IBIT vs. MXFS.L
IBIT (iShares Bitcoin Trust ETF) and MXFS.L (Invesco MSCI Emerging Markets UCITS ETF Acc) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while MXFS.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Total Return (Net) Index. Both are passively managed. Over the past year, IBIT returned -39.85% vs 49.03% for MXFS.L. At a 0.27 correlation, their price movements are largely independent. IBIT charges 0.25%/yr vs 0.19%/yr for MXFS.L.
Performance
IBIT vs. MXFS.L - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -25.14% return, which is significantly lower than MXFS.L's 26.68% return.
IBIT
- 1D
- -1.51%
- 1M
- -17.07%
- YTD
- -25.14%
- 6M
- -25.23%
- 1Y
- -39.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MXFS.L
- 1D
- -1.13%
- 1M
- 6.12%
- YTD
- 26.68%
- 6M
- 31.59%
- 1Y
- 49.03%
- 3Y*
- 22.30%
- 5Y*
- 7.67%
- 10Y*
- 10.39%
IBIT vs. MXFS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -25.14% | -6.41% | 89.87% |
MXFS.L Invesco MSCI Emerging Markets UCITS ETF Acc | 26.68% | 33.97% | 11.02% |
Correlation
The correlation between IBIT and MXFS.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.27 |
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Return for Risk
IBIT vs. MXFS.L — Risk / Return Rank
IBIT
MXFS.L
IBIT vs. MXFS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and Invesco MSCI Emerging Markets UCITS ETF Acc (MXFS.L). 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.
| IBIT | MXFS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.26 | ||
| Sortino ratioReturn per unit of downside risk | -4.43 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.43 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 3.82 | -4.59 |
| Martin ratioReturn relative to average drawdown | -1.33 | 13.42 | -14.75 |
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Drawdowns
IBIT vs. MXFS.L - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, which is greater than MXFS.L's maximum drawdown of -39.81%. Use the drawdown chart below to compare losses from any high point for IBIT and MXFS.L.
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Drawdown Indicators
| IBIT | MXFS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -39.81% | -12.30% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -12.76% | -39.35% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.92% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.78% | — |
Current DrawdownCurrent decline from peak | -47.86% | -2.20% | -45.66% |
Average DrawdownAverage peak-to-trough decline | -16.63% | -15.44% | -1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.94% | 3.64% | +26.30% |
Volatility
IBIT vs. MXFS.L - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 12.78% compared to Invesco MSCI Emerging Markets UCITS ETF Acc (MXFS.L) at 8.47%. This indicates that IBIT's price experiences larger fluctuations and is considered to be riskier than MXFS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | MXFS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.78% | 8.47% | +4.31% |
Volatility (6M)Calculated over the trailing 6-month period | 34.79% | 18.26% | +16.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.33% | 20.71% | +23.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.28% | 18.98% | +31.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.28% | 19.62% | +30.66% |
IBIT vs. MXFS.L - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is higher than MXFS.L's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBIT vs. MXFS.L - Dividend Comparison
Neither IBIT nor MXFS.L has paid dividends to shareholders.
Frequently Asked Questions
IBIT and MXFS.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MXFS.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MXFS.L is cheaper with a 0.19% expense ratio, compared with 0.25% for IBIT.
IBIT is categorized as Cryptocurrency, while MXFS.L is Emerging Markets Equities. IBIT tracks CME CF Bitcoin Reference Rate - New York Variant, while MXFS.L tracks MSCI Emerging Markets Total Return (Net) Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.25% for IBIT and 0.19% for MXFS.L.
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