IBLC vs. TLT
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 26.70%/yr vs -1.80%/yr for TLT. Their 0.08 correlation means their historical movements had little consistent relationship. IBLC charges 0.47%/yr vs 0.15%/yr for TLT.
Performance
IBLC vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, IBLC achieves a 5.99% return, which is significantly higher than TLT's -3.49% return.
IBLC
- 1D
- -2.87%
- 1M
- -4.33%
- 6M
- 0.61%
- YTD
- 5.99%
- 1Y
- 17.60%
- 3Y*
- 26.70%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.35%
TLT
- 1D
- -0.66%
- 1M
- -3.81%
- 6M
- -3.46%
- YTD
- -3.49%
- 1Y
- -2.45%
- 3Y*
- -1.80%
- 5Y*
- -8.18%
- 10Y*
- -2.38%
- ALL TIME*
- 3.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $395.00K | $481.87K | $794.27K | |
| $2.33B | $2.02B | $2.19B |
IBLC vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBLC iShares Blockchain and Tech ETF | 5.99% | 27.05% | 18.58% | 201.47% | -58.93% |
TLT iShares 20+ Year Treasury Bond ETF | -3.49% | 4.25% | -8.05% | 2.77% | -17.10% |
Correlation
The correlation between IBLC and TLT is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022 | 0.08 |
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Return for Risk
IBLC vs. TLT — Risk / Return Rank
IBLC
TLT
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.
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 | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.99 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | -0.14 | +0.33 |
| Martin ratioReturn relative to average drawdown | 0.36 | -0.30 | +0.66 |
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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.
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Drawdown Indicators
| IBLC | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.54% | -48.35% | -14.19% |
Max Drawdown (1Y)Largest decline over 1 year | -44.94% | -7.74% | -37.20% |
Max Drawdown (3Y)Largest decline over 3 years | -51.68% | -14.79% | -36.89% |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | -30.32% | -42.36% | +12.04% |
Average DrawdownAverage peak-to-trough decline | -25.78% | -13.99% | -11.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.44% | 3.57% | +20.87% |
Volatility
IBLC vs. TLT - Volatility Comparison
iShares Blockchain and Tech ETF (IBLC) has a higher volatility of 19.77% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.46%. 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.
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Volatility by Period
| IBLC | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.77% | 2.46% | +17.31% |
Volatility (6M)Calculated over the trailing 6-month period | 43.51% | 6.85% | +36.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.85% | 9.32% | +48.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.48% | 15.74% | +48.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.48% | 14.83% | +49.65% |
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 5.91%, more than TLT's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBLC iShares Blockchain and Tech ETF | 5.91% | 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 | 4.34% | 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
IBLC and TLT have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBLC has higher volatility (19.77%) compared to TLT (2.46%). In terms of maximum drawdown, IBLC dropped -62.54% vs TLT's -48.35%.
On 3-year performance, IBLC leads with 26.70% 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 2.46%. 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 26.70% return vs -1.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLT is cheaper with a 0.15% expense ratio, compared with 0.47% for IBLC.
IBLC has the higher dividend yield at 5.91%, compared with 4.34% for 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.
IBLC currently has the higher Sharpe Ratio (0.15 vs -0.11), 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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