IBIT vs ALGN
- 2 of 19 forces clearly differ
- Data through Oct 30, 2026
- Market move removed first
IBIT and ALGN clearly differ on 2 of 19 forces. The widest gap is bitcoin: in weeks when the price of bitcoin rose 10%, IBIT typically moved +10.1% and ALGN −0.57%.
| Economic force | IBITiShares Bitcoin Trust ETF | ALGNAlign Technology |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −1.5%−3.8% to +0.88%Not distinguishable from zero | −2.3%−3.9% to −0.73%Tentative |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +8.5%+2.5% to +14.6%Tentative | +5.8%+0.33% to +11.2%Tentative |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −2.9%−6.6% to +0.82%Not distinguishable from zero | −2.4%−5.2% to +0.41%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.35%−1.9% to +1.2%Not distinguishable from zero | −1.2%−2.1% to −0.20%Tentative |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −0.59%−7.5% to +6.4%Not distinguishable from zero | −2.9%−6.6% to +0.87%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +1.6%−1.5% to +4.7%Not distinguishable from zero | +1.3%−2.0% to +4.6%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | +0.07%−1.9% to +2.1%Not distinguishable from zero | −0.66%−2.2% to +0.92%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.12%−2.2% to +2.4%Not distinguishable from zero | −0.41%−2.1% to +1.3%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.39%−1.2% to +2.0%Not distinguishable from zero | −0.64%−2.0% to +0.69%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | −0.79%−2.0% to +0.43%Not distinguishable from zero | +1.7%−0.77% to +4.1%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | −0.04%−0.11% to +0.04%Not distinguishable from zero | −0.02%−0.04% to 0.00%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10%Clear difference | +10.1%+9.9% to +10.3%Clear | −0.57%−1.9% to +0.73%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.77%+0.25% to +1.3%Tentative | +0.64%+0.11% to +1.2%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | −0.25%−0.90% to +0.41%Not distinguishable from zero | +0.59%+0.07% to +1.1%Tentative |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | +0.25%−0.21% to +0.72%Not distinguishable from zero | −0.29%−0.80% to +0.22%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −1.4%−5.5% to +2.7%Not distinguishable from zero | +1.2%−1.7% to +4.1%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollarClear difference | +1.7%+0.25% to +3.1%Tentative | −1.1%−2.3% to +0.02%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | +0.22%−0.22% to +0.66%Not distinguishable from zero | −0.19%−0.59% to +0.20%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | −0.02%−0.24% to +0.20%Not distinguishable from zero | −0.19%−0.38% to 0.00%Not distinguishable from zero |
Each figure is the stock's typical move in a week when the force moved by the stated amount, after accounting for the stock market, with its 90% range beneath. Grey figures could not be told apart from zero. A row is marked a clear difference only when the two 90% ranges do not overlap.
This describes the past, and it is not a forecast. Relationships change, and nothing here is a recommendation to buy, sell or hold any security.