IBLC vs. SBIT

Last updated Jun 4, 2026

IBLC (iShares Blockchain and Tech ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both Cryptocurrency funds - IBLC tracks the ICE FactSet Global Blockchain Technologies Index while SBIT tracks the Bloomberg Bitcoin Index (-200%). Both are passively managed. Over the past year, IBLC returned 73.27% vs 68.00% for SBIT. At a correlation of -0.71, they often move in opposite directions. IBLC charges 0.47%/yr vs 0.95%/yr for SBIT.

Performance

IBLC vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Blockchain and Tech ETF (IBLC) and Proshares Ultrashort Bitcoin ETF (SBIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBLC achieves a 32.34% return, which is significantly lower than SBIT's 37.02% return.

IBLC

• 1D: -3.00%
• 1M: 13.52%
• YTD: 32.34%
• 6M: 15.25%
• 1Y: 73.27%
• 3Y*: 48.31%
• 5Y*: —
• 10Y*: —

SBIT

• 1D: 5.42%
• 1M: 46.58%
• YTD: 37.02%
• 6M: 52.37%
• 1Y: 68.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBLC vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IBLC iShares Blockchain and Tech ETF	32.34%	27.05%	20.57%
SBIT Proshares Ultrashort Bitcoin ETF	37.02%	-25.11%	-73.13%

Correlation

The correlation between IBLC and SBIT is -0.71, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.71
Correlation (All Time) Calculated using the full available price history since Apr 3, 2024	-0.71

The correlation between IBLC and SBIT has been stable across timeframes, ranging from -0.71 to -0.71 - a consistent structural relationship.

Return for Risk

IBLC vs. SBIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBLC

IBLC Risk / Return Rank: 33
IBLC Sharpe Ratio Rank: 37
IBLC Sortino Ratio Rank: 36
IBLC Omega Ratio Rank: 33
IBLC Calmar Ratio Rank: 33
IBLC Martin Ratio Rank: 24

SBIT

SBIT Risk / Return Rank: 26
SBIT Sharpe Ratio Rank: 22
SBIT Sortino Ratio Rank: 28
SBIT Omega Ratio Rank: 27
SBIT Calmar Ratio Rank: 29
SBIT Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBLC vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Blockchain and Tech ETF (IBLC) and Proshares Ultrashort Bitcoin ETF (SBIT). 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.

	IBLC	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	1.34	0.78	+0.56
Sortino ratio: Return per unit of downside risk	1.92	1.54	+0.38
Omega ratio: Gain probability vs. loss probability	1.23	1.18	+0.04
Calmar ratio: Return relative to maximum drawdown	1.64	1.43	+0.21
Martin ratio: Return relative to average drawdown	3.26	2.76	+0.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBLC vs. SBIT - Sharpe Ratio Comparison

The current IBLC Sharpe Ratio is 1.34, which is higher than the SBIT Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of IBLC and SBIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IBLC	SBIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.34	0.78	+0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	-0.46	+0.86

Drawdowns

IBLC vs. SBIT - Drawdown Comparison

The maximum IBLC drawdown since its inception was -62.54%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for IBLC and SBIT.

Drawdown Indicators

	IBLC	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-62.54%	-91.35%	+28.81%
Max Drawdown (1Y) Largest decline over 1 year	-44.94%	-47.94%	+3.00%
Max Drawdown (3Y) Largest decline over 3 years	-51.68%	—	—
Current Drawdown Current decline from peak	-12.99%	-78.26%	+65.27%
Average Drawdown Average peak-to-trough decline	-25.89%	-68.55%	+42.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.56%	24.69%	-2.13%

Volatility

IBLC vs. SBIT - Volatility Comparison

The current volatility for iShares Blockchain and Tech ETF (IBLC) is 14.67%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.22%. This indicates that IBLC experiences smaller price fluctuations and is considered to be less risky than SBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBLC	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.67%	18.22%	-3.55%
Volatility (6M) Calculated over the trailing 6-month period	40.76%	68.46%	-27.70%
Volatility (1Y) Calculated over the trailing 1-year period	54.94%	87.18%	-32.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.49%	97.47%	-32.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.49%	97.47%	-32.98%

IBLC vs. SBIT - Expense Ratio Comparison

IBLC has a 0.47% expense ratio, which is lower than SBIT's 0.95% expense ratio.

Dividends

IBLC vs. SBIT - Dividend Comparison

IBLC's dividend yield for the trailing twelve months is around 4.77%, more than SBIT's 3.42% yield.

Position	TTM	2025	2024	2023	2022
IBLC iShares Blockchain and Tech ETF	4.77%	6.31%	1.60%	1.79%	0.84%
SBIT Proshares Ultrashort Bitcoin ETF	3.42%	0.52%	1.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBLC and SBIT in my portfolio?

IBLC and SBIT have a correlation of -0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBLC or SBIT?

SBIT has higher volatility (18.22%) compared to IBLC (14.67%). In terms of maximum drawdown, IBLC dropped -62.54% vs SBIT's -91.35%.

Which ETF is better, IBLC or SBIT?

On 1-year performance, IBLC leads with 73.27% vs 68.00% for SBIT. On fees, IBLC is cheaper at 0.47% per year. On volatility, IBLC has been the lower-risk option at 14.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBLC or SBIT?

Over the 1-year period, IBLC has performed better with a 73.27% return vs 68.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBLC or SBIT?

IBLC is cheaper with a 0.47% expense ratio, compared with 0.95% for SBIT.

Which ETF pays a higher dividend yield, IBLC or SBIT?

IBLC has the higher dividend yield at 4.77%, compared with 3.42% for SBIT.

What is the main difference between IBLC and SBIT?

IBLC tracks ICE FactSet Global Blockchain Technologies Index, while SBIT tracks Bloomberg Bitcoin Index (-200%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.47% for IBLC and 0.95% for SBIT.

Which has better risk-adjusted returns?

IBLC currently has the higher Sharpe Ratio (1.34 vs 0.78), 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.