IBLC vs. BPAY
IBLC (iShares Blockchain and Tech ETF) and BPAY (BlackRock Future Financial and Technology ETF) are both exchange-traded funds - IBLC is a Cryptocurrency fund tracking the ICE FactSet Global Blockchain Technologies Index, while BPAY is a Financials Equities fund actively managed by BlackRock. IBLC is passively managed, while BPAY is actively managed. Over the past 3 years, IBLC returned 26.36%/yr vs 10.10%/yr for BPAY. A 0.63 correlation means they provide meaningful diversification when combined. IBLC charges 0.47%/yr vs 0.70%/yr for BPAY.
Performance
IBLC vs. BPAY - Performance Comparison
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Returns By Period
In the year-to-date period, IBLC achieves a 8.78% return, which is significantly higher than BPAY's -2.19% return.
IBLC
- 1D
- -3.55%
- 1M
- -13.91%
- 6M
- -4.85%
- YTD
- 8.78%
- 1Y
- 13.40%
- 3Y*
- 26.36%
- 5Y*
- —
- 10Y*
- —
BPAY
- 1D
- -1.19%
- 1M
- 10.36%
- 6M
- -5.00%
- YTD
- -2.19%
- 1Y
- -11.61%
- 3Y*
- 10.10%
- 5Y*
- —
- 10Y*
- —
IBLC vs. BPAY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBLC iShares Blockchain and Tech ETF | 8.78% | 27.05% | 18.58% | 201.47% | -51.32% |
BPAY BlackRock Future Financial and Technology ETF | -2.19% | 8.54% | 17.28% | 13.19% | -16.32% |
Correlation
The correlation between IBLC and BPAY is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2022 | 0.63 |
The correlation between IBLC and BPAY has been stable across timeframes, ranging from 0.62 to 0.64 - a consistent structural relationship.
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Return for Risk
IBLC vs. BPAY — Risk / Return Rank
IBLC
BPAY
IBLC vs. BPAY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Blockchain and Tech ETF (IBLC) and BlackRock Future Financial and Technology ETF (BPAY). 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 | BPAY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.95 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | -0.35 | +0.65 |
| Martin ratioReturn relative to average drawdown | 0.57 | -0.63 | +1.20 |
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Drawdowns
IBLC vs. BPAY - Drawdown Comparison
The maximum IBLC drawdown since its inception was -62.54%, which is greater than BPAY's maximum drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for IBLC and BPAY.
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Drawdown Indicators
| IBLC | BPAY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.54% | -33.62% | -28.92% |
Max Drawdown (1Y)Largest decline over 1 year | -44.94% | -33.62% | -11.32% |
Max Drawdown (3Y)Largest decline over 3 years | -51.68% | -33.62% | -18.06% |
Current DrawdownCurrent decline from peak | -28.48% | -17.37% | -11.11% |
Average DrawdownAverage peak-to-trough decline | -25.74% | -10.83% | -14.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.54% | 18.39% | +5.15% |
Volatility
IBLC vs. BPAY - Volatility Comparison
iShares Blockchain and Tech ETF (IBLC) has a higher volatility of 14.26% compared to BlackRock Future Financial and Technology ETF (BPAY) at 7.54%. This indicates that IBLC's price experiences larger fluctuations and is considered to be riskier than BPAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBLC | BPAY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.26% | 7.54% | +6.72% |
Volatility (6M)Calculated over the trailing 6-month period | 41.30% | 20.21% | +21.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.60% | 26.17% | +29.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.34% | 24.51% | +39.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.34% | 24.51% | +39.83% |
IBLC vs. BPAY - Expense Ratio Comparison
IBLC has a 0.47% expense ratio, which is lower than BPAY's 0.70% expense ratio.
Dividends
IBLC vs. BPAY - Dividend Comparison
IBLC's dividend yield for the trailing twelve months is around 5.75%, less than BPAY's 6.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BPAY BlackRock Future Financial and Technology ETF | 6.93% | 6.49% | 0.48% | 1.18% | 0.18% |
IBLC iShares Blockchain and Tech ETF | 5.75% | 6.31% | 1.60% | 1.79% | 0.84% |
Frequently Asked Questions
IBLC and BPAY have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBLC has higher volatility (14.26%) compared to BPAY (7.54%). In terms of maximum drawdown, IBLC dropped -62.54% vs BPAY's -33.62%.
On 3-year performance, IBLC leads with 26.36% vs 10.10% for BPAY. On fees, IBLC is cheaper at 0.47% per year. On volatility, BPAY has been the lower-risk option at 7.54%. 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 26.36% return vs 10.10%. 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 0.70% for BPAY.
BPAY has the higher dividend yield at 6.93%, compared with 5.75% for IBLC.
IBLC is categorized as Cryptocurrency, while BPAY is Financials Equities. They also come from different issuers: iShares and BlackRock. Their fees differ too: 0.47% for IBLC and 0.70% for BPAY.
IBLC currently has the higher Sharpe Ratio (0.24 vs -0.45), 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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