OWNB vs. IBLC

Last updated Jun 5, 2026

OWNB (Bitwise Bitcoin Standard Corporations ETF) and IBLC (iShares Blockchain and Tech ETF) are both exchange-traded funds - OWNB is a Blockchain fund tracking the Bitwise Bitcoin Standard Corporations Inde, while IBLC is a Cryptocurrency fund tracking the ICE FactSet Global Blockchain Technologies Index. Both are passively managed. Over the past year, OWNB returned -29.23% vs 64.83% for IBLC. Their correlation of 0.89 suggests significant overlap in exposure. OWNB charges 0.85%/yr vs 0.47%/yr for IBLC.

Performance

OWNB vs. IBLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Bitcoin Standard Corporations ETF (OWNB) and iShares Blockchain and Tech ETF (IBLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OWNB achieves a -2.96% return, which is significantly lower than IBLC's 31.00% return.

OWNB

• 1D: -1.41%
• 1M: -6.82%
• YTD: -2.96%
• 6M: -20.43%
• 1Y: -29.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBLC

• 1D: -1.01%
• 1M: 8.35%
• YTD: 31.00%
• 6M: 11.45%
• 1Y: 64.83%
• 3Y*: 50.11%
• 5Y*: —
• 10Y*: —

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

OWNB vs. IBLC - Yearly Performance Comparison

	2026 (YTD)	2025
OWNB Bitwise Bitcoin Standard Corporations ETF	-2.96%	-3.56%
IBLC iShares Blockchain and Tech ETF	31.00%	58.68%

Correlation

The correlation between OWNB and IBLC is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (All Time) Calculated using the full available price history since Mar 12, 2025	0.89

The correlation between OWNB and IBLC has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

OWNB vs. IBLC - Sectors Allocation Comparison

Sectors	OWNB	IBLC
Financial Services	43.5%	66.6%
Technology	38.0%	30.7%
Consumer Cyclical	10.1%	0.1%
Communication Services	6.3%	2.5%
Utilities	2.1%	0.2%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-

Return for Risk

OWNB vs. IBLC — 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

IBLC

IBLC Risk / Return Rank: 30
IBLC Sharpe Ratio Rank: 33
IBLC Sortino Ratio Rank: 34
IBLC Omega Ratio Rank: 32
IBLC Calmar Ratio Rank: 30
IBLC Martin Ratio Rank: 23

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. IBLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin Standard Corporations ETF (OWNB) 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.

	OWNB	IBLC	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	1.19	-1.70
Sortino ratio: Return per unit of downside risk	-0.45	1.78	-2.23
Omega ratio: Gain probability vs. loss probability	0.95	1.21	-0.26
Calmar ratio: Return relative to maximum drawdown	-0.49	1.45	-1.94
Martin ratio: Return relative to average drawdown	-0.86	2.88	-3.74
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. IBLC - Sharpe Ratio Comparison

The current OWNB Sharpe Ratio is -0.51, which is lower than the IBLC Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of OWNB and IBLC, 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	IBLC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.51	1.19	-1.70
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	0.39	-0.48

Drawdowns

OWNB vs. IBLC - Drawdown Comparison

The maximum OWNB drawdown since its inception was -59.47%, roughly equal to the maximum IBLC drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for OWNB and IBLC.

Drawdown Indicators

	OWNB	IBLC	Difference
Max Drawdown Largest peak-to-trough decline	-59.47%	-62.54%	+3.07%
Max Drawdown (1Y) Largest decline over 1 year	-59.47%	-44.94%	-14.53%
Max Drawdown (3Y) Largest decline over 3 years	—	-51.68%	—
Current Drawdown Current decline from peak	-45.32%	-13.87%	-31.45%
Average Drawdown Average peak-to-trough decline	-24.95%	-25.88%	+0.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.08%	22.58%	+11.50%

Volatility

OWNB vs. IBLC - Volatility Comparison

The current volatility for Bitwise Bitcoin Standard Corporations ETF (OWNB) is 12.84%, while iShares Blockchain and Tech ETF (IBLC) has a volatility of 14.39%. This indicates that OWNB 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.

Volatility by Period

	OWNB	IBLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.84%	14.39%	-1.55%
Volatility (6M) Calculated over the trailing 6-month period	42.46%	40.72%	+1.74%
Volatility (1Y) Calculated over the trailing 1-year period	57.60%	54.80%	+2.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.27%	64.46%	-2.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.27%	64.46%	-2.19%

OWNB vs. IBLC - Expense Ratio Comparison

OWNB has a 0.85% expense ratio, which is higher than IBLC's 0.47% expense ratio.

Dividends

OWNB vs. IBLC - Dividend Comparison

OWNB's dividend yield for the trailing twelve months is around 0.90%, less than IBLC's 4.82% yield.

Position	TTM	2025	2024	2023	2022
IBLC iShares Blockchain and Tech ETF	4.82%	6.31%	1.60%	1.79%	0.84%
OWNB Bitwise Bitcoin Standard Corporations ETF	0.90%	0.87%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OWNB and IBLC in my portfolio?

With a correlation of 0.90, OWNB and IBLC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, OWNB or IBLC?

IBLC has higher volatility (14.39%) compared to OWNB (12.84%). In terms of maximum drawdown, OWNB dropped -59.47% vs IBLC's -62.54%.

Which ETF is better, OWNB or IBLC?

On 1-year performance, IBLC leads with 64.83% vs -29.23% for OWNB. On fees, IBLC is cheaper at 0.47% per year. On volatility, OWNB has been the lower-risk option at 12.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OWNB or IBLC?

Over the 1-year period, IBLC has performed better with a 64.83% return vs -29.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OWNB or IBLC?

IBLC is cheaper with a 0.47% expense ratio, compared with 0.85% for OWNB.

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

IBLC has the higher dividend yield at 4.82%, compared with 0.90% for OWNB.

What is the main difference between OWNB and IBLC?

OWNB is categorized as Blockchain, while IBLC is Cryptocurrency. OWNB tracks Bitwise Bitcoin Standard Corporations Inde, while IBLC tracks ICE FactSet Global Blockchain Technologies Index. They also come from different issuers: Bitwise and iShares. Their fees differ too: 0.85% for OWNB and 0.47% for IBLC.

Which has better risk-adjusted returns?

IBLC currently has the higher Sharpe Ratio (1.19 vs -0.51), 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.