IBLC vs. BTC-USD
IBLC (iShares Blockchain and Tech ETF) is Cryptocurrency fund tracking the ICE FactSet Global Blockchain Technologies Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 3 years, IBLC returned 26.36%/yr vs 27.25%/yr for BTC-USD. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
IBLC vs. BTC-USD - 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 BTC-USD's -28.58% return.
IBLC
- 1D
- -3.55%
- 1M
- -13.91%
- 6M
- -4.85%
- YTD
- 8.78%
- 1Y
- 13.40%
- 3Y*
- 26.36%
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -1.96%
- 1M
- -3.01%
- 6M
- -31.47%
- YTD
- -28.58%
- 1Y
- -47.54%
- 3Y*
- 27.25%
- 5Y*
- 13.75%
- 10Y*
- 57.45%
IBLC vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBLC iShares Blockchain and Tech ETF | 8.78% | 27.05% | 18.58% | 201.47% | -58.93% |
BTC-USD Bitcoin | -28.58% | -6.27% | 120.76% | 155.82% | -56.63% |
Correlation
The correlation between IBLC and BTC-USD 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 (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022 | 0.52 |
The correlation between IBLC and BTC-USD has been stable across timeframes, ranging from 0.50 to 0.52 - a consistent structural relationship.
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Return for Risk
IBLC vs. BTC-USD — Risk / Return Rank
IBLC
BTC-USD
IBLC vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Blockchain and Tech ETF (IBLC) and Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.83 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | -0.90 | +1.20 |
| Martin ratioReturn relative to average drawdown | 0.57 | -1.46 | +2.03 |
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Drawdowns
IBLC vs. BTC-USD - Drawdown Comparison
The maximum IBLC drawdown since its inception was -62.54%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for IBLC and BTC-USD.
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Drawdown Indicators
| IBLC | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.54% | -85.30% | +22.76% |
Max Drawdown (1Y)Largest decline over 1 year | -44.94% | -53.08% | +8.14% |
Max Drawdown (3Y)Largest decline over 3 years | -51.68% | -53.08% | +1.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -28.48% | -49.89% | +21.41% |
Average DrawdownAverage peak-to-trough decline | -25.74% | -42.55% | +16.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.54% | 28.99% | -5.45% |
Volatility
IBLC vs. BTC-USD - Volatility Comparison
iShares Blockchain and Tech ETF (IBLC) has a higher volatility of 14.26% compared to Bitcoin (BTC-USD) at 8.86%. This indicates that IBLC's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBLC | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.26% | 8.86% | +5.40% |
Volatility (6M)Calculated over the trailing 6-month period | 41.30% | 34.96% | +6.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.60% | 35.56% | +20.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.34% | 43.94% | +20.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.34% | 56.32% | +8.02% |
Frequently Asked Questions
IBLC and BTC-USD 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.
IBLC has higher volatility (14.26%) compared to BTC-USD (8.86%). In terms of maximum drawdown, IBLC dropped -62.54% vs BTC-USD's -85.30%.
IBLC currently has the higher Sharpe Ratio (0.24 vs -1.11), 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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