EWU vs. IBIT
EWU (iShares MSCI United Kingdom ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - EWU is a Europe Equities fund tracking the MSCI United Kingdom 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, EWU returned 21.33% vs -39.60% for IBIT. At a 0.27 correlation, their price movements are largely independent. EWU charges 0.50%/yr vs 0.25%/yr for IBIT.
Performance
EWU vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, EWU achieves a 6.59% return, which is significantly higher than IBIT's -27.45% return.
EWU
- 1D
- 0.99%
- 1M
- 0.93%
- YTD
- 6.59%
- 6M
- 10.05%
- 1Y
- 21.33%
- 3Y*
- 17.73%
- 5Y*
- 10.86%
- 10Y*
- 7.86%
IBIT
- 1D
- -2.65%
- 1M
- -22.17%
- YTD
- -27.45%
- 6M
- -31.40%
- 1Y
- -39.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EWU vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EWU iShares MSCI United Kingdom ETF | 6.59% | 34.95% | 8.05% |
IBIT iShares Bitcoin Trust ETF | -27.45% | -6.41% | 99.21% |
Correlation
The correlation between EWU and IBIT is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.27 |
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Return for Risk
EWU vs. IBIT — Risk / Return Rank
EWU
IBIT
EWU vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI United Kingdom ETF (EWU) 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.
| EWU | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.40 | ||
| Sortino ratioReturn per unit of downside risk | +3.38 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.86 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | -0.80 | +2.96 |
| Martin ratioReturn relative to average drawdown | 7.80 | -1.39 | +9.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EWU | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | -0.91 | +2.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.27 | -0.01 |
Drawdowns
EWU vs. IBIT - Drawdown Comparison
The maximum EWU drawdown since its inception was -63.99%, which is greater than IBIT's maximum drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for EWU and IBIT.
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Drawdown Indicators
| EWU | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.99% | -49.47% | -14.52% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -49.47% | +39.55% |
Max Drawdown (3Y)Largest decline over 3 years | -12.63% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.33% | — | — |
Current DrawdownCurrent decline from peak | -3.70% | -49.47% | +45.77% |
Average DrawdownAverage peak-to-trough decline | -14.16% | -16.07% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 28.61% | -25.87% |
Volatility
EWU vs. IBIT - Volatility Comparison
The current volatility for iShares MSCI United Kingdom ETF (EWU) is 5.64%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.14%. This indicates that EWU 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
| EWU | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 9.14% | -3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 12.33% | 33.89% | -21.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.40% | 43.76% | -29.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.43% | 50.18% | -33.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 50.18% | -31.34% |
EWU vs. IBIT - Expense Ratio Comparison
EWU has a 0.50% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
EWU vs. IBIT - Dividend Comparison
EWU's dividend yield for the trailing twelve months is around 3.50%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWU iShares MSCI United Kingdom ETF | 3.50% | 3.73% | 4.16% | 4.14% | 3.43% | 4.35% | 2.48% | 4.13% | 4.98% | 3.91% | 3.97% | 4.11% |
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
EWU and IBIT have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.14%) compared to EWU (5.64%). In terms of maximum drawdown, EWU dropped -63.99% vs IBIT's -49.47%.
On 1-year performance, EWU leads with 21.33% vs -39.60% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, EWU has been the lower-risk option at 5.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EWU has performed better with a 21.33% return vs -39.60%. 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 EWU.
EWU has the higher dividend yield at 3.50%, compared with 0.00% for IBIT.
EWU is categorized as Europe Equities, while IBIT is Cryptocurrency. EWU tracks MSCI United Kingdom Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.50% for EWU and 0.25% for IBIT.
EWU currently has the higher Sharpe Ratio (1.49 vs -0.91), 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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