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 4.51% vs -43.69% for IBIT. Their 0.21 correlation means their historical movements had little consistent relationship. 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 1.32% return, which is significantly higher than IBIT's -27.17% return.
CEMB
- 1D
- 0.17%
- 1M
- -0.38%
- 6M
- 0.76%
- YTD
- 1.32%
- 1Y
- 4.51%
- 3Y*
- 6.87%
- 5Y*
- 1.78%
- 10Y*
- 3.30%
- ALL TIME*
- 3.62%
IBIT
- 1D
- 1.46%
- 1M
- 3.70%
- 6M
- -18.23%
- YTD
- -27.17%
- 1Y
- -43.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.45M | $2.88M | $3.29M | |
| $1.33B | $1.34B | $1.65B |
CEMB vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CEMB iShares J.P. Morgan EM Corporate Bond ETF | 1.32% | 8.86% | 6.27% |
IBIT iShares Bitcoin Trust ETF | -27.17% | -6.41% | 89.87% |
Correlation
The correlation between CEMB and IBIT is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 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.
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.
| CEMB | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.45 | ||
| Sortino ratioReturn per unit of downside risk | +3.61 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.84 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | -0.82 | +2.40 |
| Martin ratioReturn relative to average drawdown | 6.65 | -1.26 | +7.90 |
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Drawdowns
CEMB vs. IBIT - Drawdown Comparison
The maximum CEMB drawdown since its inception was -20.84%, smaller than the maximum IBIT drawdown of -53.30%. 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% | -53.30% | +32.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -53.30% | +50.42% |
Max Drawdown (3Y)Largest decline over 3 years | -3.53% | — | — |
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 | -0.52% | -49.28% | +48.76% |
Average DrawdownAverage peak-to-trough decline | -3.62% | -18.29% | +14.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 34.80% | -34.12% |
Volatility
CEMB vs. IBIT - Volatility Comparison
The current volatility for iShares J.P. Morgan EM Corporate Bond ETF (CEMB) is 0.63%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.98%. 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 | 0.63% | 8.98% | -8.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.51% | 33.79% | -31.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.10% | 44.48% | -41.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.63% | 49.57% | -43.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.28% | 49.57% | -43.29% |
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 5.23%, 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 | 5.23% | 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 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (8.98%) compared to CEMB (0.63%). In terms of maximum drawdown, CEMB dropped -20.84% vs IBIT's -53.30%.
On 1-year performance, CEMB leads with 4.51% vs -43.69% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, CEMB has been the lower-risk option at 0.63%. 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 4.51% return vs -43.69%. 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 5.23%, 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 (1.46 vs -0.99), 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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