IBLC vs. CBOO

Last updated Jun 24, 2026

IBLC (iShares Blockchain and Tech ETF) and CBOO (Calamos Bitcoin Structured Alt Protection ETF - October) are both exchange-traded funds - IBLC is a Cryptocurrency fund tracking the ICE FactSet Global Blockchain Technologies Index, while CBOO is a Defined Outcome fund actively managed by Calamos. IBLC is passively managed, while CBOO is actively managed. A 0.53 correlation means they provide meaningful diversification when combined. IBLC charges 0.47%/yr vs 0.69%/yr for CBOO.

Performance

IBLC vs. CBOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Blockchain and Tech ETF (IBLC) and Calamos Bitcoin Structured Alt Protection ETF - October (CBOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBLC achieves a 27.22% return, which is significantly higher than CBOO's 0.10% return.

IBLC

• 1D: -2.19%
• 1M: -0.02%
• YTD: 27.22%
• 6M: 19.07%
• 1Y: 63.95%
• 3Y*: 45.22%
• 5Y*: —
• 10Y*: —

CBOO

• 1D: 0.04%
• 1M: 0.16%
• YTD: 0.10%
• 6M: 0.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBLC vs. CBOO - Yearly Performance Comparison

	2026 (YTD)	2025
IBLC iShares Blockchain and Tech ETF	27.22%	-30.93%
CBOO Calamos Bitcoin Structured Alt Protection ETF - October	0.10%	-1.66%

Correlation

The correlation between IBLC and CBOO is 0.53, 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 7, 2025	0.53

Return for Risk

IBLC vs. CBOO — Risk / Return Rank

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

IBLC

IBLC Risk / Return Rank: 30
IBLC Sharpe Ratio Rank: 33
IBLC Sortino Ratio Rank: 34
IBLC Omega Ratio Rank: 32
IBLC Calmar Ratio Rank: 30
IBLC Martin Ratio Rank: 23

CBOO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. CBOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Blockchain and Tech ETF (IBLC) and Calamos Bitcoin Structured Alt Protection ETF - October (CBOO). 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	CBOO	Difference
Sharpe ratio: Return per unit of total volatility	1.15	—	—
Sortino ratio: Return per unit of downside risk	1.73	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.43	—	—
Martin ratio: Return relative to average drawdown	2.80	—	—

Drawdowns

IBLC vs. CBOO - Drawdown Comparison

The maximum IBLC drawdown since its inception was -62.54%, which is greater than CBOO's maximum drawdown of -2.34%. Use the drawdown chart below to compare losses from any high point for IBLC and CBOO.

Drawdown Indicators

	IBLC	CBOO	Difference
Max Drawdown Largest peak-to-trough decline	-62.54%	-2.34%	-60.20%
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	-16.36%	-1.58%	-14.78%
Average Drawdown Average peak-to-trough decline	-25.76%	-1.60%	-24.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.89%	—	—

Volatility

Volatility by Period

	IBLC	CBOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	41.64%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	55.87%	2.07%	+53.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.51%	2.07%	+62.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.51%	2.07%	+62.44%

IBLC vs. CBOO - Expense Ratio Comparison

IBLC has a 0.47% expense ratio, which is lower than CBOO's 0.69% expense ratio.

Dividends

IBLC vs. CBOO - Dividend Comparison

IBLC's dividend yield for the trailing twelve months is around 4.92%, more than CBOO's 0.57% yield.

Position	TTM	2025	2024	2023	2022
CBOO Calamos Bitcoin Structured Alt Protection ETF - October	0.57%	0.57%	0.00%	0.00%	0.00%
IBLC iShares Blockchain and Tech ETF	4.92%	6.31%	1.60%	1.79%	0.84%

Frequently Asked Questions

Can I hold both IBLC and CBOO in my portfolio?

IBLC and CBOO have a correlation of 0.53, 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 CBOO?

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 CBOO?

IBLC is cheaper with a 0.47% expense ratio, compared with 0.69% for CBOO.

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

IBLC has the higher dividend yield at 4.92%, compared with 0.57% for CBOO.

What is the main difference between IBLC and CBOO?

IBLC is categorized as Cryptocurrency, while CBOO is Defined Outcome. They also come from different issuers: iShares and Calamos. Their fees differ too: 0.47% for IBLC and 0.69% for CBOO.