EPU vs. IBIT

Last updated Jun 6, 2026

EPU (iShares MSCI Peru ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - EPU is a Mid Cap Blend Equities fund tracking the MSCI All Peru 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, EPU returned 64.72% vs -41.01% for IBIT. At a 0.29 correlation, their price movements are largely independent. EPU charges 0.59%/yr vs 0.25%/yr for IBIT.

Performance

EPU vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Peru ETF (EPU) 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, EPU achieves a 8.58% return, which is significantly higher than IBIT's -31.24% return.

EPU

• 1D: -6.28%
• 1M: -4.01%
• YTD: 8.58%
• 6M: 17.68%
• 1Y: 64.72%
• 3Y*: 41.90%
• 5Y*: 22.72%
• 10Y*: 13.41%

IBIT

• 1D: -5.22%
• 1M: -26.09%
• YTD: -31.24%
• 6M: -32.65%
• 1Y: -41.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EPU vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EPU iShares MSCI Peru ETF	8.58%	86.87%	24.32%
IBIT iShares Bitcoin Trust ETF	-31.24%	-6.41%	99.21%

Correlation

The correlation between EPU and IBIT is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024	0.29

Return for Risk

EPU vs. IBIT — Risk / Return Rank

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

EPU

EPU Risk / Return Rank: 61
EPU Sharpe Ratio Rank: 68
EPU Sortino Ratio Rank: 57
EPU Omega Ratio Rank: 61
EPU Calmar Ratio Rank: 65
EPU Martin Ratio Rank: 55

IBIT

IBIT Risk / Return Rank: 2
IBIT Sharpe Ratio Rank: 2
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.

EPU vs. IBIT - Risk-Adjusted Trends Comparison

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

	EPU	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	2.17	-0.94	+3.10
Sortino ratio: Return per unit of downside risk	2.60	-1.32	+3.92
Omega ratio: Gain probability vs. loss probability	1.36	0.85	+0.50
Calmar ratio: Return relative to maximum drawdown	3.12	-0.79	+3.91
Martin ratio: Return relative to average drawdown	9.25	-1.43	+10.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EPU vs. IBIT - Sharpe Ratio Comparison

The current EPU Sharpe Ratio is 2.17, which is higher than the IBIT Sharpe Ratio of -0.94. The chart below compares the historical Sharpe Ratios of EPU 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.

Sharpe Ratios by Period

	EPU	IBIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	-0.94	+3.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.22	+0.21

Drawdowns

EPU vs. IBIT - Drawdown Comparison

The maximum EPU drawdown since its inception was -60.62%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for EPU and IBIT.

Drawdown Indicators

	EPU	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-60.62%	-52.11%	-8.51%
Max Drawdown (1Y) Largest decline over 1 year	-20.85%	-52.11%	+31.26%
Max Drawdown (3Y) Largest decline over 3 years	-20.85%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.59%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-50.97%	—	—
Current Drawdown Current decline from peak	-16.28%	-52.11%	+35.83%
Average Drawdown Average peak-to-trough decline	-18.82%	-16.13%	-2.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.02%	28.80%	-21.78%

Volatility

EPU vs. IBIT - Volatility Comparison

iShares MSCI Peru ETF (EPU) has a higher volatility of 10.84% compared to iShares Bitcoin Trust ETF (IBIT) at 9.97%. This indicates that EPU'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.

Volatility by Period

	EPU	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.84%	9.97%	+0.87%
Volatility (6M) Calculated over the trailing 6-month period	25.85%	34.18%	-8.33%
Volatility (1Y) Calculated over the trailing 1-year period	30.03%	44.04%	-14.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.20%	50.26%	-25.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.51%	50.26%	-26.75%

EPU vs. IBIT - Expense Ratio Comparison

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

Dividends

EPU vs. IBIT - Dividend Comparison

EPU's dividend yield for the trailing twelve months is around 1.50%, while IBIT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPU iShares MSCI Peru ETF	1.50%	1.63%	5.78%	4.17%	5.56%	3.13%	1.91%	2.67%	1.53%	3.30%	0.85%	1.90%
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 EPU and IBIT in my portfolio?

EPU and IBIT have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPU or IBIT?

EPU has higher volatility (10.84%) compared to IBIT (9.97%). In terms of maximum drawdown, EPU dropped -60.62% vs IBIT's -52.11%.

Which ETF is better, EPU or IBIT?

On 1-year performance, EPU leads with 64.72% vs -41.01% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 9.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EPU or IBIT?

Over the 1-year period, EPU has performed better with a 64.72% return vs -41.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EPU or IBIT?

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

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

EPU has the higher dividend yield at 1.50%, compared with 0.00% for IBIT.

What is the main difference between EPU and IBIT?

EPU is categorized as Mid Cap Blend Equities, while IBIT is Cryptocurrency. EPU tracks MSCI All Peru Capped Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.59% for EPU and 0.25% for IBIT.

Which has better risk-adjusted returns?

EPU currently has the higher Sharpe Ratio (2.17 vs -0.94), 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.