THD vs. IBIT
THD (iShares MSCI Thailand ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - THD is a Asia Pacific Equities fund tracking the MSCI Thailand 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, THD returned 47.78% vs -39.82% for IBIT. At a 0.18 correlation, their price movements are largely independent. THD charges 0.59%/yr vs 0.25%/yr for IBIT.
Performance
THD vs. IBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, THD achieves a 18.84% return, which is significantly higher than IBIT's -28.88% return.
THD
- 1D
- -3.05%
- 1M
- -2.31%
- YTD
- 18.84%
- 6M
- 16.38%
- 1Y
- 47.78%
- 3Y*
- 5.36%
- 5Y*
- 0.72%
- 10Y*
- 3.39%
IBIT
- 1D
- -3.26%
- 1M
- -17.81%
- YTD
- -28.88%
- 6M
- -28.88%
- 1Y
- -39.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
THD vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
THD iShares MSCI Thailand ETF | 18.84% | 2.36% | 0.30% |
IBIT iShares Bitcoin Trust ETF | -28.88% | -6.41% | 89.87% |
Correlation
The correlation between THD and IBIT is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.18 |
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
THD vs. IBIT — Risk / Return Rank
THD
IBIT
THD vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Thailand ETF (THD) 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.
| THD | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.98 | ||
| Sortino ratioReturn per unit of downside risk | +4.04 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.86 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | -0.77 | +4.42 |
| Martin ratioReturn relative to average drawdown | 10.63 | -1.30 | +11.93 |
Loading charts...
Drawdowns
THD vs. IBIT - Drawdown Comparison
The maximum THD drawdown since its inception was -64.22%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for THD and IBIT.
Loading charts...
Drawdown Indicators
| THD | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.22% | -52.11% | -12.11% |
Max Drawdown (1Y)Largest decline over 1 year | -13.12% | -52.11% | +38.99% |
Max Drawdown (3Y)Largest decline over 3 years | -34.11% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -40.24% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -49.32% | — | — |
Current DrawdownCurrent decline from peak | -12.73% | -50.47% | +37.74% |
Average DrawdownAverage peak-to-trough decline | -18.25% | -16.85% | -1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.51% | 30.58% | -26.07% |
Volatility
THD vs. IBIT - Volatility Comparison
The current volatility for iShares MSCI Thailand ETF (THD) is 6.39%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.18%. This indicates that THD 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
| THD | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.39% | 13.18% | -6.79% |
Volatility (6M)Calculated over the trailing 6-month period | 18.95% | 34.64% | -15.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.10% | 44.31% | -21.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.94% | 50.22% | -30.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.58% | 50.22% | -28.64% |
THD vs. IBIT - Expense Ratio Comparison
THD has a 0.59% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
THD vs. IBIT - Dividend Comparison
THD's dividend yield for the trailing twelve months is around 3.65%, 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% |
THD iShares MSCI Thailand ETF | 3.65% | 3.36% | 3.15% | 2.92% | 2.41% | 3.16% | 2.31% | 2.42% | 2.57% | 2.16% | 2.61% | 3.58% |
Frequently Asked Questions
THD and IBIT have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (13.18%) compared to THD (6.39%). In terms of maximum drawdown, THD dropped -64.22% vs IBIT's -52.11%.
On 1-year performance, THD leads with 47.78% vs -39.82% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, THD has been the lower-risk option at 6.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, THD has performed better with a 47.78% return vs -39.82%. 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 0.59% for THD.
THD has the higher dividend yield at 3.65%, compared with 0.00% for IBIT.
THD is categorized as Asia Pacific Equities, while IBIT is Cryptocurrency. THD tracks MSCI Thailand Investable Market Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.59% for THD and 0.25% for IBIT.
THD currently has the higher Sharpe Ratio (2.08 vs -0.90), 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 THD 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