OWNB vs. BLCN

Last updated Jun 4, 2026

OWNB (Bitwise Bitcoin Standard Corporations ETF) and BLCN (Siren ETF Trust Siren Nasdaq NexGen Economy ETF) are both exchange-traded funds - OWNB is a Blockchain fund tracking the Bitwise Bitcoin Standard Corporations Inde, while BLCN is a Large Cap Blend Equities fund tracking the Siren NASDAQ Blockchain Economy Index. Both are passively managed. Over the past year, OWNB returned -28.07% vs 27.10% for BLCN. A 0.57 correlation means they provide meaningful diversification when combined. OWNB charges 0.85%/yr vs 0.68%/yr for BLCN.

Performance

OWNB vs. BLCN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Bitcoin Standard Corporations ETF (OWNB) and Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OWNB achieves a -1.56% return, which is significantly lower than BLCN's 13.09% return.

OWNB

• 1D: -1.95%
• 1M: -2.79%
• YTD: -1.56%
• 6M: -18.67%
• 1Y: -28.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLCN

• 1D: 0.39%
• 1M: 10.42%
• YTD: 13.09%
• 6M: 10.14%
• 1Y: 27.10%
• 3Y*: 9.50%
• 5Y*: -9.77%
• 10Y*: —

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

OWNB vs. BLCN - Yearly Performance Comparison

	2026 (YTD)	2025
OWNB Bitwise Bitcoin Standard Corporations ETF	-1.56%	-3.56%
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF	13.09%	21.46%

Correlation

The correlation between OWNB and BLCN is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (All Time) Calculated using the full available price history since Mar 12, 2025	0.57

The correlation between OWNB and BLCN has been stable across timeframes, ranging from 0.57 to 0.58 - a consistent structural relationship.

OWNB vs. BLCN - Sectors Allocation Comparison

Sectors	OWNB	BLCN
Financial Services	43.5%	7.3%
Technology	38.0%	57.1%
Consumer Cyclical	10.1%	4.4%
Communication Services	6.3%	3.5%
Utilities	2.1%	4.2%
Basic Materials	-	4.4%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	16.0%
Real Estate	-	-

Return for Risk

OWNB vs. BLCN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OWNB

OWNB Risk / Return Rank: 5
OWNB Sharpe Ratio Rank: 5
OWNB Sortino Ratio Rank: 5
OWNB Omega Ratio Rank: 5
OWNB Calmar Ratio Rank: 5
OWNB Martin Ratio Rank: 5

BLCN

BLCN Risk / Return Rank: 21
BLCN Sharpe Ratio Rank: 21
BLCN Sortino Ratio Rank: 23
BLCN Omega Ratio Rank: 23
BLCN Calmar Ratio Rank: 21
BLCN Martin Ratio Rank: 18

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.

OWNB vs. BLCN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin Standard Corporations ETF (OWNB) and Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN). 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.

	OWNB	BLCN	Difference
Sharpe ratio: Return per unit of total volatility	-0.49	0.76	-1.25
Sortino ratio: Return per unit of downside risk	-0.41	1.25	-1.66
Omega ratio: Gain probability vs. loss probability	0.96	1.15	-0.20
Calmar ratio: Return relative to maximum drawdown	-0.47	0.92	-1.40
Martin ratio: Return relative to average drawdown	-0.83	1.97	-2.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OWNB vs. BLCN - Sharpe Ratio Comparison

The current OWNB Sharpe Ratio is -0.49, which is lower than the BLCN Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of OWNB and BLCN, 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

	OWNB	BLCN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.49	0.76	-1.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	0.08	-0.15

Drawdowns

OWNB vs. BLCN - Drawdown Comparison

The maximum OWNB drawdown since its inception was -59.47%, smaller than the maximum BLCN drawdown of -67.51%. Use the drawdown chart below to compare losses from any high point for OWNB and BLCN.

Drawdown Indicators

	OWNB	BLCN	Difference
Max Drawdown Largest peak-to-trough decline	-59.47%	-67.51%	+8.04%
Max Drawdown (1Y) Largest decline over 1 year	-59.47%	-29.53%	-29.94%
Max Drawdown (3Y) Largest decline over 3 years	—	-45.26%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-67.51%	—
Current Drawdown Current decline from peak	-44.54%	-45.11%	+0.57%
Average Drawdown Average peak-to-trough decline	-24.89%	-30.29%	+5.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.96%	13.82%	+20.14%

Volatility

OWNB vs. BLCN - Volatility Comparison

The current volatility for Bitwise Bitcoin Standard Corporations ETF (OWNB) is 13.15%, while Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN) has a volatility of 14.45%. This indicates that OWNB experiences smaller price fluctuations and is considered to be less risky than BLCN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OWNB	BLCN	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.15%	14.45%	-1.30%
Volatility (6M) Calculated over the trailing 6-month period	42.52%	29.11%	+13.41%
Volatility (1Y) Calculated over the trailing 1-year period	57.85%	36.03%	+21.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.36%	34.93%	+27.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.36%	31.22%	+31.14%

OWNB vs. BLCN - Expense Ratio Comparison

OWNB has a 0.85% expense ratio, which is higher than BLCN's 0.68% expense ratio.

Dividends

OWNB vs. BLCN - Dividend Comparison

OWNB's dividend yield for the trailing twelve months is around 0.88%, less than BLCN's 2.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF	2.66%	3.01%	0.67%	0.54%	1.28%	0.56%	0.58%	1.45%	1.16%
OWNB Bitwise Bitcoin Standard Corporations ETF	0.88%	0.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OWNB and BLCN in my portfolio?

OWNB and BLCN have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OWNB or BLCN?

BLCN has higher volatility (14.45%) compared to OWNB (13.15%). In terms of maximum drawdown, OWNB dropped -59.47% vs BLCN's -67.51%.

Which ETF is better, OWNB or BLCN?

On 1-year performance, BLCN leads with 27.10% vs -28.07% for OWNB. On fees, BLCN is cheaper at 0.68% per year. On volatility, OWNB has been the lower-risk option at 13.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OWNB or BLCN?

Over the 1-year period, BLCN has performed better with a 27.10% return vs -28.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OWNB or BLCN?

BLCN is cheaper with a 0.68% expense ratio, compared with 0.85% for OWNB.

Which ETF pays a higher dividend yield, OWNB or BLCN?

BLCN has the higher dividend yield at 2.66%, compared with 0.88% for OWNB.

What is the main difference between OWNB and BLCN?

OWNB is categorized as Blockchain, while BLCN is Large Cap Blend Equities. OWNB tracks Bitwise Bitcoin Standard Corporations Inde, while BLCN tracks Siren NASDAQ Blockchain Economy Index. They also come from different issuers: Bitwise and SRN Advisors. Their fees differ too: 0.85% for OWNB and 0.68% for BLCN.

Which has better risk-adjusted returns?

BLCN currently has the higher Sharpe Ratio (0.76 vs -0.49), 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.