Correlation
The correlation between BPAY and IBLC is 0.77, 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.
BPAY vs. IBLC
Compare and contrast key facts about BlackRock Future Financial and Technology ETF (BPAY) and iShares Blockchain and Tech ETF (IBLC).
BPAY and IBLC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BPAY is an actively managed fund by BlackRock. It was launched on Aug 16, 2022. IBLC is a passively managed fund by iShares that tracks the performance of the ICE FactSet Global Blockchain Technologies Index. It was launched on Apr 25, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BPAY or IBLC.
Performance
BPAY vs. IBLC - Performance Comparison
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Key characteristics
BPAY:
0.72
IBLC:
0.20
BPAY:
1.08
IBLC:
0.75
BPAY:
1.15
IBLC:
1.09
BPAY:
0.67
IBLC:
0.23
BPAY:
2.30
IBLC:
0.46
BPAY:
7.36%
IBLC:
25.66%
BPAY:
26.05%
IBLC:
65.73%
BPAY:
-26.17%
IBLC:
-62.54%
BPAY:
-3.39%
IBLC:
-30.20%
Returns By Period
In the year-to-date period, BPAY achieves a 4.55% return, which is significantly higher than IBLC's -7.47% return.
BPAY
4.55%
9.87%
1.03%
18.73%
N/A
N/A
N/A
IBLC
-7.47%
16.14%
-25.15%
12.87%
22.12%
N/A
N/A
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BPAY vs. IBLC - Expense Ratio Comparison
BPAY has a 0.70% expense ratio, which is higher than IBLC's 0.47% expense ratio.
Risk-Adjusted Performance
BPAY vs. IBLC — Risk-Adjusted Performance Rank
BPAY
IBLC
BPAY vs. IBLC - Risk-Adjusted Performance 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.
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Dividends
BPAY vs. IBLC - Dividend Comparison
BPAY's dividend yield for the trailing twelve months is around 0.46%, less than IBLC's 1.73% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
BPAY BlackRock Future Financial and Technology ETF | 0.46% | 0.48% | 1.18% | 0.18% |
IBLC iShares Blockchain and Tech ETF | 1.73% | 1.60% | 1.79% | 0.84% |
Drawdowns
BPAY vs. IBLC - Drawdown Comparison
The maximum BPAY drawdown since its inception was -26.17%, 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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Volatility
BPAY vs. IBLC - Volatility Comparison
The current volatility for BlackRock Future Financial and Technology ETF (BPAY) is 6.19%, while iShares Blockchain and Tech ETF (IBLC) has a volatility of 14.62%. 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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