EEMS vs. IBIT
EEMS (iShares MSCI Emerging Markets Small-Cap ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - EEMS is a Emerging Markets Diversified fund tracking the MSCI Emerging Markets Small Cap 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, EEMS returned 29.38% vs -38.74% for IBIT. At a 0.33 correlation, their price movements are largely independent. EEMS charges 0.73%/yr vs 0.25%/yr for IBIT.
Performance
EEMS vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, EEMS achieves a 14.63% return, which is significantly higher than IBIT's -25.48% return.
EEMS
- 1D
- -1.36%
- 1M
- 1.46%
- YTD
- 14.63%
- 6M
- 16.52%
- 1Y
- 29.38%
- 3Y*
- 16.81%
- 5Y*
- 6.92%
- 10Y*
- 9.29%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EEMS vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EEMS iShares MSCI Emerging Markets Small-Cap ETF | 14.63% | 19.78% | 4.19% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between EEMS and IBIT is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.33 |
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Return for Risk
EEMS vs. IBIT — Risk / Return Rank
EEMS
IBIT
EEMS vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Small-Cap ETF (EEMS) 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.
| EEMS | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.60 | ||
| Sortino ratioReturn per unit of downside risk | +3.54 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.86 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | -0.79 | +3.50 |
| Martin ratioReturn relative to average drawdown | 9.56 | -1.36 | +10.92 |
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
| EEMS | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | -0.89 | +2.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.30 | +0.02 |
Drawdowns
EEMS vs. IBIT - Drawdown Comparison
The maximum EEMS drawdown since its inception was -48.89%, roughly equal to the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for EEMS and IBIT.
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Drawdown Indicators
| EEMS | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.89% | -49.36% | +0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -10.87% | -49.36% | +38.49% |
Max Drawdown (3Y)Largest decline over 3 years | -19.71% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.07% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.89% | — | — |
Current DrawdownCurrent decline from peak | -2.41% | -48.10% | +45.69% |
Average DrawdownAverage peak-to-trough decline | -10.50% | -16.02% | +5.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 28.44% | -25.36% |
Volatility
EEMS vs. IBIT - Volatility Comparison
The current volatility for iShares MSCI Emerging Markets Small-Cap ETF (EEMS) is 7.07%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that EEMS 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
| EEMS | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.07% | 9.50% | -2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 14.90% | 34.44% | -19.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.30% | 43.73% | -26.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.06% | 50.19% | -34.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 50.19% | -32.20% |
EEMS vs. IBIT - Expense Ratio Comparison
EEMS has a 0.73% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
EEMS vs. IBIT - Dividend Comparison
EEMS's dividend yield for the trailing twelve months is around 2.69%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEMS iShares MSCI Emerging Markets Small-Cap ETF | 2.69% | 3.09% | 2.60% | 2.69% | 0.89% | 3.56% | 2.14% | 2.64% | 3.06% | 2.47% | 2.51% | 2.33% |
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
EEMS and IBIT have a correlation of 0.42, 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 EEMS (7.07%). In terms of maximum drawdown, EEMS dropped -48.89% vs IBIT's -49.36%.
On 1-year performance, EEMS leads with 29.38% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, EEMS has been the lower-risk option at 7.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EEMS has performed better with a 29.38% 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 0.73% for EEMS.
EEMS has the higher dividend yield at 2.69%, compared with 0.00% for IBIT.
EEMS is categorized as Emerging Markets Diversified, while IBIT is Cryptocurrency. EEMS tracks MSCI Emerging Markets Small Cap Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.73% for EEMS and 0.25% for IBIT.
EEMS currently has the higher Sharpe Ratio (1.71 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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