EMGF vs. IBIT
EMGF (iShares Edge MSCI Multifactor Emerging Markets ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - EMGF is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Diversified Multiple-Factor 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, EMGF returned 36.60% vs -46.35% for IBIT. At a 0.37 correlation, their price movements are largely independent. EMGF charges 0.45%/yr vs 0.25%/yr for IBIT.
Performance
EMGF vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, EMGF achieves a 21.87% return, which is significantly higher than IBIT's -26.32% return.
EMGF
- 1D
- 1.22%
- 1M
- -3.65%
- 6M
- 16.07%
- YTD
- 21.87%
- 1Y
- 36.60%
- 3Y*
- 22.20%
- 5Y*
- 9.41%
- 10Y*
- 10.08%
IBIT
- 1D
- 3.86%
- 1M
- 1.50%
- 6M
- -31.72%
- YTD
- -26.32%
- 1Y
- -46.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMGF vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF | 21.87% | 31.41% | 12.61% |
IBIT iShares Bitcoin Trust ETF | -26.32% | -6.41% | 89.87% |
Correlation
The correlation between EMGF and IBIT is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.37 |
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Return for Risk
EMGF vs. IBIT — Risk / Return Rank
EMGF
IBIT
EMGF vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF) 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.
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.
| EMGF | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.62 | ||
| Sortino ratioReturn per unit of downside risk | +3.68 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.83 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | -0.87 | +3.59 |
| Martin ratioReturn relative to average drawdown | 9.21 | -1.41 | +10.62 |
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Drawdowns
EMGF vs. IBIT - Drawdown Comparison
The maximum EMGF drawdown since its inception was -40.23%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for EMGF and IBIT.
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Drawdown Indicators
| EMGF | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.23% | -53.30% | +13.07% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -53.30% | +39.76% |
Max Drawdown (3Y)Largest decline over 3 years | -17.65% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.17% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.23% | — | — |
Current DrawdownCurrent decline from peak | -8.35% | -48.69% | +40.34% |
Average DrawdownAverage peak-to-trough decline | -10.00% | -17.61% | +7.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 32.86% | -28.88% |
Volatility
EMGF vs. IBIT - Volatility Comparison
The current volatility for iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF) is 10.12%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 11.82%. This indicates that EMGF 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
| EMGF | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.12% | 11.82% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 21.57% | 35.03% | -13.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.42% | 44.48% | -21.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.54% | 49.99% | -31.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.72% | 49.99% | -30.27% |
EMGF vs. IBIT - Expense Ratio Comparison
EMGF has a 0.45% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
EMGF vs. IBIT - Dividend Comparison
EMGF's dividend yield for the trailing twelve months is around 2.06%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF | 2.06% | 2.52% | 3.42% | 5.94% | 4.04% | 2.48% | 1.95% | 2.63% | 2.73% | 1.94% | 2.04% |
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% |
Frequently Asked Questions
EMGF and IBIT have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (11.82%) compared to EMGF (10.12%). In terms of maximum drawdown, EMGF dropped -40.23% vs IBIT's -53.30%.
On 1-year performance, EMGF leads with 36.60% vs -46.35% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, EMGF has been the lower-risk option at 10.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EMGF has performed better with a 36.60% return vs -46.35%. 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 0.45% for EMGF.
EMGF has the higher dividend yield at 2.06%, compared with 0.00% for IBIT.
EMGF is categorized as Emerging Markets Equities, while IBIT is Cryptocurrency. EMGF tracks MSCI Emerging Markets Diversified Multiple-Factor Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.45% for EMGF and 0.25% for IBIT.
EMGF currently has the higher Sharpe Ratio (1.57 vs -1.05), 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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