IEUS vs. IBIT

Last updated Jun 26, 2026

IEUS (iShares MSCI Europe Small-Cap ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IEUS is a Europe Equities fund tracking the MSCI Europe Small Cap 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, IEUS returned 9.76% vs -45.30% for IBIT. At a 0.33 correlation, their price movements are largely independent. IEUS charges 0.40%/yr vs 0.25%/yr for IBIT.

Performance

IEUS vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Europe Small-Cap ETF (IEUS) and iShares Bitcoin Trust ETF (IBIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IEUS achieves a 3.19% return, which is significantly higher than IBIT's -32.49% return.

IEUS

• 1D: 0.53%
• 1M: -4.28%
• YTD: 3.19%
• 6M: 3.33%
• 1Y: 9.76%
• 3Y*: 14.02%
• 5Y*: 2.86%
• 10Y*: 9.01%

IBIT

• 1D: -1.03%
• 1M: -22.03%
• YTD: -32.49%
• 6M: -32.23%
• 1Y: -45.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IEUS vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IEUS iShares MSCI Europe Small-Cap ETF	3.19%	32.06%	1.05%
IBIT iShares Bitcoin Trust ETF	-32.49%	-6.41%	89.87%

Correlation

The correlation between IEUS and IBIT is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.33

Return for Risk

IEUS vs. IBIT — Risk / Return Rank

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

IEUS

IEUS Risk / Return Rank: 19
IEUS Sharpe Ratio Rank: 19
IEUS Sortino Ratio Rank: 19
IEUS Omega Ratio Rank: 18
IEUS Calmar Ratio Rank: 19
IEUS Martin Ratio Rank: 22

IBIT

IBIT Risk / Return Rank: 2
IBIT Sharpe Ratio Rank: 1
IBIT Sortino Ratio Rank: 2
IBIT Omega Ratio Rank: 2
IBIT Calmar Ratio Rank: 2
IBIT Martin Ratio Rank: 1

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.

IEUS vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Small-Cap ETF (IEUS) 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.

	IEUS	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	0.61	-1.02	+1.63
Sortino ratio: Return per unit of downside risk	0.96	-1.53	+2.50
Omega ratio: Gain probability vs. loss probability	1.12	0.83	+0.29
Calmar ratio: Return relative to maximum drawdown	0.77	-0.86	+1.62
Martin ratio: Return relative to average drawdown	2.57	-1.47	+4.04

IEUS vs. IBIT - Sharpe Ratio Comparison

The current IEUS Sharpe Ratio is 0.61, which is higher than the IBIT Sharpe Ratio of -1.02. The chart below compares the historical Sharpe Ratios of IEUS and IBIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IEUS vs. IBIT - Drawdown Comparison

The maximum IEUS drawdown since its inception was -63.09%, which is greater than IBIT's maximum drawdown of -52.98%. Use the drawdown chart below to compare losses from any high point for IEUS and IBIT.

Drawdown Indicators

	IEUS	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-63.09%	-52.98%	-10.11%
Max Drawdown (1Y) Largest decline over 1 year	-12.81%	-52.98%	+40.17%
Max Drawdown (3Y) Largest decline over 3 years	-18.05%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-44.86%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.86%	—	—
Current Drawdown Current decline from peak	-4.28%	-52.98%	+48.70%
Average Drawdown Average peak-to-trough decline	-15.49%	-16.97%	+1.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.80%	30.94%	-27.14%

Volatility

IEUS vs. IBIT - Volatility Comparison

The current volatility for iShares MSCI Europe Small-Cap ETF (IEUS) is 4.84%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.43%. This indicates that IEUS 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.

Volatility by Period

	IEUS	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.84%	13.43%	-8.59%
Volatility (6M) Calculated over the trailing 6-month period	13.67%	34.60%	-20.93%
Volatility (1Y) Calculated over the trailing 1-year period	16.19%	44.41%	-28.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.84%	50.21%	-29.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.09%	50.21%	-30.12%

IEUS vs. IBIT - Expense Ratio Comparison

IEUS has a 0.40% expense ratio, which is higher than IBIT's 0.25% expense ratio.

Dividends

IEUS vs. IBIT - Dividend Comparison

IEUS's dividend yield for the trailing twelve months is around 3.25%, 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%
IEUS iShares MSCI Europe Small-Cap ETF	3.25%	3.19%	3.25%	2.97%	3.00%	2.63%	1.21%	4.03%	3.21%	2.13%	2.48%	2.06%

Frequently Asked Questions

Can I hold both IEUS and IBIT in my portfolio?

IEUS and IBIT have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IEUS or IBIT?

IBIT has higher volatility (13.43%) compared to IEUS (4.84%). In terms of maximum drawdown, IEUS dropped -63.09% vs IBIT's -52.98%.

Which ETF is better, IEUS or IBIT?

On 1-year performance, IEUS leads with 9.76% vs -45.30% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IEUS has been the lower-risk option at 4.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IEUS or IBIT?

Over the 1-year period, IEUS has performed better with a 9.76% return vs -45.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IEUS or IBIT?

IBIT is cheaper with a 0.25% expense ratio, compared with 0.40% for IEUS.

Which ETF pays a higher dividend yield, IEUS or IBIT?

IEUS has the higher dividend yield at 3.25%, compared with 0.00% for IBIT.

What is the main difference between IEUS and IBIT?

IEUS is categorized as Europe Equities, while IBIT is Cryptocurrency. IEUS tracks MSCI Europe Small Cap Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.40% for IEUS and 0.25% for IBIT.

Which has better risk-adjusted returns?

IEUS currently has the higher Sharpe Ratio (0.61 vs -1.02), 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.