IBLC vs. ETHD
IBLC (iShares Blockchain and Tech ETF) and ETHD (ProShares UltraShort Ether ETF) are both Cryptocurrency funds. IBLC is passively managed, while ETHD is actively managed. Over the past year, IBLC returned 63.95% vs -49.20% for ETHD. At a correlation of -0.68, they often move in opposite directions. IBLC charges 0.47%/yr vs 1.01%/yr for ETHD.
Performance
IBLC vs. ETHD - Performance Comparison
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Returns By Period
In the year-to-date period, IBLC achieves a 27.22% return, which is significantly lower than ETHD's 75.32% return.
IBLC
- 1D
- -2.19%
- 1M
- -0.02%
- YTD
- 27.22%
- 6M
- 19.07%
- 1Y
- 63.95%
- 3Y*
- 45.22%
- 5Y*
- —
- 10Y*
- —
ETHD
- 1D
- 8.45%
- 1M
- 38.06%
- YTD
- 75.32%
- 6M
- 75.17%
- 1Y
- -49.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBLC vs. ETHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBLC iShares Blockchain and Tech ETF | 27.22% | 27.05% | 11.87% |
ETHD ProShares UltraShort Ether ETF | 75.32% | -72.49% | -38.58% |
Correlation
The correlation between IBLC and ETHD is -0.68, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2024 | -0.68 |
The correlation between IBLC and ETHD has been stable across timeframes, ranging from -0.68 to -0.68 - a consistent structural relationship.
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Return for Risk
IBLC vs. ETHD — Risk / Return Rank
IBLC
ETHD
IBLC vs. ETHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Blockchain and Tech ETF (IBLC) and ProShares UltraShort Ether ETF (ETHD). 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 | ETHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.51 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.03 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | -0.60 | +2.03 |
| Martin ratioReturn relative to average drawdown | 2.80 | -0.77 | +3.57 |
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Drawdowns
IBLC vs. ETHD - Drawdown Comparison
The maximum IBLC drawdown since its inception was -62.54%, smaller than the maximum ETHD drawdown of -95.59%. Use the drawdown chart below to compare losses from any high point for IBLC and ETHD.
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Drawdown Indicators
| IBLC | ETHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.54% | -95.59% | +33.05% |
Max Drawdown (1Y)Largest decline over 1 year | -44.94% | -82.01% | +37.07% |
Max Drawdown (3Y)Largest decline over 3 years | -51.68% | — | — |
Current DrawdownCurrent decline from peak | -16.36% | -86.30% | +69.94% |
Average DrawdownAverage peak-to-trough decline | -25.76% | -66.40% | +40.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.89% | 66.92% | -44.03% |
Volatility
IBLC vs. ETHD - Volatility Comparison
The current volatility for iShares Blockchain and Tech ETF (IBLC) is 16.66%, while ProShares UltraShort Ether ETF (ETHD) has a volatility of 39.39%. This indicates that IBLC experiences smaller price fluctuations and is considered to be less risky than ETHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBLC | ETHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.66% | 39.39% | -22.73% |
Volatility (6M)Calculated over the trailing 6-month period | 41.64% | 93.71% | -52.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.87% | 137.55% | -81.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.51% | 142.54% | -78.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.51% | 142.54% | -78.03% |
IBLC vs. ETHD - Expense Ratio Comparison
IBLC has a 0.47% expense ratio, which is lower than ETHD's 1.01% expense ratio.
Dividends
IBLC vs. ETHD - Dividend Comparison
IBLC's dividend yield for the trailing twelve months is around 4.92%, less than ETHD's 9.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ETHD ProShares UltraShort Ether ETF | 9.98% | 156.62% | 19.15% | 0.00% | 0.00% |
IBLC iShares Blockchain and Tech ETF | 4.92% | 6.31% | 1.60% | 1.79% | 0.84% |
Frequently Asked Questions
IBLC and ETHD have a correlation of -0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHD has higher volatility (39.39%) compared to IBLC (16.66%). In terms of maximum drawdown, IBLC dropped -62.54% vs ETHD's -95.59%.
On 1-year performance, IBLC leads with 63.95% vs -49.20% for ETHD. On fees, IBLC is cheaper at 0.47% per year. On volatility, IBLC has been the lower-risk option at 16.66%. 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 63.95% return vs -49.20%. 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 1.01% for ETHD.
ETHD has the higher dividend yield at 9.98%, compared with 4.92% for IBLC.
They also come from different issuers: iShares and ProShares. Their fees differ too: 0.47% for IBLC and 1.01% for ETHD.
IBLC currently has the higher Sharpe Ratio (1.15 vs -0.36), 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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