DVYE vs. IBIT

Last updated Jun 26, 2026

DVYE (iShares Emerging Markets Dividend ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - DVYE is a Emerging Markets Equities fund tracking the Dow Jones Emerging Markets Select Dividend 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, DVYE returned 20.32% vs -45.30% for IBIT. At a 0.30 correlation, their price movements are largely independent. DVYE charges 0.49%/yr vs 0.25%/yr for IBIT.

Performance

DVYE vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Emerging Markets Dividend ETF (DVYE) and iShares Bitcoin Trust ETF (IBIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVYE achieves a 5.60% return, which is significantly higher than IBIT's -32.49% return.

DVYE

• 1D: 0.00%
• 1M: -5.02%
• YTD: 5.60%
• 6M: 6.01%
• 1Y: 20.32%
• 3Y*: 19.29%
• 5Y*: 4.32%
• 10Y*: 7.54%

IBIT

• 1D: -1.03%
• 1M: -22.03%
• YTD: -32.49%
• 6M: -32.23%
• 1Y: -45.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DVYE vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DVYE iShares Emerging Markets Dividend ETF	5.60%	28.36%	11.03%
IBIT iShares Bitcoin Trust ETF	-32.49%	-6.41%	89.87%

Correlation

The correlation between DVYE and IBIT is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.30

Return for Risk

DVYE vs. IBIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DVYE

DVYE Risk / Return Rank: 47
DVYE Sharpe Ratio Rank: 44
DVYE Sortino Ratio Rank: 41
DVYE Omega Ratio Rank: 42
DVYE Calmar Ratio Rank: 58
DVYE Martin Ratio Rank: 51

IBIT

IBIT Risk / Return Rank: 2
IBIT Sharpe Ratio Rank: 1
IBIT Sortino Ratio Rank: 2
IBIT Omega Ratio Rank: 2
IBIT Calmar Ratio Rank: 2
IBIT Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DVYE vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Dividend ETF (DVYE) 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.

	DVYE	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	1.37	-1.02	+2.40
Sortino ratio: Return per unit of downside risk	1.89	-1.53	+3.43
Omega ratio: Gain probability vs. loss probability	1.24	0.83	+0.41
Calmar ratio: Return relative to maximum drawdown	2.46	-0.86	+3.32
Martin ratio: Return relative to average drawdown	7.55	-1.47	+9.02

DVYE vs. IBIT - Sharpe Ratio Comparison

The current DVYE Sharpe Ratio is 1.37, which is higher than the IBIT Sharpe Ratio of -1.02. The chart below compares the historical Sharpe Ratios of DVYE and IBIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DVYE vs. IBIT - Drawdown Comparison

The maximum DVYE drawdown since its inception was -47.42%, smaller than the maximum IBIT drawdown of -52.98%. Use the drawdown chart below to compare losses from any high point for DVYE and IBIT.

Drawdown Indicators

	DVYE	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-47.42%	-52.98%	+5.56%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	-52.98%	+44.69%
Max Drawdown (3Y) Largest decline over 3 years	-14.63%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-40.89%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.89%	—	—
Current Drawdown Current decline from peak	-8.29%	-52.98%	+44.69%
Average Drawdown Average peak-to-trough decline	-15.33%	-16.97%	+1.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	30.94%	-28.24%

Volatility

DVYE vs. IBIT - Volatility Comparison

The current volatility for iShares Emerging Markets Dividend ETF (DVYE) is 5.57%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.43%. This indicates that DVYE 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.

Volatility by Period

	DVYE	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.57%	13.43%	-7.86%
Volatility (6M) Calculated over the trailing 6-month period	12.36%	34.60%	-22.24%
Volatility (1Y) Calculated over the trailing 1-year period	14.89%	44.41%	-29.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.10%	50.21%	-33.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.32%	50.21%	-31.89%

DVYE vs. IBIT - Expense Ratio Comparison

DVYE has a 0.49% expense ratio, which is higher than IBIT's 0.25% expense ratio.

Dividends

DVYE vs. IBIT - Dividend Comparison

DVYE's dividend yield for the trailing twelve months is around 5.11%, while IBIT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVYE iShares Emerging Markets Dividend ETF	5.11%	5.88%	11.81%	9.05%	9.89%	7.31%	5.27%	5.97%	5.69%	4.81%	4.56%	6.53%
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

Can I hold both DVYE and IBIT in my portfolio?

DVYE and IBIT have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVYE or IBIT?

IBIT has higher volatility (13.43%) compared to DVYE (5.57%). In terms of maximum drawdown, DVYE dropped -47.42% vs IBIT's -52.98%.

Which ETF is better, DVYE or IBIT?

On 1-year performance, DVYE leads with 20.32% vs -45.30% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, DVYE has been the lower-risk option at 5.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVYE or IBIT?

Over the 1-year period, DVYE has performed better with a 20.32% return vs -45.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVYE or IBIT?

IBIT is cheaper with a 0.25% expense ratio, compared with 0.49% for DVYE.

Which ETF pays a higher dividend yield, DVYE or IBIT?

DVYE has the higher dividend yield at 5.11%, compared with 0.00% for IBIT.

What is the main difference between DVYE and IBIT?

DVYE is categorized as Emerging Markets Equities, while IBIT is Cryptocurrency. DVYE tracks Dow Jones Emerging Markets Select Dividend Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.49% for DVYE and 0.25% for IBIT.

Which has better risk-adjusted returns?

DVYE currently has the higher Sharpe Ratio (1.37 vs -1.02), 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.