CEMB vs. IBIT
CEMB (iShares J.P. Morgan EM Corporate Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - CEMB is a Corporate Bonds fund tracking the JP Morgan CEMBI Broad Diversified, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, CEMB returned 7.07% vs -39.60% for IBIT. At a 0.21 correlation, their price movements are largely independent. CEMB charges 0.50%/yr vs 0.25%/yr for IBIT.
Performance
CEMB vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, CEMB achieves a 1.54% return, which is significantly higher than IBIT's -27.45% return.
CEMB
- 1D
- 0.04%
- 1M
- 0.28%
- YTD
- 1.54%
- 6M
- 1.97%
- 1Y
- 7.07%
- 3Y*
- 7.26%
- 5Y*
- 1.98%
- 10Y*
- 3.53%
IBIT
- 1D
- -2.65%
- 1M
- -22.17%
- YTD
- -27.45%
- 6M
- -31.40%
- 1Y
- -39.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CEMB vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CEMB iShares J.P. Morgan EM Corporate Bond ETF | 1.54% | 8.86% | 5.84% |
IBIT iShares Bitcoin Trust ETF | -27.45% | -6.41% | 99.21% |
Correlation
The correlation between CEMB and IBIT is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.21 |
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Return for Risk
CEMB vs. IBIT — Risk / Return Rank
CEMB
IBIT
CEMB vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan EM Corporate Bond ETF (CEMB) and iShares Bitcoin Trust ETF (IBIT). 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.
| CEMB | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.24 | ||
| Sortino ratioReturn per unit of downside risk | +4.76 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 0.86 | +0.60 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | -0.80 | +3.27 |
| Martin ratioReturn relative to average drawdown | 10.70 | -1.39 | +12.08 |
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
| CEMB | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | -0.91 | +3.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.27 | +0.22 |
Drawdowns
CEMB vs. IBIT - Drawdown Comparison
The maximum CEMB drawdown since its inception was -20.84%, smaller than the maximum IBIT drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for CEMB and IBIT.
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Drawdown Indicators
| CEMB | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.84% | -49.47% | +28.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -49.47% | +46.59% |
Max Drawdown (3Y)Largest decline over 3 years | -3.85% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -20.84% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -49.47% | +49.27% |
Average DrawdownAverage peak-to-trough decline | -3.65% | -16.07% | +12.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 28.61% | -27.95% |
Volatility
CEMB vs. IBIT - Volatility Comparison
The current volatility for iShares J.P. Morgan EM Corporate Bond ETF (CEMB) is 1.06%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.14%. This indicates that CEMB experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEMB | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 9.14% | -8.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.42% | 33.89% | -31.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 43.76% | -40.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.63% | 50.18% | -44.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.30% | 50.18% | -43.88% |
CEMB vs. IBIT - Expense Ratio Comparison
CEMB has a 0.50% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
CEMB vs. IBIT - Dividend Comparison
CEMB's dividend yield for the trailing twelve months is around 5.13%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEMB iShares J.P. Morgan EM Corporate Bond ETF | 5.13% | 5.14% | 5.11% | 4.77% | 4.29% | 3.51% | 3.86% | 4.19% | 4.66% | 4.06% | 4.26% | 4.76% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CEMB and IBIT have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.14%) compared to CEMB (1.06%). In terms of maximum drawdown, CEMB dropped -20.84% vs IBIT's -49.47%.
On 1-year performance, CEMB leads with 7.07% vs -39.60% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, CEMB has been the lower-risk option at 1.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CEMB has performed better with a 7.07% return vs -39.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.50% for CEMB.
CEMB has the higher dividend yield at 5.13%, compared with 0.00% for IBIT.
CEMB is categorized as Corporate Bonds, while IBIT is Cryptocurrency. CEMB tracks JP Morgan CEMBI Broad Diversified, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.50% for CEMB and 0.25% for IBIT.
CEMB currently has the higher Sharpe Ratio (2.33 vs -0.91), 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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