IEUR vs. IBIT
IEUR (iShares Core MSCI Europe ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IEUR is a Europe Equities fund tracking the MSCI Europe Investable Market 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, IEUR returned 17.47% vs -38.74% for IBIT. At a 0.33 correlation, their price movements are largely independent. IEUR charges 0.09%/yr vs 0.25%/yr for IBIT.
Performance
IEUR vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IEUR achieves a 5.64% return, which is significantly higher than IBIT's -25.48% return.
IEUR
- 1D
- -1.20%
- 1M
- 2.77%
- YTD
- 5.64%
- 6M
- 8.52%
- 1Y
- 17.47%
- 3Y*
- 16.09%
- 5Y*
- 8.03%
- 10Y*
- 9.15%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEUR vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IEUR iShares Core MSCI Europe ETF | 5.64% | 35.67% | 3.01% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between IEUR and IBIT is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.33 |
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Return for Risk
IEUR vs. IBIT — Risk / Return Rank
IEUR
IBIT
IEUR vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe ETF (IEUR) 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.
| IEUR | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.04 | ||
| Sortino ratioReturn per unit of downside risk | +2.91 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.86 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | -0.79 | +2.24 |
| Martin ratioReturn relative to average drawdown | 5.47 | -1.36 | +6.83 |
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
| IEUR | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | -0.89 | +2.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.30 | +0.05 |
Drawdowns
IEUR vs. IBIT - Drawdown Comparison
The maximum IEUR drawdown since its inception was -36.96%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for IEUR and IBIT.
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Drawdown Indicators
| IEUR | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.96% | -49.36% | +12.40% |
Max Drawdown (1Y)Largest decline over 1 year | -12.04% | -49.36% | +37.32% |
Max Drawdown (3Y)Largest decline over 3 years | -14.25% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.75% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.96% | — | — |
Current DrawdownCurrent decline from peak | -2.31% | -48.10% | +45.79% |
Average DrawdownAverage peak-to-trough decline | -8.23% | -16.02% | +7.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 28.44% | -25.24% |
Volatility
IEUR vs. IBIT - Volatility Comparison
The current volatility for iShares Core MSCI Europe ETF (IEUR) is 5.60%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that IEUR 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
| IEUR | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | 9.50% | -3.90% |
Volatility (6M)Calculated over the trailing 6-month period | 12.75% | 34.44% | -21.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.32% | 43.73% | -28.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.73% | 50.19% | -32.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.68% | 50.19% | -31.51% |
IEUR vs. IBIT - Expense Ratio Comparison
IEUR has a 0.09% expense ratio, which is lower than IBIT's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IEUR vs. IBIT - Dividend Comparison
IEUR's dividend yield for the trailing twelve months is around 2.81%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IEUR iShares Core MSCI Europe ETF | 2.81% | 2.97% | 3.54% | 3.17% | 3.05% | 2.88% | 2.13% | 3.26% | 3.76% | 2.64% | 3.19% | 2.79% |
Frequently Asked Questions
IEUR and IBIT have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.50%) compared to IEUR (5.60%). In terms of maximum drawdown, IEUR dropped -36.96% vs IBIT's -49.36%.
On 1-year performance, IEUR leads with 17.47% vs -38.74% for IBIT. On fees, IEUR is cheaper at 0.09% per year. On volatility, IEUR has been the lower-risk option at 5.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IEUR has performed better with a 17.47% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEUR is cheaper with a 0.09% expense ratio, compared with 0.25% for IBIT.
IEUR has the higher dividend yield at 2.81%, compared with 0.00% for IBIT.
IEUR is categorized as Europe Equities, while IBIT is Cryptocurrency. IEUR tracks MSCI Europe Investable Market Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.09% for IEUR and 0.25% for IBIT.
IEUR currently has the higher Sharpe Ratio (1.15 vs -0.89), 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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