EWT vs. IBIT

Last updated Jun 4, 2026

EWT (iShares MSCI Taiwan ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - EWT is a Asia Pacific Equities fund tracking the MSCI Taiwan 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, EWT returned 110.37% vs -38.74% for IBIT. At a 0.32 correlation, their price movements are largely independent. EWT charges 0.59%/yr vs 0.25%/yr for IBIT.

Performance

EWT vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Taiwan ETF (EWT) 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, EWT achieves a 68.27% return, which is significantly higher than IBIT's -25.48% return.

EWT

• 1D: -0.20%
• 1M: 18.24%
• YTD: 68.27%
• 6M: 72.42%
• 1Y: 110.37%
• 3Y*: 38.34%
• 5Y*: 18.33%
• 10Y*: 19.90%

IBIT

• 1D: -2.76%
• 1M: -18.50%
• YTD: -25.48%
• 6M: -29.84%
• 1Y: -38.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EWT vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EWT iShares MSCI Taiwan ETF	68.27%	28.38%	21.47%
IBIT iShares Bitcoin Trust ETF	-25.48%	-6.41%	99.21%

Correlation

The correlation between EWT and IBIT is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024	0.32

The correlation between EWT and IBIT shifts across timeframes, from 0.32 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EWT vs. IBIT — Risk / Return Rank

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

EWT

EWT Risk / Return Rank: 95
EWT Sharpe Ratio Rank: 96
EWT Sortino Ratio Rank: 94
EWT Omega Ratio Rank: 94
EWT Calmar Ratio Rank: 97
EWT Martin Ratio Rank: 95

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.

EWT vs. IBIT - Risk-Adjusted Trends Comparison

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

	EWT	IBIT	Difference
Sharpe ratio Return per unit of total volatility	4.42	-0.89	+5.31
Sortino ratio Return per unit of downside risk	5.00	-1.23	+6.23
Omega ratio Gain probability vs. loss probability	1.69	0.86	+0.83
Calmar ratio Return relative to maximum drawdown	10.56	-0.79	+11.35
Martin ratio Return relative to average drawdown	32.40	-1.36	+33.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EWT vs. IBIT - Sharpe Ratio Comparison

The current EWT Sharpe Ratio is 4.42, which is higher than the IBIT Sharpe Ratio of -0.89. The chart below compares the historical Sharpe Ratios of EWT 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

	EWT	IBIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.42	-0.89	+5.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.92	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.30	-0.04

Drawdowns

EWT vs. IBIT - Drawdown Comparison

The maximum EWT drawdown since its inception was -64.37%, which is greater than IBIT's maximum drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for EWT and IBIT.

Drawdown Indicators

	EWT	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-64.37%	-49.36%	-15.01%
Max Drawdown (1Y) Largest decline over 1 year	-10.51%	-49.36%	+38.85%
Max Drawdown (3Y) Largest decline over 3 years	-25.66%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.88%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.88%	—	—
Current Drawdown Current decline from peak	-0.20%	-48.10%	+47.90%
Average Drawdown Average peak-to-trough decline	-19.23%	-16.02%	-3.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	28.44%	-25.02%

Volatility

EWT vs. IBIT - Volatility Comparison

iShares MSCI Taiwan ETF (EWT) has a higher volatility of 10.43% compared to iShares Bitcoin Trust ETF (IBIT) at 9.50%. This indicates that EWT'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

	EWT	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.43%	9.50%	+0.93%
Volatility (6M) Calculated over the trailing 6-month period	20.52%	34.44%	-13.92%
Volatility (1Y) Calculated over the trailing 1-year period	25.10%	43.73%	-18.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.59%	50.19%	-27.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.60%	50.19%	-28.59%

EWT vs. IBIT - Expense Ratio Comparison

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

Dividends

EWT vs. IBIT - Dividend Comparison

EWT's dividend yield for the trailing twelve months is around 2.63%, while IBIT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EWT iShares MSCI Taiwan ETF	2.63%	4.43%	3.32%	8.12%	18.82%	0.55%	1.83%	2.49%	3.16%	2.81%	2.39%	3.12%
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 EWT and IBIT in my portfolio?

EWT and IBIT have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EWT or IBIT?

EWT has higher volatility (10.43%) compared to IBIT (9.50%). In terms of maximum drawdown, EWT dropped -64.37% vs IBIT's -49.36%.

Which ETF is better, EWT or IBIT?

On 1-year performance, EWT leads with 110.37% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 9.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EWT or IBIT?

Over the 1-year period, EWT has performed better with a 110.37% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EWT or IBIT?

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

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

EWT has the higher dividend yield at 2.63%, compared with 0.00% for IBIT.

What is the main difference between EWT and IBIT?

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

Which has better risk-adjusted returns?

EWT currently has the higher Sharpe Ratio (4.42 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.