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 10.10%/yr vs 26.36%/yr for IBLC. A 0.63 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 -2.19% return, which is significantly lower than IBLC's 8.78% return.
BPAY
- 1D
- -1.19%
- 1M
- 10.36%
- 6M
- -5.00%
- YTD
- -2.19%
- 1Y
- -11.61%
- 3Y*
- 10.10%
- 5Y*
- —
- 10Y*
- —
IBLC
- 1D
- -3.55%
- 1M
- -13.91%
- 6M
- -4.85%
- YTD
- 8.78%
- 1Y
- 13.40%
- 3Y*
- 26.36%
- 5Y*
- —
- 10Y*
- —
BPAY vs. IBLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BPAY BlackRock Future Financial and Technology ETF | -2.19% | 8.54% | 17.28% | 13.19% | -16.32% |
IBLC iShares Blockchain and Tech ETF | 8.78% | 27.05% | 18.58% | 201.47% | -51.32% |
Correlation
The correlation between BPAY and IBLC is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2022 | 0.63 |
The correlation between BPAY and IBLC has been stable across timeframes, ranging from 0.62 to 0.64 - 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 | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.08 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 0.30 | -0.65 |
| Martin ratioReturn relative to average drawdown | -0.63 | 0.57 | -1.20 |
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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 | -17.37% | -28.48% | +11.11% |
Average DrawdownAverage peak-to-trough decline | -10.83% | -25.74% | +14.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.39% | 23.54% | -5.15% |
Volatility
BPAY vs. IBLC - Volatility Comparison
The current volatility for BlackRock Future Financial and Technology ETF (BPAY) is 7.54%, while iShares Blockchain and Tech ETF (IBLC) has a volatility of 14.26%. 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 | 7.54% | 14.26% | -6.72% |
Volatility (6M)Calculated over the trailing 6-month period | 20.21% | 41.30% | -21.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.17% | 55.60% | -29.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.51% | 64.34% | -39.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.51% | 64.34% | -39.83% |
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 6.93%, more than IBLC's 5.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BPAY BlackRock Future Financial and Technology ETF | 6.93% | 6.49% | 0.48% | 1.18% | 0.18% |
IBLC iShares Blockchain and Tech ETF | 5.75% | 6.31% | 1.60% | 1.79% | 0.84% |
Frequently Asked Questions
BPAY and IBLC have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBLC has higher volatility (14.26%) compared to BPAY (7.54%). In terms of maximum drawdown, BPAY dropped -33.62% vs IBLC's -62.54%.
On 3-year performance, IBLC leads with 26.36% vs 10.10% for BPAY. On fees, IBLC is cheaper at 0.47% per year. On volatility, BPAY has been the lower-risk option at 7.54%. 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 26.36% return vs 10.10%. 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 6.93%, compared with 5.75% 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 (0.24 vs -0.45), 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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