IEUS vs. IBIT
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 14.01% vs -38.74% 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
Loading charts...
Returns By Period
In the year-to-date period, IEUS achieves a 5.69% return, which is significantly higher than IBIT's -25.48% return.
IEUS
- 1D
- -1.28%
- 1M
- 1.99%
- YTD
- 5.69%
- 6M
- 9.19%
- 1Y
- 14.01%
- 3Y*
- 14.06%
- 5Y*
- 2.76%
- 10Y*
- 7.44%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEUS vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IEUS iShares MSCI Europe Small-Cap ETF | 5.69% | 32.06% | 1.46% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between IEUS 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 |
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
IEUS vs. IBIT — Risk / Return Rank
IEUS
IBIT
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.
| IEUS | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.78 | ||
| Sortino ratioReturn per unit of downside risk | +2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.86 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | -0.79 | +1.89 |
| Martin ratioReturn relative to average drawdown | 3.75 | -1.36 | +5.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IEUS | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | -0.89 | +1.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.30 | -0.06 |
Drawdowns
IEUS vs. IBIT - Drawdown Comparison
The maximum IEUS drawdown since its inception was -62.12%, which is greater than IBIT's maximum drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for IEUS and IBIT.
Loading charts...
Drawdown Indicators
| IEUS | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.12% | -49.36% | -12.76% |
Max Drawdown (1Y)Largest decline over 1 year | -12.81% | -49.36% | +36.55% |
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 DrawdownCurrent decline from peak | -1.96% | -48.10% | +46.14% |
Average DrawdownAverage peak-to-trough decline | -14.91% | -16.02% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 28.44% | -24.69% |
Volatility
IEUS vs. IBIT - Volatility Comparison
The current volatility for iShares MSCI Europe Small-Cap ETF (IEUS) is 5.42%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. 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.
Loading charts...
Volatility by Period
| IEUS | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 9.50% | -4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 13.06% | 34.44% | -21.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.91% | 43.73% | -27.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.78% | 50.19% | -29.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.51% | 50.19% | -29.68% |
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 3.02%, 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 | 3.02% | 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
IEUS 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 IEUS (5.42%). In terms of maximum drawdown, IEUS dropped -62.12% vs IBIT's -49.36%.
On 1-year performance, IEUS leads with 14.01% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IEUS has been the lower-risk option at 5.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IEUS has performed better with a 14.01% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.40% for IEUS.
IEUS has the higher dividend yield at 3.02%, compared with 0.00% for 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.
IEUS currently has the higher Sharpe Ratio (0.89 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.
Find the right allocation for IEUS 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