EWM vs. IBIT
EWM (iShares MSCI Malaysia ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - EWM is a Asia Pacific Equities fund tracking the MSCI Malaysia 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, EWM returned 21.56% vs -43.69% for IBIT. Their 0.24 correlation means their historical movements had little consistent relationship. EWM charges 0.49%/yr vs 0.25%/yr for IBIT.
Performance
EWM vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, EWM achieves a 4.87% return, which is significantly higher than IBIT's -27.17% return.
EWM
- 1D
- 0.11%
- 1M
- 4.23%
- 6M
- -2.14%
- YTD
- 4.87%
- 1Y
- 21.56%
- 3Y*
- 13.59%
- 5Y*
- 6.70%
- 10Y*
- 2.51%
- ALL TIME*
- 1.91%
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) |
|---|---|---|---|
| $7.74M | $6.46M | $7.58M | |
| $1.33B | $1.34B | $1.65B |
EWM vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EWM iShares MSCI Malaysia ETF | 4.87% | 15.74% | 18.23% |
IBIT iShares Bitcoin Trust ETF | -27.17% | -6.41% | 89.87% |
Correlation
The correlation between EWM and IBIT is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.24 |
The correlation between EWM and IBIT shifts across timeframes, from 0.24 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EWM vs. IBIT — Risk / Return Rank
EWM
IBIT
EWM vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Malaysia ETF (EWM) 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.
| EWM | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.52 | ||
| Sortino ratioReturn per unit of downside risk | +3.61 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.84 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | -0.82 | +2.86 |
| Martin ratioReturn relative to average drawdown | 5.39 | -1.26 | +6.65 |
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Drawdowns
EWM vs. IBIT - Drawdown Comparison
The maximum EWM drawdown since its inception was -89.19%, which is greater than IBIT's maximum drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for EWM and IBIT.
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Drawdown Indicators
| EWM | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.19% | -53.30% | -35.89% |
Max Drawdown (1Y)Largest decline over 1 year | -10.61% | -53.30% | +42.69% |
Max Drawdown (3Y)Largest decline over 3 years | -21.31% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.81% | — | — |
Current DrawdownCurrent decline from peak | -7.32% | -49.28% | +41.96% |
Average DrawdownAverage peak-to-trough decline | -31.70% | -18.29% | -13.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 34.80% | -30.79% |
Volatility
EWM vs. IBIT - Volatility Comparison
The current volatility for iShares MSCI Malaysia ETF (EWM) is 3.61%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.98%. This indicates that EWM 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
| EWM | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 8.98% | -5.37% |
Volatility (6M)Calculated over the trailing 6-month period | 10.74% | 33.79% | -23.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.14% | 44.48% | -30.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.79% | 49.57% | -35.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 49.57% | -33.41% |
EWM vs. IBIT - Expense Ratio Comparison
EWM has a 0.49% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
EWM vs. IBIT - Dividend Comparison
EWM's dividend yield for the trailing twelve months is around 3.55%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWM iShares MSCI Malaysia ETF | 3.55% | 3.41% | 3.32% | 3.47% | 3.00% | 6.48% | 1.89% | 2.91% | 3.84% | 5.58% | 5.97% | 37.54% |
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
EWM 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.
IBIT has higher volatility (8.98%) compared to EWM (3.61%). In terms of maximum drawdown, EWM dropped -89.19% vs IBIT's -53.30%.
On 1-year performance, EWM leads with 21.56% vs -43.69% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, EWM has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EWM has performed better with a 21.56% 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 EWM.
EWM has the higher dividend yield at 3.55%, compared with 0.00% for IBIT.
EWM is categorized as Asia Pacific Equities, while IBIT is Cryptocurrency. EWM tracks MSCI Malaysia Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.49% for EWM and 0.25% for IBIT.
EWM currently has the higher Sharpe Ratio (1.53 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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