BTC-USD vs. EWY
BTC-USD (Bitcoin) is a cryptocurrency, while EWY (iShares MSCI South Korea ETF) is Asia Pacific Equities fund tracking the MSCI Korea Index. Over the past 10 years, BTC-USD returned 57.32%/yr vs 16.84%/yr for EWY. At a 0.11 correlation, their price movements are largely independent.
Performance
BTC-USD vs. EWY - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -27.32% return, which is significantly lower than EWY's 103.10% return. Over the past 10 years, BTC-USD has outperformed EWY with an annualized return of 57.32%, while EWY has yielded a comparatively lower 16.84% annualized return.
BTC-USD
- 1D
- 0.05%
- 1M
- -19.79%
- YTD
- -27.32%
- 6M
- -29.56%
- 1Y
- -39.85%
- 3Y*
- 34.86%
- 5Y*
- 10.27%
- 10Y*
- 57.32%
EWY
- 1D
- -0.75%
- 1M
- 4.68%
- YTD
- 103.10%
- 6M
- 117.85%
- 1Y
- 198.25%
- 3Y*
- 46.46%
- 5Y*
- 18.80%
- 10Y*
- 16.84%
BTC-USD vs. EWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -27.32% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
EWY iShares MSCI South Korea ETF | 103.10% | 95.33% | -20.48% | 19.05% | -26.59% | -7.58% | 39.43% | 7.97% | -20.37% | 44.97% |
Correlation
The correlation between BTC-USD and EWY is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2012 | 0.11 |
The correlation between BTC-USD and EWY shifts across timeframes, from 0.11 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BTC-USD vs. EWY — Risk / Return Rank
BTC-USD
EWY
BTC-USD vs. EWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and iShares MSCI South Korea ETF (EWY). 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.
| BTC-USD | EWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.22 | ||
| Sortino ratioReturn per unit of downside risk | -5.38 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.59 | -0.72 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 8.65 | -9.42 |
| Martin ratioReturn relative to average drawdown | -1.36 | 30.24 | -31.60 |
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Drawdowns
BTC-USD vs. EWY - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than EWY's maximum drawdown of -74.14%. Use the drawdown chart below to compare losses from any high point for BTC-USD and EWY.
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Drawdown Indicators
| BTC-USD | EWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -74.14% | -11.16% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -23.08% | -28.13% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -27.36% | -23.85% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -48.55% | -28.12% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -49.73% | -34.07% |
Current DrawdownCurrent decline from peak | -49.01% | -8.88% | -40.13% |
Average DrawdownAverage peak-to-trough decline | -42.35% | -20.11% | -22.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.02% | 6.59% | +28.43% |
Volatility
BTC-USD vs. EWY - Volatility Comparison
The current volatility for Bitcoin (BTC-USD) is 12.11%, while iShares MSCI South Korea ETF (EWY) has a volatility of 25.64%. This indicates that BTC-USD experiences smaller price fluctuations and is considered to be less risky than EWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTC-USD | EWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.11% | 25.64% | -13.53% |
Volatility (6M)Calculated over the trailing 6-month period | 34.59% | 42.65% | -8.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.62% | 46.51% | -10.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.71% | 30.15% | +14.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.62% | 28.06% | +28.56% |
Frequently Asked Questions
BTC-USD and EWY have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWY has higher volatility (25.64%) compared to BTC-USD (12.11%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs EWY's -74.14%.
EWY currently has the higher Sharpe Ratio (4.29 vs -0.93), 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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