TCAN vs. BLCN

Last updated Jul 21, 2026

TCAN (21Shares Canton Network ETF) and BLCN (Siren ETF Trust Siren Nasdaq NexGen Economy ETF) are both exchange-traded funds - TCAN is a Blockchain fund actively managed by 21Shares, while BLCN is a Large Cap Blend Equities fund tracking the Siren NASDAQ Blockchain Economy Index. TCAN is actively managed, while BLCN is passively managed. At a 0.07 correlation, their price movements are largely independent. TCAN charges 0.50%/yr vs 0.68%/yr for BLCN.

Performance

TCAN vs. BLCN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares Canton Network ETF (TCAN) and Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TCAN

• 1D: -3.49%
• 1M: -22.77%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BLCN

• 1D: 0.00%
• 1M: -9.09%
• 6M: -3.53%
• YTD: 1.35%
• 1Y: -2.02%
• 3Y*: 2.06%
• 5Y*: -10.83%
• 10Y*: —
• ALL TIME*: 1.13%

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

TCAN vs. BLCN - Yearly Performance Comparison

	2026 (YTD)
TCAN 21Shares Canton Network ETF	-15.49%
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF	-6.64%

Correlation

The correlation between TCAN and BLCN is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 7, 2026	0.07

Return for Risk

TCAN vs. BLCN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares Canton Network ETF (TCAN) 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.

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.

	TCAN	BLCN	Difference
Sharpe ratio: Return per unit of total volatility	—	0.02	—
Sortino ratio: Return per unit of downside risk	—	0.30	—
Omega ratio: Gain probability vs. loss probability	—	1.04	—
Calmar ratio: Return relative to maximum drawdown	—	0.03	—
Martin ratio: Return relative to average drawdown	—	0.05	—

Drawdowns

TCAN vs. BLCN - Drawdown Comparison

The maximum TCAN drawdown since its inception was -26.07%, smaller than the maximum BLCN drawdown of -67.51%. Use the drawdown chart below to compare losses from any high point for TCAN and BLCN.

Drawdown Indicators

	TCAN	BLCN	Difference
Max Drawdown Largest peak-to-trough decline	-26.07%	-67.51%	+41.44%
Max Drawdown (1Y) Largest decline over 1 year	—	-29.53%	—
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	-26.07%	-50.81%	+24.74%
Average Drawdown Average peak-to-trough decline	-9.84%	-30.52%	+20.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	14.43%	—

Volatility

Volatility by Period

	TCAN	BLCN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.60%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	61.00%	37.43%	+23.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.00%	35.38%	+25.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.00%	31.34%	+29.66%

TCAN vs. BLCN - Expense Ratio Comparison

TCAN has a 0.50% expense ratio, which is lower than BLCN's 0.68% expense ratio.

Dividends

TCAN vs. BLCN - Dividend Comparison

Neither TCAN nor BLCN has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF	2.85%	3.01%	0.67%	0.54%	1.28%	0.56%	0.58%	1.45%	1.16%
TCAN 21Shares Canton Network ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TCAN and BLCN in my portfolio?

TCAN and BLCN have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TCAN or BLCN?

On fees, TCAN is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TCAN or BLCN?

TCAN is cheaper with a 0.50% expense ratio, compared with 0.68% for BLCN.

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

BLCN has the higher dividend yield at 2.85%, compared with 0.00% for TCAN.

What is the main difference between TCAN and BLCN?

TCAN is categorized as Blockchain, while BLCN is Large Cap Blend Equities. They also come from different issuers: 21Shares and SRN Advisors. Their fees differ too: 0.50% for TCAN and 0.68% for BLCN.