ETHB vs. BCDF

Last updated Jun 5, 2026

ETHB (iShares Staked Ethereum Trust ETF) and BCDF (Horizon Kinetics Blockchain Development ETF) are both Cryptocurrency funds. ETHB is passively managed, while BCDF is actively managed. At a 0.49 correlation, their price movements are largely independent. ETHB charges 0.25%/yr vs 0.85%/yr for BCDF.

Performance

ETHB vs. BCDF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Staked Ethereum Trust ETF (ETHB) and Horizon Kinetics Blockchain Development ETF (BCDF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ETHB

• 1D: -1.47%
• 1M: -25.16%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BCDF

• 1D: 0.11%
• 1M: -4.77%
• YTD: 3.34%
• 6M: 2.87%
• 1Y: 6.42%
• 3Y*: 15.27%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ETHB vs. BCDF - Yearly Performance Comparison

	2026 (YTD)
ETHB iShares Staked Ethereum Trust ETF	-14.37%
BCDF Horizon Kinetics Blockchain Development ETF	0.89%

Correlation

The correlation between ETHB and BCDF is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 13, 2026	0.49

Return for Risk

ETHB vs. BCDF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCDF

BCDF Risk / Return Rank: 17
BCDF Sharpe Ratio Rank: 16
BCDF Sortino Ratio Rank: 16
BCDF Omega Ratio Rank: 16
BCDF Calmar Ratio Rank: 20
BCDF Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETHB vs. BCDF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Staked Ethereum Trust ETF (ETHB) and Horizon Kinetics Blockchain Development ETF (BCDF). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ETHB	BCDF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.05	0.39	-1.44

Drawdowns

ETHB vs. BCDF - Drawdown Comparison

The maximum ETHB drawdown since its inception was -26.98%, roughly equal to the maximum BCDF drawdown of -27.70%. Use the drawdown chart below to compare losses from any high point for ETHB and BCDF.

Drawdown Indicators

	ETHB	BCDF	Difference
Max Drawdown Largest peak-to-trough decline	-26.98%	-27.70%	+0.72%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.63%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.46%	—
Current Drawdown Current decline from peak	-26.98%	-7.53%	-19.45%
Average Drawdown Average peak-to-trough decline	-8.22%	-9.83%	+1.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.42%	—

Volatility

Volatility by Period

	ETHB	BCDF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.03%	—
Volatility (1Y) Calculated over the trailing 1-year period	47.27%	14.75%	+32.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.27%	16.94%	+30.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.27%	16.94%	+30.33%

ETHB vs. BCDF - Expense Ratio Comparison

ETHB has a 0.25% expense ratio, which is lower than BCDF's 0.85% expense ratio.

Dividends

ETHB vs. BCDF - Dividend Comparison

ETHB has not paid dividends to shareholders, while BCDF's dividend yield for the trailing twelve months is around 2.44%.

Position	TTM	2025	2024	2023	2022
BCDF Horizon Kinetics Blockchain Development ETF	2.44%	2.53%	1.63%	0.69%	0.38%
ETHB iShares Staked Ethereum Trust ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ETHB and BCDF in my portfolio?

ETHB and BCDF have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETHB or BCDF?

On fees, ETHB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETHB or BCDF?

ETHB is cheaper with a 0.25% expense ratio, compared with 0.85% for BCDF.

Which ETF pays a higher dividend yield, ETHB or BCDF?

BCDF has the higher dividend yield at 2.44%, compared with 0.00% for ETHB.

What is the main difference between ETHB and BCDF?

They also come from different issuers: iShares and Horizon. Their fees differ too: 0.25% for ETHB and 0.85% for BCDF.