KWT vs. IBIT
KWT (iShares MSCI Kuwait ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - KWT is a Financials Equities fund tracking the MSCI All Kuwait Select Size Liquidity Capped 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, KWT returned 1.59% vs -44.19% for IBIT. Their 0.15 correlation means their historical movements had little consistent relationship. KWT charges 0.74%/yr vs 0.25%/yr for IBIT.
Performance
KWT vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, KWT achieves a -1.11% return, which is significantly higher than IBIT's -26.71% return.
KWT
- 1D
- 0.37%
- 1M
- 1.54%
- 6M
- 0.83%
- YTD
- -1.11%
- 1Y
- 1.59%
- 3Y*
- 9.43%
- 5Y*
- 8.16%
- 10Y*
- —
- ALL TIME*
- 11.86%
IBIT
- 1D
- 0.64%
- 1M
- 4.36%
- 6M
- -15.96%
- YTD
- -26.71%
- 1Y
- -44.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.29B | $1.33B | $1.64B | |
| $420.28K | $307.57K | $205.85K |
KWT vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KWT iShares MSCI Kuwait ETF | -1.11% | 25.38% | 5.99% |
IBIT iShares Bitcoin Trust ETF | -26.71% | -6.41% | 89.87% |
Correlation
The correlation between KWT and IBIT is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.15 |
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Return for Risk
KWT vs. IBIT — Risk / Return Rank
KWT
IBIT
KWT vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Kuwait ETF (KWT) 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.
| KWT | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.84 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | -0.83 | +0.97 |
| Martin ratioReturn relative to average drawdown | 0.29 | -1.27 | +1.55 |
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Drawdowns
KWT vs. IBIT - Drawdown Comparison
The maximum KWT drawdown since its inception was -24.37%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for KWT and IBIT.
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Drawdown Indicators
| KWT | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.37% | -53.30% | +28.93% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -53.30% | +41.76% |
Max Drawdown (3Y)Largest decline over 3 years | -12.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.37% | — | — |
Current DrawdownCurrent decline from peak | -5.89% | -48.95% | +43.06% |
Average DrawdownAverage peak-to-trough decline | -7.29% | -18.34% | +11.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.59% | 34.94% | -29.35% |
Volatility
KWT vs. IBIT - Volatility Comparison
The current volatility for iShares MSCI Kuwait ETF (KWT) is 2.53%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.29%. This indicates that KWT 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
| KWT | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.53% | 8.29% | -5.76% |
Volatility (6M)Calculated over the trailing 6-month period | 9.83% | 33.07% | -23.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.37% | 44.40% | -31.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.60% | 49.53% | -35.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.87% | 49.53% | -35.66% |
KWT vs. IBIT - Expense Ratio Comparison
KWT has a 0.74% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
KWT vs. IBIT - Dividend Comparison
KWT's dividend yield for the trailing twelve months is around 5.57%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KWT iShares MSCI Kuwait ETF | 5.57% | 5.40% | 6.09% | 2.25% | 5.87% | 7.65% | 0.27% |
Frequently Asked Questions
KWT and IBIT have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (8.29%) compared to KWT (2.53%). In terms of maximum drawdown, KWT dropped -24.37% vs IBIT's -53.30%.
On 1-year performance, KWT leads with 1.59% vs -44.19% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, KWT has been the lower-risk option at 2.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, KWT has performed better with a 1.59% return vs -44.19%. 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 0.74% for KWT.
KWT has the higher dividend yield at 5.57%, compared with 0.00% for IBIT.
KWT is categorized as Financials Equities, while IBIT is Cryptocurrency. KWT tracks MSCI All Kuwait Select Size Liquidity Capped Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.74% for KWT and 0.25% for IBIT.
KWT currently has the higher Sharpe Ratio (0.12 vs -1.00), 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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