EEMA vs. IBIT
EEMA (iShares MSCI Emerging Markets Asia ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - EEMA is a Asia Pacific Equities fund tracking the MSCI Emerging Markets Asia 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, EEMA returned 56.77% vs -38.74% for IBIT. At a 0.34 correlation, their price movements are largely independent. EEMA charges 0.50%/yr vs 0.25%/yr for IBIT.
Performance
EEMA vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, EEMA achieves a 27.78% return, which is significantly higher than IBIT's -25.48% return.
EEMA
- 1D
- -1.17%
- 1M
- 9.00%
- YTD
- 27.78%
- 6M
- 30.96%
- 1Y
- 56.77%
- 3Y*
- 24.08%
- 5Y*
- 7.05%
- 10Y*
- 10.80%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EEMA vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EEMA iShares MSCI Emerging Markets Asia ETF | 27.78% | 33.27% | 14.28% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between EEMA and IBIT is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.34 |
The correlation between EEMA and IBIT shifts across timeframes, from 0.34 (all time) to 0.45 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EEMA vs. IBIT — Risk / Return Rank
EEMA
IBIT
EEMA vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Asia ETF (EEMA) 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.
| EEMA | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.69 | ||
| Sortino ratioReturn per unit of downside risk | +4.87 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 0.86 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 3.99 | -0.79 | +4.78 |
| Martin ratioReturn relative to average drawdown | 15.03 | -1.36 | +16.40 |
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
| EEMA | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.80 | -0.89 | +3.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.30 | +0.08 |
Drawdowns
EEMA vs. IBIT - Drawdown Comparison
The maximum EEMA drawdown since its inception was -44.18%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for EEMA and IBIT.
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Drawdown Indicators
| EEMA | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.18% | -49.36% | +5.18% |
Max Drawdown (1Y)Largest decline over 1 year | -14.30% | -49.36% | +35.06% |
Max Drawdown (3Y)Largest decline over 3 years | -20.23% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -40.67% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.18% | — | — |
Current DrawdownCurrent decline from peak | -1.17% | -48.10% | +46.93% |
Average DrawdownAverage peak-to-trough decline | -13.97% | -16.02% | +2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 28.44% | -24.65% |
Volatility
EEMA vs. IBIT - Volatility Comparison
The current volatility for iShares MSCI Emerging Markets Asia ETF (EEMA) is 8.53%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that EEMA 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
| EEMA | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.53% | 9.50% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 17.40% | 34.44% | -17.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.39% | 43.73% | -23.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.41% | 50.19% | -29.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.87% | 50.19% | -29.32% |
EEMA vs. IBIT - Expense Ratio Comparison
EEMA has a 0.50% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
EEMA vs. IBIT - Dividend Comparison
EEMA's dividend yield for the trailing twelve months is around 1.16%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEMA iShares MSCI Emerging Markets Asia ETF | 1.16% | 1.48% | 1.74% | 2.02% | 1.78% | 2.19% | 1.15% | 1.86% | 2.17% | 1.74% | 1.74% | 2.44% |
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
EEMA and IBIT have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.50%) compared to EEMA (8.53%). In terms of maximum drawdown, EEMA dropped -44.18% vs IBIT's -49.36%.
On 1-year performance, EEMA leads with 56.77% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, EEMA has been the lower-risk option at 8.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EEMA has performed better with a 56.77% return vs -38.74%. 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 EEMA.
EEMA has the higher dividend yield at 1.16%, compared with 0.00% for IBIT.
EEMA is categorized as Asia Pacific Equities, while IBIT is Cryptocurrency. EEMA tracks MSCI Emerging Markets Asia Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.50% for EEMA and 0.25% for IBIT.
EEMA currently has the higher Sharpe Ratio (2.80 vs -0.89), 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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