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.
Key characteristics
| BLCN | GBTC | |
|---|---|---|
| YTD Return | 13.77% | 105.98% |
| 1Y Return | 40.83% | 160.07% |
| 3Y Return (Ann) | -17.97% | 11.51% |
| 5Y Return (Ann) | 3.31% | 47.55% |
| Sharpe Ratio | 1.14 | 2.45 |
| Sortino Ratio | 1.75 | 2.89 |
| Omega Ratio | 1.20 | 1.35 |
| Calmar Ratio | 0.71 | 2.82 |
| Martin Ratio | 5.21 | 9.41 |
| Ulcer Index | 8.33% | 15.45% |
| Daily Std Dev | 38.24% | 59.25% |
| Max Drawdown | -64.38% | -89.91% |
| Current Drawdown | -45.71% | 0.00% |
Correlation
The correlation between BLCN and GBTC is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BLCN vs. GBTC - Performance Comparison
In the year-to-date period, BLCN achieves a 13.77% return, which is significantly lower than GBTC's 105.98% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 0.64%, while GBTC has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 0.64% | 0.54% | 1.28% | 0.56% | 0.58% | 1.45% | 1.15% | 0.00% |
GBTC Grayscale Bitcoin Trust (BTC) | 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 -64.38%, 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
The current volatility for Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN) is 14.25%, while Grayscale Bitcoin Trust (BTC) (GBTC) has a volatility of 17.81%. This indicates that BLCN experiences smaller price fluctuations and is considered to be less risky than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.