HYPG vs. BLCN
HYPG (Grayscale Hyperliquid Staking ETF) and BLCN (Siren ETF Trust Siren Nasdaq NexGen Economy ETF) are both exchange-traded funds - HYPG is a Blockchain fund actively managed by Grayscale, while BLCN is a Large Cap Blend Equities fund tracking the Siren NASDAQ Blockchain Economy Index. HYPG is actively managed, while BLCN is passively managed. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
HYPG vs. BLCN - Performance Comparison
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Returns By Period
HYPG
- 1D
- 3.12%
- 1M
- -9.11%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BLCN
- 1D
- 0.00%
- 1M
- -9.09%
- 6M
- -3.53%
- YTD
- 1.35%
- 1Y
- -2.02%
- 3Y*
- 2.06%
- 5Y*
- -10.83%
- 10Y*
- —
- ALL TIME*
- 1.13%
HYPG vs. BLCN - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
HYPG Grayscale Hyperliquid Staking ETF | -15.38% |
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF | -10.03% |
Correlation
The correlation between HYPG and BLCN is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 3, 2026 | 0.51 |
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Return for Risk
HYPG vs. BLCN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Hyperliquid Staking ETF (HYPG) and Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN). 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.
| HYPG | BLCN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.04 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.03 | — |
| Martin ratioReturn relative to average drawdown | — | 0.05 | — |
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Drawdowns
HYPG vs. BLCN - Drawdown Comparison
The maximum HYPG drawdown since its inception was -26.56%, smaller than the maximum BLCN drawdown of -67.51%. Use the drawdown chart below to compare losses from any high point for HYPG and BLCN.
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Drawdown Indicators
| HYPG | BLCN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.56% | -67.51% | +40.95% |
Max Drawdown (1Y)Largest decline over 1 year | — | -29.53% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -45.26% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -67.51% | — |
Current DrawdownCurrent decline from peak | -15.44% | -50.81% | +35.37% |
Average DrawdownAverage peak-to-trough decline | -11.57% | -30.52% | +18.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 14.43% | — |
Volatility
HYPG vs. BLCN - Volatility Comparison
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Volatility by Period
| HYPG | BLCN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.60% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 28.35% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 92.61% | 37.43% | +55.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.61% | 35.38% | +57.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.61% | 31.34% | +61.27% |
Dividends
HYPG vs. BLCN - Dividend Comparison
Neither HYPG nor BLCN has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 2.85% | 3.01% | 0.67% | 0.54% | 1.28% | 0.56% | 0.58% | 1.45% | 1.16% |
HYPG Grayscale Hyperliquid Staking ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYPG and BLCN have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BLCN has the higher dividend yield at 2.85%, compared with 0.00% for HYPG.
HYPG is categorized as Blockchain, while BLCN is Large Cap Blend Equities. They also come from different issuers: Grayscale and SRN Advisors.
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