IBLC vs. LEGR
IBLC (iShares Blockchain and Tech ETF) and LEGR (First Trust Indxx Innovative Transaction & Process ETF) are both exchange-traded funds - IBLC is a Cryptocurrency fund tracking the ICE FactSet Global Blockchain Technologies Index, while LEGR is a Blockchain fund tracking the Indxx Blockchain Index. Both are passively managed. Over the past 3 years, IBLC returned 26.36%/yr vs 20.59%/yr for LEGR. A 0.59 correlation means they provide meaningful diversification when combined. IBLC charges 0.47%/yr vs 0.65%/yr for LEGR.
Performance
IBLC vs. LEGR - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IBLC having a 8.78% return and LEGR slightly higher at 8.94%.
IBLC
- 1D
- -3.55%
- 1M
- -13.91%
- 6M
- -4.85%
- YTD
- 8.78%
- 1Y
- 13.40%
- 3Y*
- 26.36%
- 5Y*
- —
- 10Y*
- —
LEGR
- 1D
- -0.74%
- 1M
- -2.01%
- 6M
- 5.27%
- YTD
- 8.94%
- 1Y
- 21.79%
- 3Y*
- 20.59%
- 5Y*
- 11.27%
- 10Y*
- —
IBLC vs. LEGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBLC iShares Blockchain and Tech ETF | 8.78% | 27.05% | 18.58% | 201.47% | -58.93% |
LEGR First Trust Indxx Innovative Transaction & Process ETF | 8.94% | 30.83% | 16.25% | 22.79% | -3.84% |
Correlation
The correlation between IBLC and LEGR 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 | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022 | 0.59 |
The correlation between IBLC and LEGR has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.
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Return for Risk
IBLC vs. LEGR — Risk / Return Rank
IBLC
LEGR
IBLC vs. LEGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Blockchain and Tech ETF (IBLC) and First Trust Indxx Innovative Transaction & Process ETF (LEGR). 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 | LEGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.27 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 2.11 | -1.81 |
| Martin ratioReturn relative to average drawdown | 0.57 | 7.23 | -6.66 |
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Drawdowns
IBLC vs. LEGR - Drawdown Comparison
The maximum IBLC drawdown since its inception was -62.54%, which is greater than LEGR's maximum drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for IBLC and LEGR.
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Drawdown Indicators
| IBLC | LEGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.54% | -36.12% | -26.42% |
Max Drawdown (1Y)Largest decline over 1 year | -44.94% | -10.40% | -34.54% |
Max Drawdown (3Y)Largest decline over 3 years | -51.68% | -14.25% | -37.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.45% | — |
Current DrawdownCurrent decline from peak | -28.48% | -4.52% | -23.96% |
Average DrawdownAverage peak-to-trough decline | -25.74% | -6.57% | -19.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.54% | 3.02% | +20.52% |
Volatility
IBLC vs. LEGR - Volatility Comparison
iShares Blockchain and Tech ETF (IBLC) has a higher volatility of 14.26% compared to First Trust Indxx Innovative Transaction & Process ETF (LEGR) at 4.62%. This indicates that IBLC's price experiences larger fluctuations and is considered to be riskier than LEGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBLC | LEGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.26% | 4.62% | +9.64% |
Volatility (6M)Calculated over the trailing 6-month period | 41.30% | 12.42% | +28.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.60% | 14.51% | +41.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.34% | 17.09% | +47.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.34% | 20.29% | +44.05% |
IBLC vs. LEGR - Expense Ratio Comparison
IBLC has a 0.47% expense ratio, which is lower than LEGR's 0.65% expense ratio.
Dividends
IBLC vs. LEGR - Dividend Comparison
IBLC's dividend yield for the trailing twelve months is around 5.75%, more than LEGR's 1.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IBLC iShares Blockchain and Tech ETF | 5.75% | 6.31% | 1.60% | 1.79% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% |
LEGR First Trust Indxx Innovative Transaction & Process ETF | 1.83% | 1.84% | 2.40% | 2.56% | 2.64% | 1.80% | 0.95% | 2.04% | 1.30% |
Frequently Asked Questions
IBLC and LEGR 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 (14.26%) compared to LEGR (4.62%). In terms of maximum drawdown, IBLC dropped -62.54% vs LEGR's -36.12%.
On 3-year performance, IBLC leads with 26.36% vs 20.59% for LEGR. On fees, IBLC is cheaper at 0.47% per year. On volatility, LEGR has been the lower-risk option at 4.62%. 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 26.36% return vs 20.59%. 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 0.65% for LEGR.
IBLC has the higher dividend yield at 5.75%, compared with 1.83% for LEGR.
IBLC is categorized as Cryptocurrency, while LEGR is Blockchain. IBLC tracks ICE FactSet Global Blockchain Technologies Index, while LEGR tracks Indxx Blockchain Index. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.47% for IBLC and 0.65% for LEGR.
LEGR currently has the higher Sharpe Ratio (1.51 vs 0.24), 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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