EDIV vs. BTC-USD
EDIV (SPDR S&P Emerging Markets Dividend ETF) is Emerging Markets Equities fund tracking the S&P Emerging Markets Dividend Opportunities Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, EDIV returned 8.46%/yr vs 58.69%/yr for BTC-USD. At a 0.10 correlation, their price movements are largely independent.
Performance
EDIV vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, EDIV achieves a 9.71% return, which is significantly higher than BTC-USD's -23.90% return. Over the past 10 years, EDIV has underperformed BTC-USD with an annualized return of 8.46%, while BTC-USD has yielded a comparatively higher 58.69% annualized return.
EDIV
- 1D
- 0.55%
- 1M
- 2.35%
- 6M
- 6.95%
- YTD
- 9.71%
- 1Y
- 13.24%
- 3Y*
- 16.56%
- 5Y*
- 12.20%
- 10Y*
- 8.46%
- ALL TIME*
- 3.24%
BTC-USD
- 1D
- 2.10%
- 1M
- 5.29%
- 6M
- -24.60%
- YTD
- -23.90%
- 1Y
- -43.30%
- 3Y*
- 30.74%
- 5Y*
- 15.58%
- 10Y*
- 58.69%
- ALL TIME*
- 89.03%
EDIV vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDIV SPDR S&P Emerging Markets Dividend ETF | 9.71% | 16.45% | 12.75% | 41.91% | -15.31% | 11.21% | -9.95% | 11.80% | -6.16% | 28.20% |
BTC-USD Bitcoin | -23.90% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between EDIV and BTC-USD 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 (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2012 | 0.10 |
Over the past year, EDIV and BTC-USD have become more correlated (0.35) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
EDIV vs. BTC-USD — Risk / Return Rank
EDIV
BTC-USD
EDIV vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Emerging Markets Dividend ETF (EDIV) and Bitcoin (BTC-USD). 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.
| EDIV | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.05 | ||
| Sortino ratioReturn per unit of downside risk | +3.00 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.85 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | -0.82 | +2.10 |
| Martin ratioReturn relative to average drawdown | 3.74 | -1.30 | +5.04 |
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Drawdowns
EDIV vs. BTC-USD - Drawdown Comparison
The maximum EDIV drawdown since its inception was -53.36%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for EDIV and BTC-USD.
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Drawdown Indicators
| EDIV | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.36% | -85.30% | +31.94% |
Max Drawdown (1Y)Largest decline over 1 year | -10.36% | -53.08% | +42.72% |
Max Drawdown (3Y)Largest decline over 3 years | -13.84% | -53.08% | +39.24% |
Max Drawdown (5Y)Largest decline over 5 years | -28.32% | -76.67% | +48.35% |
Max Drawdown (10Y)Largest decline over 10 years | -40.76% | -83.80% | +43.04% |
Current DrawdownCurrent decline from peak | -1.10% | -46.61% | +45.51% |
Average DrawdownAverage peak-to-trough decline | -19.22% | -42.62% | +23.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 27.11% | -23.56% |
Volatility
EDIV vs. BTC-USD - Volatility Comparison
The current volatility for SPDR S&P Emerging Markets Dividend ETF (EDIV) is 3.86%, while Bitcoin (BTC-USD) has a volatility of 9.38%. This indicates that EDIV experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDIV | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 9.38% | -5.52% |
Volatility (6M)Calculated over the trailing 6-month period | 11.06% | 34.69% | -23.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.79% | 35.80% | -23.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 43.84% | -29.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.30% | 56.33% | -39.03% |
Frequently Asked Questions
EDIV and BTC-USD 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.
BTC-USD has higher volatility (9.38%) compared to EDIV (3.86%). In terms of maximum drawdown, EDIV dropped -53.36% vs BTC-USD's -85.30%.
EDIV currently has the higher Sharpe Ratio (1.04 vs -1.01), 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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