EIRL vs. IBIT
EIRL (iShares MSCI Ireland ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - EIRL is a Europe Equities fund tracking the MSCI Ireland Investable Market 25/50 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, EIRL returned 19.14% vs -38.74% for IBIT. At a 0.26 correlation, their price movements are largely independent. EIRL charges 0.49%/yr vs 0.25%/yr for IBIT.
Performance
EIRL vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, EIRL achieves a 3.82% return, which is significantly higher than IBIT's -25.48% return.
EIRL
- 1D
- -0.80%
- 1M
- 5.57%
- YTD
- 3.82%
- 6M
- 5.87%
- 1Y
- 19.14%
- 3Y*
- 13.07%
- 5Y*
- 6.56%
- 10Y*
- 8.09%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EIRL vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EIRL iShares MSCI Ireland ETF | 3.82% | 28.82% | 4.13% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between EIRL and IBIT is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.26 |
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Return for Risk
EIRL vs. IBIT — Risk / Return Rank
EIRL
IBIT
EIRL vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Ireland ETF (EIRL) 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.
| EIRL | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.96 | ||
| Sortino ratioReturn per unit of downside risk | +2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.86 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | -0.79 | +2.13 |
| Martin ratioReturn relative to average drawdown | 4.41 | -1.36 | +5.78 |
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
| EIRL | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | -0.89 | +1.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.30 | +0.14 |
Drawdowns
EIRL vs. IBIT - Drawdown Comparison
The maximum EIRL drawdown since its inception was -46.48%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for EIRL and IBIT.
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Drawdown Indicators
| EIRL | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.48% | -49.36% | +2.88% |
Max Drawdown (1Y)Largest decline over 1 year | -14.28% | -49.36% | +35.08% |
Max Drawdown (3Y)Largest decline over 3 years | -23.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -40.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.48% | — | — |
Current DrawdownCurrent decline from peak | -1.03% | -48.10% | +47.07% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -16.02% | +6.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.35% | 28.44% | -24.09% |
Volatility
EIRL vs. IBIT - Volatility Comparison
The current volatility for iShares MSCI Ireland ETF (EIRL) is 5.72%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that EIRL 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
| EIRL | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.72% | 9.50% | -3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | 34.44% | -19.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.03% | 43.73% | -25.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.17% | 50.19% | -29.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.76% | 50.19% | -28.43% |
EIRL vs. IBIT - Expense Ratio Comparison
EIRL has a 0.49% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
EIRL vs. IBIT - Dividend Comparison
EIRL's dividend yield for the trailing twelve months is around 2.61%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIRL iShares MSCI Ireland ETF | 2.61% | 2.71% | 2.56% | 1.00% | 1.13% | 0.82% | 0.50% | 2.11% | 1.52% | 1.44% | 1.34% | 1.70% |
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
EIRL and IBIT have a correlation of 0.22, 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 EIRL (5.72%). In terms of maximum drawdown, EIRL dropped -46.48% vs IBIT's -49.36%.
On 1-year performance, EIRL leads with 19.14% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, EIRL has been the lower-risk option at 5.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EIRL has performed better with a 19.14% 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 0.49% for EIRL.
EIRL has the higher dividend yield at 2.61%, compared with 0.00% for IBIT.
EIRL is categorized as Europe Equities, while IBIT is Cryptocurrency. EIRL tracks MSCI Ireland Investable Market 25/50 Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.49% for EIRL and 0.25% for IBIT.
EIRL currently has the higher Sharpe Ratio (1.07 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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