XMME.L vs. IBIT
XMME.L (Xtrackers MSCI Emerging Markets UCITS ETF 1C) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - XMME.L is a Emerging Markets Equities fund tracking the MSCI Total Return Net Emerging Markets 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, XMME.L returned 52.16% vs -36.83% for IBIT. At a 0.28 correlation, their price movements are largely independent. XMME.L charges 0.18%/yr vs 0.25%/yr for IBIT.
Performance
XMME.L vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, XMME.L achieves a 28.43% return, which is significantly higher than IBIT's -23.99% return.
XMME.L
- 1D
- 2.93%
- 1M
- 7.15%
- YTD
- 28.43%
- 6M
- 30.52%
- 1Y
- 52.16%
- 3Y*
- 22.98%
- 5Y*
- 7.86%
- 10Y*
- —
IBIT
- 1D
- 4.72%
- 1M
- -15.80%
- YTD
- -23.99%
- 6M
- -22.44%
- 1Y
- -36.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XMME.L vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XMME.L Xtrackers MSCI Emerging Markets UCITS ETF 1C | 28.43% | 33.79% | 11.36% |
IBIT iShares Bitcoin Trust ETF | -23.99% | -6.41% | 89.87% |
Correlation
The correlation between XMME.L 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 11, 2024 | 0.28 |
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Return for Risk
XMME.L vs. IBIT — Risk / Return Rank
XMME.L
IBIT
XMME.L vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.L) 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.
| XMME.L | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.36 | ||
| Sortino ratioReturn per unit of downside risk | +4.45 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 0.88 | +0.59 |
| Calmar ratioReturn relative to maximum drawdown | 4.01 | -0.71 | +4.72 |
| Martin ratioReturn relative to average drawdown | 13.94 | -1.24 | +15.18 |
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Drawdowns
XMME.L vs. IBIT - Drawdown Comparison
The maximum XMME.L drawdown since its inception was -40.28%, smaller than the maximum IBIT drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for XMME.L and IBIT.
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Drawdown Indicators
| XMME.L | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.28% | -52.11% | +11.83% |
Max Drawdown (1Y)Largest decline over 1 year | -12.95% | -52.11% | +39.16% |
Max Drawdown (3Y)Largest decline over 3 years | -17.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -37.33% | — | — |
Current DrawdownCurrent decline from peak | -1.28% | -47.06% | +45.78% |
Average DrawdownAverage peak-to-trough decline | -15.37% | -16.58% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 29.79% | -26.07% |
Volatility
XMME.L vs. IBIT - Volatility Comparison
The current volatility for Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.L) is 8.91%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 12.94%. This indicates that XMME.L 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
| XMME.L | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.91% | 12.94% | -4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 18.14% | 34.80% | -16.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.57% | 44.40% | -23.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.99% | 50.31% | -31.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.01% | 50.31% | -30.30% |
XMME.L vs. IBIT - Expense Ratio Comparison
XMME.L has a 0.18% 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
XMME.L vs. IBIT - Dividend Comparison
Neither XMME.L nor IBIT has paid dividends to shareholders.
Frequently Asked Questions
XMME.L 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.
On fees, XMME.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMME.L is cheaper with a 0.18% expense ratio, compared with 0.25% for IBIT.
XMME.L is categorized as Emerging Markets Equities, while IBIT is Cryptocurrency. XMME.L tracks MSCI Total Return Net Emerging Markets Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.18% for XMME.L and 0.25% for IBIT.
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