IBLC vs. FBTC
Compare and contrast key facts about iShares Blockchain and Tech ETF (IBLC) and Fidelity Wise Origin Bitcoin Trust (FBTC).
IBLC and FBTC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBLC is a passively managed fund by iShares that tracks the performance of the ICE FactSet Global Blockchain Technologies Index. It was launched on Apr 25, 2022. FBTC is a passively managed fund by Fidelity that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 11, 2024. Both IBLC and FBTC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBLC or FBTC.
Performance
IBLC vs. FBTC - Performance Comparison
Returns By Period
IBLC
36.95%
18.66%
50.55%
133.30%
N/A
N/A
FBTC
N/A
33.37%
36.18%
N/A
N/A
N/A
Key characteristics
| IBLC | FBTC | |
|---|---|---|
| Daily Std Dev | 69.94% | 58.01% |
| Max Drawdown | -62.54% | -27.42% |
| Current Drawdown | -10.34% | 0.00% |
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IBLC vs. FBTC - Expense Ratio Comparison
IBLC has a 0.47% expense ratio, which is higher than FBTC's 0.25% expense ratio.
Correlation
The correlation between IBLC and FBTC is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
IBLC vs. FBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Blockchain and Tech ETF (IBLC) and Fidelity Wise Origin Bitcoin Trust (FBTC). 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.
Not enough dataDividends
IBLC vs. FBTC - Dividend Comparison
IBLC's dividend yield for the trailing twelve months is around 1.02%, while FBTC has not paid dividends to shareholders.
| TTM | 2023 | 2022 | |
|---|---|---|---|
IBLC iShares Blockchain and Tech ETF | 1.02% | 1.79% | 0.84% |
FBTC Fidelity Wise Origin Bitcoin Trust | 0.00% | 0.00% | 0.00% |
Drawdowns
IBLC vs. FBTC - Drawdown Comparison
The maximum IBLC drawdown since its inception was -62.54%, which is greater than FBTC's maximum drawdown of -27.42%. Use the drawdown chart below to compare losses from any high point for IBLC and FBTC. For additional features, visit the drawdowns tool.
Volatility
IBLC vs. FBTC - Volatility Comparison
iShares Blockchain and Tech ETF (IBLC) has a higher volatility of 27.72% compared to Fidelity Wise Origin Bitcoin Trust (FBTC) at 18.46%. This indicates that IBLC's price experiences larger fluctuations and is considered to be riskier than FBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.