EWA vs. IBIT
EWA (iShares MSCI-Australia ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - EWA is a Asia Pacific Equities fund tracking the MSCI Australia 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, EWA returned 12.05% vs -39.82% for IBIT. At a 0.35 correlation, their price movements are largely independent. EWA charges 0.50%/yr vs 0.25%/yr for IBIT.
Performance
EWA vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, EWA achieves a 8.49% return, which is significantly higher than IBIT's -28.88% return.
EWA
- 1D
- -1.51%
- 1M
- -1.27%
- YTD
- 8.49%
- 6M
- 6.78%
- 1Y
- 12.05%
- 3Y*
- 11.88%
- 5Y*
- 5.49%
- 10Y*
- 8.38%
IBIT
- 1D
- -3.26%
- 1M
- -17.81%
- YTD
- -28.88%
- 6M
- -28.88%
- 1Y
- -39.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EWA vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EWA iShares MSCI-Australia ETF | 8.49% | 13.35% | 4.43% |
IBIT iShares Bitcoin Trust ETF | -28.88% | -6.41% | 89.87% |
Correlation
The correlation between EWA and IBIT is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.35 |
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Return for Risk
EWA vs. IBIT — Risk / Return Rank
EWA
IBIT
EWA vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI-Australia ETF (EWA) 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.
| EWA | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.60 | ||
| Sortino ratioReturn per unit of downside risk | +2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.86 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | -0.77 | +1.98 |
| Martin ratioReturn relative to average drawdown | 3.29 | -1.30 | +4.59 |
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Drawdowns
EWA vs. IBIT - Drawdown Comparison
The maximum EWA drawdown since its inception was -66.98%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for EWA and IBIT.
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Drawdown Indicators
| EWA | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.98% | -52.11% | -14.87% |
Max Drawdown (1Y)Largest decline over 1 year | -10.01% | -52.11% | +42.10% |
Max Drawdown (3Y)Largest decline over 3 years | -21.91% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.54% | — | — |
Current DrawdownCurrent decline from peak | -6.10% | -50.47% | +44.37% |
Average DrawdownAverage peak-to-trough decline | -11.32% | -16.85% | +5.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 30.58% | -26.91% |
Volatility
EWA vs. IBIT - Volatility Comparison
The current volatility for iShares MSCI-Australia ETF (EWA) is 5.73%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.18%. This indicates that EWA 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
| EWA | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 13.18% | -7.45% |
Volatility (6M)Calculated over the trailing 6-month period | 14.76% | 34.64% | -19.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.44% | 44.31% | -26.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.80% | 50.22% | -30.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.55% | 50.22% | -27.67% |
EWA vs. IBIT - Expense Ratio Comparison
EWA has a 0.50% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
EWA vs. IBIT - Dividend Comparison
EWA's dividend yield for the trailing twelve months is around 3.03%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWA iShares MSCI-Australia ETF | 3.03% | 3.21% | 3.71% | 3.72% | 5.28% | 5.08% | 2.02% | 3.97% | 6.11% | 4.44% | 4.03% | 5.48% |
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
EWA and IBIT have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (13.18%) compared to EWA (5.73%). In terms of maximum drawdown, EWA dropped -66.98% vs IBIT's -52.11%.
On 1-year performance, EWA leads with 12.05% vs -39.82% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, EWA has been the lower-risk option at 5.73%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EWA has performed better with a 12.05% return vs -39.82%. 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 0.50% for EWA.
EWA has the higher dividend yield at 3.03%, compared with 0.00% for IBIT.
EWA is categorized as Asia Pacific Equities, while IBIT is Cryptocurrency. EWA tracks MSCI Australia Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.50% for EWA and 0.25% for IBIT.
EWA currently has the higher Sharpe Ratio (0.70 vs -0.90), 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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