BLCK.TO vs. FST.TO

Last updated Jun 4, 2026

BLCK.TO (First Trust Indxx Innovative Transaction and Process ETF) and FST.TO (First Trust Canadian Capital Strength ETF) are both exchange-traded funds - BLCK.TO is a Blockchain fund tracking the Indxx Blockchain Index, while FST.TO is a Canada Equities fund actively managed by First Trust. BLCK.TO is passively managed, while FST.TO is actively managed. Over the past 5 years, BLCK.TO returned 14.83%/yr vs 16.78%/yr for FST.TO. At a 0.20 correlation, their price movements are largely independent. BLCK.TO charges 0.81%/yr vs 0.65%/yr for FST.TO.

Performance

BLCK.TO vs. FST.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in First Trust Indxx Innovative Transaction and Process ETF (BLCK.TO) and First Trust Canadian Capital Strength ETF (FST.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLCK.TO achieves a 13.83% return, which is significantly higher than FST.TO's 8.82% return.

BLCK.TO

• 1D: 0.60%
• 1M: 9.74%
• YTD: 13.83%
• 6M: 16.39%
• 1Y: 33.56%
• 3Y*: 25.35%
• 5Y*: 14.83%
• 10Y*: —

FST.TO

• 1D: -0.41%
• 1M: 1.37%
• YTD: 8.82%
• 6M: 10.70%
• 1Y: 29.93%
• 3Y*: 23.82%
• 5Y*: 16.78%
• 10Y*: —

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

BLCK.TO vs. FST.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BLCK.TO First Trust Indxx Innovative Transaction and Process ETF	13.83%	24.94%	25.85%	18.34%	-14.89%	18.96%	13.50%	26.93%	-7.66%
FST.TO First Trust Canadian Capital Strength ETF	8.82%	29.77%	26.23%	12.01%	2.26%	19.40%	2.56%	16.10%	-4.73%

Correlation

The correlation between BLCK.TO and FST.TO is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (All Time) Calculated using the full available price history since Mar 28, 2018	0.20

The correlation between BLCK.TO and FST.TO shifts across timeframes, from 0.05 (1 year) to 0.23 (5 years), reflecting how their relationship changes across market environments.

BLCK.TO vs. FST.TO - Sectors Allocation Comparison

Sectors	BLCK.TO	FST.TO
Financial Services	42.5%	20.2%
Technology	27.3%	12.0%
Communication Services	8.9%	-
Consumer Cyclical	8.5%	17.1%
Industrials	5.6%	18.9%
Utilities	2.1%	-
Basic Materials	1.6%	12.4%
Consumer Defensive	1.4%	3.9%
Healthcare	1.3%	-
Energy	0.8%	15.3%
Real Estate	-	-

Return for Risk

BLCK.TO vs. FST.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BLCK.TO

BLCK.TO Risk / Return Rank: 77
BLCK.TO Sharpe Ratio Rank: 80
BLCK.TO Sortino Ratio Rank: 80
BLCK.TO Omega Ratio Rank: 80
BLCK.TO Calmar Ratio Rank: 72
BLCK.TO Martin Ratio Rank: 72

FST.TO

FST.TO Risk / Return Rank: 80
FST.TO Sharpe Ratio Rank: 76
FST.TO Sortino Ratio Rank: 78
FST.TO Omega Ratio Rank: 76
FST.TO Calmar Ratio Rank: 82
FST.TO Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BLCK.TO vs. FST.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Innovative Transaction and Process ETF (BLCK.TO) and First Trust Canadian Capital Strength ETF (FST.TO). 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.

	BLCK.TO	FST.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.55	2.43	+0.13
Sortino ratio: Return per unit of downside risk	3.54	3.47	+0.06
Omega ratio: Gain probability vs. loss probability	1.47	1.45	+0.02
Calmar ratio: Return relative to maximum drawdown	3.59	4.29	-0.70
Martin ratio: Return relative to average drawdown	13.29	19.64	-6.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BLCK.TO vs. FST.TO - Sharpe Ratio Comparison

The current BLCK.TO Sharpe Ratio is 2.55, which is comparable to the FST.TO Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of BLCK.TO and FST.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BLCK.TO	FST.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.55	2.43	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.07	1.20	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.83	+0.03

Drawdowns

BLCK.TO vs. FST.TO - Drawdown Comparison

The maximum BLCK.TO drawdown since its inception was -26.29%, smaller than the maximum FST.TO drawdown of -38.15%. Use the drawdown chart below to compare losses from any high point for BLCK.TO and FST.TO.

Drawdown Indicators

	BLCK.TO	FST.TO	Difference
Max Drawdown Largest peak-to-trough decline	-26.29%	-38.15%	+11.86%
Max Drawdown (1Y) Largest decline over 1 year	-9.39%	-7.01%	-2.38%
Max Drawdown (3Y) Largest decline over 3 years	-14.88%	-12.33%	-2.55%
Max Drawdown (5Y) Largest decline over 5 years	-24.67%	-14.73%	-9.94%
Current Drawdown Current decline from peak	0.00%	-0.41%	+0.41%
Average Drawdown Average peak-to-trough decline	-5.06%	-3.27%	-1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	1.53%	+1.00%

Volatility

BLCK.TO vs. FST.TO - Volatility Comparison

First Trust Indxx Innovative Transaction and Process ETF (BLCK.TO) has a higher volatility of 4.49% compared to First Trust Canadian Capital Strength ETF (FST.TO) at 2.60%. This indicates that BLCK.TO's price experiences larger fluctuations and is considered to be riskier than FST.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLCK.TO	FST.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.49%	2.60%	+1.89%
Volatility (6M) Calculated over the trailing 6-month period	11.18%	9.82%	+1.36%
Volatility (1Y) Calculated over the trailing 1-year period	13.21%	12.38%	+0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.91%	14.04%	-0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.91%	15.32%	+0.59%

BLCK.TO vs. FST.TO - Expense Ratio Comparison

BLCK.TO has a 0.81% expense ratio, which is higher than FST.TO's 0.65% expense ratio.

Dividends

BLCK.TO vs. FST.TO - Dividend Comparison

BLCK.TO's dividend yield for the trailing twelve months is around 1.19%, more than FST.TO's 0.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BLCK.TO First Trust Indxx Innovative Transaction and Process ETF	1.19%	1.44%	1.45%	1.65%	3.16%	1.26%	0.25%	2.43%	0.87%	0.00%
FST.TO First Trust Canadian Capital Strength ETF	0.93%	1.01%	1.16%	1.63%	2.03%	1.87%	1.85%	1.91%	1.37%	1.30%

Frequently Asked Questions

Can I hold both BLCK.TO and FST.TO in my portfolio?

BLCK.TO and FST.TO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BLCK.TO or FST.TO?

On fees, FST.TO is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BLCK.TO or FST.TO?

FST.TO is cheaper with a 0.65% expense ratio, compared with 0.81% for BLCK.TO.

What is the main difference between BLCK.TO and FST.TO?

BLCK.TO is categorized as Blockchain, while FST.TO is Canada Equities. Their fees differ too: 0.81% for BLCK.TO and 0.65% for FST.TO.