BLCR vs. HCMT

Last updated Apr 1, 2026

Compare and contrast key facts about Blackrock Large Cap Core ETF (BLCR) and Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT).

BLCR and HCMT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BLCR is an actively managed fund by BlackRock. It was launched on Oct 24, 2023. HCMT is an actively managed fund by Direxion. It was launched on Jun 21, 2023.

Performance

BLCR vs. HCMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackrock Large Cap Core ETF (BLCR) and Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT). The values are adjusted to include any dividend payments, if applicable.

BLCR vs. HCMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BLCR Blackrock Large Cap Core ETF	-3.06%	30.93%	17.07%	14.18%
HCMT Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF	-8.58%	7.39%	39.14%	15.10%

Returns By Period

In the year-to-date period, BLCR achieves a -3.06% return, which is significantly higher than HCMT's -8.58% return.

BLCR

• 1D: 3.51%
• 1M: -5.06%
• YTD: -3.06%
• 6M: 2.52%
• 1Y: 34.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HCMT

• 1D: -0.03%
• 1M: -6.60%
• YTD: -8.58%
• 6M: -5.95%
• 1Y: 17.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BLCR vs. HCMT - Expense Ratio Comparison

BLCR has a 0.36% expense ratio, which is lower than HCMT's 1.17% expense ratio.

HCMT

Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF

BLCR

Blackrock Large Cap Core ETF

Return for Risk

BLCR vs. HCMT — Risk / Return Rank

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

BLCR

BLCR Risk / Return Rank: 87
BLCR Sharpe Ratio Rank: 84
BLCR Sortino Ratio Rank: 86
BLCR Omega Ratio Rank: 85
BLCR Calmar Ratio Rank: 89
BLCR Martin Ratio Rank: 91

HCMT

HCMT Risk / Return Rank: 33
HCMT Sharpe Ratio Rank: 32
HCMT Sortino Ratio Rank: 32
HCMT Omega Ratio Rank: 33
HCMT Calmar Ratio Rank: 36
HCMT Martin Ratio Rank: 30

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.

BLCR vs. HCMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackrock Large Cap Core ETF (BLCR) and Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT). 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.

	BLCR	HCMT	Difference
Sharpe ratio Return per unit of total volatility	1.64	0.58	+1.07
Sortino ratio Return per unit of downside risk	2.29	0.91	+1.38
Omega ratio Gain probability vs. loss probability	1.34	1.13	+0.21
Calmar ratio Return relative to maximum drawdown	2.89	0.89	+2.00
Martin ratio Return relative to average drawdown	12.09	2.48	+9.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BLCR vs. HCMT - Sharpe Ratio Comparison

The current BLCR Sharpe Ratio is 1.64, which is higher than the HCMT Sharpe Ratio of 0.58. The chart below compares the historical Sharpe Ratios of BLCR and HCMT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BLCR	HCMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	0.58	+1.07
Sharpe Ratio (All Time) Calculated using the full available price history	1.40	0.49	+0.91

Correlation

The correlation between BLCR and HCMT is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

BLCR vs. HCMT - Dividend Comparison

BLCR's dividend yield for the trailing twelve months is around 0.28%, less than HCMT's 0.46% yield.

	TTM	2025	2024	2023
BLCR Blackrock Large Cap Core ETF	0.28%	0.33%	0.75%	0.13%
HCMT Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF	0.46%	0.43%	2.75%	0.63%

Drawdowns

BLCR vs. HCMT - Drawdown Comparison

The maximum BLCR drawdown since its inception was -21.29%, smaller than the maximum HCMT drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for BLCR and HCMT.

Drawdown Indicators

	BLCR	HCMT	Difference
Max Drawdown Largest peak-to-trough decline	-21.29%	-36.26%	+14.97%
Max Drawdown (1Y) Largest decline over 1 year	-12.13%	-19.31%	+7.18%
Current Drawdown Current decline from peak	-7.11%	-13.50%	+6.39%
Average Drawdown Average peak-to-trough decline	-2.28%	-8.33%	+6.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	6.93%	-4.03%

Volatility

BLCR vs. HCMT - Volatility Comparison

The current volatility for Blackrock Large Cap Core ETF (BLCR) is 7.06%, while Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT) has a volatility of 7.70%. This indicates that BLCR experiences smaller price fluctuations and is considered to be less risky than HCMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLCR	HCMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.06%	7.70%	-0.64%
Volatility (6M) Calculated over the trailing 6-month period	12.45%	20.08%	-7.63%
Volatility (1Y) Calculated over the trailing 1-year period	21.12%	29.73%	-8.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.59%	29.03%	-11.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.59%	29.03%	-11.44%