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
Returns By Period
In the year-to-date period, LEGR achieves a 15.45% return, which is significantly lower than IBLC's 36.95% return.
LEGR
15.45%
-2.34%
5.57%
25.21%
10.93%
N/A
IBLC
36.95%
22.22%
50.55%
137.03%
N/A
N/A
Key characteristics
| LEGR | IBLC | |
|---|---|---|
| Sharpe Ratio | 1.77 | 1.83 |
| Sortino Ratio | 2.45 | 2.53 |
| Omega Ratio | 1.30 | 1.29 |
| Calmar Ratio | 2.08 | 3.36 |
| Martin Ratio | 12.42 | 6.34 |
| Ulcer Index | 1.93% | 20.20% |
| Daily Std Dev | 13.55% | 69.94% |
| Max Drawdown | -36.12% | -62.54% |
| Current Drawdown | -2.94% | -10.34% |
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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.
Correlation
The correlation between LEGR and IBLC is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
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.
Dividends
LEGR vs. IBLC - Dividend Comparison
LEGR's dividend yield for the trailing twelve months is around 2.30%, more than IBLC's 1.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
LEGR First Trust Indxx Innovative Transaction & Process ETF | 2.30% | 2.56% | 2.64% | 1.80% | 0.95% | 2.04% | 1.30% |
IBLC iShares Blockchain and Tech ETF | 1.02% | 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. For additional features, visit the drawdowns tool.
Volatility
LEGR vs. IBLC - Volatility Comparison
The current volatility for First Trust Indxx Innovative Transaction & Process ETF (LEGR) is 3.82%, while iShares Blockchain and Tech ETF (IBLC) has a volatility of 27.72%. 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.