EIS vs. IBIT
EIS (iShares MSCI Israel ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - EIS is a Foreign Large Cap Equities fund tracking the MSCI Israel Capped Investable Market Index (Net), while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, EIS returned 54.91% vs -38.74% for IBIT. At a 0.34 correlation, their price movements are largely independent. EIS charges 0.59%/yr vs 0.25%/yr for IBIT.
Performance
EIS vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, EIS achieves a 18.19% return, which is significantly higher than IBIT's -25.48% return.
EIS
- 1D
- -1.92%
- 1M
- -2.12%
- YTD
- 18.19%
- 6M
- 22.47%
- 1Y
- 54.91%
- 3Y*
- 37.61%
- 5Y*
- 15.32%
- 10Y*
- 11.97%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EIS vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EIS iShares MSCI Israel ETF | 18.19% | 45.11% | 35.64% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between EIS and IBIT is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.34 |
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Return for Risk
EIS vs. IBIT — Risk / Return Rank
EIS
IBIT
EIS vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Israel ETF (EIS) 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.
| EIS | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.34 | ||
| Sortino ratioReturn per unit of downside risk | +4.58 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.86 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 4.45 | -0.79 | +5.24 |
| Martin ratioReturn relative to average drawdown | 16.54 | -1.36 | +17.91 |
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
| EIS | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.45 | -0.89 | +3.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.30 | +0.03 |
Drawdowns
EIS vs. IBIT - Drawdown Comparison
The maximum EIS drawdown since its inception was -51.94%, which is greater than IBIT's maximum drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for EIS and IBIT.
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Drawdown Indicators
| EIS | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.94% | -49.36% | -2.58% |
Max Drawdown (1Y)Largest decline over 1 year | -12.40% | -49.36% | +36.96% |
Max Drawdown (3Y)Largest decline over 3 years | -24.10% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -41.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.88% | — | — |
Current DrawdownCurrent decline from peak | -5.56% | -48.10% | +42.54% |
Average DrawdownAverage peak-to-trough decline | -13.90% | -16.02% | +2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 28.44% | -25.11% |
Volatility
EIS vs. IBIT - Volatility Comparison
The current volatility for iShares MSCI Israel ETF (EIS) is 6.64%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that EIS 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
| EIS | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.64% | 9.50% | -2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 16.05% | 34.44% | -18.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.56% | 43.73% | -21.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.81% | 50.19% | -28.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.08% | 50.19% | -29.11% |
EIS vs. IBIT - Expense Ratio Comparison
EIS has a 0.59% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
EIS vs. IBIT - Dividend Comparison
EIS's dividend yield for the trailing twelve months is around 1.22%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIS iShares MSCI Israel ETF | 1.22% | 1.44% | 1.38% | 1.39% | 1.66% | 1.04% | 0.16% | 2.06% | 0.87% | 2.02% | 1.78% | 2.55% |
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
EIS and IBIT have a correlation of 0.41, 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 EIS (6.64%). In terms of maximum drawdown, EIS dropped -51.94% vs IBIT's -49.36%.
On 1-year performance, EIS leads with 54.91% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, EIS has been the lower-risk option at 6.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EIS has performed better with a 54.91% 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 0.59% for EIS.
EIS has the higher dividend yield at 1.22%, compared with 0.00% for IBIT.
EIS is categorized as Foreign Large Cap Equities, while IBIT is Cryptocurrency. EIS tracks MSCI Israel Capped Investable Market Index (Net), while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.59% for EIS and 0.25% for IBIT.
EIS currently has the higher Sharpe Ratio (2.45 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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