BLOK.L vs. IBIT
Compare and contrast key facts about First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK.L) and iShares Bitcoin Trust ETF (IBIT).
BLOK.L and IBIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BLOK.L is a passively managed fund by First Trust that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Apr 9, 2018. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024. Both BLOK.L and IBIT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BLOK.L vs. IBIT - Performance Comparison
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BLOK.L vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BLOK.L First Trust Indxx Innovative Transaction & Process UCITS ETF | -2.71% | 22.34% | 20.71% |
IBIT iShares Bitcoin Trust ETF | -21.15% | -13.08% | 103.19% |
Different Trading Currencies
BLOK.L is traded in GBp, while IBIT is traded in USD. To make them comparable, the IBIT values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, BLOK.L achieves a -2.71% return, which is significantly higher than IBIT's -21.15% return.
BLOK.L
- 1D
- 0.55%
- 1M
- -5.21%
- YTD
- -2.71%
- 6M
- 4.16%
- 1Y
- 18.08%
- 3Y*
- 15.61%
- 5Y*
- 10.52%
- 10Y*
- —
IBIT
- 1D
- 1.67%
- 1M
- 5.34%
- YTD
- -21.15%
- 6M
- -39.88%
- 1Y
- -19.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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BLOK.L vs. IBIT - Expense Ratio Comparison
BLOK.L has a 0.65% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Return for Risk
BLOK.L vs. IBIT — Risk / Return Rank
BLOK.L
IBIT
BLOK.L vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK.L) and iShares Bitcoin Trust ETF (IBIT). 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.
| BLOK.L | IBIT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | -0.45 | +1.66 |
Sortino ratioReturn per unit of downside risk | 1.64 | -0.38 | +2.02 |
Omega ratioGain probability vs. loss probability | 1.24 | 0.96 | +0.28 |
Calmar ratioReturn relative to maximum drawdown | 1.53 | -0.42 | +1.95 |
Martin ratioReturn relative to average drawdown | 6.29 | -0.92 | +7.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BLOK.L | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | -0.45 | +1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.32 | +0.42 |
Correlation
The correlation between BLOK.L and IBIT is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BLOK.L vs. IBIT - Dividend Comparison
Neither BLOK.L nor IBIT has paid dividends to shareholders.
Drawdowns
BLOK.L vs. IBIT - Drawdown Comparison
The maximum BLOK.L drawdown since its inception was -26.23%, smaller than the maximum IBIT drawdown of -49.55%. Use the drawdown chart below to compare losses from any high point for BLOK.L and IBIT.
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Drawdown Indicators
| BLOK.L | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.23% | -49.36% | +23.13% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -49.36% | +38.24% |
Max Drawdown (5Y)Largest decline over 5 years | -16.43% | — | — |
Current DrawdownCurrent decline from peak | -6.07% | -46.11% | +40.04% |
Average DrawdownAverage peak-to-trough decline | -4.34% | -14.13% | +9.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 23.09% | -20.48% |
Volatility
BLOK.L vs. IBIT - Volatility Comparison
The current volatility for First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK.L) is 4.63%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 12.67%. This indicates that BLOK.L experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLOK.L | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 12.67% | -8.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 35.71% | -25.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.90% | 44.51% | -29.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.80% | 50.61% | -36.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.19% | 50.61% | -34.42% |