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BLCN vs. USMV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BLCN vs. USMV

Last updated Jul 14, 2026
Documentation

BLCN (Siren ETF Trust Siren Nasdaq NexGen Economy ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both Large Cap Blend Equities funds - BLCN tracks the Siren NASDAQ Blockchain Economy Index while USMV tracks the MSCI USA Minimum Volatility Index. Both are passively managed. Over the past 5 years, BLCN returned -11.23%/yr vs 7.16%/yr for USMV. At a 0.47 correlation, their price movements are largely independent. BLCN charges 0.68%/yr vs 0.15%/yr for USMV.

Performance

BLCN vs. USMV - 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 iShares MSCI USA Min Vol Factor ETF (USMV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BLCN achieves a 1.25% return, which is significantly lower than USMV's 4.64% return.

BLCN

1D
-0.82%
1M
-6.69%
6M
-3.39%
YTD
1.25%
1Y
1.78%
3Y*
2.51%
5Y*
-11.23%
10Y*
—

USMV

1D
0.06%
1M
2.16%
6M
3.87%
YTD
4.64%
1Y
7.10%
3Y*
11.43%
5Y*
7.16%
10Y*
9.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BLCN vs. USMV - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
BLCN
Siren ETF Trust Siren Nasdaq NexGen Economy ETF		1.25%-3.69%5.62%21.09%-51.76%4.86%60.60%33.94%-18.99%
USMV
iShares MSCI USA Min Vol Factor ETF		4.64%7.65%15.74%10.33%-9.43%20.85%5.64%27.69%-0.01%

Correlation

The correlation between BLCN and USMV is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.15

Correlation (3Y)
Calculated over the trailing 3-year period

0.26

Correlation (5Y)
Calculated over the trailing 5-year period

0.40

Correlation (All Time)
Calculated using the full available price history since Jan 17, 2018

0.47

Over the past year, the correlation between BLCN and USMV has dropped to 0.15 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

BLCN vs. USMV - Sectors Allocation Comparison

Sectors
BLCN
USMV

Technology

22.6%
33.9%

Financial Services

17.9%
11.7%

Industrials

8.9%
6.1%

Utilities

4.2%
6.9%

Consumer Cyclical

3.7%
5.7%

Communication Services

2.7%
6.2%

Basic Materials

1.3%
2.4%

Consumer Defensive

-

9.4%

Energy

-

2.7%

Healthcare

-

12.6%

Real Estate

-

2.5%

Technology

BLCN
22.6%
USMV
33.9%

Financial Services

BLCN
17.9%
USMV
11.7%

Industrials

BLCN
8.9%
USMV
6.1%

Utilities

BLCN
4.2%
USMV
6.9%

Consumer Cyclical

BLCN
3.7%
USMV
5.7%

Communication Services

BLCN
2.7%
USMV
6.2%

Basic Materials

BLCN
1.3%
USMV
2.4%

Consumer Defensive

BLCN

-

USMV
9.4%

Energy

BLCN

-

USMV
2.7%

Healthcare

BLCN

-

USMV
12.6%

Real Estate

BLCN

-

USMV
2.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Siren ETF Trust Siren Nasdaq NexGen Economy ETF

iShares MSCI USA Min Vol Factor ETF

Often compared with BLCN:
BLCN vs. BLOKBLCN vs. DAPPBLCN vs. FINXBLCN vs. BITWBLCN vs. COSTBLCN vs. VOOBLCN vs. GBTC
Often compared with USMV:
USMV vs. SPLVUSMV vs. SPYUSMV vs. VOOUSMV vs. QUALUSMV vs. VFMVUSMV vs. ACWVUSMV vs. VTI

Return for Risk

BLCN vs. USMV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BLCN
BLCN Risk / Return Rank: 1010
Overall Rank
BLCN Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
BLCN Sortino Ratio Rank: 1111
Sortino Ratio Rank
BLCN Omega Ratio Rank: 1111
Omega Ratio Rank
BLCN Calmar Ratio Rank: 1010
Calmar Ratio Rank
BLCN Martin Ratio Rank: 1010
Martin Ratio Rank
USMV
USMV Risk / Return Rank: 2828
Overall Rank
USMV Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
USMV Sortino Ratio Rank: 2626
Sortino Ratio Rank
USMV Omega Ratio Rank: 2525
Omega Ratio Rank
USMV Calmar Ratio Rank: 2828
Calmar Ratio Rank
USMV Martin Ratio Rank: 3131
Martin Ratio Rank
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. USMV - 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 iShares MSCI USA Min Vol Factor ETF (USMV). 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.

BLCNUSMVDifference
Sharpe ratioReturn per unit of total volatility
0.05
0.84

-0.79

Sortino ratioReturn per unit of downside risk
0.34
1.23

-0.89

Omega ratioGain probability vs. loss probability

1.04

1.15

-0.11

Calmar ratioReturn relative to maximum drawdown

0.06

1.10

-1.04

Martin ratioReturn relative to average drawdown

0.12

3.61

-3.48

BLCN vs. USMV - Sharpe Ratio Comparison

The current BLCN Sharpe Ratio is 0.05, which is lower than the USMV Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of BLCN and USMV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BLCN vs. USMV - Drawdown Comparison

The maximum BLCN drawdown since its inception was -67.51%, which is greater than USMV's maximum drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for BLCN and USMV.

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Drawdown Indicators

BLCNUSMVDifference

Max Drawdown

Largest peak-to-trough decline

-67.51%

-33.10%

-34.41%

Max Drawdown (1Y)

Largest decline over 1 year

-29.53%

-6.46%

-23.07%

Max Drawdown (3Y)

Largest decline over 3 years

-45.26%

-9.36%

-35.90%

Max Drawdown (5Y)

Largest decline over 5 years

-67.51%

-17.93%

-49.58%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.10%

—

Current Drawdown

Current decline from peak

-50.86%

-0.54%

-50.32%

Average Drawdown

Average peak-to-trough decline

-30.50%

-2.87%

-27.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.32%

1.97%

+12.35%

Volatility

BLCN vs. USMV - Volatility Comparison

Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN) has a higher volatility of 12.26% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 2.54%. This indicates that BLCN's price experiences larger fluctuations and is considered to be riskier than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BLCNUSMVDifference

Volatility (1M)

Calculated over the trailing 1-month period

12.26%

2.54%

+9.72%

Volatility (6M)

Calculated over the trailing 6-month period

28.38%

6.22%

+22.16%

Volatility (1Y)

Calculated over the trailing 1-year period

37.54%

8.48%

+29.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

35.39%

12.36%

+23.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.37%

14.49%

+16.88%

BLCN vs. USMV - Expense Ratio Comparison

BLCN has a 0.68% expense ratio, which is higher than USMV's 0.15% expense ratio.

Dividends

BLCN vs. USMV - Dividend Comparison

BLCN's dividend yield for the trailing twelve months is around 2.85%, more than USMV's 1.48% yield.

PositionTTM20252024202320222021202020192018201720162015
BLCN
Siren ETF Trust Siren Nasdaq NexGen Economy ETF		2.85%3.01%0.67%0.54%1.28%0.56%0.58%1.45%1.16%0.00%0.00%0.00%
USMV
iShares MSCI USA Min Vol Factor ETF		1.48%1.49%1.67%1.82%1.62%1.26%1.81%1.88%2.12%1.77%2.22%2.02%

Frequently Asked Questions

BLCN and USMV have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BLCN has higher volatility (12.26%) compared to USMV (2.54%). In terms of maximum drawdown, BLCN dropped -67.51% vs USMV's -33.10%.

On 5-year performance, USMV leads with 7.16% vs -11.23% for BLCN. On fees, USMV is cheaper at 0.15% per year. On volatility, USMV has been the lower-risk option at 2.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, USMV has performed better with a 7.16% return vs -11.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

USMV is cheaper with a 0.15% expense ratio, compared with 0.68% for BLCN.

BLCN has the higher dividend yield at 2.85%, compared with 1.48% for USMV.

BLCN tracks Siren NASDAQ Blockchain Economy Index, while USMV tracks MSCI USA Minimum Volatility Index. They also come from different issuers: SRN Advisors and iShares. Their fees differ too: 0.68% for BLCN and 0.15% for USMV.

USMV currently has the higher Sharpe Ratio (0.84 vs 0.05), 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.

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