CNYA vs. IBIT
CNYA (iShares MSCI China A ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - CNYA is a China Equities fund tracking the MSCI China A Inclusion Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, CNYA returned 20.44% vs -43.69% for IBIT. Their 0.19 correlation means their historical movements had little consistent relationship. CNYA charges 0.60%/yr vs 0.25%/yr for IBIT.
Performance
CNYA vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, CNYA achieves a 1.42% return, which is significantly higher than IBIT's -27.17% return.
CNYA
- 1D
- -0.48%
- 1M
- -4.50%
- 6M
- 1.02%
- YTD
- 1.42%
- 1Y
- 20.44%
- 3Y*
- 7.23%
- 5Y*
- -1.55%
- 10Y*
- 5.24%
- ALL TIME*
- 5.58%
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) |
|---|---|---|---|
| $1.46M | $2.43M | $4.11M | |
| $1.33B | $1.34B | $1.65B |
CNYA vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CNYA iShares MSCI China A ETF | 1.42% | 26.48% | 16.94% |
IBIT iShares Bitcoin Trust ETF | -27.17% | -6.41% | 89.87% |
Correlation
The correlation between CNYA and IBIT is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.19 |
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Return for Risk
CNYA vs. IBIT — Risk / Return Rank
CNYA
IBIT
CNYA vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A ETF (CNYA) 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.
| CNYA | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.00 | ||
| Sortino ratioReturn per unit of downside risk | +2.94 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.84 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | -0.82 | +2.80 |
| Martin ratioReturn relative to average drawdown | 5.71 | -1.26 | +6.97 |
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Drawdowns
CNYA vs. IBIT - Drawdown Comparison
The maximum CNYA drawdown since its inception was -49.49%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for CNYA and IBIT.
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Drawdown Indicators
| CNYA | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.49% | -53.30% | +3.81% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -53.30% | +42.93% |
Max Drawdown (3Y)Largest decline over 3 years | -33.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -44.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -49.49% | — | — |
Current DrawdownCurrent decline from peak | -19.65% | -49.28% | +29.63% |
Average DrawdownAverage peak-to-trough decline | -20.61% | -18.29% | -2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 34.80% | -31.22% |
Volatility
CNYA vs. IBIT - Volatility Comparison
The current volatility for iShares MSCI China A ETF (CNYA) is 8.01%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.98%. This indicates that CNYA 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
| CNYA | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.01% | 8.98% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 15.84% | 33.79% | -17.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.22% | 44.48% | -24.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.88% | 49.57% | -25.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.63% | 49.57% | -25.94% |
CNYA vs. IBIT - Expense Ratio Comparison
CNYA has a 0.60% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
CNYA vs. IBIT - Dividend Comparison
CNYA's dividend yield for the trailing twelve months is around 1.85%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CNYA iShares MSCI China A ETF | 1.85% | 1.92% | 2.51% | 4.23% | 2.69% | 1.11% | 1.06% | 1.21% | 3.92% | 0.97% | 1.38% |
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% |
Frequently Asked Questions
CNYA and IBIT have a correlation of 0.26, 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 CNYA (8.01%). In terms of maximum drawdown, CNYA dropped -49.49% vs IBIT's -53.30%.
On 1-year performance, CNYA leads with 20.44% vs -43.69% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, CNYA has been the lower-risk option at 8.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CNYA has performed better with a 20.44% 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 0.60% for CNYA.
CNYA has the higher dividend yield at 1.85%, compared with 0.00% for IBIT.
CNYA is categorized as China Equities, while IBIT is Cryptocurrency. CNYA tracks MSCI China A Inclusion Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.60% for CNYA and 0.25% for IBIT.
CNYA currently has the higher Sharpe Ratio (1.02 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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