BTC-USD vs. IEFA
BTC-USD (Bitcoin) is a cryptocurrency, while IEFA (iShares Core MSCI EAFE ETF) is Foreign Large Cap Equities fund tracking the MSCI EAFE IMI Index (Net). Over the past 10 years, BTC-USD returned 59.68%/yr vs 9.37%/yr for IEFA. At a 0.11 correlation, their price movements are largely independent.
Performance
BTC-USD vs. IEFA - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -28.54% return, which is significantly lower than IEFA's 7.49% return. Over the past 10 years, BTC-USD has outperformed IEFA with an annualized return of 59.68%, while IEFA has yielded a comparatively lower 9.37% annualized return.
BTC-USD
- 1D
- -1.22%
- 1M
- -22.47%
- YTD
- -28.54%
- 6M
- -31.02%
- 1Y
- -40.89%
- 3Y*
- 33.16%
- 5Y*
- 10.82%
- 10Y*
- 59.68%
IEFA
- 1D
- 0.63%
- 1M
- -1.17%
- YTD
- 7.49%
- 6M
- 10.04%
- 1Y
- 19.61%
- 3Y*
- 16.13%
- 5Y*
- 7.82%
- 10Y*
- 9.37%
BTC-USD vs. IEFA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -28.54% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
IEFA iShares Core MSCI EAFE ETF | 7.49% | 32.08% | 3.26% | 17.95% | -15.24% | 11.63% | 8.18% | 22.64% | -14.14% | 26.57% |
Correlation
The correlation between BTC-USD and IEFA is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2012 | 0.11 |
Over the past year, BTC-USD and IEFA have become more correlated (0.33) than their long-term average of 0.11, meaning their price movements have been converging.
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Return for Risk
BTC-USD vs. IEFA — Risk / Return Rank
BTC-USD
IEFA
BTC-USD vs. IEFA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and iShares Core MSCI EAFE ETF (IEFA). 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.
| BTC-USD | IEFA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -3.23 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.24 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 1.71 | -2.51 |
| Martin ratioReturn relative to average drawdown | -1.42 | 6.52 | -7.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTC-USD | IEFA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.95 | 1.30 | -2.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.47 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.54 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.50 | +0.63 |
Drawdowns
BTC-USD vs. IEFA - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than IEFA's maximum drawdown of -34.78%. Use the drawdown chart below to compare losses from any high point for BTC-USD and IEFA.
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Drawdown Indicators
| BTC-USD | IEFA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -34.78% | -50.52% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -11.50% | -39.71% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -13.76% | -37.45% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -30.41% | -46.26% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -34.78% | -49.02% |
Current DrawdownCurrent decline from peak | -49.86% | -2.44% | -47.42% |
Average DrawdownAverage peak-to-trough decline | -42.32% | -6.69% | -35.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.46% | 3.02% | +31.44% |
Volatility
BTC-USD vs. IEFA - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 11.59% compared to iShares Core MSCI EAFE ETF (IEFA) at 4.54%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than IEFA 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 | IEFA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.59% | 4.54% | +7.05% |
Volatility (6M)Calculated over the trailing 6-month period | 34.53% | 12.74% | +21.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.67% | 15.22% | +20.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.95% | 16.55% | +28.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.71% | 17.32% | +39.39% |
Frequently Asked Questions
BTC-USD and IEFA have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (11.59%) compared to IEFA (4.54%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs IEFA's -34.78%.
IEFA currently has the higher Sharpe Ratio (1.30 vs -0.95), 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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