EMXF vs. IBIT
EMXF (iShares ESG Advanced MSCI EM ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - EMXF is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Choice ESG Screened 5% Issuer Capped 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, EMXF returned 47.21% vs -38.74% for IBIT. At a 0.35 correlation, their price movements are largely independent. EMXF charges 0.16%/yr vs 0.25%/yr for IBIT.
Performance
EMXF vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, EMXF achieves a 24.76% return, which is significantly higher than IBIT's -25.48% return.
EMXF
- 1D
- -1.30%
- 1M
- 8.70%
- YTD
- 24.76%
- 6M
- 27.57%
- 1Y
- 47.21%
- 3Y*
- 21.67%
- 5Y*
- 7.15%
- 10Y*
- —
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMXF vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EMXF iShares ESG Advanced MSCI EM ETF | 24.76% | 29.40% | 10.78% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between EMXF 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 | 0.35 |
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Return for Risk
EMXF vs. IBIT — Risk / Return Rank
EMXF
IBIT
EMXF vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced MSCI EM ETF (EMXF) 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.
| EMXF | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.44 | ||
| Sortino ratioReturn per unit of downside risk | +4.64 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 0.86 | +0.60 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | -0.79 | +4.57 |
| Martin ratioReturn relative to average drawdown | 14.56 | -1.36 | +15.92 |
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
| EMXF | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.55 | -0.89 | +3.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.30 | +0.22 |
Drawdowns
EMXF vs. IBIT - Drawdown Comparison
The maximum EMXF drawdown since its inception was -33.13%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for EMXF and IBIT.
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Drawdown Indicators
| EMXF | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.13% | -49.36% | +16.23% |
Max Drawdown (1Y)Largest decline over 1 year | -12.53% | -49.36% | +36.83% |
Max Drawdown (3Y)Largest decline over 3 years | -15.93% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.89% | — | — |
Current DrawdownCurrent decline from peak | -1.30% | -48.10% | +46.80% |
Average DrawdownAverage peak-to-trough decline | -12.02% | -16.02% | +4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 28.44% | -25.19% |
Volatility
EMXF vs. IBIT - Volatility Comparison
The current volatility for iShares ESG Advanced MSCI EM ETF (EMXF) is 8.10%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that EMXF 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
| EMXF | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.10% | 9.50% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 16.13% | 34.44% | -18.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.60% | 43.73% | -25.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.15% | 50.19% | -28.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.77% | 50.19% | -28.42% |
EMXF vs. IBIT - Expense Ratio Comparison
EMXF has a 0.16% expense ratio, which is lower than IBIT's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EMXF vs. IBIT - Dividend Comparison
EMXF's dividend yield for the trailing twelve months is around 2.75%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EMXF iShares ESG Advanced MSCI EM ETF | 2.75% | 3.43% | 2.92% | 2.25% | 2.42% | 1.87% | 0.41% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMXF 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 EMXF (8.10%). In terms of maximum drawdown, EMXF dropped -33.13% vs IBIT's -49.36%.
On 1-year performance, EMXF leads with 47.21% vs -38.74% for IBIT. On fees, EMXF is cheaper at 0.16% per year. On volatility, EMXF has been the lower-risk option at 8.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EMXF has performed better with a 47.21% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMXF is cheaper with a 0.16% expense ratio, compared with 0.25% for IBIT.
EMXF has the higher dividend yield at 2.75%, compared with 0.00% for IBIT.
EMXF is categorized as Emerging Markets Equities, while IBIT is Cryptocurrency. EMXF tracks MSCI Emerging Markets Choice ESG Screened 5% Issuer Capped Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.16% for EMXF and 0.25% for IBIT.
EMXF currently has the higher Sharpe Ratio (2.55 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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