IBLC vs. IWY
IBLC (iShares Blockchain and Tech ETF) and IWY (iShares Russell Top 200 Growth ETF) are both exchange-traded funds - IBLC is a Cryptocurrency fund tracking the ICE FactSet Global Blockchain Technologies Index, while IWY is a Large Cap Growth Equities fund tracking the Russell Top 200 Growth Index. Both are passively managed. Over the past 3 years, IBLC returned 45.22%/yr vs 22.32%/yr for IWY. A 0.62 correlation means they provide meaningful diversification when combined. IBLC charges 0.47%/yr vs 0.20%/yr for IWY.
Performance
IBLC vs. IWY - Performance Comparison
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Returns By Period
In the year-to-date period, IBLC achieves a 27.22% return, which is significantly higher than IWY's 1.47% return.
IBLC
- 1D
- -2.19%
- 1M
- -0.02%
- YTD
- 27.22%
- 6M
- 19.07%
- 1Y
- 63.95%
- 3Y*
- 45.22%
- 5Y*
- —
- 10Y*
- —
IWY
- 1D
- -1.59%
- 1M
- -4.29%
- YTD
- 1.47%
- 6M
- 0.28%
- 1Y
- 19.00%
- 3Y*
- 22.32%
- 5Y*
- 14.18%
- 10Y*
- 19.34%
IBLC vs. IWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBLC iShares Blockchain and Tech ETF | 27.22% | 27.05% | 18.58% | 201.47% | -58.93% |
IWY iShares Russell Top 200 Growth ETF | 1.47% | 18.19% | 34.89% | 46.49% | -13.42% |
Correlation
The correlation between IBLC and IWY is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022 | 0.62 |
The correlation between IBLC and IWY has been stable across timeframes, ranging from 0.58 to 0.62 - a consistent structural relationship.
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Return for Risk
IBLC vs. IWY — Risk / Return Rank
IBLC
IWY
IBLC vs. IWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Blockchain and Tech ETF (IBLC) and iShares Russell Top 200 Growth ETF (IWY). 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 | IWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 1.15 | +0.28 |
| Martin ratioReturn relative to average drawdown | 2.80 | 3.65 | -0.85 |
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Drawdowns
IBLC vs. IWY - Drawdown Comparison
The maximum IBLC drawdown since its inception was -62.54%, which is greater than IWY's maximum drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for IBLC and IWY.
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Drawdown Indicators
| IBLC | IWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.54% | -32.68% | -29.86% |
Max Drawdown (1Y)Largest decline over 1 year | -44.94% | -16.63% | -28.31% |
Max Drawdown (3Y)Largest decline over 3 years | -51.68% | -23.22% | -28.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.68% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.68% | — |
Current DrawdownCurrent decline from peak | -16.36% | -7.07% | -9.29% |
Average DrawdownAverage peak-to-trough decline | -25.76% | -4.75% | -21.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.89% | 5.22% | +17.67% |
Volatility
IBLC vs. IWY - Volatility Comparison
iShares Blockchain and Tech ETF (IBLC) has a higher volatility of 16.66% compared to iShares Russell Top 200 Growth ETF (IWY) at 6.08%. This indicates that IBLC's price experiences larger fluctuations and is considered to be riskier than IWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBLC | IWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.66% | 6.08% | +10.58% |
Volatility (6M)Calculated over the trailing 6-month period | 41.64% | 12.61% | +29.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.87% | 16.30% | +39.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.51% | 21.60% | +42.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.51% | 21.03% | +43.48% |
IBLC vs. IWY - Expense Ratio Comparison
IBLC has a 0.47% expense ratio, which is higher than IWY's 0.20% expense ratio.
Dividends
IBLC vs. IWY - Dividend Comparison
IBLC's dividend yield for the trailing twelve months is around 4.92%, more than IWY's 0.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBLC iShares Blockchain and Tech ETF | 4.92% | 6.31% | 1.60% | 1.79% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWY iShares Russell Top 200 Growth ETF | 0.36% | 0.36% | 0.42% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% |
Frequently Asked Questions
IBLC and IWY have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBLC has higher volatility (16.66%) compared to IWY (6.08%). In terms of maximum drawdown, IBLC dropped -62.54% vs IWY's -32.68%.
On 3-year performance, IBLC leads with 45.22% vs 22.32% for IWY. On fees, IWY is cheaper at 0.20% per year. On volatility, IWY has been the lower-risk option at 6.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IBLC has performed better with a 45.22% return vs 22.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWY is cheaper with a 0.20% expense ratio, compared with 0.47% for IBLC.
IBLC has the higher dividend yield at 4.92%, compared with 0.36% for IWY.
IBLC is categorized as Cryptocurrency, while IWY is Large Cap Growth Equities. IBLC tracks ICE FactSet Global Blockchain Technologies Index, while IWY tracks Russell Top 200 Growth Index. Their fees differ too: 0.47% for IBLC and 0.20% for IWY.
IWY currently has the higher Sharpe Ratio (1.17 vs 1.15), 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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