IBLC vs. BFJL

Last updated Jul 14, 2026

IBLC (iShares Blockchain and Tech ETF) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - IBLC is a Cryptocurrency fund tracking the ICE FactSet Global Blockchain Technologies Index, while BFJL is a Defined Outcome fund managed by First Trust. Over the past year, IBLC returned 13.40% vs -16.83% for BFJL. A 0.60 correlation means they provide meaningful diversification when combined. IBLC charges 0.47%/yr vs 0.90%/yr for BFJL.

Performance

IBLC vs. BFJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Blockchain and Tech ETF (IBLC) and FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBLC achieves a 8.78% return, which is significantly higher than BFJL's -5.93% return.

IBLC

• 1D: -3.55%
• 1M: -13.91%
• 6M: -4.85%
• YTD: 8.78%
• 1Y: 13.40%
• 3Y*: 26.36%
• 5Y*: —
• 10Y*: —

BFJL

• 1D: -1.13%
• 1M: 1.85%
• 6M: -7.31%
• YTD: -5.93%
• 1Y: -16.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBLC vs. BFJL - Yearly Performance Comparison

	2026 (YTD)	2025
IBLC iShares Blockchain and Tech ETF	8.78%	10.55%
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	-5.93%	-7.43%

Correlation

The correlation between IBLC and BFJL is 0.61, 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	0.61
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	0.61

The correlation between IBLC and BFJL has been stable across timeframes, ranging from 0.60 to 0.61 - a consistent structural relationship.

Return for Risk

IBLC vs. BFJL — Risk / Return Rank

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

IBLC

IBLC Risk / Return Rank: 14
IBLC Sharpe Ratio Rank: 13
IBLC Sortino Ratio Rank: 17
IBLC Omega Ratio Rank: 16
IBLC Calmar Ratio Rank: 13
IBLC Martin Ratio Rank: 13

BFJL

BFJL Risk / Return Rank: 2
BFJL Sharpe Ratio Rank: 0
BFJL Sortino Ratio Rank: 1
BFJL Omega Ratio Rank: 1
BFJL Calmar Ratio Rank: 3
BFJL Martin Ratio Rank: 4

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.

IBLC vs. BFJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Blockchain and Tech ETF (IBLC) and FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL). 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.

	IBLC	BFJL	Difference
Sharpe ratio: Return per unit of total volatility	0.24	-1.28	+1.53
Sortino ratio: Return per unit of downside risk	0.73	-1.73	+2.46
Omega ratio: Gain probability vs. loss probability	1.08	0.79	+0.29
Calmar ratio: Return relative to maximum drawdown	0.30	-0.79	+1.09
Martin ratio: Return relative to average drawdown	0.57	-1.11	+1.68

IBLC vs. BFJL - Sharpe Ratio Comparison

The current IBLC Sharpe Ratio is 0.24, which is higher than the BFJL Sharpe Ratio of -1.28. The chart below compares the historical Sharpe Ratios of IBLC and BFJL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IBLC vs. BFJL - Drawdown Comparison

The maximum IBLC drawdown since its inception was -62.54%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for IBLC and BFJL.

Drawdown Indicators

	IBLC	BFJL	Difference
Max Drawdown Largest peak-to-trough decline	-62.54%	-21.27%	-41.27%
Max Drawdown (1Y) Largest decline over 1 year	-44.94%	-21.27%	-23.67%
Max Drawdown (3Y) Largest decline over 3 years	-51.68%	—	—
Current Drawdown Current decline from peak	-28.48%	-19.71%	-8.77%
Average Drawdown Average peak-to-trough decline	-25.74%	-12.61%	-13.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.54%	15.15%	+8.39%

Volatility

IBLC vs. BFJL - Volatility Comparison

iShares Blockchain and Tech ETF (IBLC) has a higher volatility of 14.26% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 2.36%. This indicates that IBLC's price experiences larger fluctuations and is considered to be riskier than BFJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBLC	BFJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.26%	2.36%	+11.90%
Volatility (6M) Calculated over the trailing 6-month period	41.30%	6.78%	+34.52%
Volatility (1Y) Calculated over the trailing 1-year period	55.60%	13.18%	+42.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.34%	13.24%	+51.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.34%	13.24%	+51.10%

IBLC vs. BFJL - Expense Ratio Comparison

IBLC has a 0.47% expense ratio, which is lower than BFJL's 0.90% expense ratio.

Dividends

IBLC vs. BFJL - Dividend Comparison

IBLC's dividend yield for the trailing twelve months is around 5.75%, more than BFJL's 1.43% yield.

Position	TTM	2025	2024	2023	2022
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	1.43%	1.35%	0.00%	0.00%	0.00%
IBLC iShares Blockchain and Tech ETF	5.75%	6.31%	1.60%	1.79%	0.84%

Frequently Asked Questions

Can I hold both IBLC and BFJL in my portfolio?

IBLC and BFJL have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBLC or BFJL?

IBLC has higher volatility (14.26%) compared to BFJL (2.36%). In terms of maximum drawdown, IBLC dropped -62.54% vs BFJL's -21.27%.

Which ETF is better, IBLC or BFJL?

On 1-year performance, IBLC leads with 13.40% vs -16.83% for BFJL. On fees, IBLC is cheaper at 0.47% per year. On volatility, BFJL has been the lower-risk option at 2.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBLC or BFJL?

Over the 1-year period, IBLC has performed better with a 13.40% return vs -16.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBLC or BFJL?

IBLC is cheaper with a 0.47% expense ratio, compared with 0.90% for BFJL.

Which ETF pays a higher dividend yield, IBLC or BFJL?

IBLC has the higher dividend yield at 5.75%, compared with 1.43% for BFJL.

What is the main difference between IBLC and BFJL?

IBLC is categorized as Cryptocurrency, while BFJL is Defined Outcome. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.47% for IBLC and 0.90% for BFJL.

Which has better risk-adjusted returns?

IBLC currently has the higher Sharpe Ratio (0.24 vs -1.28), 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.