BLCN vs. BITO
BLCN (Siren ETF Trust Siren Nasdaq NexGen Economy ETF) and BITO (ProShares Bitcoin Strategy ETF) are both exchange-traded funds - BLCN is a Large Cap Blend Equities fund tracking the Siren NASDAQ Blockchain Economy Index, while BITO is a Cryptocurrency fund actively managed by ProShares. BLCN is passively managed, while BITO is actively managed. Over the past 3 years, BLCN returned 8.76%/yr vs 17.05%/yr for BITO. A 0.55 correlation means they provide meaningful diversification when combined. BLCN charges 0.68%/yr vs 0.95%/yr for BITO.
Performance
BLCN vs. BITO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BLCN achieves a 8.09% return, which is significantly higher than BITO's -33.32% return.
BLCN
- 1D
- 0.79%
- 1M
- -1.57%
- YTD
- 8.09%
- 6M
- 5.66%
- 1Y
- 18.72%
- 3Y*
- 8.76%
- 5Y*
- -10.30%
- 10Y*
- —
BITO
- 1D
- -1.10%
- 1M
- -22.17%
- YTD
- -33.32%
- 6M
- -33.16%
- 1Y
- -47.20%
- 3Y*
- 17.05%
- 5Y*
- —
- 10Y*
- —
BLCN vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 8.09% | -3.69% | 5.62% | 21.09% | -51.76% | -10.16% |
BITO ProShares Bitcoin Strategy ETF | -33.32% | -11.19% | 104.45% | 137.33% | -63.91% | -29.31% |
Correlation
The correlation between BLCN and BITO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2021 | 0.55 |
The correlation between BLCN and BITO has been stable across timeframes, ranging from 0.48 to 0.55 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BLCN vs. BITO — Risk / Return Rank
BLCN
BITO
BLCN vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN) and ProShares Bitcoin Strategy ETF (BITO). 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.
| BLCN | BITO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.82 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | -0.88 | +1.51 |
| Martin ratioReturn relative to average drawdown | 1.34 | -1.49 | +2.83 |
Loading charts...
Drawdowns
BLCN vs. BITO - Drawdown Comparison
The maximum BLCN drawdown since its inception was -67.51%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for BLCN and BITO.
Loading charts...
Drawdown Indicators
| BLCN | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.51% | -77.86% | +10.35% |
Max Drawdown (1Y)Largest decline over 1 year | -29.53% | -54.01% | +24.48% |
Max Drawdown (3Y)Largest decline over 3 years | -45.26% | -54.01% | +8.75% |
Max Drawdown (5Y)Largest decline over 5 years | -67.51% | — | — |
Current DrawdownCurrent decline from peak | -47.54% | -54.01% | +6.47% |
Average DrawdownAverage peak-to-trough decline | -30.40% | -36.89% | +6.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.00% | 31.65% | -17.65% |
Volatility
BLCN vs. BITO - Volatility Comparison
Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN) and ProShares Bitcoin Strategy ETF (BITO) have volatilities of 12.33% and 12.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BLCN | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.33% | 12.96% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 27.23% | 34.32% | -7.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.66% | 44.16% | -7.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.22% | 55.00% | -19.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.31% | 55.00% | -23.69% |
BLCN vs. BITO - Expense Ratio Comparison
BLCN has a 0.68% expense ratio, which is lower than BITO's 0.95% expense ratio.
Dividends
BLCN vs. BITO - Dividend Comparison
BLCN's dividend yield for the trailing twelve months is around 2.67%, less than BITO's 74.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 74.68% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 2.67% | 3.01% | 0.67% | 0.54% | 1.28% | 0.56% | 0.58% | 1.45% | 1.16% |
Frequently Asked Questions
BLCN and BITO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITO has higher volatility (12.96%) compared to BLCN (12.33%). In terms of maximum drawdown, BLCN dropped -67.51% vs BITO's -77.86%.
On 3-year performance, BITO leads with 17.05% vs 8.76% for BLCN. On fees, BLCN is cheaper at 0.68% per year. On volatility, BLCN has been the lower-risk option at 12.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BITO has performed better with a 17.05% return vs 8.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BLCN is cheaper with a 0.68% expense ratio, compared with 0.95% for BITO.
BITO has the higher dividend yield at 74.68%, compared with 2.67% for BLCN.
BLCN is categorized as Large Cap Blend Equities, while BITO is Cryptocurrency. They also come from different issuers: SRN Advisors and ProShares. Their fees differ too: 0.68% for BLCN and 0.95% for BITO.
BLCN currently has the higher Sharpe Ratio (0.51 vs -1.07), 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.
Find the right allocation for BLCN and BITO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer