BLKC vs. VOO
Compare and contrast key facts about Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) and Vanguard S&P 500 ETF (VOO).
BLKC and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BLKC is a passively managed fund by Invesco that tracks the performance of the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index. It was launched on Oct 7, 2021. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both BLKC and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BLKC or VOO.
Key characteristics
| BLKC | VOO | |
|---|---|---|
| YTD Return | 12.27% | 19.30% |
| 1Y Return | 57.96% | 28.36% |
| Sharpe Ratio | 1.65 | 2.26 |
| Daily Std Dev | 34.69% | 12.63% |
| Max Drawdown | -72.75% | -33.99% |
| Current Drawdown | -28.22% | -0.28% |
Correlation
The correlation between BLKC and VOO is 0.71, 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.
Performance
BLKC vs. VOO - Performance Comparison
In the year-to-date period, BLKC achieves a 12.27% return, which is significantly lower than VOO's 19.30% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BLKC vs. VOO - Expense Ratio Comparison
BLKC has a 0.60% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
BLKC vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
BLKC vs. VOO - Dividend Comparison
BLKC's dividend yield for the trailing twelve months is around 1.80%, more than VOO's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF | 1.80% | 1.92% | 5.40% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.28% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
BLKC vs. VOO - Drawdown Comparison
The maximum BLKC drawdown since its inception was -72.75%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for BLKC and VOO. For additional features, visit the drawdowns tool.
Volatility
BLKC vs. VOO - Volatility Comparison
Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) has a higher volatility of 9.54% compared to Vanguard S&P 500 ETF (VOO) at 3.92%. This indicates that BLKC's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.