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 -8.79%/yr vs 50.11%/yr for IBLC. A 0.54 correlation means they provide meaningful diversification when combined. ETCG charges 2.50%/yr vs 0.47%/yr for IBLC.
Performance
ETCG vs. IBLC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETCG achieves a -37.40% return, which is significantly lower than IBLC's 31.00% return.
ETCG
- 1D
- -3.10%
- 1M
- -11.55%
- YTD
- -37.40%
- 6M
- -45.61%
- 1Y
- -53.60%
- 3Y*
- -8.79%
- 5Y*
- -36.21%
- 10Y*
- —
IBLC
- 1D
- -1.01%
- 1M
- 8.35%
- YTD
- 31.00%
- 6M
- 11.45%
- 1Y
- 64.83%
- 3Y*
- 50.11%
- 5Y*
- —
- 10Y*
- —
ETCG vs. IBLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ETCG Grayscale Ethereum Classic Trust (ETC) | -37.40% | -39.78% | -9.57% | 289.22% | -69.70% |
IBLC iShares Blockchain and Tech ETF | 31.00% | 27.05% | 18.58% | 201.47% | -57.76% |
Correlation
The correlation between ETCG and IBLC is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2022 | 0.54 |
The correlation between ETCG and IBLC has been stable across timeframes, ranging from 0.46 to 0.54 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
| ETCG | IBLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -3.21 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.21 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 1.45 | -2.25 |
| Martin ratioReturn relative to average drawdown | -1.23 | 2.88 | -4.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ETCG | IBLC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.87 | 1.19 | -2.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.18 | 0.39 | -0.58 |
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.
Loading charts...
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 | -67.13% | -44.94% | -22.19% |
Max Drawdown (3Y)Largest decline over 3 years | -78.55% | -51.68% | -26.87% |
Max Drawdown (5Y)Largest decline over 5 years | -92.70% | — | — |
Current DrawdownCurrent decline from peak | -95.47% | -13.87% | -81.60% |
Average DrawdownAverage peak-to-trough decline | -82.67% | -25.88% | -56.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.62% | 22.58% | +21.04% |
Volatility
ETCG vs. IBLC - Volatility Comparison
The current volatility for Grayscale Ethereum Classic Trust (ETC) (ETCG) is 11.24%, while iShares Blockchain and Tech ETF (IBLC) has a volatility of 14.39%. 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.
Loading charts...
Volatility by Period
| ETCG | IBLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.24% | 14.39% | -3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 36.67% | 40.72% | -4.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.10% | 54.80% | +7.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.02% | 64.46% | +29.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 115.30% | 64.46% | +50.84% |
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 4.82%.
| 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 | 4.82% | 6.31% | 1.60% | 1.79% | 0.84% |
Frequently Asked Questions
ETCG and IBLC have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBLC has higher volatility (14.39%) compared to ETCG (11.24%). In terms of maximum drawdown, ETCG dropped -96.59% vs IBLC's -62.54%.
On 3-year performance, IBLC leads with 50.11% vs -8.79% for ETCG. On fees, IBLC is cheaper at 0.47% per year. On volatility, ETCG has been the lower-risk option at 11.24%. 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 50.11% return vs -8.79%. 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 4.82%, 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 (1.19 vs -0.87), 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.
Find the right allocation for ETCG and IBLC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer