IDX vs. BTC-USD
IDX (VanEck Vectors Indonesia Index ETF) is Asia Pacific Equities fund tracking the MVIS Indonesia Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, IDX returned -3.79%/yr vs 57.41%/yr for BTC-USD. At a 0.08 correlation, their price movements are largely independent.
Performance
IDX vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, IDX achieves a -34.83% return, which is significantly lower than BTC-USD's -28.07% return. Over the past 10 years, IDX has underperformed BTC-USD with an annualized return of -3.79%, while BTC-USD has yielded a comparatively higher 57.41% annualized return.
IDX
- 1D
- -0.55%
- 1M
- -2.54%
- YTD
- -34.83%
- 6M
- -35.84%
- 1Y
- -21.80%
- 3Y*
- -12.82%
- 5Y*
- -7.49%
- 10Y*
- -3.79%
BTC-USD
- 1D
- -1.58%
- 1M
- -18.24%
- YTD
- -28.07%
- 6M
- -28.01%
- 1Y
- -40.30%
- 3Y*
- 27.25%
- 5Y*
- 12.68%
- 10Y*
- 57.41%
IDX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDX VanEck Vectors Indonesia Index ETF | -34.83% | 13.83% | -9.75% | 1.98% | -9.40% | -2.59% | -7.45% | 6.26% | -10.46% | 19.24% |
BTC-USD Bitcoin | -28.07% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between IDX and BTC-USD is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2012 | 0.08 |
The correlation between IDX and BTC-USD shifts across timeframes, from 0.08 (all time) to 0.20 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IDX vs. BTC-USD — Risk / Return Rank
IDX
BTC-USD
IDX vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Indonesia Index ETF (IDX) and Bitcoin (BTC-USD). 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.
| IDX | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.86 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | -0.79 | +0.30 |
| Martin ratioReturn relative to average drawdown | -1.41 | -1.32 | -0.09 |
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Drawdowns
IDX vs. BTC-USD - Drawdown Comparison
The maximum IDX drawdown since its inception was -63.14%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for IDX and BTC-USD.
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Drawdown Indicators
| IDX | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.14% | -85.30% | +22.16% |
Max Drawdown (1Y)Largest decline over 1 year | -44.52% | -51.21% | +6.69% |
Max Drawdown (3Y)Largest decline over 3 years | -46.73% | -51.21% | +4.48% |
Max Drawdown (5Y)Largest decline over 5 years | -51.25% | -76.67% | +25.42% |
Max Drawdown (10Y)Largest decline over 10 years | -59.11% | -83.80% | +24.69% |
Current DrawdownCurrent decline from peak | -55.80% | -49.54% | -6.26% |
Average DrawdownAverage peak-to-trough decline | -24.92% | -42.40% | +17.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.47% | 31.29% | -15.82% |
Volatility
IDX vs. BTC-USD - Volatility Comparison
VanEck Vectors Indonesia Index ETF (IDX) has a higher volatility of 13.48% compared to Bitcoin (BTC-USD) at 12.23%. This indicates that IDX's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDX | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.48% | 12.23% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 24.92% | 34.57% | -9.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.38% | 35.70% | -8.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.01% | 44.26% | -23.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.47% | 56.41% | -31.94% |
Frequently Asked Questions
IDX and BTC-USD have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDX has higher volatility (13.48%) compared to BTC-USD (12.23%). In terms of maximum drawdown, IDX dropped -63.14% vs BTC-USD's -85.30%.
IDX currently has the higher Sharpe Ratio (-0.80 vs -0.94), 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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