Data as of .
IBLC vs WGMI: which is really different?
IBLC and WGMI hold 39% of their weight in the same names, and WGMI returned more over the year.
ETFIQ Off-Index Score: WGMI scores higher
How much of it is not the index it is sold as an alternative to?
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
39% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, IBLC and WGMI hold 39% of their money in the same securities at the same weight.
| Holding | IBLC | WGMI |
|---|---|---|
| IREN | 9.39% | 10.09% |
| HUT CORP | 6.49% | 10.81% |
| RIOT PLATFORMS | 4.88% | 4.93% |
| CIPHER DIGITAL INC | 3.69% | 18.17% |
| APPLIED DIGITAL | 4.37% | 2.95% |
| MARA HOLDINGS | 2.95% | 4.78% |
| CORE SCIENTIFIC INC | 3.26% | 2.85% |
| TERAWULF | 3.51% | 2.83% |
| CLEANSPARK | 2.11% | 4.60% |
| NVIDIA | 3.76% | 2.02% |
| KEEL INFRASTRUCTURE CORP | 1.46% | 10.74% |
| BITDEER TECHNOLOGIES GROUP CLASS A | 1.11% | 4.69% |
| Only in IBLC | Only in WGMI |
|---|---|
| COINBASE GLOBAL INC CLASS A 12.29% | ChronoScale Corp 2.17% |
| CIRCLE INTERNET GROUP INC CLASS A 10.36% | Nebius Group NV 2.00% |
| ADVANCED MICRO DEVICES 4.56% | Whitefiber Inc 1.90% |
| MASTERCARD CLASS A 3.80% | CoreWeave Inc 0.88% |
| TENCENT HOLDINGS 3.68% | AirJoule Technologies Corp 0.68% |
| INTERNATIONAL BUSINESS MACHINES 3.33% | TSMC 0.67% |
| IONIC DIGITAL INC CLASS A 2.02% | Block Inc 0.52% |
| ROBINHOOD MARKETS CLASS A 1.40% | Cango Inc/KY 0.10% |
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
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| IBLC | WGMI | IBLC | WGMI | IBLC | WGMI | |
| 3 months | −7.8% | −31.4% | −10.0 pts | −33.6 pts | −5.3 pts | −28.9 pts |
| 6 months | +23.1% | +31.4% | +5.1 pts | +13.3 pts | −1.1 pts | +7.1 pts |
| 1 year | −3.5% | +20.4% | −20.1 pts | +3.9 pts | −25.3 pts | −1.3 pts |
| 3 years | +212.2% | +380.3% | +133.8 pts | +301.9 pts | +114.0 pts | +282.1 pts |
| Since launch | +131.6% | +84.0% | +37.7 pts | +4.0 pts | −2.2 pts | −22.5 pts |
| IBLC iShares Blockchain and Tech ETF Holds 50 stocks in blockchain and crypto equities, 35% of its weight in S&P 500 companies | WGMI CoinShares Bitcoin Mining ETF Holds 27 stocks in blockchain and crypto equities, 2% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | iShares | CoinShares |
| Theme | Blockchain and crypto equities | Blockchain and crypto equities |
| In the S&P 500 | 35.2% | 2.5% |
| Active share vs the S&P 500 | 92.7% | 97.9% |
| In the Nasdaq-100 | 10.2% | 2.0% |
| Holdings | 50 | 27 |
| Top ten, share of the fund | 65.9% | 77.4% |
| Expense ratio | 0.47% | 0.75% |
| Fee for the differing part | 0.51% | 0.77% |
| Total return, 1 year | −3.5% | +20.4% |
| vs the S&P 500 | −20.1 pts | +3.9 pts |
| vs the Nasdaq-100 | −25.3 pts | −1.3 pts |
| Below its high | −20.7% | −31.4% |
| Net assets | $89m | $344m |
IBLC in plain words
By weight, 35% of IBLC's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 93%. The top ten holdings are 66% of the fund across 50 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned −3.5% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 20.1 pts. It sits 20.7% below its all-time high of Oct 15, 2025.
WGMI in plain words
By weight, 2% of WGMI'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 77% of the fund across 27 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned +20.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 3.9 pts. It sits 31.4% below its all-time high of Jun 18, 2026.
Questions people ask
- Do IBLC and WGMI hold the same stocks?
- By their latest filings, 39% 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, IBLC or WGMI?
- IBLC has 35% of its weight in S&P 500 names and WGMI has 2%, so WGMI differs more from the index.
- Which is cheaper, IBLC or WGMI?
- IBLC charges 0.47% a year and WGMI charges 0.75%, so IBLC 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.
Cite this page. ETFIQ, IBLC against WGMI, data as of Sep 18, 2026. https://etfiq.com/compare/themes/iblc-vs-wgmi Free to use with attribution; the underlying files are at Open data.