ETCG vs. IBLC
ETCG (Grayscale Ethereum Classic Trust (ETC)) and IBLC (iShares Blockchain and Tech ETF) are both Cryptocurrency funds - ETCG tracks the Ethereum Classic (ETC) while IBLC tracks the ICE FactSet Global Blockchain Technologies Index. Both are passively managed. Over the past 3 years, ETCG returned -20.02%/yr vs 31.95%/yr for IBLC. Their 0.54 correlation means they have sometimes moved together and sometimes differently. ETCG charges 2.50%/yr vs 0.47%/yr for IBLC.
Performance
ETCG vs. IBLC - Performance Comparison
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Returns By Period
In the year-to-date period, ETCG achieves a -47.46% return, which is significantly lower than IBLC's 9.90% return.
ETCG
- 1D
- 1.43%
- 1M
- -13.06%
- 6M
- -34.35%
- YTD
- -47.46%
- 1Y
- -66.78%
- 3Y*
- -20.02%
- 5Y*
- -37.77%
- 10Y*
- —
- ALL TIME*
- -22.05%
IBLC
- 1D
- 0.49%
- 1M
- -0.81%
- 6M
- 7.87%
- YTD
- 9.90%
- 1Y
- 17.19%
- 3Y*
- 31.95%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $62.63K | $57.03K | $104.25K | |
| $402.94K | $477.69K | $769.77K |
ETCG vs. IBLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ETCG Grayscale Ethereum Classic Trust (ETC) | -47.46% | -39.78% | -9.57% | 289.22% | -72.13% |
IBLC iShares Blockchain and Tech ETF | 9.90% | 27.05% | 18.58% | 201.47% | -58.93% |
Correlation
The correlation between ETCG and IBLC is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022 | 0.54 |
The correlation between ETCG and IBLC has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.
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Return for Risk
ETCG vs. IBLC — Risk / Return Rank
ETCG
IBLC
ETCG vs. IBLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Classic Trust (ETC) (ETCG) 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.
| ETCG | IBLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -3.15 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 1.09 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 0.38 | -1.30 |
| Martin ratioReturn relative to average drawdown | -1.30 | 0.70 | -2.00 |
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Drawdowns
ETCG vs. IBLC - Drawdown Comparison
The maximum ETCG drawdown since its inception was -96.59%, which is greater than IBLC's maximum drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for ETCG and IBLC.
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Drawdown Indicators
| ETCG | IBLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.59% | -62.54% | -34.05% |
Max Drawdown (1Y)Largest decline over 1 year | -72.70% | -44.94% | -27.76% |
Max Drawdown (3Y)Largest decline over 3 years | -82.25% | -51.68% | -30.57% |
Max Drawdown (5Y)Largest decline over 5 years | -92.70% | — | — |
Current DrawdownCurrent decline from peak | -96.20% | -27.75% | -68.45% |
Average DrawdownAverage peak-to-trough decline | -82.89% | -25.79% | -57.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.47% | 24.56% | +26.91% |
Volatility
ETCG vs. IBLC - Volatility Comparison
The current volatility for Grayscale Ethereum Classic Trust (ETC) (ETCG) is 9.74%, while iShares Blockchain and Tech ETF (IBLC) has a volatility of 19.14%. This indicates that ETCG 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
| ETCG | IBLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.74% | 19.14% | -9.40% |
Volatility (6M)Calculated over the trailing 6-month period | 33.37% | 43.15% | -9.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.25% | 57.43% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.69% | 64.44% | +26.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.27% | 64.44% | +49.83% |
ETCG vs. IBLC - Expense Ratio Comparison
ETCG has a 2.50% expense ratio, which is higher than IBLC's 0.47% expense ratio.
Dividends
ETCG vs. IBLC - Dividend Comparison
ETCG has not paid dividends to shareholders, while IBLC's dividend yield for the trailing twelve months is around 5.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ETCG Grayscale Ethereum Classic Trust (ETC) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBLC iShares Blockchain and Tech ETF | 5.70% | 6.31% | 1.60% | 1.79% | 0.84% |
Frequently Asked Questions
ETCG 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.
IBLC has higher volatility (19.14%) compared to ETCG (9.74%). In terms of maximum drawdown, ETCG dropped -96.59% vs IBLC's -62.54%.
On 3-year performance, IBLC leads with 31.95% vs -20.02% for ETCG. On fees, IBLC is cheaper at 0.47% per year. On volatility, ETCG has been the lower-risk option at 9.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IBLC has performed better with a 31.95% return vs -20.02%. 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 2.50% for ETCG.
IBLC has the higher dividend yield at 5.70%, compared with 0.00% for ETCG.
ETCG tracks Ethereum Classic (ETC), while IBLC tracks ICE FactSet Global Blockchain Technologies Index. They also come from different issuers: Grayscale and iShares. Their fees differ too: 2.50% for ETCG and 0.47% for IBLC.
IBLC currently has the higher Sharpe Ratio (0.30 vs -1.17), 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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