IBLC vs. BFOC

Last updated Jun 4, 2026

IBLC (iShares Blockchain and Tech ETF) and BFOC (FT Vest Bitcoin Strategy Floor15 ETF - October) are both exchange-traded funds - IBLC is a Cryptocurrency fund tracking the ICE FactSet Global Blockchain Technologies Index, while BFOC is a Defined Outcome fund actively managed by First Trust. IBLC is passively managed, while BFOC is actively managed. A 0.72 correlation means they provide meaningful diversification when combined. IBLC charges 0.47%/yr vs 0.90%/yr for BFOC.

Performance

IBLC vs. BFOC - 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 - October (BFOC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBLC achieves a 32.34% return, which is significantly higher than BFOC's -7.17% return.

IBLC

• 1D: -3.00%
• 1M: 13.52%
• YTD: 32.34%
• 6M: 15.25%
• 1Y: 73.27%
• 3Y*: 48.31%
• 5Y*: —
• 10Y*: —

BFOC

• 1D: -0.12%
• 1M: -2.23%
• YTD: -7.17%
• 6M: -8.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBLC vs. BFOC - Yearly Performance Comparison

	2026 (YTD)	2025
IBLC iShares Blockchain and Tech ETF	32.34%	-22.20%
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	-7.17%	-9.76%

Correlation

The correlation between IBLC and BFOC is 0.72, 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 Oct 2, 2025	0.72

Return for Risk

IBLC vs. BFOC — Risk / Return Rank

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

IBLC

IBLC Risk / Return Rank: 33
IBLC Sharpe Ratio Rank: 37
IBLC Sortino Ratio Rank: 36
IBLC Omega Ratio Rank: 33
IBLC Calmar Ratio Rank: 33
IBLC Martin Ratio Rank: 24

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. BFOC - 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 - October (BFOC). 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.

	IBLC	BFOC	Difference
Sharpe ratio Return per unit of total volatility	1.34	—	—
Sortino ratio Return per unit of downside risk	1.92	—	—
Omega ratio Gain probability vs. loss probability	1.23	—	—
Calmar ratio Return relative to maximum drawdown	1.64	—	—
Martin ratio Return relative to average drawdown	3.26	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IBLC	BFOC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	-1.86	+2.26

Drawdowns

IBLC vs. BFOC - Drawdown Comparison

The maximum IBLC drawdown since its inception was -62.54%, which is greater than BFOC's maximum drawdown of -18.01%. Use the drawdown chart below to compare losses from any high point for IBLC and BFOC.

Drawdown Indicators

	IBLC	BFOC	Difference
Max Drawdown Largest peak-to-trough decline	-62.54%	-18.01%	-44.53%
Max Drawdown (1Y) Largest decline over 1 year	-44.94%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-51.68%	—	—
Current Drawdown Current decline from peak	-12.99%	-18.01%	+5.02%
Average Drawdown Average peak-to-trough decline	-25.89%	-12.48%	-13.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.56%	—	—

Volatility

Volatility by Period

	IBLC	BFOC	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	40.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	54.94%	12.64%	+42.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.49%	12.64%	+51.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.49%	12.64%	+51.85%

IBLC vs. BFOC - Expense Ratio Comparison

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

Dividends

IBLC vs. BFOC - Dividend Comparison

IBLC's dividend yield for the trailing twelve months is around 4.77%, while BFOC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	0.00%	0.00%	0.00%	0.00%	0.00%
IBLC iShares Blockchain and Tech ETF	4.77%	6.31%	1.60%	1.79%	0.84%

Frequently Asked Questions

Can I hold both IBLC and BFOC in my portfolio?

IBLC and BFOC have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBLC or BFOC?

On fees, IBLC is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBLC or BFOC?

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

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

IBLC has the higher dividend yield at 4.77%, compared with 0.00% for BFOC.

What is the main difference between IBLC and BFOC?

IBLC is categorized as Cryptocurrency, while BFOC 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 BFOC.