IBLC vs. BTCZ
IBLC (iShares Blockchain and Tech ETF) and BTCZ (T-Rex 2X Inverse Bitcoin Daily Target ETF) are both Cryptocurrency funds. IBLC is passively managed, while BTCZ is actively managed. Over the past year, IBLC returned 17.60% vs 86.21% for BTCZ. Their -0.71 correlation means they have often moved in opposite directions in the past. IBLC charges 0.47%/yr vs 0.95%/yr for BTCZ.
Performance
IBLC vs. BTCZ - Performance Comparison
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Returns By Period
In the year-to-date period, IBLC achieves a 5.99% return, which is significantly lower than BTCZ's 34.44% return.
IBLC
- 1D
- -2.87%
- 1M
- -4.33%
- 6M
- 0.61%
- YTD
- 5.99%
- 1Y
- 17.60%
- 3Y*
- 26.70%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.35%
BTCZ
- 1D
- 5.99%
- 1M
- -6.29%
- 6M
- 28.34%
- YTD
- 34.44%
- 1Y
- 86.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -51.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $105.31M | $113.00M | $118.94M | |
| $395.00K | $481.87K | $794.27K |
IBLC vs. BTCZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBLC iShares Blockchain and Tech ETF | 5.99% | 27.05% | 6.97% |
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF | 34.44% | -29.11% | -76.45% |
Correlation
The correlation between IBLC and BTCZ is -0.70, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.70 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024 | -0.71 |
The correlation between IBLC and BTCZ has been stable across timeframes, ranging from -0.71 to -0.70 - a consistent structural relationship.
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Return for Risk
IBLC vs. BTCZ — Risk / Return Rank
IBLC
BTCZ
IBLC vs. BTCZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Blockchain and Tech ETF (IBLC) and T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ). 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 | BTCZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.22 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | 2.01 | -1.81 |
| Martin ratioReturn relative to average drawdown | 0.36 | 4.36 | -4.00 |
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Drawdowns
IBLC vs. BTCZ - Drawdown Comparison
The maximum IBLC drawdown since its inception was -62.54%, smaller than the maximum BTCZ drawdown of -91.06%. Use the drawdown chart below to compare losses from any high point for IBLC and BTCZ.
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Drawdown Indicators
| IBLC | BTCZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.54% | -91.06% | +28.52% |
Max Drawdown (1Y)Largest decline over 1 year | -44.94% | -49.02% | +4.08% |
Max Drawdown (3Y)Largest decline over 3 years | -51.68% | — | — |
Current DrawdownCurrent decline from peak | -30.32% | -78.32% | +48.00% |
Average DrawdownAverage peak-to-trough decline | -25.78% | -73.91% | +48.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.44% | 22.54% | +1.90% |
Volatility
IBLC vs. BTCZ - Volatility Comparison
iShares Blockchain and Tech ETF (IBLC) has a higher volatility of 19.77% compared to T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ) at 18.19%. This indicates that IBLC's price experiences larger fluctuations and is considered to be riskier than BTCZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBLC | BTCZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.77% | 18.19% | +1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 43.51% | 67.20% | -23.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.85% | 89.06% | -31.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.48% | 95.65% | -31.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.48% | 95.65% | -31.17% |
IBLC vs. BTCZ - Expense Ratio Comparison
IBLC has a 0.47% expense ratio, which is lower than BTCZ's 0.95% expense ratio.
Dividends
IBLC vs. BTCZ - Dividend Comparison
IBLC's dividend yield for the trailing twelve months is around 5.91%, more than BTCZ's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF | 0.01% | 0.02% | 0.08% | 0.00% | 0.00% |
IBLC iShares Blockchain and Tech ETF | 5.91% | 6.31% | 1.60% | 1.79% | 0.84% |
Frequently Asked Questions
IBLC and BTCZ have a correlation of -0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBLC has higher volatility (19.77%) compared to BTCZ (18.19%). In terms of maximum drawdown, IBLC dropped -62.54% vs BTCZ's -91.06%.
On 1-year performance, BTCZ leads with 86.21% vs 17.60% for IBLC. On fees, IBLC is cheaper at 0.47% per year. On volatility, BTCZ has been the lower-risk option at 18.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BTCZ has performed better with a 86.21% return vs 17.60%. 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 0.95% for BTCZ.
IBLC has the higher dividend yield at 5.91%, compared with 0.01% for BTCZ.
They also come from different issuers: iShares and T-Rex. Their fees differ too: 0.47% for IBLC and 0.95% for BTCZ.
BTCZ currently has the higher Sharpe Ratio (1.11 vs 0.15), 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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