XRPZ vs. BLCN

Last updated Jul 30, 2026

XRPZ (Franklin XRP ETF) and BLCN (Siren ETF Trust Siren Nasdaq NexGen Economy ETF) are both exchange-traded funds - XRPZ is a Blockchain fund tracking the CME CF XRP-Dollar Reference Rate - New York Variant, while BLCN is a Large Cap Blend Equities fund tracking the Siren NASDAQ Blockchain Economy Index. Both are passively managed. Their 0.38 correlation means their historical movements had little consistent relationship. XRPZ charges 0.19%/yr vs 0.68%/yr for BLCN.

Performance

XRPZ vs. BLCN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin XRP ETF (XRPZ) 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, XRPZ achieves a -41.64% return, which is significantly lower than BLCN's 1.35% return.

XRPZ

• 1D: 1.04%
• 1M: -0.34%
• 6M: -44.24%
• YTD: -41.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BLCN

• 1D: 0.00%
• 1M: -3.39%
• 6M: -3.68%
• YTD: 1.35%
• 1Y: 3.20%
• 3Y*: 2.06%
• 5Y*: -10.83%
• 10Y*: —
• ALL TIME*: 1.13%

*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)
XRPZ Franklin XRP ETF	$2.62M	$2.73M	$3.51M

XRPZ vs. BLCN - Yearly Performance Comparison

	2026 (YTD)	2025
XRPZ Franklin XRP ETF	-41.64%	-11.90%
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF	1.35%	4.52%

Correlation

The correlation between XRPZ and BLCN is 0.38, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 24, 2025	0.38

Return for Risk

XRPZ vs. BLCN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin XRP ETF (XRPZ) 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.

	XRPZ	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

XRPZ vs. BLCN - Drawdown Comparison

The maximum XRPZ drawdown since its inception was -55.39%, smaller than the maximum BLCN drawdown of -67.51%. Use the drawdown chart below to compare losses from any high point for XRPZ and BLCN.

Drawdown Indicators

	XRPZ	BLCN	Difference
Max Drawdown Largest peak-to-trough decline	-55.39%	-67.51%	+12.12%
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	-53.80%	-50.81%	-2.99%
Average Drawdown Average peak-to-trough decline	-34.90%	-30.52%	-4.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	14.43%	—

Volatility

Volatility by Period

	XRPZ	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	69.70%	37.43%	+32.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.70%	35.38%	+34.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.70%	31.34%	+38.36%

XRPZ vs. BLCN - Expense Ratio Comparison

XRPZ has a 0.19% expense ratio, which is lower than BLCN's 0.68% expense ratio.

Dividends

XRPZ vs. BLCN - Dividend Comparison

Neither XRPZ 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%
XRPZ Franklin XRP 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 XRPZ and BLCN in my portfolio?

XRPZ and BLCN have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XRPZ or BLCN?

On fees, XRPZ is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XRPZ or BLCN?

XRPZ is cheaper with a 0.19% expense ratio, compared with 0.68% for BLCN.

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

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

What is the main difference between XRPZ and BLCN?

XRPZ is categorized as Blockchain, while BLCN is Large Cap Blend Equities. XRPZ tracks CME CF XRP-Dollar Reference Rate - New York Variant, while BLCN tracks Siren NASDAQ Blockchain Economy Index. They also come from different issuers: Franklin and SRN Advisors. Their fees differ too: 0.19% for XRPZ and 0.68% for BLCN.