IBLC
iShares Blockchain and Tech ETF
IBLC tracks an index of global companies that are involved in the development, innovation, and utilisation of blockchain and crypto technologies.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
35.4 M
ASSETS UNDER MGMT
47 bp
EXPENSES
Fund Basics
Fund sponsor | Blackrock |
Category | Global |
Asset class | Equity |
Website | link... |
Inception date | Apr 25, 2022 |
Assets (mns) | $35 |
Expense ratio | 47 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Annually |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Market Cap |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
COINBASE GLOBAL, INC. CLASS A | 14.7 % |
MARATHON DIGITAL HOLDINGS INC | 11.9 % |
CORE SCIENTIFIC, INC. | 8.5 % |
CLEANSPARK, INC. | 7.7 % |
HUT 8 CORP | 5.9 % |
RIOT BLOCKCHAIN INC | 5.3 % |
IRIS ENERGY LTD. | 5.3 % |
TERAWULF INC. | 5.0 % |
CIPHER MINING INC | 3.4 % |
NVIDIA CORP | 3.0 % |
Constituent Breakdown
Number of holdings | 36 |
Herfindahl-Hirschman Index | 719 |
Wgt avg mkt cap (mns) | $58,081 |
Large cap (>$10bn) | 31.1% |
Mid cap ($2-10bn) | 22.7% |
Small cap (<$2bn) | 46.2% |
Developed mkts. | 96.1% |
Emerging mkts. | 3.9% |
Country Exposure
UNITED STATES | 77.1 % | |
CANADA | 7.7 % | |
AUSTRALIA | 5.3 % | |
CHINA | 4.7 % | |
GERMANY | 1.0 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 39.7% | 103.9% | 85.8% | -- | -- | -- | 38.5% | Volatility | 64.2% | 66.5% | 62.7% | -- | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 3.13 | 50% |
MSCI EAFE | 2.21 | 27% |
MSCI Emg Mkts | 1.74 | 18% |
Liquidity Measures
Avg. volume (000) | 26 |
Turnover | 2.7% |
Avg. Bid/Ask (% of price) | 0.28% |
ADV of underlying (mns) | $48,093 |
Technical Indicators
Recent close | $37.31 |
30d moving avg. | $41.83 |
Annualized volatility | 76.5% |
Relative strength (RSI) | 52 |
Short interest (ETF) | 0.9% |
Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. IBLC |
Expenses vs. IBLC |
ALTAR Score™ vs. IBLC |
---|---|---|---|---|
BKCH | Global X Blockchain ETF | 74.3% | +3 bp | -1.4% |
DAPP | VanEck Digital Transformation ETF | 58.9% | +3 bp | -1.2% |
FDIG | Fidelity Crypto Industry and Digital Payments ETF | 56.1% | -8 bp | 0.0% |
BITQ | Bitwise Crypto Industry Innovators ETF | 55.8% | +38 bp | -0.3% |
WGMI | Valkyrie Bitcoin Miners ETF | 53.0% | +28 bp | -5.1% |
GFOF | Grayscale Future of Finance ETF | 50.7% | +23 bp | +1.1% |
CRPT | First Trust SkyBridge Crypto Industry & Digital Economy ETF | 46.3% | +38 bp | +1.8% |
BLOK | Amplify Transformational Data Sharing ETF | 38.0% | +28 bp | +2.4% |
SATO | Invesco Alerian Galaxy Crypto Economy ETF | 35.5% | +14 bp | -0.3% |
BLCN | Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 32.2% | +21 bp | +4.2% |
Risk and Returns: IBLC vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 12/20/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
IBLC
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
IBLC
-1.8%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 374 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.8%. IBLC's ALTAR Score™ is approximately
1.3 standard deviations
below
the category average. This places IBLC in the 10st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IBLCSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based Global Equity ETFs |
# of ETFs | 191 |
Avg. Expense Ratio | 55.4 bp |
Std. Deviation | 17.5 bp |
IBLC (47 bp) Percentile rank | 32 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
IBLC | 47.0 | 27.6 | 74.6 |
Peer Avg. | 57.0 | 39.6 | 96.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .