Correlation
The correlation between LEGR and IBLC is 0.80, 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.
LEGR vs. IBLC
Compare and contrast key facts about First Trust Indxx Innovative Transaction & Process ETF (LEGR) and iShares Blockchain and Tech ETF (IBLC).
LEGR and IBLC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LEGR is a passively managed fund by First Trust that tracks the performance of the Indxx Blockchain Index. It was launched on Jan 24, 2018. 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. Both LEGR and IBLC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LEGR or IBLC.
Performance
LEGR vs. IBLC - Performance Comparison
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Key characteristics
LEGR:
1.33
IBLC:
0.17
LEGR:
1.72
IBLC:
0.68
LEGR:
1.24
IBLC:
1.08
LEGR:
1.45
IBLC:
0.16
LEGR:
7.30
IBLC:
0.33
LEGR:
2.83%
IBLC:
25.74%
LEGR:
17.10%
IBLC:
65.74%
LEGR:
-36.12%
IBLC:
-62.54%
LEGR:
-1.40%
IBLC:
-31.72%
Returns By Period
In the year-to-date period, LEGR achieves a 11.42% return, which is significantly higher than IBLC's -9.49% return.
LEGR
11.42%
4.07%
10.09%
21.92%
14.18%
15.16%
N/A
IBLC
-9.49%
8.08%
-27.97%
13.08%
20.13%
N/A
N/A
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LEGR vs. IBLC - Expense Ratio Comparison
LEGR has a 0.65% expense ratio, which is higher than IBLC's 0.47% expense ratio.
Risk-Adjusted Performance
LEGR vs. IBLC — Risk-Adjusted Performance Rank
LEGR
IBLC
LEGR vs. IBLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Innovative Transaction & Process ETF (LEGR) and iShares Blockchain and Tech ETF (IBLC). 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.
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Dividends
LEGR vs. IBLC - Dividend Comparison
LEGR's dividend yield for the trailing twelve months is around 2.22%, more than IBLC's 1.76% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
LEGR First Trust Indxx Innovative Transaction & Process ETF | 2.22% | 2.40% | 2.56% | 2.64% | 1.80% | 0.95% | 2.04% | 1.30% |
IBLC iShares Blockchain and Tech ETF | 1.76% | 1.60% | 1.79% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LEGR vs. IBLC - Drawdown Comparison
The maximum LEGR drawdown since its inception was -36.12%, smaller than the maximum IBLC drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for LEGR and IBLC.
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Volatility
LEGR vs. IBLC - Volatility Comparison
The current volatility for First Trust Indxx Innovative Transaction & Process ETF (LEGR) is 3.86%, while iShares Blockchain and Tech ETF (IBLC) has a volatility of 14.66%. This indicates that LEGR experiences smaller price fluctuations and is considered to be less risky than IBLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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