IBLC vs. CBOO
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. At a 0.47 correlation, their price movements are largely independent. IBLC charges 0.47%/yr vs 0.69%/yr for CBOO.
Performance
IBLC vs. CBOO - 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 CBOO's 0.22% return.
IBLC
- 1D
- -3.55%
- 1M
- -13.91%
- 6M
- -4.85%
- YTD
- 8.78%
- 1Y
- 13.40%
- 3Y*
- 26.36%
- 5Y*
- —
- 10Y*
- —
CBOO
- 1D
- 0.06%
- 1M
- 0.20%
- 6M
- -0.06%
- YTD
- 0.22%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBLC vs. CBOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBLC iShares Blockchain and Tech ETF | 8.78% | -30.93% |
CBOO Calamos Bitcoin Structured Alt Protection ETF - October | 0.22% | -1.66% |
Correlation
The correlation between IBLC and CBOO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 7, 2025 | 0.47 |
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Return for Risk
IBLC vs. CBOO — Risk / Return Rank
IBLC
CBOO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.08 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | — | — |
| Martin ratioReturn relative to average drawdown | 0.57 | — | — |
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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.
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Drawdown Indicators
| IBLC | CBOO | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -28.48% | -1.46% | -27.02% |
Average DrawdownAverage peak-to-trough decline | -25.74% | -1.60% | -24.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.54% | — | — |
Volatility
IBLC vs. CBOO - Volatility Comparison
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Volatility by Period
| IBLC | CBOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.26% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 41.30% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 55.60% | 2.01% | +53.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.34% | 2.01% | +62.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.34% | 2.01% | +62.33% |
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 5.75%, 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 | 5.75% | 6.31% | 1.60% | 1.79% | 0.84% |
Frequently Asked Questions
IBLC and CBOO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
IBLC is cheaper with a 0.47% expense ratio, compared with 0.69% for CBOO.
IBLC has the higher dividend yield at 5.75%, compared with 0.57% for 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.
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