DFII vs. IBLC
DFII (FT Vest Bitcoin Strategy & Target Income ETF) and IBLC (iShares Blockchain and Tech ETF) are both Cryptocurrency funds. DFII is actively managed, while IBLC is passively managed. Over the past year, DFII returned -45.77% vs 13.40% for IBLC. A 0.68 correlation means they provide meaningful diversification when combined. DFII charges 0.85%/yr vs 0.47%/yr for IBLC.
Performance
DFII vs. IBLC - Performance Comparison
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Returns By Period
In the year-to-date period, DFII achieves a -28.51% return, which is significantly lower than IBLC's 8.78% return.
DFII
- 1D
- -2.55%
- 1M
- -2.03%
- 6M
- -31.22%
- YTD
- -28.51%
- 1Y
- -45.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBLC
- 1D
- -3.55%
- 1M
- -13.91%
- 6M
- -4.85%
- YTD
- 8.78%
- 1Y
- 13.40%
- 3Y*
- 26.36%
- 5Y*
- —
- 10Y*
- —
DFII vs. IBLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DFII FT Vest Bitcoin Strategy & Target Income ETF | -28.51% | 6.01% |
IBLC iShares Blockchain and Tech ETF | 8.78% | 63.44% |
Correlation
The correlation between DFII and IBLC is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025 | 0.68 |
The correlation between DFII and IBLC has been stable across timeframes, ranging from 0.68 to 0.70 - a consistent structural relationship.
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Return for Risk
DFII vs. IBLC — Risk / Return Rank
DFII
IBLC
DFII vs. IBLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Bitcoin Strategy & Target Income ETF (DFII) 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.
| DFII | IBLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.08 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 0.30 | -1.20 |
| Martin ratioReturn relative to average drawdown | -1.47 | 0.57 | -2.04 |
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Drawdowns
DFII vs. IBLC - Drawdown Comparison
The maximum DFII drawdown since its inception was -51.04%, smaller than the maximum IBLC drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for DFII and IBLC.
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Drawdown Indicators
| DFII | IBLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.04% | -62.54% | +11.50% |
Max Drawdown (1Y)Largest decline over 1 year | -51.04% | -44.94% | -6.10% |
Max Drawdown (3Y)Largest decline over 3 years | — | -51.68% | — |
Current DrawdownCurrent decline from peak | -48.62% | -28.48% | -20.14% |
Average DrawdownAverage peak-to-trough decline | -21.35% | -25.74% | +4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.20% | 23.54% | +7.66% |
Volatility
DFII vs. IBLC - Volatility Comparison
The current volatility for FT Vest Bitcoin Strategy & Target Income ETF (DFII) is 10.27%, while iShares Blockchain and Tech ETF (IBLC) has a volatility of 14.26%. This indicates that DFII 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
| DFII | IBLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.27% | 14.26% | -3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 33.53% | 41.30% | -7.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.12% | 55.60% | -13.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.88% | 64.34% | -23.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.88% | 64.34% | -23.46% |
DFII vs. IBLC - Expense Ratio Comparison
DFII has a 0.85% expense ratio, which is higher than IBLC's 0.47% expense ratio.
Dividends
DFII vs. IBLC - Dividend Comparison
DFII's dividend yield for the trailing twelve months is around 28.10%, more than IBLC's 5.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DFII FT Vest Bitcoin Strategy & Target Income ETF | 28.10% | 15.51% | 0.00% | 0.00% | 0.00% |
IBLC iShares Blockchain and Tech ETF | 5.75% | 6.31% | 1.60% | 1.79% | 0.84% |
Frequently Asked Questions
DFII 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 (14.26%) compared to DFII (10.27%). In terms of maximum drawdown, DFII dropped -51.04% vs IBLC's -62.54%.
On 1-year performance, IBLC leads with 13.40% vs -45.77% for DFII. On fees, IBLC is cheaper at 0.47% per year. On volatility, DFII has been the lower-risk option at 10.27%. 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 13.40% return vs -45.77%. 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 0.85% for DFII.
DFII has the higher dividend yield at 28.10%, compared with 5.75% for IBLC.
They also come from different issuers: First Trust and iShares. Their fees differ too: 0.85% for DFII and 0.47% for IBLC.
IBLC currently has the higher Sharpe Ratio (0.24 vs -1.09), 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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