BWOW vs. IBLC
BWOW (Bitwise Dogecoin ETF) and IBLC (iShares Blockchain and Tech ETF) are both Cryptocurrency funds - BWOW tracks the DOGE/USD Exchange Rate - Benchmark Price Return while IBLC tracks the ICE FactSet Global Blockchain Technologies Index. Both are passively managed. A 0.62 correlation means they provide meaningful diversification when combined. BWOW charges 0.34%/yr vs 0.47%/yr for IBLC.
Performance
BWOW vs. IBLC - Performance Comparison
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Returns By Period
In the year-to-date period, BWOW achieves a -33.12% return, which is significantly lower than IBLC's 27.22% return.
BWOW
- 1D
- -5.22%
- 1M
- -24.37%
- YTD
- -33.12%
- 6M
- -39.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBLC
- 1D
- -2.19%
- 1M
- -0.02%
- YTD
- 27.22%
- 6M
- 19.07%
- 1Y
- 63.95%
- 3Y*
- 45.22%
- 5Y*
- —
- 10Y*
- —
BWOW vs. IBLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BWOW Bitwise Dogecoin ETF | -33.12% | -22.26% |
IBLC iShares Blockchain and Tech ETF | 27.22% | -6.68% |
Correlation
The correlation between BWOW and IBLC is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025 | 0.62 |
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Return for Risk
BWOW vs. IBLC — Risk / Return Rank
BWOW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBLC
BWOW vs. IBLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Dogecoin ETF (BWOW) 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.
| BWOW | IBLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.43 | — |
| Martin ratioReturn relative to average drawdown | — | 2.80 | — |
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Drawdowns
BWOW vs. IBLC - Drawdown Comparison
The maximum BWOW drawdown since its inception was -49.59%, smaller than the maximum IBLC drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for BWOW and IBLC.
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Drawdown Indicators
| BWOW | IBLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.59% | -62.54% | +12.95% |
Max Drawdown (1Y)Largest decline over 1 year | — | -44.94% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -51.68% | — |
Current DrawdownCurrent decline from peak | -49.59% | -16.36% | -33.23% |
Average DrawdownAverage peak-to-trough decline | -30.13% | -25.76% | -4.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 22.89% | — |
Volatility
BWOW vs. IBLC - Volatility Comparison
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Volatility by Period
| BWOW | IBLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 16.66% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 41.64% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 73.06% | 55.87% | +17.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.06% | 64.51% | +8.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.06% | 64.51% | +8.55% |
BWOW vs. IBLC - Expense Ratio Comparison
BWOW has a 0.34% expense ratio, which is lower than IBLC's 0.47% expense ratio.
Dividends
BWOW vs. IBLC - Dividend Comparison
BWOW has not paid dividends to shareholders, while IBLC's dividend yield for the trailing twelve months is around 4.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BWOW Bitwise Dogecoin ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBLC iShares Blockchain and Tech ETF | 4.92% | 6.31% | 1.60% | 1.79% | 0.84% |
Frequently Asked Questions
BWOW and IBLC have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BWOW is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BWOW is cheaper with a 0.34% expense ratio, compared with 0.47% for IBLC.
IBLC has the higher dividend yield at 4.92%, compared with 0.00% for BWOW.
BWOW tracks DOGE/USD Exchange Rate - Benchmark Price Return, while IBLC tracks ICE FactSet Global Blockchain Technologies Index. They also come from different issuers: Bitwise and iShares. Their fees differ too: 0.34% for BWOW and 0.47% for IBLC.
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