GLNK vs. IBLC
GLNK (Grayscale Chainlink Trust ETF) and IBLC (iShares Blockchain and Tech ETF) are both Cryptocurrency funds - GLNK tracks the Chainlink (LINK) while IBLC tracks the ICE FactSet Global Blockchain Technologies Index. Both are passively managed. Over the past 3 years, GLNK returned -18.59%/yr vs 31.73%/yr for IBLC. Their 0.29 correlation means their historical movements had little consistent relationship. GLNK charges 2.50%/yr vs 0.47%/yr for IBLC.
Performance
GLNK vs. IBLC - Performance Comparison
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Returns By Period
In the year-to-date period, GLNK achieves a -33.13% return, which is significantly lower than IBLC's 9.36% return.
GLNK
- 1D
- 0.76%
- 1M
- 5.89%
- 6M
- -15.88%
- YTD
- -33.13%
- 1Y
- -73.43%
- 3Y*
- -18.59%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.20%
IBLC
- 1D
- 3.18%
- 1M
- -1.29%
- 6M
- 6.14%
- YTD
- 9.36%
- 1Y
- 21.34%
- 3Y*
- 31.73%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.64M | $1.96M | $1.98M | |
| $393.74K | $481.90K | $784.75K |
GLNK vs. IBLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GLNK Grayscale Chainlink Trust ETF | -33.13% | -87.10% | 38.45% | 840.06% | -18.87% |
IBLC iShares Blockchain and Tech ETF | 9.36% | 27.05% | 18.58% | 201.47% | -41.94% |
Correlation
The correlation between GLNK and IBLC is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 19, 2022 | 0.29 |
Over the past year, GLNK and IBLC have become more correlated (0.52) than their long-term average of 0.29, meaning their price movements have been converging.
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Return for Risk
GLNK vs. IBLC — Risk / Return Rank
GLNK
IBLC
GLNK vs. IBLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Chainlink Trust ETF (GLNK) 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.
| GLNK | IBLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.10 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 0.48 | -1.30 |
| Martin ratioReturn relative to average drawdown | -0.98 | 0.87 | -1.85 |
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Drawdowns
GLNK vs. IBLC - Drawdown Comparison
The maximum GLNK 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 GLNK and IBLC.
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Drawdown Indicators
| GLNK | IBLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.25% | -62.54% | -33.71% |
Max Drawdown (1Y)Largest decline over 1 year | -89.50% | -44.94% | -44.56% |
Max Drawdown (3Y)Largest decline over 3 years | -96.25% | -51.68% | -44.57% |
Current DrawdownCurrent decline from peak | -95.70% | -28.10% | -67.60% |
Average DrawdownAverage peak-to-trough decline | -57.23% | -25.79% | -31.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 75.29% | 24.49% | +50.80% |
Volatility
GLNK vs. IBLC - Volatility Comparison
The current volatility for Grayscale Chainlink Trust ETF (GLNK) is 12.05%, while iShares Blockchain and Tech ETF (IBLC) has a volatility of 19.77%. This indicates that GLNK 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
| GLNK | IBLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.05% | 19.77% | -7.72% |
Volatility (6M)Calculated over the trailing 6-month period | 45.60% | 43.21% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 99.63% | 57.54% | +42.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 161.90% | 64.47% | +97.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 161.90% | 64.47% | +97.43% |
GLNK vs. IBLC - Expense Ratio Comparison
GLNK has a 2.50% expense ratio, which is higher than IBLC's 0.47% expense ratio.
Dividends
GLNK vs. IBLC - Dividend Comparison
GLNK has not paid dividends to shareholders, while IBLC's dividend yield for the trailing twelve months is around 5.72%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GLNK Grayscale Chainlink Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBLC iShares Blockchain and Tech ETF | 5.72% | 6.31% | 1.60% | 1.79% | 0.84% |
Frequently Asked Questions
GLNK and IBLC have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBLC has higher volatility (19.77%) compared to GLNK (12.05%). In terms of maximum drawdown, GLNK dropped -96.25% vs IBLC's -62.54%.
On 3-year performance, IBLC leads with 31.73% vs -18.59% for GLNK. On fees, IBLC is cheaper at 0.47% per year. On volatility, GLNK has been the lower-risk option at 12.05%. 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 31.73% return vs -18.59%. 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 GLNK.
IBLC has the higher dividend yield at 5.72%, compared with 0.00% for GLNK.
GLNK tracks Chainlink (LINK), 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 GLNK and 0.47% for IBLC.
IBLC currently has the higher Sharpe Ratio (0.37 vs -0.74), 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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