BTRN vs. IBLC

Last updated Jun 4, 2026

BTRN (Global X Bitcoin Trend Strategy ETF) and IBLC (iShares Blockchain and Tech ETF) are both Cryptocurrency funds - BTRN tracks the CoinDesk Bitcoin Trend Indicator Futures Index while IBLC tracks the ICE FactSet Global Blockchain Technologies Index. Both are passively managed. Over the past year, BTRN returned -18.31% vs 73.27% for IBLC. A 0.56 correlation means they provide meaningful diversification when combined. BTRN charges 0.95%/yr vs 0.47%/yr for IBLC.

Performance

BTRN vs. IBLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Bitcoin Trend Strategy ETF (BTRN) and iShares Blockchain and Tech ETF (IBLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTRN achieves a -9.29% return, which is significantly lower than IBLC's 32.34% return.

BTRN

• 1D: -1.35%
• 1M: -12.31%
• YTD: -9.29%
• 6M: -9.90%
• 1Y: -18.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBLC

• 1D: -3.00%
• 1M: 13.52%
• YTD: 32.34%
• 6M: 15.25%
• 1Y: 73.27%
• 3Y*: 48.31%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BTRN vs. IBLC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BTRN Global X Bitcoin Trend Strategy ETF	-9.29%	4.89%	5.22%
IBLC iShares Blockchain and Tech ETF	32.34%	27.05%	12.93%

Correlation

The correlation between BTRN and IBLC is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Mar 22, 2024	0.56

The correlation between BTRN and IBLC has been stable across timeframes, ranging from 0.48 to 0.56 - a consistent structural relationship.

BTRN vs. IBLC - Sectors Allocation Comparison

Sectors	BTRN	IBLC
Financial Services	68.6%	66.6%
Basic Materials	-	-
Communication Services	-	2.5%
Consumer Cyclical	-	0.1%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	30.7%
Utilities	-	0.2%

Return for Risk

BTRN vs. IBLC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTRN

BTRN Risk / Return Rank: 2
BTRN Sharpe Ratio Rank: 2
BTRN Sortino Ratio Rank: 2
BTRN Omega Ratio Rank: 2
BTRN Calmar Ratio Rank: 3
BTRN Martin Ratio Rank: 3

IBLC

IBLC Risk / Return Rank: 33
IBLC Sharpe Ratio Rank: 37
IBLC Sortino Ratio Rank: 36
IBLC Omega Ratio Rank: 33
IBLC Calmar Ratio Rank: 33
IBLC Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTRN vs. IBLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Bitcoin Trend Strategy ETF (BTRN) 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.

	BTRN	IBLC	Difference
Sharpe ratio: Return per unit of total volatility	-0.93	1.34	-2.27
Sortino ratio: Return per unit of downside risk	-1.23	1.92	-3.15
Omega ratio: Gain probability vs. loss probability	0.84	1.23	-0.39
Calmar ratio: Return relative to maximum drawdown	-0.73	1.64	-2.37
Martin ratio: Return relative to average drawdown	-1.25	3.26	-4.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BTRN vs. IBLC - Sharpe Ratio Comparison

The current BTRN Sharpe Ratio is -0.93, which is lower than the IBLC Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of BTRN and IBLC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BTRN	IBLC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.93	1.34	-2.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.40	-0.40

Drawdowns

BTRN vs. IBLC - Drawdown Comparison

The maximum BTRN drawdown since its inception was -36.97%, smaller than the maximum IBLC drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for BTRN and IBLC.

Drawdown Indicators

	BTRN	IBLC	Difference
Max Drawdown Largest peak-to-trough decline	-36.97%	-62.54%	+25.57%
Max Drawdown (1Y) Largest decline over 1 year	-25.29%	-44.94%	+19.65%
Max Drawdown (3Y) Largest decline over 3 years	—	-51.68%	—
Current Drawdown Current decline from peak	-25.29%	-12.99%	-12.30%
Average Drawdown Average peak-to-trough decline	-14.41%	-25.89%	+11.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.68%	22.56%	-7.88%

Volatility

BTRN vs. IBLC - Volatility Comparison

The current volatility for Global X Bitcoin Trend Strategy ETF (BTRN) is 7.24%, while iShares Blockchain and Tech ETF (IBLC) has a volatility of 14.67%. This indicates that BTRN 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.

Volatility by Period

	BTRN	IBLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.24%	14.67%	-7.43%
Volatility (6M) Calculated over the trailing 6-month period	10.35%	40.76%	-30.41%
Volatility (1Y) Calculated over the trailing 1-year period	19.91%	54.94%	-35.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.96%	64.49%	-33.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.96%	64.49%	-33.53%

BTRN vs. IBLC - Expense Ratio Comparison

BTRN has a 0.95% expense ratio, which is higher than IBLC's 0.47% expense ratio.

Dividends

BTRN vs. IBLC - Dividend Comparison

BTRN's dividend yield for the trailing twelve months is around 30.60%, more than IBLC's 4.77% yield.

Position	TTM	2025	2024	2023	2022
BTRN Global X Bitcoin Trend Strategy ETF	30.60%	27.76%	2.56%	0.00%	0.00%
IBLC iShares Blockchain and Tech ETF	4.77%	6.31%	1.60%	1.79%	0.84%

Frequently Asked Questions

Can I hold both BTRN and IBLC in my portfolio?

BTRN and IBLC have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BTRN or IBLC?

IBLC has higher volatility (14.67%) compared to BTRN (7.24%). In terms of maximum drawdown, BTRN dropped -36.97% vs IBLC's -62.54%.

Which ETF is better, BTRN or IBLC?

On 1-year performance, IBLC leads with 73.27% vs -18.31% for BTRN. On fees, IBLC is cheaper at 0.47% per year. On volatility, BTRN has been the lower-risk option at 7.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BTRN or IBLC?

Over the 1-year period, IBLC has performed better with a 73.27% return vs -18.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BTRN or IBLC?

IBLC is cheaper with a 0.47% expense ratio, compared with 0.95% for BTRN.

Which ETF pays a higher dividend yield, BTRN or IBLC?

BTRN has the higher dividend yield at 30.60%, compared with 4.77% for IBLC.

What is the main difference between BTRN and IBLC?

BTRN tracks CoinDesk Bitcoin Trend Indicator Futures Index, while IBLC tracks ICE FactSet Global Blockchain Technologies Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.95% for BTRN and 0.47% for IBLC.

Which has better risk-adjusted returns?

IBLC currently has the higher Sharpe Ratio (1.34 vs -0.93), 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.