BTCW vs. IBLC
BTCW (Wisdom Tree Bitcoin Fund) and IBLC (iShares Blockchain and Tech ETF) are both Cryptocurrency funds - BTCW tracks the No Index (Physical Bitcoin) while IBLC tracks the ICE FactSet Global Blockchain Technologies Index. Both are passively managed. Over the past year, BTCW returned -44.53% vs 17.60% for IBLC. Their 0.69 correlation means they have sometimes moved together and sometimes differently. BTCW charges 0.25%/yr vs 0.47%/yr for IBLC.
Performance
BTCW vs. IBLC - Performance Comparison
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Returns By Period
In the year-to-date period, BTCW achieves a -28.33% return, which is significantly lower than IBLC's 5.99% return.
BTCW
- 1D
- -2.95%
- 1M
- 2.34%
- 6M
- -25.06%
- YTD
- -28.33%
- 1Y
- -44.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.76%
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) |
|---|---|---|---|
| $1.20M | $1.71M | $1.37M | |
| $395.00K | $481.87K | $794.27K |
BTCW vs. IBLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCW Wisdom Tree Bitcoin Fund | -28.33% | -6.05% | 92.79% |
IBLC iShares Blockchain and Tech ETF | 5.99% | 27.05% | 20.96% |
Correlation
The correlation between BTCW and IBLC is 0.70, 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. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.69 |
The correlation between BTCW and IBLC has been stable across timeframes, ranging from 0.69 to 0.70 - a consistent structural relationship.
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Return for Risk
BTCW vs. IBLC — Risk / Return Rank
BTCW
IBLC
BTCW vs. IBLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wisdom Tree Bitcoin Fund (BTCW) 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.
| BTCW | IBLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.07 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 0.20 | -1.07 |
| Martin ratioReturn relative to average drawdown | -1.34 | 0.36 | -1.70 |
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Drawdowns
BTCW vs. IBLC - Drawdown Comparison
The maximum BTCW drawdown since its inception was -53.37%, smaller than the maximum IBLC drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for BTCW and IBLC.
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Drawdown Indicators
| BTCW | IBLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.37% | -62.54% | +9.17% |
Max Drawdown (1Y)Largest decline over 1 year | -53.37% | -44.94% | -8.43% |
Max Drawdown (3Y)Largest decline over 3 years | — | -51.68% | — |
Current DrawdownCurrent decline from peak | -50.05% | -30.32% | -19.73% |
Average DrawdownAverage peak-to-trough decline | -18.19% | -25.78% | +7.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.63% | 24.44% | +10.19% |
Volatility
BTCW vs. IBLC - Volatility Comparison
The current volatility for Wisdom Tree Bitcoin Fund (BTCW) is 9.16%, while iShares Blockchain and Tech ETF (IBLC) has a volatility of 19.77%. This indicates that BTCW 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
| BTCW | IBLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.16% | 19.77% | -10.61% |
Volatility (6M)Calculated over the trailing 6-month period | 33.66% | 43.51% | -9.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.25% | 57.85% | -13.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.47% | 64.48% | -15.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.47% | 64.48% | -15.01% |
BTCW vs. IBLC - Expense Ratio Comparison
BTCW has a 0.25% expense ratio, which is lower than IBLC's 0.47% expense ratio.
Dividends
BTCW vs. IBLC - Dividend Comparison
BTCW has not paid dividends to shareholders, while IBLC's dividend yield for the trailing twelve months is around 5.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BTCW Wisdom Tree Bitcoin Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBLC iShares Blockchain and Tech ETF | 5.91% | 6.31% | 1.60% | 1.79% | 0.84% |
Frequently Asked Questions
BTCW and IBLC have a correlation of 0.70, 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 BTCW (9.16%). In terms of maximum drawdown, BTCW dropped -53.37% vs IBLC's -62.54%.
On 1-year performance, IBLC leads with 17.60% vs -44.53% for BTCW. On fees, BTCW is cheaper at 0.25% per year. On volatility, BTCW has been the lower-risk option at 9.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBLC has performed better with a 17.60% return vs -44.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BTCW is cheaper with a 0.25% expense ratio, compared with 0.47% for IBLC.
IBLC has the higher dividend yield at 5.91%, compared with 0.00% for BTCW.
BTCW tracks No Index (Physical Bitcoin), while IBLC tracks ICE FactSet Global Blockchain Technologies Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.25% for BTCW and 0.47% for IBLC.
IBLC currently has the higher Sharpe Ratio (0.15 vs -1.05), 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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