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 -33.97% vs 4.27% for IBLC. A 0.69 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 -21.55% return, which is significantly lower than IBLC's 4.27% return.
BCCC
- 1D
- -0.56%
- 1M
- 0.17%
- 6M
- -26.39%
- YTD
- -21.55%
- 1Y
- -33.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBLC
- 1D
- -5.37%
- 1M
- -19.65%
- 6M
- -8.48%
- YTD
- 4.27%
- 1Y
- 4.27%
- 3Y*
- 24.93%
- 5Y*
- —
- 10Y*
- —
BCCC vs. IBLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BCCC Global X Bitcoin Covered Call ETF | -21.55% | -7.02% |
IBLC iShares Blockchain and Tech ETF | 4.27% | 30.93% |
Correlation
The correlation between BCCC and IBLC is 0.68, 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 | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025 | 0.69 |
The correlation between BCCC and IBLC has been stable across timeframes, ranging from 0.68 to 0.69 - 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 | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.06 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 0.10 | -0.91 |
| Martin ratioReturn relative to average drawdown | -1.37 | 0.18 | -1.55 |
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Drawdowns
BCCC vs. IBLC - Drawdown Comparison
The maximum BCCC drawdown since its inception was -41.79%, 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 | -41.79% | -62.54% | +20.75% |
Max Drawdown (1Y)Largest decline over 1 year | -41.79% | -44.94% | +3.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -51.68% | — |
Current DrawdownCurrent decline from peak | -37.30% | -31.45% | -5.85% |
Average DrawdownAverage peak-to-trough decline | -19.09% | -25.75% | +6.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.92% | 23.76% | +1.16% |
Volatility
BCCC vs. IBLC - Volatility Comparison
The current volatility for Global X Bitcoin Covered Call ETF (BCCC) is 8.15%, while iShares Blockchain and Tech ETF (IBLC) has a volatility of 12.09%. 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 | 8.15% | 12.09% | -3.94% |
Volatility (6M)Calculated over the trailing 6-month period | 29.32% | 41.56% | -12.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.64% | 55.74% | -20.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.74% | 64.31% | -29.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.74% | 64.31% | -29.57% |
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 60.41%, more than IBLC's 6.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BCCC Global X Bitcoin Covered Call ETF | 60.41% | 29.55% | 0.00% | 0.00% | 0.00% |
IBLC iShares Blockchain and Tech ETF | 6.00% | 6.31% | 1.60% | 1.79% | 0.84% |
Frequently Asked Questions
BCCC and IBLC have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBLC has higher volatility (12.09%) compared to BCCC (8.15%). In terms of maximum drawdown, BCCC dropped -41.79% vs IBLC's -62.54%.
On 1-year performance, IBLC leads with 4.27% vs -33.97% for BCCC. On fees, IBLC is cheaper at 0.47% per year. On volatility, BCCC has been the lower-risk option at 8.15%. 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 4.27% return vs -33.97%. 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 60.41%, compared with 6.00% 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 (0.08 vs -0.96), 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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