ETHT vs. IBLC
ETHT (ProShares Ultra Ether ETF) and IBLC (iShares Blockchain and Tech ETF) are both Cryptocurrency funds - ETHT tracks the Bloomberg Ethereum Index (200%) while IBLC tracks the ICE FactSet Global Blockchain Technologies Index. Both are passively managed. Over the past year, ETHT returned -84.63% vs 4.27% for IBLC. A 0.67 correlation means they provide meaningful diversification when combined. ETHT charges 0.94%/yr vs 0.47%/yr for IBLC.
Performance
ETHT vs. IBLC - Performance Comparison
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Returns By Period
In the year-to-date period, ETHT achieves a -72.35% return, which is significantly lower than IBLC's 4.27% return.
ETHT
- 1D
- -5.05%
- 1M
- 5.02%
- 6M
- -76.92%
- YTD
- -72.35%
- 1Y
- -84.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBLC
- 1D
- -5.37%
- 1M
- -19.65%
- 6M
- -8.48%
- YTD
- 4.27%
- 1Y
- 4.27%
- 3Y*
- 24.93%
- 5Y*
- —
- 10Y*
- —
ETHT vs. IBLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHT ProShares Ultra Ether ETF | -72.35% | -64.86% | -45.44% |
IBLC iShares Blockchain and Tech ETF | 4.27% | 27.05% | 11.87% |
Correlation
The correlation between ETHT and IBLC is 0.65, 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 | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2024 | 0.67 |
The correlation between ETHT and IBLC has been stable across timeframes, ranging from 0.65 to 0.67 - a consistent structural relationship.
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Return for Risk
ETHT vs. IBLC — Risk / Return Rank
ETHT
IBLC
ETHT vs. IBLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Ether ETF (ETHT) 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.
| ETHT | IBLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.06 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 0.10 | -0.99 |
| Martin ratioReturn relative to average drawdown | -1.21 | 0.18 | -1.39 |
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Drawdowns
ETHT vs. IBLC - Drawdown Comparison
The maximum ETHT drawdown since its inception was -96.25%, which is greater than IBLC's maximum drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for ETHT and IBLC.
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Drawdown Indicators
| ETHT | IBLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.25% | -62.54% | -33.71% |
Max Drawdown (1Y)Largest decline over 1 year | -94.27% | -44.94% | -49.33% |
Max Drawdown (3Y)Largest decline over 3 years | — | -51.68% | — |
Current DrawdownCurrent decline from peak | -94.70% | -31.45% | -63.25% |
Average DrawdownAverage peak-to-trough decline | -68.53% | -25.75% | -42.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 69.73% | 23.76% | +45.97% |
Volatility
ETHT vs. IBLC - Volatility Comparison
ProShares Ultra Ether ETF (ETHT) has a higher volatility of 28.95% compared to iShares Blockchain and Tech ETF (IBLC) at 12.09%. This indicates that ETHT's price experiences larger fluctuations and is considered to be riskier 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
| ETHT | IBLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.95% | 12.09% | +16.86% |
Volatility (6M)Calculated over the trailing 6-month period | 95.76% | 41.56% | +54.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 136.54% | 55.74% | +80.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 142.15% | 64.31% | +77.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 142.15% | 64.31% | +77.84% |
ETHT vs. IBLC - Expense Ratio Comparison
ETHT has a 0.94% expense ratio, which is higher than IBLC's 0.47% expense ratio.
Dividends
ETHT vs. IBLC - Dividend Comparison
ETHT's dividend yield for the trailing twelve months is around 17.31%, more than IBLC's 6.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ETHT ProShares Ultra Ether ETF | 17.31% | 4.57% | 0.02% | 0.00% | 0.00% |
IBLC iShares Blockchain and Tech ETF | 6.00% | 6.31% | 1.60% | 1.79% | 0.84% |
Frequently Asked Questions
ETHT and IBLC have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHT has higher volatility (28.95%) compared to IBLC (12.09%). In terms of maximum drawdown, ETHT dropped -96.25% vs IBLC's -62.54%.
On 1-year performance, IBLC leads with 4.27% vs -84.63% for ETHT. On fees, IBLC is cheaper at 0.47% per year. On volatility, IBLC has been the lower-risk option at 12.09%. 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 4.27% return vs -84.63%. 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 0.94% for ETHT.
ETHT has the higher dividend yield at 17.31%, compared with 6.00% for IBLC.
ETHT tracks Bloomberg Ethereum Index (200%), while IBLC tracks ICE FactSet Global Blockchain Technologies Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.94% for ETHT and 0.47% for IBLC.
IBLC currently has the higher Sharpe Ratio (0.08 vs -0.63), 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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