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 8.37%/yr vs 26.70%/yr for IBLC. Their 0.63 correlation means they have sometimes moved together and sometimes differently. BPAY charges 0.70%/yr vs 0.47%/yr for IBLC.
Performance
BPAY vs. IBLC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BPAY achieves a -1.50% return, which is significantly lower than IBLC's 5.99% return.
BPAY
- 1D
- -0.37%
- 1M
- 0.10%
- 6M
- 4.10%
- YTD
- -1.50%
- 1Y
- -11.26%
- 3Y*
- 8.37%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.45%
IBLC
- 1D
- -2.87%
- 1M
- -4.33%
- 6M
- 0.61%
- YTD
- 5.99%
- 1Y
- 17.60%
- 3Y*
- 26.70%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $137.55K | $90.06K | $56.72K | |
| $395.00K | $481.87K | $794.27K |
BPAY vs. IBLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BPAY BlackRock Future Financial and Technology ETF | -1.50% | 8.54% | 17.28% | 13.19% | -16.32% |
IBLC iShares Blockchain and Tech ETF | 5.99% | 27.05% | 18.58% | 201.47% | -51.32% |
Correlation
The correlation between BPAY and IBLC is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 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.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.07 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 0.20 | -0.63 |
| Martin ratioReturn relative to average drawdown | -0.79 | 0.36 | -1.15 |
Loading charts...
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.
Loading charts...
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 | -32.78% | -44.94% | +12.16% |
Max Drawdown (3Y)Largest decline over 3 years | -33.62% | -51.68% | +18.06% |
Current DrawdownCurrent decline from peak | -16.78% | -30.32% | +13.54% |
Average DrawdownAverage peak-to-trough decline | -10.92% | -25.78% | +14.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.94% | 24.44% | -6.50% |
Volatility
BPAY vs. IBLC - Volatility Comparison
The current volatility for BlackRock Future Financial and Technology ETF (BPAY) is 6.48%, while iShares Blockchain and Tech ETF (IBLC) has a volatility of 19.77%. 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.
Loading charts...
Volatility by Period
| BPAY | IBLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.48% | 19.77% | -13.29% |
Volatility (6M)Calculated over the trailing 6-month period | 20.38% | 43.51% | -23.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.19% | 57.85% | -31.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.48% | 64.48% | -40.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.48% | 64.48% | -40.00% |
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 6.88%, more than IBLC's 5.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BPAY BlackRock Future Financial and Technology ETF | 6.88% | 6.49% | 0.48% | 1.18% | 0.18% |
IBLC iShares Blockchain and Tech ETF | 5.91% | 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 (19.77%) compared to BPAY (6.48%). In terms of maximum drawdown, BPAY dropped -33.62% vs IBLC's -62.54%.
On 3-year performance, IBLC leads with 26.70% vs 8.37% for BPAY. On fees, IBLC is cheaper at 0.47% per year. On volatility, BPAY has been the lower-risk option at 6.48%. 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 26.70% return vs 8.37%. 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 6.88%, compared with 5.91% 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 (0.15 vs -0.54), 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.
Find the right allocation for BPAY and IBLC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer