BCCC vs. IBLC
BCCC (Global X Bitcoin Covered Call ETF) and IBLC (iShares Blockchain and Tech ETF) are both Cryptocurrency funds. BCCC is actively managed, while IBLC is passively managed. Over the past year, BCCC returned -32.62% vs 46.13% for IBLC. A 0.71 correlation means they provide meaningful diversification when combined. BCCC charges 0.75%/yr vs 0.47%/yr for IBLC.
Performance
BCCC vs. IBLC - Performance Comparison
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Returns By Period
In the year-to-date period, BCCC achieves a -26.42% return, which is significantly lower than IBLC's 21.51% return.
BCCC
- 1D
- -3.89%
- 1M
- -17.81%
- YTD
- -26.42%
- 6M
- -25.60%
- 1Y
- -32.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBLC
- 1D
- -4.49%
- 1M
- -4.51%
- YTD
- 21.51%
- 6M
- 13.99%
- 1Y
- 46.13%
- 3Y*
- 43.02%
- 5Y*
- —
- 10Y*
- —
BCCC vs. IBLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BCCC Global X Bitcoin Covered Call ETF | -26.42% | -7.02% |
IBLC iShares Blockchain and Tech ETF | 21.51% | 30.93% |
Correlation
The correlation between BCCC and IBLC is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025 | 0.71 |
The correlation between BCCC and IBLC has been stable across timeframes, ranging from 0.71 to 0.71 - a consistent structural relationship.
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Return for Risk
BCCC vs. IBLC — Risk / Return Rank
BCCC
IBLC
BCCC vs. IBLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Bitcoin Covered Call ETF (BCCC) and iShares Blockchain and Tech ETF (IBLC). 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.
| BCCC | IBLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.17 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 1.03 | -1.82 |
| Martin ratioReturn relative to average drawdown | -1.42 | 2.02 | -3.44 |
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Drawdowns
BCCC vs. IBLC - Drawdown Comparison
The maximum BCCC drawdown since its inception was -41.63%, smaller than the maximum IBLC drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for BCCC and IBLC.
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Drawdown Indicators
| BCCC | IBLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.63% | -62.54% | +20.91% |
Max Drawdown (1Y)Largest decline over 1 year | -41.63% | -44.94% | +3.31% |
Max Drawdown (3Y)Largest decline over 3 years | — | -51.68% | — |
Current DrawdownCurrent decline from peak | -41.20% | -20.11% | -21.09% |
Average DrawdownAverage peak-to-trough decline | -17.95% | -25.75% | +7.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.01% | 22.92% | +0.09% |
Volatility
BCCC vs. IBLC - Volatility Comparison
The current volatility for Global X Bitcoin Covered Call ETF (BCCC) is 11.02%, while iShares Blockchain and Tech ETF (IBLC) has a volatility of 17.25%. This indicates that BCCC experiences smaller price fluctuations and is considered to be less risky than IBLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCCC | IBLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.02% | 17.25% | -6.23% |
Volatility (6M)Calculated over the trailing 6-month period | 28.99% | 41.51% | -12.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.52% | 56.05% | -20.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.17% | 64.52% | -29.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.17% | 64.52% | -29.35% |
BCCC vs. IBLC - Expense Ratio Comparison
BCCC has a 0.75% expense ratio, which is higher than IBLC's 0.47% expense ratio.
Dividends
BCCC vs. IBLC - Dividend Comparison
BCCC's dividend yield for the trailing twelve months is around 66.44%, more than IBLC's 5.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BCCC Global X Bitcoin Covered Call ETF | 66.44% | 29.55% | 0.00% | 0.00% | 0.00% |
IBLC iShares Blockchain and Tech ETF | 5.15% | 6.31% | 1.60% | 1.79% | 0.84% |
Frequently Asked Questions
BCCC and IBLC have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBLC has higher volatility (17.25%) compared to BCCC (11.02%). In terms of maximum drawdown, BCCC dropped -41.63% vs IBLC's -62.54%.
On 1-year performance, IBLC leads with 46.13% vs -32.62% for BCCC. On fees, IBLC is cheaper at 0.47% per year. On volatility, BCCC has been the lower-risk option at 11.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBLC has performed better with a 46.13% return vs -32.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBLC is cheaper with a 0.47% expense ratio, compared with 0.75% for BCCC.
BCCC has the higher dividend yield at 66.44%, compared with 5.15% for IBLC.
They also come from different issuers: Global X and iShares. Their fees differ too: 0.75% for BCCC and 0.47% for IBLC.
IBLC currently has the higher Sharpe Ratio (0.83 vs -0.92), 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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