IBLC vs. SOEZ

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Blockchain and Tech ETF (IBLC) and Franklin Solana ETF (SOEZ).

IBLC and SOEZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBLC is a passively managed fund by iShares that tracks the performance of the ICE FactSet Global Blockchain Technologies Index. It was launched on Apr 25, 2022. SOEZ is an actively managed fund by Franklin. It was launched on Dec 3, 2025.

Performance

IBLC vs. SOEZ - Performance Comparison

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

IBLC vs. SOEZ - Yearly Performance Comparison

	2026 (YTD)	2025
IBLC iShares Blockchain and Tech ETF	-10.68%	-12.92%
SOEZ Franklin Solana ETF	-32.75%	-11.97%

Returns By Period

In the year-to-date period, IBLC achieves a -10.68% return, which is significantly higher than SOEZ's -32.75% return.

IBLC

• 1D: 6.56%
• 1M: -5.99%
• YTD: -10.68%
• 6M: -29.99%
• 1Y: 57.18%
• 3Y*: 34.97%
• 5Y*: —
• 10Y*: —

SOEZ

• 1D: 0.13%
• 1M: 1.51%
• YTD: -32.75%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBLC vs. SOEZ - Expense Ratio Comparison

IBLC has a 0.47% expense ratio, which is higher than SOEZ's 0.19% expense ratio.

IBLC

iShares Blockchain and Tech ETF

SOEZ

Franklin Solana ETF

Return for Risk

IBLC vs. SOEZ — Risk / Return Rank

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

IBLC

IBLC Risk / Return Rank: 51
IBLC Sharpe Ratio Rank: 58
IBLC Sortino Ratio Rank: 67
IBLC Omega Ratio Rank: 52
IBLC Calmar Ratio Rank: 49
IBLC Martin Ratio Rank: 31

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. SOEZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Blockchain and Tech ETF (IBLC) and Franklin Solana ETF (SOEZ). 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	SOEZ	Difference
Sharpe ratio Return per unit of total volatility	0.99	—	—
Sortino ratio Return per unit of downside risk	1.62	—	—
Omega ratio Gain probability vs. loss probability	1.19	—	—
Calmar ratio Return relative to maximum drawdown	1.18	—	—
Martin ratio Return relative to average drawdown	2.64	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IBLC	SOEZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	-1.04	+1.27

Correlation

The correlation between IBLC and SOEZ is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

IBLC vs. SOEZ - Dividend Comparison

IBLC's dividend yield for the trailing twelve months is around 7.06%, more than SOEZ's 0.09% yield.

	TTM	2025	2024	2023	2022
IBLC iShares Blockchain and Tech ETF	7.06%	6.31%	1.60%	1.79%	0.84%
SOEZ Franklin Solana ETF	0.09%	0.00%	0.00%	0.00%	0.00%

Drawdowns

IBLC vs. SOEZ - Drawdown Comparison

The maximum IBLC drawdown since its inception was -62.54%, which is greater than SOEZ's maximum drawdown of -47.78%. Use the drawdown chart below to compare losses from any high point for IBLC and SOEZ.

Drawdown Indicators

	IBLC	SOEZ	Difference
Max Drawdown Largest peak-to-trough decline	-62.54%	-47.78%	-14.76%
Max Drawdown (1Y) Largest decline over 1 year	-44.94%	—	—
Current Drawdown Current decline from peak	-41.28%	-43.49%	+2.21%
Average Drawdown Average peak-to-trough decline	-26.00%	-25.08%	-0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.15%	—	—

Volatility

Volatility by Period

	IBLC	SOEZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.51%	—	—
Volatility (6M) Calculated over the trailing 6-month period	44.23%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	58.34%	78.32%	-19.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.16%	78.32%	-13.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.16%	78.32%	-13.16%