BLCN vs. GBTC
Compare and contrast key facts about Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN) and Grayscale Bitcoin Trust (BTC) (GBTC).
BLCN is a passively managed fund by SRN Advisors that tracks the performance of the Siren NASDAQ Blockchain Economy Index. It was launched on Jan 17, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BLCN or GBTC.
Correlation
The correlation between BLCN and GBTC is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BLCN vs. GBTC - Performance Comparison
Key characteristics
BLCN:
-0.42
GBTC:
0.85
BLCN:
-0.32
GBTC:
1.43
BLCN:
0.96
GBTC:
1.17
BLCN:
-0.26
GBTC:
1.29
BLCN:
-0.98
GBTC:
2.85
BLCN:
18.07%
GBTC:
15.85%
BLCN:
43.99%
GBTC:
55.12%
BLCN:
-67.51%
GBTC:
-89.91%
BLCN:
-59.51%
GBTC:
-3.82%
Returns By Period
In the year-to-date period, BLCN achieves a -19.66% return, which is significantly lower than GBTC's 10.06% return.
BLCN
-19.66%
10.90%
-24.43%
-18.39%
-3.23%
N/A
GBTC
10.06%
25.26%
33.45%
46.61%
48.20%
65.17%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
BLCN vs. GBTC — Risk-Adjusted Performance Rank
BLCN
GBTC
BLCN vs. GBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN) and Grayscale Bitcoin Trust (BTC) (GBTC). 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.
Dividends
BLCN vs. GBTC - Dividend Comparison
BLCN's dividend yield for the trailing twelve months is around 0.61%, while GBTC has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 0.61% | 0.67% | 0.54% | 1.28% | 0.56% | 0.58% | 1.45% | 1.16% | 0.00% |
GBTC Grayscale Bitcoin Trust (BTC) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% |
Drawdowns
BLCN vs. GBTC - Drawdown Comparison
The maximum BLCN drawdown since its inception was -67.51%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for BLCN and GBTC. For additional features, visit the drawdowns tool.
Volatility
BLCN vs. GBTC - Volatility Comparison
Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN) has a higher volatility of 14.24% compared to Grayscale Bitcoin Trust (BTC) (GBTC) at 10.64%. This indicates that BLCN's price experiences larger fluctuations and is considered to be riskier than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.