GLNK vs. IBLC
Compare and contrast key facts about Grayscale Chainlink Trust ETF (GLNK) and iShares Blockchain and Tech ETF (IBLC).
GLNK and IBLC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLNK is a passively managed fund by Grayscale that tracks the performance of the Chainlink (LINK). It was launched on Feb 26, 2021. IBLC is a passively managed fund by iShares that tracks the performance of the ICE FactSet Global Blockchain Technologies Index. It was launched on Apr 25, 2022. Both GLNK and IBLC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GLNK vs. IBLC - Performance Comparison
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GLNK vs. IBLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GLNK Grayscale Chainlink Trust ETF | -26.38% | -87.10% | 38.45% | 840.06% | -17.85% |
IBLC iShares Blockchain and Tech ETF | -10.34% | 27.05% | 18.58% | 201.47% | -43.72% |
Returns By Period
In the year-to-date period, GLNK achieves a -26.38% return, which is significantly lower than IBLC's -10.34% return.
GLNK
- 1D
- 3.22%
- 1M
- -0.12%
- YTD
- -26.38%
- 6M
- -70.84%
- 1Y
- -73.49%
- 3Y*
- -7.70%
- 5Y*
- —
- 10Y*
- —
IBLC
- 1D
- 0.52%
- 1M
- -5.66%
- YTD
- -10.34%
- 6M
- -33.55%
- 1Y
- 46.54%
- 3Y*
- 35.92%
- 5Y*
- —
- 10Y*
- —
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GLNK vs. IBLC - Expense Ratio Comparison
GLNK has a 2.50% expense ratio, which is higher than IBLC's 0.47% expense ratio.
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.
| GLNK | IBLC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.55 | 0.81 | -1.35 |
Sortino ratioReturn per unit of downside risk | -0.48 | 1.44 | -1.91 |
Omega ratioGain probability vs. loss probability | 0.95 | 1.17 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | -0.82 | 1.14 | -1.96 |
Martin ratioReturn relative to average drawdown | -1.19 | 2.50 | -3.69 |
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
| GLNK | IBLC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.55 | 0.81 | -1.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.23 | -0.23 |
Correlation
The correlation between GLNK and IBLC is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
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 7.04%.
| 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 | 7.04% | 6.31% | 1.60% | 1.79% | 0.84% |
Drawdowns
GLNK vs. IBLC - Drawdown Comparison
The maximum GLNK drawdown since its inception was -95.82%, 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 | -95.82% | -62.54% | -33.28% |
Max Drawdown (1Y)Largest decline over 1 year | -88.29% | -44.94% | -43.35% |
Current DrawdownCurrent decline from peak | -95.27% | -41.05% | -54.22% |
Average DrawdownAverage peak-to-trough decline | -53.92% | -26.03% | -27.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 61.11% | 20.48% | +40.63% |
Volatility
GLNK vs. IBLC - Volatility Comparison
Grayscale Chainlink Trust ETF (GLNK) has a higher volatility of 17.91% compared to iShares Blockchain and Tech ETF (IBLC) at 16.43%. This indicates that GLNK'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
| GLNK | IBLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.91% | 16.43% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 72.33% | 44.22% | +28.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 134.57% | 58.13% | +76.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 168.26% | 65.09% | +103.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 168.26% | 65.09% | +103.17% |