VWO vs. IBIT
VWO (Vanguard FTSE Emerging Markets ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - VWO is a Emerging Markets Equities fund tracking the FTSE Emerging 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, VWO returned 23.70% vs -41.70% for IBIT. At a 0.35 correlation, their price movements are largely independent. VWO charges 0.08%/yr vs 0.25%/yr for IBIT.
Performance
VWO vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, VWO achieves a 9.93% return, which is significantly higher than IBIT's -27.39% return.
VWO
- 1D
- 2.39%
- 1M
- -0.49%
- YTD
- 9.93%
- 6M
- 10.69%
- 1Y
- 23.70%
- 3Y*
- 16.63%
- 5Y*
- 4.87%
- 10Y*
- 8.88%
IBIT
- 1D
- 2.77%
- 1M
- -21.29%
- YTD
- -27.39%
- 6M
- -30.81%
- 1Y
- -41.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VWO vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VWO Vanguard FTSE Emerging Markets ETF | 9.93% | 25.60% | 13.49% |
IBIT iShares Bitcoin Trust ETF | -27.39% | -6.41% | 89.87% |
Correlation
The correlation between VWO and IBIT is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.35 |
The correlation between VWO and IBIT shifts across timeframes, from 0.35 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VWO vs. IBIT — Risk / Return Rank
VWO
IBIT
VWO vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets ETF (VWO) 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.
| VWO | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.39 | ||
| Sortino ratioReturn per unit of downside risk | +3.39 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.85 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | -0.80 | +2.93 |
| Martin ratioReturn relative to average drawdown | 7.51 | -1.42 | +8.92 |
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Drawdowns
VWO vs. IBIT - Drawdown Comparison
The maximum VWO drawdown since its inception was -67.68%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for VWO and IBIT.
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Drawdown Indicators
| VWO | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.68% | -52.11% | -15.57% |
Max Drawdown (1Y)Largest decline over 1 year | -11.17% | -52.11% | +40.94% |
Max Drawdown (3Y)Largest decline over 3 years | -17.37% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.60% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.39% | — | — |
Current DrawdownCurrent decline from peak | -3.42% | -49.43% | +46.01% |
Average DrawdownAverage peak-to-trough decline | -15.81% | -16.48% | +0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 29.48% | -26.32% |
Volatility
VWO vs. IBIT - Volatility Comparison
The current volatility for Vanguard FTSE Emerging Markets ETF (VWO) is 6.66%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 12.02%. This indicates that VWO 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
| VWO | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.66% | 12.02% | -5.36% |
Volatility (6M)Calculated over the trailing 6-month period | 14.04% | 34.45% | -20.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.53% | 44.10% | -27.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.48% | 50.30% | -32.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.23% | 50.30% | -31.07% |
VWO vs. IBIT - Expense Ratio Comparison
VWO has a 0.08% expense ratio, which is lower than IBIT's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VWO vs. IBIT - Dividend Comparison
VWO's dividend yield for the trailing twelve months is around 2.45%, 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% |
VWO Vanguard FTSE Emerging Markets ETF | 2.45% | 2.79% | 3.20% | 3.52% | 4.11% | 2.63% | 1.91% | 3.23% | 2.88% | 2.30% | 2.52% | 3.26% |
Frequently Asked Questions
VWO and IBIT have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (12.02%) compared to VWO (6.66%). In terms of maximum drawdown, VWO dropped -67.68% vs IBIT's -52.11%.
On 1-year performance, VWO leads with 23.70% vs -41.70% for IBIT. On fees, VWO is cheaper at 0.08% per year. On volatility, VWO has been the lower-risk option at 6.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, VWO has performed better with a 23.70% return vs -41.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VWO is cheaper with a 0.08% expense ratio, compared with 0.25% for IBIT.
VWO has the higher dividend yield at 2.45%, compared with 0.00% for IBIT.
VWO is categorized as Emerging Markets Equities, while IBIT is Cryptocurrency. VWO tracks FTSE Emerging Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.08% for VWO and 0.25% for IBIT.
VWO currently has the higher Sharpe Ratio (1.44 vs -0.95), 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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