oct 29, 2024 - Nov 6, 2024	-1.21% Jul 18, 2025 - Jul 23, 2025
#9	-5.81% Jul 14, 2025 - Aug 13, 2025	-0.71% Sep 16, 2025 - Sep 19, 2025
#10	-5.48% Dec 6, 2024 - Dec 13, 2024	-0.70% Jul 14, 2025 - Jul 17, 2025
#11	-3.29% Oct 18, 2024 - Oct 28, 2024	-0.68% Sep 23, 2025 - Sep 26, 2025
#12	-2.51% Nov 13, 2024 - Nov 15, 2024	-0.63% Jun 16, 2025 - Jun 23, 2025
#13	-1.50% Oct 16, 2024 - Oct 18, 2024	-0.56% Jul 9, 2025 - Jul 14, 2025
#14	N/A	-0.47% Oct 6, 2025 - Oct 8, 2025
#15	N/A	-0.41% May 27, 2025 - May 30, 2025

Correlation

Correlation between BTC and IDEF is -0.68 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.68

-101