Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

BLCK vs OWNB: which is really different?

BLCK and OWNB hold 29% of their weight in the same names.

Corgi Crypto Infrastructure ETF and Bitwise Bitcoin Standard Corporations ETF.

23.3%BLCK in the S&P 500
5.2%OWNB in the S&P 500
−9.7%BLCK total return, 1 year
−35.2%OWNB total return, 1 year

ETFIQ Off-Index Score: BLCK scores higher

How much of it is not the index it is sold as an alternative to?

BLCK 69.3OWNB 51.70.1, the lowest in this set91.8, the highest

A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed

BLCK77% of its weight is outside the S&P 500 · 3 months to Sep 18, 2026
23%77%in the S&P 500of its weight outside the S&P 500active share 100% · top ten 51% of the fund · 34 holdings filed Sep 18, 2026 · Nasdaq-100: 3% in23%77%inoutside the S&P 500active share 100% · top ten 51% of the fund
OWNB95% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
5%95%inof its weight outside the S&P 500active share 98% · top ten 66% of the fund · 26 holdings filed Jun 30, 2026 · Nasdaq-100: 18% in5%95%5% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 98% · top ten 66% of the fund

29% of the two portfolios are the same securities at the same weight.

What they hold in common

By the books each fund has filed, BLCK and OWNB hold 29% of their money in the same securities at the same weight.

Positions BLCK and OWNB both hold, largest shared weight first
HoldingBLCKOWNB
HUT 8 CORP4.93%5.02%
Riot Platforms Inc4.74%5.49%
MARA Holdings Inc3.80%9.16%
Cleanspark Inc3.41%4.62%
Bullish2.51%4.30%
Block Inc1.85%1.82%
Cipher Digital Inc3.95%1.80%
Galaxy Digital Inc3.27%1.77%
Gemini Space Station Inc2.32%1.66%
Coinbase Global Inc7.88%1.58%
Bitgo Holdings Inc1.14%1.79%
Only in each
Only in BLCKOnly in OWNB
Circle Internet Group Inc 5.94%STRATEGY INC 15.79%
BitMine Immersion Technologies Inc 5.58%TWENTY ONE CAPITAL INC 6.41%
Robinhood Markets Inc 4.96%METAPLANET INC 5.88%
CME Group Inc 4.74%REMIXPOINT INC 4.94%
IREN Ltd 4.44%EMPERY DIGITAL INC 4.57%
Figure Technology Solutions Inc 4.21%AMERICAN BITCOIN CORP 3.63%
Terawulf Inc 3.25%BOYAA INTERACTIVE INTERNATIONAL LTD 3.58%
Bitdeer Technologies Group 2.86%BLOCKCHAIN GROUP (THE) 3.58%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 18, 2026.

Performance, window by window

BLCK and OWNB over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnvs the S&P 500vs the Nasdaq-100
BLCKOWNBBLCKOWNBBLCKOWNB
3 months−6.1%+12.4%−8.3 pts+10.2 pts−3.6 pts+14.9 pts
6 monthsnot published+33.2%not published+15.2 ptsnot published+9.0 pts
1 yearnot published−35.2%not published−51.8 ptsnot published−57.0 pts
Since launch−9.7%+2.1%−14.0 pts−37.6 pts−13.5 pts−52.0 pts
Open the live comparison on ETFIQ
BLCK and OWNB on the same fields, as of Sep 18, 2026. Source: ETFIQ.
BLCK
Corgi Crypto Infrastructure ETF
Holds 34 stocks in blockchain and crypto equities, 23% of its weight in S&P 500 companies
OWNB
Bitwise Bitcoin Standard Corporations ETF
Holds 26 stocks in blockchain and crypto equities, 5% of its weight in S&P 500 companies
IssuerCorgiBitwise
ThemeBlockchain and crypto equitiesBlockchain and crypto equities
In the S&P 50023.3%5.2%
Active share vs the S&P 50099.5%98.1%
In the Nasdaq-1002.6%17.6%
Holdings3426
Top ten, share of the fund51.4%66.2%
Expense ratio0.35%0.85%
Fee for the differing part0.35%0.87%
Total return, 1 year−9.7% (since launch on May 6, 2026)−35.2%
vs the S&P 500−14.0 pts−51.8 pts
vs the Nasdaq-100−13.5 pts−57.0 pts
Below its high−10.4%−40.4%
Net assets$512,649$19m

BLCK in plain words

By weight, 23% of BLCK's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 51% of the fund across 34 positions, as published by its issuer for Sep 18, 2026. Since it launched on May 6, 2026 the fund returned −9.7% with distributions reinvested against +4.3% for the S&P 500, so a holder was behind by 14.0 pts. It sits 10.4% below its all-time high of May 14, 2026.

OWNB in plain words

By weight, 5% of OWNB's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 66% of the fund across 26 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned −35.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 51.8 pts. It sits 40.4% below its all-time high of Oct 15, 2025.

Questions people ask

Do BLCK and OWNB hold the same stocks?
By their latest filings, 29% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, BLCK or OWNB?
BLCK has 23% of its weight in S&P 500 names and OWNB has 5%, so BLCK differs more from the index.
Which is cheaper, BLCK or OWNB?
BLCK charges 0.35% a year and OWNB charges 0.85%, so BLCK is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

BLCK against OWNB, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, BLCK against OWNB, data as of Sep 18, 2026. https://etfiq.com/compare/themes/blck-vs-ownb Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources