IBLC vs SPY
iShares Blockchain and Tech ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, IBLC or SPY?
Multi Alternative against Large Cap Blend.
SPY has a lower expense ratio. IBLC led over 3Y and the full window, SPY over 1Y. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 66.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IBLC | SPY |
|---|---|---|
| Expense Ratio | 0.47% | 0.09%Best |
| AUM | $82M | $804.7B |
| Dividend Yield | 5.58% | 0.98% |
| Holdings | 52 | 505 |
| YTD Return | +4.82% | +11.52%Best |
| 1Y Return | +1.02% | +17.48%Best |
| 3Y Return (annualized) | +42.58%Best | +20.62% |
| 5Y Return (annualized) | - | +12.73% |
| Volatility (annualized) | 66.6% | 15.2%Best |
| Max Drawdown | -62.5% | -18.8%Best |
| $10,000 over 4.4 years | $21,786Best | $19,323 |
| Top 10 Weight | 66.4% | 38.0%Best |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Apr 25, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 4.4 years row, are measured over the window both funds cover: Apr 27, 2022 to Sep 10, 2026 (4.4 years).
IBLC vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.4 years both funds cover.
IBLC vs SPY Performance
iShares Blockchain and Tech ETF (IBLC) is an ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year IBLC returned +1.02% while SPY returned +17.48%. Year to date, IBLC is up 4.82% versus a gain of 11.52% for SPY.
Over three years, IBLC compounded at +42.58% per year against +20.62% for SPY. Across the full 4-year window we track, IBLC has the edge at +19.36% annualized vs +16.15%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IBLC has been the more volatile fund, with annualized monthly volatility of 66.6% compared with 15.2% 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 -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.73. 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 5.58% against 0.98% for SPY.
Holdings Overlap
36.1% of IBLC's money is in holdings SPY also owns. 10.3% of SPY's money is in holdings IBLC also owns.
The two portfolios partly overlap.
8 positions in common, counted across the 41 positions we hold weights for in IBLC and 504 in SPY, against full books of 52 and 505.
What only one of them owns
Our book lists 486 positions for SPY that do not appear in our book for IBLC (89.2% of the fund), and 22 for IBLC that do not appear in SPY (46.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IBLC | Weight in SPY | Difference |
|---|---|---|---|
| COINCoinbase Global, Inc. | 15.80% | 0.05% | 15.75% |
| NVDANvidia Corp. | 4.59% | 7.71% | 3.12% |
| MAMastercard Inc | 5.12% | 0.69% | 4.43% |
| AMDAdvanced Micro Devices Inc. | 4.31% | 1.27% | 3.04% |
| IBMInternational Business Machines Corp. | 3.50% | 0.33% | 3.17% |
| HOODRobinhood Markets Inc - A | 1.33% | 0.11% | 1.22% |
| PYPLPaypal Holdings Inc | 0.77% | 0.08% | 0.69% |
| SQBlock, Inc | 0.71% | 0.07% | 0.64% |
36.1% of IBLC is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $38 a year on a $10,000 investment.
Which performed better, IBLC or SPY?
Over the past year IBLC returned +1.02% vs +17.48% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), IBLC annualized +19.36% vs +16.15% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IBLC or SPY?
IBLC has been the more volatile fund at 66.6% annualized versus 15.2% for SPY. Worst drawdown: IBLC -62.5% vs SPY -18.8%.
Should I hold both IBLC and SPY?
IBLC and SPY have a monthly-return correlation of 0.73, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IBLC and SPY?
36.1% of IBLC's money is in holdings SPY also owns. 10.3% of SPY's is in holdings IBLC also owns. They hold 8 positions in common, counted across the 41 positions we hold weights for in IBLC and 504 in SPY.
Which pays a higher dividend, IBLC or SPY?
IBLC yields 5.58% while SPY yields 0.98%, so IBLC currently pays the higher dividend yield.
Is SPY better than IBLC?
SPY has a lower expense ratio. IBLC led over 3Y and the full window, SPY over 1Y. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 66.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.