SMIN vs. IBIT
SMIN (iShares MSCI India Small-Cap ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - SMIN is a Asia Pacific Equities fund tracking the MSCI India 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, SMIN returned -7.97% vs -39.60% for IBIT. At a 0.18 correlation, their price movements are largely independent. SMIN charges 0.76%/yr vs 0.25%/yr for IBIT.
Performance
SMIN vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, SMIN achieves a -3.98% return, which is significantly higher than IBIT's -27.45% return.
SMIN
- 1D
- 2.05%
- 1M
- 0.58%
- YTD
- -3.98%
- 6M
- -3.28%
- 1Y
- -7.97%
- 3Y*
- 10.06%
- 5Y*
- 6.49%
- 10Y*
- 9.63%
IBIT
- 1D
- -2.65%
- 1M
- -22.17%
- YTD
- -27.45%
- 6M
- -31.40%
- 1Y
- -39.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMIN vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SMIN iShares MSCI India Small-Cap ETF | -3.98% | -6.68% | 13.53% |
IBIT iShares Bitcoin Trust ETF | -27.45% | -6.41% | 99.21% |
Correlation
The correlation between SMIN and IBIT is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.18 |
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Return for Risk
SMIN vs. IBIT — Risk / Return Rank
SMIN
IBIT
SMIN vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India Small-Cap ETF (SMIN) 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.
| SMIN | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.86 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | -0.80 | +0.48 |
| Martin ratioReturn relative to average drawdown | -0.74 | -1.39 | +0.65 |
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
| SMIN | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.43 | -0.91 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.27 | +0.09 |
Drawdowns
SMIN vs. IBIT - Drawdown Comparison
The maximum SMIN drawdown since its inception was -60.50%, which is greater than IBIT's maximum drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for SMIN and IBIT.
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Drawdown Indicators
| SMIN | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.50% | -49.47% | -11.03% |
Max Drawdown (1Y)Largest decline over 1 year | -24.54% | -49.47% | +24.93% |
Max Drawdown (3Y)Largest decline over 3 years | -27.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -60.50% | — | — |
Current DrawdownCurrent decline from peak | -16.02% | -49.47% | +33.45% |
Average DrawdownAverage peak-to-trough decline | -14.62% | -16.07% | +1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.82% | 28.61% | -17.79% |
Volatility
SMIN vs. IBIT - Volatility Comparison
The current volatility for iShares MSCI India Small-Cap ETF (SMIN) is 6.11%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.14%. This indicates that SMIN 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
| SMIN | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 9.14% | -3.03% |
Volatility (6M)Calculated over the trailing 6-month period | 15.65% | 33.89% | -18.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.54% | 43.76% | -25.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.86% | 50.18% | -31.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.83% | 50.18% | -27.35% |
SMIN vs. IBIT - Expense Ratio Comparison
SMIN has a 0.76% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
SMIN vs. IBIT - Dividend Comparison
SMIN's dividend yield for the trailing twelve months is around 2.10%, 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% |
SMIN iShares MSCI India Small-Cap ETF | 2.10% | 2.01% | 6.84% | 0.41% | 0.01% | 1.27% | 1.06% | 1.75% | 1.68% | 0.89% | 2.30% | 0.93% |
Frequently Asked Questions
SMIN and IBIT have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.14%) compared to SMIN (6.11%). In terms of maximum drawdown, SMIN dropped -60.50% vs IBIT's -49.47%.
On 1-year performance, SMIN leads with -7.97% vs -39.60% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, SMIN has been the lower-risk option at 6.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SMIN has performed better with a -7.97% return vs -39.60%. 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 0.76% for SMIN.
SMIN has the higher dividend yield at 2.10%, compared with 0.00% for IBIT.
SMIN is categorized as Asia Pacific Equities, while IBIT is Cryptocurrency. SMIN tracks MSCI India Small Cap Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.76% for SMIN and 0.25% for IBIT.
SMIN currently has the higher Sharpe Ratio (-0.43 vs -0.91), 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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