IBLC vs. BTRN
IBLC (iShares Blockchain and Tech ETF) and BTRN (Global X Bitcoin Trend Strategy ETF) are both Cryptocurrency funds - IBLC tracks the ICE FactSet Global Blockchain Technologies Index while BTRN tracks the CoinDesk Bitcoin Trend Indicator Futures Index. Both are passively managed. Over the past year, IBLC returned 17.60% vs -21.78% for BTRN. Their 0.55 correlation means they have sometimes moved together and sometimes differently. IBLC charges 0.47%/yr vs 0.95%/yr for BTRN.
Performance
IBLC vs. BTRN - Performance Comparison
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Returns By Period
In the year-to-date period, IBLC achieves a 5.99% return, which is significantly higher than BTRN's -10.78% 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%
BTRN
- 1D
- -0.73%
- 1M
- -0.26%
- 6M
- -9.90%
- YTD
- -10.78%
- 1Y
- -21.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.88K | $3.75K | $40.99K | |
| $395.00K | $481.87K | $794.27K |
IBLC vs. BTRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBLC iShares Blockchain and Tech ETF | 5.99% | 27.05% | 13.19% |
BTRN Global X Bitcoin Trend Strategy ETF | -10.78% | 4.89% | 3.25% |
Correlation
The correlation between IBLC and BTRN is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2024 | 0.55 |
The correlation between IBLC and BTRN has been stable across timeframes, ranging from 0.46 to 0.55 - a consistent structural relationship.
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Return for Risk
IBLC vs. BTRN — Risk / Return Rank
IBLC
BTRN
IBLC vs. BTRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Blockchain and Tech ETF (IBLC) and Global X Bitcoin Trend Strategy ETF (BTRN). 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 | BTRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.60 | ||
| Sortino ratioReturn per unit of downside risk | +2.59 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.73 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | -0.95 | +1.14 |
| Martin ratioReturn relative to average drawdown | 0.36 | -1.43 | +1.79 |
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Drawdowns
IBLC vs. BTRN - Drawdown Comparison
The maximum IBLC drawdown since its inception was -62.54%, which is greater than BTRN's maximum drawdown of -36.97%. Use the drawdown chart below to compare losses from any high point for IBLC and BTRN.
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Drawdown Indicators
| IBLC | BTRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.54% | -36.97% | -25.57% |
Max Drawdown (1Y)Largest decline over 1 year | -44.94% | -25.73% | -19.21% |
Max Drawdown (3Y)Largest decline over 3 years | -51.68% | — | — |
Current DrawdownCurrent decline from peak | -30.32% | -26.52% | -3.80% |
Average DrawdownAverage peak-to-trough decline | -25.78% | -15.16% | -10.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.44% | 17.05% | +7.39% |
Volatility
IBLC vs. BTRN - Volatility Comparison
iShares Blockchain and Tech ETF (IBLC) has a higher volatility of 19.77% compared to Global X Bitcoin Trend Strategy ETF (BTRN) at 2.65%. This indicates that IBLC's price experiences larger fluctuations and is considered to be riskier than BTRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBLC | BTRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.77% | 2.65% | +17.12% |
Volatility (6M)Calculated over the trailing 6-month period | 43.51% | 9.74% | +33.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.85% | 16.91% | +40.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.48% | 29.96% | +34.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.48% | 29.96% | +34.52% |
IBLC vs. BTRN - Expense Ratio Comparison
IBLC has a 0.47% expense ratio, which is lower than BTRN's 0.95% expense ratio.
Dividends
IBLC vs. BTRN - Dividend Comparison
IBLC's dividend yield for the trailing twelve months is around 5.91%, less than BTRN's 31.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BTRN Global X Bitcoin Trend Strategy ETF | 31.46% | 27.76% | 2.56% | 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 BTRN have a correlation of 0.46, 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 BTRN (2.65%). In terms of maximum drawdown, IBLC dropped -62.54% vs BTRN's -36.97%.
On 1-year performance, IBLC leads with 17.60% vs -21.78% for BTRN. On fees, IBLC is cheaper at 0.47% per year. On volatility, BTRN has been the lower-risk option at 2.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBLC has performed better with a 17.60% return vs -21.78%. 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 BTRN.
BTRN has the higher dividend yield at 31.46%, compared with 5.91% for IBLC.
IBLC tracks ICE FactSet Global Blockchain Technologies Index, while BTRN tracks CoinDesk Bitcoin Trend Indicator Futures Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.47% for IBLC and 0.95% for BTRN.
IBLC currently has the higher Sharpe Ratio (0.15 vs -1.44), 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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