ICGA.DE vs. IBIT
ICGA.DE (iShares MSCI China UCITS ETF USD Acc) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - ICGA.DE is a China Equities fund tracking the MSCI China, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, ICGA.DE returned 3.16% vs -37.06% for IBIT. At a 0.17 correlation, their price movements are largely independent. ICGA.DE charges 0.28%/yr vs 0.25%/yr for IBIT.
Performance
ICGA.DE vs. IBIT - Performance Comparison
Loading charts...
Different Trading Currencies
ICGA.DE is traded in EUR, while IBIT is traded in USD. To make them comparable, the IBIT values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ICGA.DE achieves a -7.21% return, which is significantly higher than IBIT's -22.99% return.
ICGA.DE
- 1D
- 1.03%
- 1M
- -2.20%
- YTD
- -7.21%
- 6M
- -6.68%
- 1Y
- 3.16%
- 3Y*
- 6.05%
- 5Y*
- -3.91%
- 10Y*
- —
IBIT
- 1D
- 4.49%
- 1M
- -15.55%
- YTD
- -22.99%
- 6M
- -21.37%
- 1Y
- -37.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ICGA.DE vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ICGA.DE iShares MSCI China UCITS ETF USD Acc | -7.21% | 16.59% | 33.33% |
IBIT iShares Bitcoin Trust ETF | -22.99% | -17.52% | 101.23% |
Correlation
The correlation between ICGA.DE and IBIT is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.17 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ICGA.DE vs. IBIT — Risk / Return Rank
ICGA.DE
IBIT
ICGA.DE vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China UCITS ETF USD Acc (ICGA.DE) 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.
| ICGA.DE | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.87 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | -0.72 | +0.90 |
| Martin ratioReturn relative to average drawdown | 0.37 | -1.25 | +1.63 |
Loading charts...
Drawdowns
ICGA.DE vs. IBIT - Drawdown Comparison
The maximum ICGA.DE drawdown since its inception was -55.91%, which is greater than IBIT's maximum drawdown of -51.31%. Use the drawdown chart below to compare losses from any high point for ICGA.DE and IBIT.
Loading charts...
Drawdown Indicators
| ICGA.DE | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.91% | -51.31% | -4.60% |
Max Drawdown (1Y)Largest decline over 1 year | -17.50% | -51.31% | +33.81% |
Max Drawdown (3Y)Largest decline over 3 years | -24.29% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -49.29% | — | — |
Current DrawdownCurrent decline from peak | -32.83% | -46.52% | +13.69% |
Average DrawdownAverage peak-to-trough decline | -28.78% | -16.98% | -11.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.47% | 29.63% | -21.16% |
Volatility
ICGA.DE vs. IBIT - Volatility Comparison
The current volatility for iShares MSCI China UCITS ETF USD Acc (ICGA.DE) is 6.02%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 12.33%. This indicates that ICGA.DE 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.
Loading charts...
Volatility by Period
| ICGA.DE | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 12.33% | -6.31% |
Volatility (6M)Calculated over the trailing 6-month period | 13.75% | 34.46% | -20.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.96% | 43.87% | -24.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.79% | 50.24% | -22.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.05% | 50.24% | -23.19% |
ICGA.DE vs. IBIT - Expense Ratio Comparison
ICGA.DE has a 0.28% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
ICGA.DE vs. IBIT - Dividend Comparison
Neither ICGA.DE nor IBIT has paid dividends to shareholders.
Frequently Asked Questions
ICGA.DE and IBIT have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBIT is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.28% for ICGA.DE.
ICGA.DE is categorized as China Equities, while IBIT is Cryptocurrency. ICGA.DE tracks MSCI China, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.28% for ICGA.DE and 0.25% for IBIT.
Find the right allocation for ICGA.DE and IBIT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer