BLKC vs. HECO

Last updated Jul 29, 2026

BLKC (Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF) and HECO (State Street Galaxy Hedged Digital Asset Ecosystem ETF) are both Blockchain funds. BLKC is passively managed, while HECO is actively managed. Their -0.13 correlation means they have often moved in opposite directions in the past. BLKC charges 0.60%/yr vs 0.90%/yr for HECO.

Performance

BLKC vs. HECO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) and State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BLKC

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

HECO

• 1D: -3.07%
• 1M: -7.49%
• 6M: 32.77%
• YTD: 57.22%
• 1Y: 78.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 64.92%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HECO State Street Galaxy Hedged Digital Asset Ecosystem ETF	$84.74K	$59.19K	$469.60K

BLKC vs. HECO - Yearly Performance Comparison

	2026 (YTD)
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF	0.34%
HECO State Street Galaxy Hedged Digital Asset Ecosystem ETF	43.19%

Correlation

The correlation between BLKC and HECO is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 23, 2026	-0.13

Return for Risk

BLKC vs. HECO — Risk / Return Rank

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

BLKC

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

HECO

HECO Risk / Return Rank: 83
HECO Sharpe Ratio Rank: 87
HECO Sortino Ratio Rank: 82
HECO Omega Ratio Rank: 77
HECO Calmar Ratio Rank: 89
HECO Martin Ratio Rank: 80

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.

BLKC vs. HECO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) and State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO). 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.

	BLKC	HECO	Difference
Sharpe ratio: Return per unit of total volatility	—	2.09	—
Sortino ratio: Return per unit of downside risk	—	2.67	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	3.73	—
Martin ratio: Return relative to average drawdown	—	10.44	—

Drawdowns

Drawdown Indicators

	BLKC	HECO	Difference
Max Drawdown Largest peak-to-trough decline	—	-44.59%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-21.03%	—
Current Drawdown Current decline from peak	—	-10.27%	—
Average Drawdown Average peak-to-trough decline	—	-11.20%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.53%	—

Volatility

Volatility by Period

	BLKC	HECO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	37.61%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	44.10%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	44.10%	—

BLKC vs. HECO - Expense Ratio Comparison

BLKC has a 0.60% expense ratio, which is lower than HECO's 0.90% expense ratio.

Dividends

BLKC vs. HECO - Dividend Comparison

Neither BLKC nor HECO has paid dividends to shareholders.

Position	TTM	2025	2024
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF	0.00%	0.00%	0.00%
HECO State Street Galaxy Hedged Digital Asset Ecosystem ETF	0.00%	0.00%	2.61%

Frequently Asked Questions

Can I hold both BLKC and HECO in my portfolio?

BLKC and HECO have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BLKC or HECO?

On fees, BLKC is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BLKC or HECO?

BLKC is cheaper with a 0.60% expense ratio, compared with 0.90% for HECO.

Which ETF pays a higher dividend yield, BLKC or HECO?

BLKC and HECO have nearly identical dividend yields, around 0.00%.

What is the main difference between BLKC and HECO?

They also come from different issuers: Invesco and State Street. Their fees differ too: 0.60% for BLKC and 0.90% for HECO.