IBLC vs. TLT

Last updated Jun 4, 2026

IBLC (iShares Blockchain and Tech ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - IBLC is a Cryptocurrency fund tracking the ICE FactSet Global Blockchain Technologies Index, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 3 years, IBLC returned 48.31%/yr vs -1.80%/yr for TLT. At a 0.08 correlation, their price movements are largely independent. IBLC charges 0.47%/yr vs 0.15%/yr for TLT.

Performance

IBLC vs. TLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Blockchain and Tech ETF (IBLC) and iShares 20+ Year Treasury Bond ETF (TLT). 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 higher than TLT's -0.27% return.

IBLC

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

TLT

• 1D: -0.40%
• 1M: 0.81%
• YTD: -0.27%
• 6M: -2.02%
• 1Y: 4.93%
• 3Y*: -1.80%
• 5Y*: -6.31%
• 10Y*: -1.66%

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

IBLC vs. TLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IBLC iShares Blockchain and Tech ETF	32.34%	27.05%	18.58%	201.47%	-57.76%
TLT iShares 20+ Year Treasury Bond ETF	-0.27%	4.25%	-8.05%	2.77%	-16.03%

Correlation

The correlation between IBLC and TLT is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (All Time) Calculated using the full available price history since Apr 28, 2022	0.08

Return for Risk

IBLC vs. TLT — 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

TLT

TLT Risk / Return Rank: 16
TLT Sharpe Ratio Rank: 16
TLT Sortino Ratio Rank: 15
TLT Omega Ratio Rank: 15
TLT Calmar Ratio Rank: 17
TLT Martin Ratio Rank: 16

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. TLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Blockchain and Tech ETF (IBLC) and iShares 20+ Year Treasury Bond ETF (TLT). 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	TLT	Difference
Sharpe ratio Return per unit of total volatility	1.34	0.51	+0.84
Sortino ratio Return per unit of downside risk	1.92	0.80	+1.12
Omega ratio Gain probability vs. loss probability	1.23	1.09	+0.14
Calmar ratio Return relative to maximum drawdown	1.64	0.65	+0.99
Martin ratio Return relative to average drawdown	3.26	1.63	+1.63
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. TLT - Sharpe Ratio Comparison

The current IBLC Sharpe Ratio is 1.34, which is higher than the TLT Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of IBLC and TLT, 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	TLT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.34	0.51	+0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.40	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.26	+0.14

Drawdowns

IBLC vs. TLT - Drawdown Comparison

The maximum IBLC drawdown since its inception was -62.54%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for IBLC and TLT.

Drawdown Indicators

	IBLC	TLT	Difference
Max Drawdown Largest peak-to-trough decline	-62.54%	-48.35%	-14.19%
Max Drawdown (1Y) Largest decline over 1 year	-44.94%	-7.58%	-37.36%
Max Drawdown (3Y) Largest decline over 3 years	-51.68%	-19.18%	-32.50%
Max Drawdown (5Y) Largest decline over 5 years	—	-43.70%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-48.35%	—
Current Drawdown Current decline from peak	-12.99%	-40.44%	+27.45%
Average Drawdown Average peak-to-trough decline	-25.89%	-13.82%	-12.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.56%	3.04%	+19.52%

Volatility

IBLC vs. TLT - Volatility Comparison

iShares Blockchain and Tech ETF (IBLC) has a higher volatility of 14.67% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.76%. This indicates that IBLC's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBLC	TLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.67%	2.76%	+11.91%
Volatility (6M) Calculated over the trailing 6-month period	40.76%	6.50%	+34.26%
Volatility (1Y) Calculated over the trailing 1-year period	54.94%	9.77%	+45.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.49%	15.87%	+48.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.49%	14.91%	+49.58%

IBLC vs. TLT - Expense Ratio Comparison

IBLC has a 0.47% expense ratio, which is higher than TLT's 0.15% expense ratio.

Dividends

IBLC vs. TLT - Dividend Comparison

IBLC's dividend yield for the trailing twelve months is around 4.77%, more than TLT's 4.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBLC iShares Blockchain and Tech ETF	4.77%	6.31%	1.60%	1.79%	0.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TLT iShares 20+ Year Treasury Bond ETF	4.59%	4.43%	4.30%	3.38%	2.67%	1.50%	1.50%	2.27%	2.63%	2.43%	2.60%	2.61%

Frequently Asked Questions

Can I hold both IBLC and TLT in my portfolio?

IBLC and TLT have a correlation of 0.08, 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 TLT?

IBLC has higher volatility (14.67%) compared to TLT (2.76%). In terms of maximum drawdown, IBLC dropped -62.54% vs TLT's -48.35%.

Which ETF is better, IBLC or TLT?

On 3-year performance, IBLC leads with 48.31% vs -1.80% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, TLT has been the lower-risk option at 2.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBLC or TLT?

Over the 3-year period, IBLC has performed better with a 48.31% return vs -1.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBLC or TLT?

TLT is cheaper with a 0.15% expense ratio, compared with 0.47% for IBLC.

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

IBLC has the higher dividend yield at 4.77%, compared with 4.59% for TLT.

What is the main difference between IBLC and TLT?

IBLC is categorized as Cryptocurrency, while TLT is Government Bonds. IBLC tracks ICE FactSet Global Blockchain Technologies Index, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. Their fees differ too: 0.47% for IBLC and 0.15% for TLT.

Which has better risk-adjusted returns?

IBLC currently has the higher Sharpe Ratio (1.34 vs 0.51), 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.