IBLC vs. USFR
IBLC (iShares Blockchain and Tech ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - IBLC is a Cryptocurrency fund tracking the ICE FactSet Global Blockchain Technologies Index, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Both are passively managed. Over the past 3 years, IBLC returned 30.76%/yr vs 4.68%/yr for USFR. Their -0.03 correlation means they have often moved in opposite directions in the past. IBLC charges 0.47%/yr vs 0.15%/yr for USFR.
Performance
IBLC vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, IBLC achieves a 6.96% return, which is significantly higher than USFR's 2.31% return.
IBLC
- 1D
- -2.67%
- 1M
- -7.92%
- 6M
- 15.03%
- YTD
- 6.96%
- 1Y
- 15.61%
- 3Y*
- 30.76%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.54%
USFR
- 1D
- 0.02%
- 1M
- 0.36%
- 6M
- 1.91%
- YTD
- 2.31%
- 1Y
- 3.97%
- 3Y*
- 4.68%
- 5Y*
- 3.82%
- 10Y*
- 2.48%
- ALL TIME*
- 1.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $433.72K | $478.48K | $755.73K | |
| $364.75M | $267.80M | $250.84M |
IBLC vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBLC iShares Blockchain and Tech ETF | 6.96% | 27.05% | 18.58% | 201.47% | -58.93% |
USFR WisdomTree Floating Rate Treasury Fund | 2.31% | 4.23% | 5.47% | 5.18% | 1.55% |
Correlation
The correlation between IBLC and USFR is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.13 |
Correlation (3Y) Balances recent behavior with more history. | -0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022 | -0.03 |
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Return for Risk
IBLC vs. USFR — Risk / Return Rank
IBLC
USFR
IBLC vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Blockchain and Tech ETF (IBLC) and WisdomTree Floating Rate Treasury Fund (USFR). 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 | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.37 | ||
| Sortino ratioReturn per unit of downside risk | -50.81 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 14.07 | -12.98 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 200.37 | -200.02 |
| Martin ratioReturn relative to average drawdown | 0.64 | 800.41 | -799.78 |
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Drawdowns
IBLC vs. USFR - Drawdown Comparison
The maximum IBLC drawdown since its inception was -62.54%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for IBLC and USFR.
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Drawdown Indicators
| IBLC | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.54% | -1.36% | -61.18% |
Max Drawdown (1Y)Largest decline over 1 year | -44.94% | -0.02% | -44.92% |
Max Drawdown (3Y)Largest decline over 3 years | -51.68% | -0.06% | -51.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | -29.68% | 0.00% | -29.68% |
Average DrawdownAverage peak-to-trough decline | -25.79% | -0.15% | -25.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.63% | 0.00% | +24.63% |
Volatility
IBLC vs. USFR - Volatility Comparison
iShares Blockchain and Tech ETF (IBLC) has a higher volatility of 18.70% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that IBLC's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBLC | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.70% | 0.09% | +18.61% |
Volatility (6M)Calculated over the trailing 6-month period | 43.22% | 0.20% | +43.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.36% | 0.27% | +57.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.43% | 0.39% | +64.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.43% | 0.76% | +63.67% |
IBLC vs. USFR - Expense Ratio Comparison
IBLC has a 0.47% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
IBLC vs. USFR - Dividend Comparison
IBLC's dividend yield for the trailing twelve months is around 5.85%, more than USFR's 3.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IBLC iShares Blockchain and Tech ETF | 5.85% | 6.31% | 1.60% | 1.79% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USFR WisdomTree Floating Rate Treasury Fund | 3.79% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Frequently Asked Questions
IBLC and USFR have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBLC has higher volatility (18.70%) compared to USFR (0.09%). In terms of maximum drawdown, IBLC dropped -62.54% vs USFR's -1.36%.
On 3-year performance, IBLC leads with 30.76% vs 4.68% for USFR. On fees, USFR is cheaper at 0.15% per year. On volatility, USFR has been the lower-risk option at 0.09%. 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 30.76% return vs 4.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USFR is cheaper with a 0.15% expense ratio, compared with 0.47% for IBLC.
IBLC has the higher dividend yield at 5.85%, compared with 3.79% for USFR.
IBLC is categorized as Cryptocurrency, while USFR is Government Bonds. IBLC tracks ICE FactSet Global Blockchain Technologies Index, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.47% for IBLC and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.64 vs 0.27), 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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