TTOP vs. IBLC

Last updated Aug 1, 2026

TTOP (21Shares FTSE Crypto 10 Index ETF) and IBLC (iShares Blockchain and Tech ETF) are both Cryptocurrency funds - TTOP tracks the FTSE Crypto 10 Select Index while IBLC tracks the ICE FactSet Global Blockchain Technologies Index. Both are passively managed. Their 0.73 correlation means they have sometimes moved together and sometimes differently. TTOP charges 0.50%/yr vs 0.47%/yr for IBLC.

Performance

TTOP vs. IBLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares FTSE Crypto 10 Index ETF (TTOP) 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, TTOP achieves a -30.39% return, which is significantly lower than IBLC's 5.99% return.

TTOP

• 1D: -2.70%
• 1M: 2.44%
• 6M: -26.85%
• YTD: -30.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

IBLC

• 1D: -2.87%
• 1M: -4.33%
• 6M: 0.61%
• YTD: 5.99%
• 1Y: 17.60%
• 3Y*: 26.70%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.35%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IBLC iShares Blockchain and Tech ETF	$395.00K	$481.87K	$794.27K
TTOP 21Shares FTSE Crypto 10 Index ETF	$2.56K	$2.91K	$3.28K

TTOP vs. IBLC - Yearly Performance Comparison

	2026 (YTD)	2025
TTOP 21Shares FTSE Crypto 10 Index ETF	-30.39%	-14.90%
IBLC iShares Blockchain and Tech ETF	5.99%	-18.17%

Correlation

The correlation between TTOP and IBLC is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 13, 2025	0.73

Return for Risk

TTOP vs. IBLC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TTOP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IBLC

IBLC Risk / Return Rank: 16
IBLC Sharpe Ratio Rank: 14
IBLC Sortino Ratio Rank: 19
IBLC Omega Ratio Rank: 18
IBLC Calmar Ratio Rank: 14
IBLC Martin Ratio Rank: 13

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TTOP vs. IBLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares FTSE Crypto 10 Index ETF (TTOP) 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.

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.

	TTOP	IBLC	Difference
Sharpe ratio: Return per unit of total volatility	—	0.15	—
Sortino ratio: Return per unit of downside risk	—	0.63	—
Omega ratio: Gain probability vs. loss probability	—	1.07	—
Calmar ratio: Return relative to maximum drawdown	—	0.20	—
Martin ratio: Return relative to average drawdown	—	0.36	—

Drawdowns

TTOP vs. IBLC - Drawdown Comparison

The maximum TTOP drawdown since its inception was -44.86%, smaller than the maximum IBLC drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for TTOP and IBLC.

Drawdown Indicators

	TTOP	IBLC	Difference
Max Drawdown Largest peak-to-trough decline	-44.86%	-62.54%	+17.68%
Max Drawdown (1Y) Largest decline over 1 year	—	-44.94%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-51.68%	—
Current Drawdown Current decline from peak	-40.76%	-30.32%	-10.44%
Average Drawdown Average peak-to-trough decline	-27.63%	-25.78%	-1.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	24.44%	—

Volatility

Volatility by Period

	TTOP	IBLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.77%	—
Volatility (6M) Calculated over the trailing 6-month period	—	43.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	50.04%	57.85%	-7.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.04%	64.48%	-14.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.04%	64.48%	-14.44%

TTOP vs. IBLC - Expense Ratio Comparison

TTOP has a 0.50% expense ratio, which is higher than IBLC's 0.47% expense ratio.

Dividends

TTOP vs. IBLC - Dividend Comparison

TTOP has not paid dividends to shareholders, while IBLC's dividend yield for the trailing twelve months is around 5.91%.

Position	TTM	2025	2024	2023	2022
IBLC iShares Blockchain and Tech ETF	5.91%	6.31%	1.60%	1.79%	0.84%
TTOP 21Shares FTSE Crypto 10 Index ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TTOP and IBLC in my portfolio?

TTOP and IBLC have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TTOP or IBLC?

On fees, IBLC is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TTOP or IBLC?

IBLC is cheaper with a 0.47% expense ratio, compared with 0.50% for TTOP.

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

IBLC has the higher dividend yield at 5.91%, compared with 0.00% for TTOP.

What is the main difference between TTOP and IBLC?

TTOP tracks FTSE Crypto 10 Select Index, while IBLC tracks ICE FactSet Global Blockchain Technologies Index. They also come from different issuers: 21Shares and iShares. Their fees differ too: 0.50% for TTOP and 0.47% for IBLC.