BLCN vs. GFOF

Last updated Jun 4, 2026

BLCN (Siren ETF Trust Siren Nasdaq NexGen Economy ETF) and GFOF (Grayscale Future of Finance ETF) are both exchange-traded funds - BLCN is a Large Cap Blend Equities fund tracking the Siren NASDAQ Blockchain Economy Index, while GFOF is a Blockchain fund tracking the Bloomberg Grayscale Future of Finance Index. Both are passively managed. A 0.56 correlation means they provide meaningful diversification when combined. BLCN charges 0.68%/yr vs 0.70%/yr for GFOF.

Performance

BLCN vs. GFOF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN) and Grayscale Future of Finance ETF (GFOF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BLCN

• 1D: 0.39%
• 1M: 10.42%
• YTD: 13.09%
• 6M: 10.14%
• 1Y: 27.10%
• 3Y*: 9.50%
• 5Y*: -9.77%
• 10Y*: —

GFOF

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BLCN vs. GFOF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF	13.09%	-3.69%	5.62%	21.09%	-46.84%
GFOF Grayscale Future of Finance ETF	0.00%	0.00%	60.08%	145.49%	-68.58%

Correlation

The correlation between BLCN and GFOF is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (All Time) Calculated using the full available price history since Feb 3, 2022	0.56

The correlation between BLCN and GFOF shifts across timeframes, from 0.39 (3 years) to 0.56 (all time), reflecting how their relationship changes across market environments.

BLCN vs. GFOF - Sectors Allocation Comparison

Sectors	BLCN	GFOF
Technology	57.1%	22.8%
Industrials	16.0%	3.4%
Financial Services	7.3%	57.4%
Consumer Cyclical	4.4%	-
Basic Materials	4.4%	-
Utilities	4.2%	-
Communication Services	3.5%	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	8.5%
Real Estate	-	-

Return for Risk

BLCN vs. GFOF — Risk / Return Rank

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

BLCN

BLCN Risk / Return Rank: 21
BLCN Sharpe Ratio Rank: 21
BLCN Sortino Ratio Rank: 23
BLCN Omega Ratio Rank: 23
BLCN Calmar Ratio Rank: 21
BLCN Martin Ratio Rank: 18

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.

BLCN vs. GFOF - 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 Grayscale Future of Finance ETF (GFOF). 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.

	BLCN	GFOF	Difference
Sharpe ratio Return per unit of total volatility	0.76	—	—
Sortino ratio Return per unit of downside risk	1.25	—	—
Omega ratio Gain probability vs. loss probability	1.15	—	—
Calmar ratio Return relative to maximum drawdown	0.92	—	—
Martin ratio Return relative to average drawdown	1.97	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BLCN	GFOF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.76	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	—	—

Drawdowns

Drawdown Indicators

	BLCN	GFOF	Difference
Max Drawdown Largest peak-to-trough decline	-67.51%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-29.53%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-45.26%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-67.51%	—	—
Current Drawdown Current decline from peak	-45.11%	—	—
Average Drawdown Average peak-to-trough decline	-30.29%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	13.82%	—	—

Volatility

Volatility by Period

	BLCN	GFOF	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.45%	—	—
Volatility (6M) Calculated over the trailing 6-month period	29.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	36.03%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.93%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.22%	—	—

BLCN vs. GFOF - Expense Ratio Comparison

BLCN has a 0.68% expense ratio, which is lower than GFOF's 0.70% expense ratio.

Dividends

BLCN vs. GFOF - Dividend Comparison

BLCN's dividend yield for the trailing twelve months is around 2.66%, while GFOF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF	2.66%	3.01%	0.67%	0.54%	1.28%	0.56%	0.58%	1.45%	1.16%
GFOF Grayscale Future of Finance ETF	0.00%	0.00%	2.55%	4.08%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BLCN and GFOF in my portfolio?

BLCN and GFOF have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BLCN or GFOF?

On fees, BLCN is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BLCN or GFOF?

BLCN is cheaper with a 0.68% expense ratio, compared with 0.70% for GFOF.

Which ETF pays a higher dividend yield, BLCN or GFOF?

BLCN has the higher dividend yield at 2.66%, compared with 0.00% for GFOF.

What is the main difference between BLCN and GFOF?

BLCN is categorized as Large Cap Blend Equities, while GFOF is Blockchain. BLCN tracks Siren NASDAQ Blockchain Economy Index, while GFOF tracks Bloomberg Grayscale Future of Finance Index. They also come from different issuers: SRN Advisors and Grayscale. Their fees differ too: 0.68% for BLCN and 0.70% for GFOF.