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 -38.89% vs 63.95% for IBLC. A 0.70 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 -28.19% return, which is significantly lower than IBLC's 27.22% return.
DFII
- 1D
- -2.94%
- 1M
- -17.11%
- YTD
- -28.19%
- 6M
- -28.07%
- 1Y
- -38.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBLC
- 1D
- -2.19%
- 1M
- -0.02%
- YTD
- 27.22%
- 6M
- 19.07%
- 1Y
- 63.95%
- 3Y*
- 45.22%
- 5Y*
- —
- 10Y*
- —
DFII vs. IBLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DFII FT Vest Bitcoin Strategy & Target Income ETF | -28.19% | 6.01% |
IBLC iShares Blockchain and Tech ETF | 27.22% | 63.44% |
Correlation
The correlation between DFII 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 (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025 | 0.70 |
The correlation between DFII and IBLC has been stable across timeframes, ranging from 0.70 to 0.71 - 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 | -2.08 | ||
| Sortino ratioReturn per unit of downside risk | -3.02 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.21 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 1.43 | -2.21 |
| Martin ratioReturn relative to average drawdown | -1.34 | 2.80 | -4.14 |
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Drawdowns
DFII vs. IBLC - Drawdown Comparison
The maximum DFII drawdown since its inception was -50.13%, 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 | -50.13% | -62.54% | +12.41% |
Max Drawdown (1Y)Largest decline over 1 year | -50.13% | -44.94% | -5.19% |
Max Drawdown (3Y)Largest decline over 3 years | — | -51.68% | — |
Current DrawdownCurrent decline from peak | -48.40% | -16.36% | -32.04% |
Average DrawdownAverage peak-to-trough decline | -20.16% | -25.76% | +5.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.13% | 22.89% | +6.24% |
Volatility
DFII vs. IBLC - Volatility Comparison
The current volatility for FT Vest Bitcoin Strategy & Target Income ETF (DFII) is 12.48%, while iShares Blockchain and Tech ETF (IBLC) has a volatility of 16.66%. 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 | 12.48% | 16.66% | -4.18% |
Volatility (6M)Calculated over the trailing 6-month period | 33.37% | 41.64% | -8.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.94% | 55.87% | -13.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.20% | 64.51% | -23.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.20% | 64.51% | -23.31% |
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 29.19%, more than IBLC's 4.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DFII FT Vest Bitcoin Strategy & Target Income ETF | 29.19% | 15.51% | 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
DFII 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.
IBLC has higher volatility (16.66%) compared to DFII (12.48%). In terms of maximum drawdown, DFII dropped -50.13% vs IBLC's -62.54%.
On 1-year performance, IBLC leads with 63.95% vs -38.89% for DFII. On fees, IBLC is cheaper at 0.47% per year. On volatility, DFII has been the lower-risk option at 12.48%. 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 63.95% return vs -38.89%. 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 29.19%, compared with 4.92% 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 (1.15 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.
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