CLNK vs. IBLC

Last updated Jun 24, 2026

CLNK (Bitwise Chainlink ETF) and IBLC (iShares Blockchain and Tech ETF) are both Cryptocurrency funds - CLNK tracks the Chainlink (LINK) spot price while IBLC tracks the ICE FactSet Global Blockchain Technologies Index. Both are passively managed. A 0.71 correlation means they provide meaningful diversification when combined. CLNK charges 0.34%/yr vs 0.47%/yr for IBLC.

Performance

CLNK vs. IBLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Chainlink ETF (CLNK) and iShares Blockchain and Tech ETF (IBLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CLNK

• 1D: -4.58%
• 1M: -20.30%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBLC

• 1D: -4.49%
• 1M: -4.51%
• YTD: 21.51%
• 6M: 13.99%
• 1Y: 46.13%
• 3Y*: 43.02%
• 5Y*: —
• 10Y*: —

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

CLNK vs. IBLC - Yearly Performance Comparison

	2026 (YTD)
CLNK Bitwise Chainlink ETF	-45.91%
IBLC iShares Blockchain and Tech ETF	4.65%

Correlation

The correlation between CLNK and IBLC is 0.71, 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 Jan 14, 2026	0.71

Return for Risk

CLNK vs. IBLC — Risk / Return Rank

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

CLNK

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IBLC

IBLC Risk / Return Rank: 24
IBLC Sharpe Ratio Rank: 25
IBLC Sortino Ratio Rank: 28
IBLC Omega Ratio Rank: 26
IBLC Calmar Ratio Rank: 24
IBLC Martin Ratio Rank: 19

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.

CLNK vs. IBLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Chainlink ETF (CLNK) 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.

	CLNK	IBLC	Difference
Sharpe ratio: Return per unit of total volatility	—	0.83	—
Sortino ratio: Return per unit of downside risk	—	1.41	—
Omega ratio: Gain probability vs. loss probability	—	1.17	—
Calmar ratio: Return relative to maximum drawdown	—	1.03	—
Martin ratio: Return relative to average drawdown	—	2.02	—

Drawdowns

CLNK vs. IBLC - Drawdown Comparison

The maximum CLNK drawdown since its inception was -48.04%, smaller than the maximum IBLC drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for CLNK and IBLC.

Drawdown Indicators

	CLNK	IBLC	Difference
Max Drawdown Largest peak-to-trough decline	-48.04%	-62.54%	+14.50%
Max Drawdown (1Y) Largest decline over 1 year	—	-44.94%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-51.68%	—
Current Drawdown Current decline from peak	-46.41%	-20.11%	-26.30%
Average Drawdown Average peak-to-trough decline	-33.42%	-25.75%	-7.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	22.92%	—

Volatility

Volatility by Period

	CLNK	IBLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	41.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	67.99%	56.05%	+11.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.99%	64.52%	+3.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.99%	64.52%	+3.47%

CLNK vs. IBLC - Expense Ratio Comparison

CLNK has a 0.34% expense ratio, which is lower than IBLC's 0.47% expense ratio.

Dividends

CLNK vs. IBLC - Dividend Comparison

CLNK has not paid dividends to shareholders, while IBLC's dividend yield for the trailing twelve months is around 5.15%.

Position	TTM	2025	2024	2023	2022
CLNK Bitwise Chainlink ETF	0.00%	0.00%	0.00%	0.00%	0.00%
IBLC iShares Blockchain and Tech ETF	5.15%	6.31%	1.60%	1.79%	0.84%

Frequently Asked Questions

Can I hold both CLNK and IBLC in my portfolio?

CLNK and IBLC have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CLNK or IBLC?

On fees, CLNK is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLNK or IBLC?

CLNK is cheaper with a 0.34% expense ratio, compared with 0.47% for IBLC.

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

IBLC has the higher dividend yield at 5.15%, compared with 0.00% for CLNK.

What is the main difference between CLNK and IBLC?

CLNK tracks Chainlink (LINK) spot price, 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 CLNK and 0.47% for IBLC.