IBLC vs. OND
IBLC (iShares Blockchain and Tech ETF) and OND (ProShares On-Demand ETF) are both exchange-traded funds - IBLC is a Cryptocurrency fund tracking the ICE FactSet Global Blockchain Technologies Index, while OND is a Communications Equities fund tracking the FactSet On-Demand Index. Both are passively managed. Over the past 3 years, IBLC returned 26.36%/yr vs 11.81%/yr for OND. A 0.62 correlation means they provide meaningful diversification when combined. IBLC charges 0.47%/yr vs 0.58%/yr for OND.
Performance
IBLC vs. OND - Performance Comparison
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Returns By Period
In the year-to-date period, IBLC achieves a 8.78% return, which is significantly higher than OND's -16.08% return.
IBLC
- 1D
- -3.55%
- 1M
- -13.91%
- 6M
- -4.85%
- YTD
- 8.78%
- 1Y
- 13.40%
- 3Y*
- 26.36%
- 5Y*
- —
- 10Y*
- —
OND
- 1D
- -1.05%
- 1M
- 1.82%
- 6M
- -17.60%
- YTD
- -16.08%
- 1Y
- -17.64%
- 3Y*
- 11.81%
- 5Y*
- —
- 10Y*
- —
IBLC vs. OND - 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% |
OND ProShares On-Demand ETF | -16.08% | 26.72% | 32.00% | 27.03% | -11.20% |
Correlation
The correlation between IBLC and OND is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022 | 0.62 |
The correlation between IBLC and OND has been stable across timeframes, ranging from 0.56 to 0.62 - a consistent structural relationship.
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Return for Risk
IBLC vs. OND — Risk / Return Rank
IBLC
OND
IBLC vs. OND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Blockchain and Tech ETF (IBLC) and ProShares On-Demand ETF (OND). 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 | OND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.87 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | -0.52 | +0.82 |
| Martin ratioReturn relative to average drawdown | 0.57 | -0.88 | +1.45 |
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Drawdowns
IBLC vs. OND - Drawdown Comparison
The maximum IBLC drawdown since its inception was -62.54%, which is greater than OND's maximum drawdown of -59.02%. Use the drawdown chart below to compare losses from any high point for IBLC and OND.
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Drawdown Indicators
| IBLC | OND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.54% | -59.02% | -3.52% |
Max Drawdown (1Y)Largest decline over 1 year | -44.94% | -33.80% | -11.14% |
Max Drawdown (3Y)Largest decline over 3 years | -51.68% | -33.80% | -17.88% |
Current DrawdownCurrent decline from peak | -28.48% | -29.28% | +0.80% |
Average DrawdownAverage peak-to-trough decline | -25.74% | -30.27% | +4.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.54% | 20.18% | +3.36% |
Volatility
IBLC vs. OND - Volatility Comparison
iShares Blockchain and Tech ETF (IBLC) has a higher volatility of 14.26% compared to ProShares On-Demand ETF (OND) at 6.24%. This indicates that IBLC's price experiences larger fluctuations and is considered to be riskier than OND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBLC | OND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.26% | 6.24% | +8.02% |
Volatility (6M)Calculated over the trailing 6-month period | 41.30% | 16.33% | +24.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.60% | 20.87% | +34.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.34% | 27.03% | +37.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.34% | 27.03% | +37.31% |
IBLC vs. OND - Expense Ratio Comparison
IBLC has a 0.47% expense ratio, which is lower than OND's 0.58% expense ratio.
Dividends
IBLC vs. OND - Dividend Comparison
IBLC's dividend yield for the trailing twelve months is around 5.75%, while OND has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IBLC iShares Blockchain and Tech ETF | 5.75% | 6.31% | 1.60% | 1.79% | 0.84% | 0.00% |
OND ProShares On-Demand ETF | 0.00% | 0.00% | 0.00% | 0.78% | 0.00% | 0.02% |
Frequently Asked Questions
IBLC and OND have a correlation of 0.62, 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 OND (6.24%). In terms of maximum drawdown, IBLC dropped -62.54% vs OND's -59.02%.
On 3-year performance, IBLC leads with 26.36% vs 11.81% for OND. On fees, IBLC is cheaper at 0.47% per year. On volatility, OND has been the lower-risk option at 6.24%. 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 11.81%. 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 0.58% for OND.
IBLC has the higher dividend yield at 5.75%, compared with 0.00% for OND.
IBLC is categorized as Cryptocurrency, while OND is Communications Equities. IBLC tracks ICE FactSet Global Blockchain Technologies Index, while OND tracks FactSet On-Demand Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.47% for IBLC and 0.58% for OND.
IBLC currently has the higher Sharpe Ratio (0.24 vs -0.85), 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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