BLCN vs. UNOV
Compare and contrast key facts about Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN) and Innovator U.S. Equity Ultra Buffer ETF - November (UNOV).
BLCN and UNOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. UNOV is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 30% (-5% to -35%) Buffer Protect November Series Index. It was launched on Nov 1, 2019. Both BLCN and UNOV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BLCN vs. UNOV - Performance Comparison
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BLCN vs. UNOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF | -11.69% | -3.69% | 5.62% | 21.09% | -51.76% | 4.86% | 60.60% | 6.45% |
UNOV Innovator U.S. Equity Ultra Buffer ETF - November | -1.75% | 9.92% | 9.42% | 14.18% | -6.23% | 4.45% | 8.31% | 1.87% |
Returns By Period
In the year-to-date period, BLCN achieves a -11.69% return, which is significantly lower than UNOV's -1.75% return.
BLCN
- 1D
- 0.76%
- 1M
- -6.50%
- YTD
- -11.69%
- 6M
- -22.06%
- 1Y
- 13.51%
- 3Y*
- 0.94%
- 5Y*
- -14.37%
- 10Y*
- —
UNOV
- 1D
- 0.32%
- 1M
- -2.40%
- YTD
- -1.75%
- 6M
- -0.35%
- 1Y
- 9.78%
- 3Y*
- 8.89%
- 5Y*
- 5.41%
- 10Y*
- —
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BLCN vs. UNOV - Expense Ratio Comparison
BLCN has a 0.68% expense ratio, which is lower than UNOV's 0.79% expense ratio.
Return for Risk
BLCN vs. UNOV — Risk / Return Rank
BLCN
UNOV
BLCN vs. UNOV - 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 Innovator U.S. Equity Ultra Buffer ETF - November (UNOV). 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 | UNOV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.34 | 1.16 | -0.82 |
Sortino ratioReturn per unit of downside risk | 0.78 | 1.71 | -0.93 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.27 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 0.47 | 1.75 | -1.28 |
Martin ratioReturn relative to average drawdown | 1.14 | 8.25 | -7.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BLCN | UNOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 1.16 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | 0.80 | -1.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.78 | -0.80 |
Correlation
The correlation between BLCN and UNOV is 0.57, 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.
Dividends
BLCN vs. UNOV - Dividend Comparison
BLCN's dividend yield for the trailing twelve months is around 3.41%, while UNOV has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 3.41% | 3.01% | 0.67% | 0.54% | 1.28% | 0.56% | 0.58% | 1.45% | 1.16% |
UNOV Innovator U.S. Equity Ultra Buffer ETF - November | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BLCN vs. UNOV - Drawdown Comparison
The maximum BLCN drawdown since its inception was -67.51%, which is greater than UNOV's maximum drawdown of -13.84%. Use the drawdown chart below to compare losses from any high point for BLCN and UNOV.
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Drawdown Indicators
| BLCN | UNOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.51% | -13.84% | -53.67% |
Max Drawdown (1Y)Largest decline over 1 year | -29.53% | -5.78% | -23.75% |
Max Drawdown (5Y)Largest decline over 5 years | -67.51% | -9.10% | -58.41% |
Current DrawdownCurrent decline from peak | -57.14% | -2.93% | -54.21% |
Average DrawdownAverage peak-to-trough decline | -29.87% | -1.69% | -28.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.25% | 1.23% | +11.02% |
Volatility
BLCN vs. UNOV - Volatility Comparison
Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN) has a higher volatility of 12.51% compared to Innovator U.S. Equity Ultra Buffer ETF - November (UNOV) at 2.73%. This indicates that BLCN's price experiences larger fluctuations and is considered to be riskier than UNOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLCN | UNOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.51% | 2.73% | +9.78% |
Volatility (6M)Calculated over the trailing 6-month period | 26.28% | 4.56% | +21.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.96% | 8.51% | +31.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.08% | 6.78% | +27.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.88% | 7.77% | +23.11% |