IBLC vs. IGPT
IBLC (iShares Blockchain and Tech ETF) and IGPT (Invesco AI and Next Gen Software ETF) are both exchange-traded funds - IBLC is a Cryptocurrency fund tracking the ICE FactSet Global Blockchain Technologies Index, while IGPT is a Artificial Intelligence fund tracking the STOXX World AC NexGen Software Development Index. Both are passively managed. Over the past 3 years, IBLC returned 26.70%/yr vs 33.09%/yr for IGPT. Their 0.66 correlation means they have sometimes moved together and sometimes differently. IBLC charges 0.47%/yr vs 0.56%/yr for IGPT.
Performance
IBLC vs. IGPT - Performance Comparison
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Returns By Period
In the year-to-date period, IBLC achieves a 5.99% return, which is significantly lower than IGPT's 45.80% 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%
IGPT
- 1D
- 0.59%
- 1M
- -8.98%
- 6M
- 33.98%
- YTD
- 45.80%
- 1Y
- 74.93%
- 3Y*
- 33.09%
- 5Y*
- 12.06%
- 10Y*
- 19.74%
- ALL TIME*
- 14.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $395.00K | $481.87K | $794.27K | |
| $28.12M | $21.89M | $21.69M |
IBLC vs. IGPT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBLC iShares Blockchain and Tech ETF | 5.99% | 27.05% | 18.58% | 201.47% | -58.93% |
IGPT Invesco AI and Next Gen Software ETF | 45.80% | 31.55% | 17.15% | 27.29% | -7.55% |
Correlation
The correlation between IBLC and IGPT is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022 | 0.66 |
The correlation between IBLC and IGPT has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.
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Return for Risk
IBLC vs. IGPT — Risk / Return Rank
IBLC
IGPT
IBLC vs. IGPT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Blockchain and Tech ETF (IBLC) and Invesco AI and Next Gen Software ETF (IGPT). 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 | IGPT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.32 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | 2.89 | -2.69 |
| Martin ratioReturn relative to average drawdown | 0.36 | 11.04 | -10.67 |
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Drawdowns
IBLC vs. IGPT - Drawdown Comparison
The maximum IBLC drawdown since its inception was -62.54%, which is greater than IGPT's maximum drawdown of -50.14%. Use the drawdown chart below to compare losses from any high point for IBLC and IGPT.
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Drawdown Indicators
| IBLC | IGPT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.54% | -50.14% | -12.40% |
Max Drawdown (1Y)Largest decline over 1 year | -44.94% | -24.74% | -20.20% |
Max Drawdown (3Y)Largest decline over 3 years | -51.68% | -29.30% | -22.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.04% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.14% | — |
Current DrawdownCurrent decline from peak | -30.32% | -19.79% | -10.53% |
Average DrawdownAverage peak-to-trough decline | -25.78% | -11.95% | -13.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.44% | 6.47% | +17.97% |
Volatility
IBLC vs. IGPT - Volatility Comparison
iShares Blockchain and Tech ETF (IBLC) has a higher volatility of 19.77% compared to Invesco AI and Next Gen Software ETF (IGPT) at 14.66%. This indicates that IBLC's price experiences larger fluctuations and is considered to be riskier than IGPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBLC | IGPT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.77% | 14.66% | +5.11% |
Volatility (6M)Calculated over the trailing 6-month period | 43.51% | 32.84% | +10.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.85% | 36.85% | +21.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.48% | 29.53% | +34.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.48% | 27.29% | +37.19% |
IBLC vs. IGPT - Expense Ratio Comparison
IBLC has a 0.47% expense ratio, which is lower than IGPT's 0.56% expense ratio.
Dividends
IBLC vs. IGPT - Dividend Comparison
IBLC's dividend yield for the trailing twelve months is around 5.91%, more than IGPT's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBLC iShares Blockchain and Tech ETF | 5.91% | 6.31% | 1.60% | 1.79% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGPT Invesco AI and Next Gen Software ETF | 0.01% | 0.04% | 0.00% | 0.00% | 1.41% | 6.21% | 0.04% | 0.05% | 0.00% | 0.00% | 0.03% | 0.15% |
Frequently Asked Questions
IBLC and IGPT have a correlation of 0.66, 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 IGPT (14.66%). In terms of maximum drawdown, IBLC dropped -62.54% vs IGPT's -50.14%.
On 3-year performance, IGPT leads with 33.09% vs 26.70% for IBLC. On fees, IBLC is cheaper at 0.47% per year. On volatility, IGPT has been the lower-risk option at 14.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IGPT has performed better with a 33.09% return vs 26.70%. 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 0.56% for IGPT.
IBLC has the higher dividend yield at 5.91%, compared with 0.01% for IGPT.
IBLC is categorized as Cryptocurrency, while IGPT is Artificial Intelligence. IBLC tracks ICE FactSet Global Blockchain Technologies Index, while IGPT tracks STOXX World AC NexGen Software Development Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.47% for IBLC and 0.56% for IGPT.
IGPT currently has the higher Sharpe Ratio (1.94 vs 0.15), 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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