BITS vs. IBLC

Last updated Aug 2, 2026

BITS (Global X Blockchain & Bitcoin Strategy ETF) and IBLC (iShares Blockchain and Tech ETF) are both Cryptocurrency funds - BITS tracks the NONE while IBLC tracks the ICE FactSet Global Blockchain Technologies Index. Both are passively managed. Over the past 3 years, BITS returned 31.46%/yr vs 26.70%/yr for IBLC. Their correlation of 0.92 means they have usually moved in the same direction. BITS charges 0.65%/yr vs 0.47%/yr for IBLC.

Performance

BITS vs. IBLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Blockchain & Bitcoin Strategy ETF (BITS) and iShares Blockchain and Tech ETF (IBLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BITS achieves a -11.24% return, which is significantly lower than IBLC's 5.99% return.

BITS

• 1D: -3.36%
• 1M: -0.63%
• 6M: -14.68%
• YTD: -11.24%
• 1Y: -9.04%
• 3Y*: 31.46%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -2.25%

IBLC

• 1D: -2.87%
• 1M: -4.33%
• 6M: 0.61%
• YTD: 5.99%
• 1Y: 17.60%
• 3Y*: 26.70%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BITS Global X Blockchain & Bitcoin Strategy ETF	$89.94K	$81.82K	$170.18K
IBLC iShares Blockchain and Tech ETF	$395.00K	$481.87K	$794.27K

BITS vs. IBLC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BITS Global X Blockchain & Bitcoin Strategy ETF	-11.24%	14.90%	61.84%	212.23%	-64.08%
IBLC iShares Blockchain and Tech ETF	5.99%	27.05%	18.58%	201.47%	-58.93%

Correlation

The correlation between BITS and IBLC is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.95
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022	0.92

The correlation between BITS and IBLC has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

BITS vs. IBLC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BITS

BITS Risk / Return Rank: 8
BITS Sharpe Ratio Rank: 7
BITS Sortino Ratio Rank: 9
BITS Omega Ratio Rank: 9
BITS Calmar Ratio Rank: 7
BITS Martin Ratio Rank: 8

IBLC

IBLC Risk / Return Rank: 16
IBLC Sharpe Ratio Rank: 14
IBLC Sortino Ratio Rank: 19
IBLC Omega Ratio Rank: 18
IBLC Calmar Ratio Rank: 14
IBLC Martin Ratio Rank: 13

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BITS vs. IBLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain & Bitcoin Strategy ETF (BITS) 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.

	BITS	IBLC	Difference
Sharpe ratio: Return per unit of total volatility	-0.27	0.15	-0.42
Sortino ratio: Return per unit of downside risk	-0.03	0.63	-0.66
Omega ratio: Gain probability vs. loss probability	1.00	1.07	-0.07
Calmar ratio: Return relative to maximum drawdown	-0.30	0.20	-0.50
Martin ratio: Return relative to average drawdown	-0.49	0.36	-0.85

BITS vs. IBLC - Sharpe Ratio Comparison

The current BITS Sharpe Ratio is -0.27, which is lower than the IBLC Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of BITS and IBLC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BITS vs. IBLC - Drawdown Comparison

The maximum BITS drawdown since its inception was -83.11%, which is greater than IBLC's maximum drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for BITS and IBLC.

Drawdown Indicators

	BITS	IBLC	Difference
Max Drawdown Largest peak-to-trough decline	-83.11%	-62.54%	-20.57%
Max Drawdown (1Y) Largest decline over 1 year	-48.38%	-44.94%	-3.44%
Max Drawdown (3Y) Largest decline over 3 years	-48.38%	-51.68%	+3.30%
Current Drawdown Current decline from peak	-41.56%	-30.32%	-11.24%
Average Drawdown Average peak-to-trough decline	-42.56%	-25.78%	-16.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.76%	24.44%	+5.32%

Volatility

BITS vs. IBLC - Volatility Comparison

The current volatility for Global X Blockchain & Bitcoin Strategy ETF (BITS) is 14.95%, while iShares Blockchain and Tech ETF (IBLC) has a volatility of 19.77%. This indicates that BITS 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.

Volatility by Period

	BITS	IBLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.95%	19.77%	-4.82%
Volatility (6M) Calculated over the trailing 6-month period	40.75%	43.51%	-2.76%
Volatility (1Y) Calculated over the trailing 1-year period	54.36%	57.85%	-3.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.62%	64.48%	-3.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.62%	64.48%	-3.86%

BITS vs. IBLC - Expense Ratio Comparison

BITS has a 0.65% expense ratio, which is higher than IBLC's 0.47% expense ratio.

Dividends

BITS vs. IBLC - Dividend Comparison

BITS's dividend yield for the trailing twelve months is around 25.64%, more than IBLC's 5.91% yield.

Position	TTM	2025	2024	2023	2022	2021
BITS Global X Blockchain & Bitcoin Strategy ETF	25.64%	22.80%	29.49%	13.69%	0.48%	1.90%
IBLC iShares Blockchain and Tech ETF	5.91%	6.31%	1.60%	1.79%	0.84%	0.00%

Frequently Asked Questions

Can I hold both BITS and IBLC in my portfolio?

With a correlation of 0.95, BITS and IBLC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BITS or IBLC?

IBLC has higher volatility (19.77%) compared to BITS (14.95%). In terms of maximum drawdown, BITS dropped -83.11% vs IBLC's -62.54%.

Which ETF is better, BITS or IBLC?

On 3-year performance, BITS leads with 31.46% vs 26.70% for IBLC. On fees, IBLC is cheaper at 0.47% per year. On volatility, BITS has been the lower-risk option at 14.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITS or IBLC?

Over the 3-year period, BITS has performed better with a 31.46% return vs 26.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITS or IBLC?

IBLC is cheaper with a 0.47% expense ratio, compared with 0.65% for BITS.

Which ETF pays a higher dividend yield, BITS or IBLC?

BITS has the higher dividend yield at 25.64%, compared with 5.91% for IBLC.

What is the main difference between BITS and IBLC?

BITS tracks NONE, while IBLC tracks ICE FactSet Global Blockchain Technologies Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.65% for BITS and 0.47% for IBLC.

Which has better risk-adjusted returns?

IBLC currently has the higher Sharpe Ratio (0.15 vs -0.27), 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.