EMXC vs. IBIT
EMXC (iShares MSCI Emerging Markets ex China ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - EMXC is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ex China 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, EMXC returned 51.73% vs -43.69% for IBIT. Their 0.35 correlation means their historical movements had little consistent relationship. EMXC charges 0.49%/yr vs 0.25%/yr for IBIT.
Performance
EMXC vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, EMXC achieves a 28.12% return, which is significantly higher than IBIT's -27.17% return.
EMXC
- 1D
- 0.49%
- 1M
- -4.55%
- 6M
- 15.83%
- YTD
- 28.12%
- 1Y
- 51.73%
- 3Y*
- 23.89%
- 5Y*
- 10.90%
- 10Y*
- —
- ALL TIME*
- 9.40%
IBIT
- 1D
- 1.46%
- 1M
- 3.70%
- 6M
- -18.23%
- YTD
- -27.17%
- 1Y
- -43.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $255.60M | $267.52M | $279.80M | |
| $1.33B | $1.34B | $1.65B |
EMXC vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EMXC iShares MSCI Emerging Markets ex China ETF | 28.12% | 35.14% | 5.13% |
IBIT iShares Bitcoin Trust ETF | -27.17% | -6.41% | 89.87% |
Correlation
The correlation between EMXC and IBIT is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.35 |
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Return for Risk
EMXC vs. IBIT — Risk / Return Rank
EMXC
IBIT
EMXC vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets ex China ETF (EMXC) 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.
| EMXC | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.87 | ||
| Sortino ratioReturn per unit of downside risk | +3.84 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.84 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | -0.82 | +3.64 |
| Martin ratioReturn relative to average drawdown | 9.91 | -1.26 | +11.17 |
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Drawdowns
EMXC vs. IBIT - Drawdown Comparison
The maximum EMXC drawdown since its inception was -42.81%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for EMXC and IBIT.
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Drawdown Indicators
| EMXC | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.81% | -53.30% | +10.49% |
Max Drawdown (1Y)Largest decline over 1 year | -18.43% | -53.30% | +34.87% |
Max Drawdown (3Y)Largest decline over 3 years | -19.12% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.91% | — | — |
Current DrawdownCurrent decline from peak | -13.07% | -49.28% | +36.21% |
Average DrawdownAverage peak-to-trough decline | -10.15% | -18.29% | +8.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.23% | 34.80% | -29.57% |
Volatility
EMXC vs. IBIT - Volatility Comparison
iShares MSCI Emerging Markets ex China ETF (EMXC) has a higher volatility of 10.77% compared to iShares Bitcoin Trust ETF (IBIT) at 8.98%. This indicates that EMXC's price experiences larger fluctuations and is considered to be riskier 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
| EMXC | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.77% | 8.98% | +1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 25.82% | 33.79% | -7.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.64% | 44.48% | -16.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.04% | 49.57% | -30.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.50% | 49.57% | -29.07% |
EMXC vs. IBIT - Expense Ratio Comparison
EMXC has a 0.49% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
EMXC vs. IBIT - Dividend Comparison
EMXC's dividend yield for the trailing twelve months is around 2.08%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EMXC iShares MSCI Emerging Markets ex China ETF | 2.08% | 2.82% | 2.69% | 1.83% | 2.85% | 1.78% | 1.45% | 3.25% | 2.63% | 0.99% |
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% |
Frequently Asked Questions
EMXC 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.
EMXC has higher volatility (10.77%) compared to IBIT (8.98%). In terms of maximum drawdown, EMXC dropped -42.81% vs IBIT's -53.30%.
On 1-year performance, EMXC leads with 51.73% vs -43.69% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 8.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EMXC has performed better with a 51.73% return vs -43.69%. 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 EMXC.
EMXC has the higher dividend yield at 2.08%, compared with 0.00% for IBIT.
EMXC is categorized as Emerging Markets Equities, while IBIT is Cryptocurrency. EMXC tracks MSCI Emerging Markets ex China Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.49% for EMXC and 0.25% for IBIT.
EMXC currently has the higher Sharpe Ratio (1.88 vs -0.99), 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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