EPHE vs. IBIT

Last updated Jul 17, 2026

EPHE (iShares MSCI Philippines ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - EPHE is a Asia Pacific Equities fund tracking the MSCI Philippines Investable Market 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, EPHE returned -0.89% vs -46.35% for IBIT. At a 0.18 correlation, their price movements are largely independent. EPHE charges 0.59%/yr vs 0.25%/yr for IBIT.

Performance

EPHE vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Philippines ETF (EPHE) and iShares Bitcoin Trust ETF (IBIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPHE achieves a 3.96% return, which is significantly higher than IBIT's -26.71% return.

EPHE

• 1D: 0.99%
• 1M: -2.34%
• 6M: -1.79%
• YTD: 3.96%
• 1Y: -0.89%
• 3Y*: 0.36%
• 5Y*: -0.64%
• 10Y*: -3.21%

IBIT

• 1D: -1.14%
• 1M: -2.10%
• 6M: -32.61%
• YTD: -26.71%
• 1Y: -46.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EPHE vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EPHE iShares MSCI Philippines ETF	3.96%	1.56%	-1.79%
IBIT iShares Bitcoin Trust ETF	-26.71%	-6.41%	89.87%

Correlation

The correlation between EPHE and IBIT is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.18

Return for Risk

EPHE vs. IBIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EPHE

EPHE Risk / Return Rank: 9
EPHE Sharpe Ratio Rank: 9
EPHE Sortino Ratio Rank: 9
EPHE Omega Ratio Rank: 9
EPHE Calmar Ratio Rank: 9
EPHE Martin Ratio Rank: 9

IBIT

IBIT Risk / Return Rank: 1
IBIT Sharpe Ratio Rank: 1
IBIT Sortino Ratio Rank: 2
IBIT Omega Ratio Rank: 2
IBIT Calmar Ratio Rank: 2
IBIT Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EPHE vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Philippines ETF (EPHE) 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.

	EPHE	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	-0.04	-1.05	+1.01
Sortino ratio: Return per unit of downside risk	0.09	-1.59	+1.67
Omega ratio: Gain probability vs. loss probability	1.01	0.82	+0.18
Calmar ratio: Return relative to maximum drawdown	-0.06	-0.87	+0.82
Martin ratio: Return relative to average drawdown	-0.10	-1.40	+1.30

EPHE vs. IBIT - Sharpe Ratio Comparison

The current EPHE Sharpe Ratio is -0.04, which is higher than the IBIT Sharpe Ratio of -1.05. The chart below compares the historical Sharpe Ratios of EPHE and IBIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EPHE vs. IBIT - Drawdown Comparison

The maximum EPHE drawdown since its inception was -53.82%, roughly equal to the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for EPHE and IBIT.

Drawdown Indicators

	EPHE	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-53.82%	-53.30%	-0.52%
Max Drawdown (1Y) Largest decline over 1 year	-15.90%	-53.30%	+37.40%
Max Drawdown (3Y) Largest decline over 3 years	-21.42%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.96%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.62%	—	—
Current Drawdown Current decline from peak	-31.26%	-48.95%	+17.69%
Average Drawdown Average peak-to-trough decline	-21.07%	-17.71%	-3.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.83%	33.14%	-24.31%

Volatility

EPHE vs. IBIT - Volatility Comparison

The current volatility for iShares MSCI Philippines ETF (EPHE) is 7.10%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 10.89%. This indicates that EPHE 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.

Volatility by Period

	EPHE	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.10%	10.89%	-3.79%
Volatility (6M) Calculated over the trailing 6-month period	15.94%	34.83%	-18.89%
Volatility (1Y) Calculated over the trailing 1-year period	20.56%	44.38%	-23.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.44%	49.92%	-31.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.28%	49.92%	-27.64%

EPHE vs. IBIT - Expense Ratio Comparison

EPHE has a 0.59% expense ratio, which is higher than IBIT's 0.25% expense ratio.

Dividends

EPHE vs. IBIT - Dividend Comparison

EPHE's dividend yield for the trailing twelve months is around 2.67%, while IBIT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPHE iShares MSCI Philippines ETF	2.67%	2.11%	2.32%	2.01%	1.73%	1.05%	0.72%	0.78%	0.45%	0.36%	0.71%	1.03%
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

Can I hold both EPHE and IBIT in my portfolio?

EPHE and IBIT have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPHE or IBIT?

IBIT has higher volatility (10.89%) compared to EPHE (7.10%). In terms of maximum drawdown, EPHE dropped -53.82% vs IBIT's -53.30%.

Which ETF is better, EPHE or IBIT?

On 1-year performance, EPHE leads with -0.89% vs -46.35% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, EPHE has been the lower-risk option at 7.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EPHE or IBIT?

Over the 1-year period, EPHE has performed better with a -0.89% return vs -46.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EPHE or IBIT?

IBIT is cheaper with a 0.25% expense ratio, compared with 0.59% for EPHE.

Which ETF pays a higher dividend yield, EPHE or IBIT?

EPHE has the higher dividend yield at 2.67%, compared with 0.00% for IBIT.

What is the main difference between EPHE and IBIT?

EPHE is categorized as Asia Pacific Equities, while IBIT is Cryptocurrency. EPHE tracks MSCI Philippines Investable Market Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.59% for EPHE and 0.25% for IBIT.

Which has better risk-adjusted returns?

EPHE currently has the higher Sharpe Ratio (-0.04 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.