IDX vs. BTC-USD

Last updated Apr 2, 2026

Compare and contrast key facts about VanEck Vectors Indonesia Index ETF (IDX) and Bitcoin (BTC-USD).

IDX is a passively managed fund by VanEck that tracks the performance of the MVIS Indonesia Index. It was launched on Jan 15, 2009.

Performance

IDX vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Indonesia Index ETF (IDX) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

IDX vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IDX VanEck Vectors Indonesia Index ETF	-16.35%	13.83%	-9.75%	1.98%	-9.40%	-2.59%	-7.45%	6.26%	-10.46%	19.24%
BTC-USD Bitcoin	-21.63%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-73.37%	1,324.24%

Returns By Period

In the year-to-date period, IDX achieves a -16.35% return, which is significantly higher than BTC-USD's -21.63% return. Over the past 10 years, IDX has underperformed BTC-USD with an annualized return of -1.86%, while BTC-USD has yielded a comparatively higher 66.45% annualized return.

IDX

• 1D: 0.36%
• 1M: -10.56%
• YTD: -16.35%
• 6M: -11.93%
• 1Y: 12.37%
• 3Y*: -5.18%
• 5Y*: -3.73%
• 10Y*: -1.86%

BTC-USD

• 1D: 0.51%
• 1M: -0.38%
• YTD: -21.63%
• 6M: -42.21%
• 1Y: -19.49%
• 3Y*: 34.49%
• 5Y*: 3.06%
• 10Y*: 66.45%

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

Return for Risk

IDX vs. BTC-USD — Risk / Return Rank

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

IDX

IDX Risk / Return Rank: 26
IDX Sharpe Ratio Rank: 26
IDX Sortino Ratio Rank: 25
IDX Omega Ratio Rank: 28
IDX Calmar Ratio Rank: 24
IDX Martin Ratio Rank: 25

BTC-USD

BTC-USD Risk / Return Rank: 43
BTC-USD Sharpe Ratio Rank: 61
BTC-USD Sortino Ratio Rank: 55
BTC-USD Omega Ratio Rank: 51
BTC-USD Calmar Ratio Rank: 43
BTC-USD Martin Ratio Rank: 4

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.

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.

	IDX	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	0.49	-0.44	+0.94
Sortino ratio Return per unit of downside risk	0.79	-0.38	+1.16
Omega ratio Gain probability vs. loss probability	1.12	0.96	+0.16
Calmar ratio Return relative to maximum drawdown	0.54	-1.11	+1.65
Martin ratio Return relative to average drawdown	1.91	-1.99	+3.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IDX vs. BTC-USD - Sharpe Ratio Comparison

The current IDX Sharpe Ratio is 0.49, which is higher than the BTC-USD Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of IDX and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IDX	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.49	-0.44	+0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.19	0.05	-0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.08	0.97	-1.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	1.19	-0.99

Correlation

The correlation between IDX and BTC-USD is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

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.

Drawdown Indicators

	IDX	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-63.14%	-85.30%	+22.16%
Max Drawdown (1Y) Largest decline over 1 year	-23.74%	-49.65%	+25.91%
Max Drawdown (5Y) Largest decline over 5 years	-44.88%	-76.67%	+31.79%
Max Drawdown (10Y) Largest decline over 10 years	-59.11%	-83.80%	+24.69%
Current Drawdown Current decline from peak	-43.27%	-45.02%	+1.75%
Average Drawdown Average peak-to-trough decline	-24.60%	-41.99%	+17.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.72%	27.60%	-20.88%

Volatility

IDX vs. BTC-USD - Volatility Comparison

The current volatility for VanEck Vectors Indonesia Index ETF (IDX) is 8.16%, while Bitcoin (BTC-USD) has a volatility of 13.58%. This indicates that IDX experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDX	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.16%	13.58%	-5.42%
Volatility (6M) Calculated over the trailing 6-month period	19.40%	35.98%	-16.58%
Volatility (1Y) Calculated over the trailing 1-year period	25.13%	36.76%	-11.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.91%	46.90%	-26.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.07%	56.70%	-32.63%