ETH vs. IBLC
ETH (Grayscale Ethereum Staking Mini ETF) and IBLC (iShares Blockchain and Tech ETF) are both Cryptocurrency funds. ETH is actively managed, while IBLC is passively managed. Over the past year, ETH returned -30.84% vs 73.27% for IBLC. A 0.68 correlation means they provide meaningful diversification when combined. ETH charges 0.15%/yr vs 0.47%/yr for IBLC.
Performance
ETH vs. IBLC - Performance Comparison
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Returns By Period
In the year-to-date period, ETH achieves a -38.95% return, which is significantly lower than IBLC's 32.34% return.
ETH
- 1D
- -5.52%
- 1M
- -23.42%
- YTD
- -38.95%
- 6M
- -42.17%
- 1Y
- -30.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBLC
- 1D
- -3.00%
- 1M
- 13.52%
- YTD
- 32.34%
- 6M
- 15.25%
- 1Y
- 73.27%
- 3Y*
- 48.31%
- 5Y*
- —
- 10Y*
- —
ETH vs. IBLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETH Grayscale Ethereum Staking Mini ETF | -38.95% | -10.89% | -3.70% |
IBLC iShares Blockchain and Tech ETF | 32.34% | 27.05% | -3.74% |
Correlation
The correlation between ETH and IBLC is 0.66, 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 | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024 | 0.68 |
The correlation between ETH and IBLC has been stable across timeframes, ranging from 0.66 to 0.68 - a consistent structural relationship.
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Return for Risk
ETH vs. IBLC — Risk / Return Rank
ETH
IBLC
ETH vs. IBLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Staking Mini ETF (ETH) 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.
| ETH | IBLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.21 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.23 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 1.64 | -2.13 |
| Martin ratioReturn relative to average drawdown | -0.82 | 3.26 | -4.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ETH | IBLC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.45 | 1.34 | -1.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.41 | 0.40 | -0.81 |
Drawdowns
ETH vs. IBLC - Drawdown Comparison
The maximum ETH drawdown since its inception was -64.01%, roughly equal to the maximum IBLC drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for ETH and IBLC.
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Drawdown Indicators
| ETH | IBLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.01% | -62.54% | -1.47% |
Max Drawdown (1Y)Largest decline over 1 year | -62.40% | -44.94% | -17.46% |
Max Drawdown (3Y)Largest decline over 3 years | — | -51.68% | — |
Current DrawdownCurrent decline from peak | -62.40% | -12.99% | -49.41% |
Average DrawdownAverage peak-to-trough decline | -32.58% | -25.89% | -6.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.50% | 22.56% | +14.94% |
Volatility
ETH vs. IBLC - Volatility Comparison
The current volatility for Grayscale Ethereum Staking Mini ETF (ETH) is 9.90%, while iShares Blockchain and Tech ETF (IBLC) has a volatility of 14.67%. This indicates that ETH 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
| ETH | IBLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.90% | 14.67% | -4.77% |
Volatility (6M)Calculated over the trailing 6-month period | 46.02% | 40.76% | +5.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.34% | 54.94% | +13.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.26% | 64.49% | +7.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.26% | 64.49% | +7.77% |
ETH vs. IBLC - Expense Ratio Comparison
ETH has a 0.15% expense ratio, which is lower than IBLC's 0.47% expense ratio.
Dividends
ETH vs. IBLC - Dividend Comparison
ETH has not paid dividends to shareholders, while IBLC's dividend yield for the trailing twelve months is around 4.77%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ETH Grayscale Ethereum Staking Mini ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBLC iShares Blockchain and Tech ETF | 4.77% | 6.31% | 1.60% | 1.79% | 0.84% |
Frequently Asked Questions
ETH and IBLC have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBLC has higher volatility (14.67%) compared to ETH (9.90%). In terms of maximum drawdown, ETH dropped -64.01% vs IBLC's -62.54%.
On 1-year performance, IBLC leads with 73.27% vs -30.84% for ETH. On fees, ETH is cheaper at 0.15% per year. On volatility, ETH has been the lower-risk option at 9.90%. 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 73.27% return vs -30.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ETH is cheaper with a 0.15% expense ratio, compared with 0.47% for IBLC.
IBLC has the higher dividend yield at 4.77%, compared with 0.00% for ETH.
They also come from different issuers: Grayscale and iShares. Their fees differ too: 0.15% for ETH and 0.47% for IBLC.
IBLC currently has the higher Sharpe Ratio (1.34 vs -0.45), 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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