BLCV vs. BPAY

Last updated Jul 17, 2026

BLCV (Blackrock Large Cap Value ETF) and BPAY (BlackRock Future Financial and Technology ETF) are both exchange-traded funds - BLCV is a Large Cap Value Equities fund actively managed by BlackRock, while BPAY is a Financials Equities fund actively managed by BlackRock. Both are actively managed. A 0.69 correlation means they provide meaningful diversification when combined. BLCV charges 0.55%/yr vs 0.70%/yr for BPAY.

Performance

BLCV vs. BPAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackrock Large Cap Value ETF (BLCV) and BlackRock Future Financial and Technology ETF (BPAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BLCV

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

BPAY

• 1D: -0.96%
• 1M: 7.86%
• 6M: -0.87%
• YTD: -0.95%
• 1Y: -13.26%
• 3Y*: 9.98%
• 5Y*: —
• 10Y*: —

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

BLCV vs. BPAY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BLCV Blackrock Large Cap Value ETF	6.47%	19.96%	12.63%	14.56%
BPAY BlackRock Future Financial and Technology ETF	-0.95%	8.54%	17.28%	15.61%

Correlation

The correlation between BLCV and BPAY is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (All Time) Calculated using the full available price history since May 23, 2023	0.69

The correlation between BLCV and BPAY shifts across timeframes, from 0.59 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.

BLCV vs. BPAY - Sectors Allocation Comparison

Sectors	BLCV	BPAY
Technology	18.3%	30.5%
Financial Services	14.9%	58.0%
Industrials	14.2%	5.1%
Healthcare	11.6%	-
Consumer Cyclical	9.9%	6.4%
Communication Services	9.5%	-
Consumer Defensive	6.1%	-
Energy	6.0%	-
Utilities	4.4%	-
Real Estate	2.7%	2.2%
Basic Materials	2.4%	-

Return for Risk

BLCV vs. BPAY — Risk / Return Rank

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

BLCV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BPAY

BPAY Risk / Return Rank: 5
BPAY Sharpe Ratio Rank: 5
BPAY Sortino Ratio Rank: 5
BPAY Omega Ratio Rank: 5
BPAY Calmar Ratio Rank: 6
BPAY Martin Ratio Rank: 6

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.

BLCV vs. BPAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackrock Large Cap Value ETF (BLCV) and BlackRock Future Financial and Technology ETF (BPAY). 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.

	BLCV	BPAY	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.51	—
Sortino ratio: Return per unit of downside risk	—	-0.56	—
Omega ratio: Gain probability vs. loss probability	—	0.93	—
Calmar ratio: Return relative to maximum drawdown	—	-0.40	—
Martin ratio: Return relative to average drawdown	—	-0.72	—

Drawdowns

Drawdown Indicators

	BLCV	BPAY	Difference
Max Drawdown Largest peak-to-trough decline	—	-33.62%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-33.62%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-33.62%	—
Current Drawdown Current decline from peak	—	-16.32%	—
Average Drawdown Average peak-to-trough decline	—	-10.84%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	18.48%	—

Volatility

Volatility by Period

	BLCV	BPAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.22%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	26.15%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	24.49%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	24.49%	—

BLCV vs. BPAY - Expense Ratio Comparison

BLCV has a 0.55% expense ratio, which is lower than BPAY's 0.70% expense ratio.

Dividends

BLCV vs. BPAY - Dividend Comparison

BLCV has not paid dividends to shareholders, while BPAY's dividend yield for the trailing twelve months is around 6.84%.

Position	TTM	2025	2024	2023	2022
BLCV Blackrock Large Cap Value ETF	1.01%	1.37%	1.63%	1.02%	0.00%
BPAY BlackRock Future Financial and Technology ETF	6.84%	6.49%	0.48%	1.18%	0.18%

Frequently Asked Questions

Can I hold both BLCV and BPAY in my portfolio?

BLCV and BPAY have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BLCV or BPAY?

On fees, BLCV is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BLCV or BPAY?

BLCV is cheaper with a 0.55% expense ratio, compared with 0.70% for BPAY.

Which ETF pays a higher dividend yield, BLCV or BPAY?

BPAY has the higher dividend yield at 6.84%, compared with 1.01% for BLCV.

What is the main difference between BLCV and BPAY?

BLCV is categorized as Large Cap Value Equities, while BPAY is Financials Equities. Their fees differ too: 0.55% for BLCV and 0.70% for BPAY.