IBLC vs SPY
iShares Blockchain and Tech ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IBLC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.47% | 0.09% | |
| AUM | $81M | $821.1B | |
| Dividend Yield | 5.71% | 1.01% | |
| Holdings | 52 | 505 | |
| YTD Return | -1.01% | +14.24% | |
| 1Y Return | +8.44% | +21.71% | |
| 3Y Return (annualized) | +34.68% | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | 67.2% | 15.3% | |
| Max Drawdown | -62.5% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Apr 25, 2022 | Jan 22, 1993 |
IBLC vs SPY Performance
iShares Blockchain and Tech ETF (IBLC) is a ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year IBLC returned +8.44% while SPY returned +21.71%. Year to date, IBLC is down 1.01% versus a gain of 14.24% for SPY.
Over three years, IBLC compounded at +34.68% per year against +22.10% for SPY. Across the full 4-year window we track, IBLC has the edge at +18.14% annualized vs +8.86%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IBLC has been the more volatile fund, with annualized monthly volatility of 67.2% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -62.5% for IBLC and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IBLC charges 0.47% per year while SPY charges 0.09%. On a $10,000 position that is $47 vs $9 annually, a gap of $38 per year that compounds over a long holding period. On income, IBLC currently yields 5.71% against 1.01% for SPY.
Holdings Overlap
IBLC and SPY share 8 holdings out of 538 unique holdings combined, representing a 7.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IBLC or SPY?
IBLC has an expense ratio of 0.47% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $38 per year of difference.
Which performed better, IBLC or SPY?
Over the past year IBLC returned +8.44% vs +21.71% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), IBLC annualized +18.14% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, IBLC or SPY?
IBLC has been the more volatile fund at 67.2% annualized versus 15.3% for SPY. Worst drawdown: IBLC -62.5% vs SPY -56.5%.
Should I hold both IBLC and SPY?
IBLC and SPY have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IBLC and SPY?
IBLC and SPY share 8 common holdings with a 7.4% weight overlap. Combined, they hold 538 unique securities.
Which pays a higher dividend, IBLC or SPY?
IBLC yields 5.71% while SPY yields 1.01%, so IBLC currently pays the higher dividend yield.
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