BPAY vs. IBLC
BPAY (BlackRock Future Financial and Technology ETF) and IBLC (iShares Blockchain and Tech ETF) are both exchange-traded funds - BPAY is a Financials Equities fund actively managed by BlackRock, while IBLC is a Cryptocurrency fund tracking the ICE FactSet Global Blockchain Technologies Index. BPAY is actively managed, while IBLC is passively managed. Over the past 3 years, BPAY returned 9.14%/yr vs 45.22%/yr for IBLC. A 0.64 correlation means they provide meaningful diversification when combined. BPAY charges 0.70%/yr vs 0.47%/yr for IBLC.
Performance
BPAY vs. IBLC - Performance Comparison
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Returns By Period
In the year-to-date period, BPAY achieves a -10.19% return, which is significantly lower than IBLC's 27.22% return.
BPAY
- 1D
- -1.19%
- 1M
- 0.93%
- YTD
- -10.19%
- 6M
- -12.22%
- 1Y
- -17.49%
- 3Y*
- 9.14%
- 5Y*
- —
- 10Y*
- —
IBLC
- 1D
- -2.19%
- 1M
- -0.02%
- YTD
- 27.22%
- 6M
- 19.07%
- 1Y
- 63.95%
- 3Y*
- 45.22%
- 5Y*
- —
- 10Y*
- —
BPAY vs. IBLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BPAY BlackRock Future Financial and Technology ETF | -10.19% | 8.54% | 17.28% | 13.19% | -16.32% |
IBLC iShares Blockchain and Tech ETF | 27.22% | 27.05% | 18.58% | 201.47% | -51.32% |
Correlation
The correlation between BPAY and IBLC is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2022 | 0.64 |
The correlation between BPAY and IBLC has been stable across timeframes, ranging from 0.63 to 0.67 - a consistent structural relationship.
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Return for Risk
BPAY vs. IBLC — Risk / Return Rank
BPAY
IBLC
BPAY vs. IBLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Future Financial and Technology ETF (BPAY) and iShares Blockchain and Tech ETF (IBLC). 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.
| BPAY | IBLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.54 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.21 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 1.43 | -1.95 |
| Martin ratioReturn relative to average drawdown | -0.98 | 2.80 | -3.78 |
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Drawdowns
BPAY vs. IBLC - Drawdown Comparison
The maximum BPAY drawdown since its inception was -33.62%, smaller than the maximum IBLC drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for BPAY and IBLC.
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Drawdown Indicators
| BPAY | IBLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.62% | -62.54% | +28.92% |
Max Drawdown (1Y)Largest decline over 1 year | -33.62% | -44.94% | +11.32% |
Max Drawdown (3Y)Largest decline over 3 years | -33.62% | -51.68% | +18.06% |
Current DrawdownCurrent decline from peak | -24.12% | -16.36% | -7.76% |
Average DrawdownAverage peak-to-trough decline | -10.72% | -25.76% | +15.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.90% | 22.89% | -4.99% |
Volatility
BPAY vs. IBLC - Volatility Comparison
The current volatility for BlackRock Future Financial and Technology ETF (BPAY) is 9.68%, while iShares Blockchain and Tech ETF (IBLC) has a volatility of 16.66%. This indicates that BPAY experiences smaller price fluctuations and is considered to be less risky than IBLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BPAY | IBLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.68% | 16.66% | -6.98% |
Volatility (6M)Calculated over the trailing 6-month period | 19.74% | 41.64% | -21.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.97% | 55.87% | -29.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.48% | 64.51% | -40.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.48% | 64.51% | -40.03% |
BPAY vs. IBLC - Expense Ratio Comparison
BPAY has a 0.70% expense ratio, which is higher than IBLC's 0.47% expense ratio.
Dividends
BPAY vs. IBLC - Dividend Comparison
BPAY's dividend yield for the trailing twelve months is around 7.55%, more than IBLC's 4.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BPAY BlackRock Future Financial and Technology ETF | 7.55% | 6.49% | 0.48% | 1.18% | 0.18% |
IBLC iShares Blockchain and Tech ETF | 4.92% | 6.31% | 1.60% | 1.79% | 0.84% |
Frequently Asked Questions
BPAY and IBLC have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBLC has higher volatility (16.66%) compared to BPAY (9.68%). In terms of maximum drawdown, BPAY dropped -33.62% vs IBLC's -62.54%.
On 3-year performance, IBLC leads with 45.22% vs 9.14% for BPAY. On fees, IBLC is cheaper at 0.47% per year. On volatility, BPAY has been the lower-risk option at 9.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IBLC has performed better with a 45.22% return vs 9.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBLC is cheaper with a 0.47% expense ratio, compared with 0.70% for BPAY.
BPAY has the higher dividend yield at 7.55%, compared with 4.92% for IBLC.
BPAY is categorized as Financials Equities, while IBLC is Cryptocurrency. They also come from different issuers: BlackRock and iShares. Their fees differ too: 0.70% for BPAY and 0.47% for IBLC.
IBLC currently has the higher Sharpe Ratio (1.15 vs -0.68), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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