- ISIN
- US38963P1093
- Sector
- Financial Services
- Industry
- Asset Management
Highlights
- Market Cap
- $48.30M
- Enterprise Value
- $48.30M
- Total Revenue (TTM)
- -$61.34M
- Gross Profit (TTM)
- -$60.00M
- EBITDA (TTM)
- -$60.00M
- Year Range
- $1.30 - $5.10
- ROA (TTM)
- -33.15%
- Avg. Volume (1M)
- 83K
- Avg. Volume Value (1M)
- $140.61K
Share Price Chart
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Performance
BCHG Performance Chart
Grayscale Bitcoin Cash Trust (BCHG) is down 64.4% since the beginning of the year. At $2 per share, BCHG is trading 69.9% below its 52-week high of $5. Investors who bought $1,000 worth of BCHG shares 5 years ago would now be looking at an investment worth $335.
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Returns By Period
Grayscale Bitcoin Cash Trust (BCHG) has returned -64.44% so far this year and -62.07% over the past 12 months.
Grayscale Bitcoin Cash Trust
- 1D
- -3.85%
- 1M
- -5.77%
- 6M
- -59.37%
- YTD
- -64.44%
- 1Y
- -62.07%
- 3Y*
- 1.71%
- 5Y*
- -19.63%
- 10Y*
- —
- ALL TIME*
- -39.32%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
BCHG Monthly Returns History
Based on dividend-adjusted daily data since Aug 18, 2020, BCHG's average daily return is +0.13%, while the average monthly return is +6.13%. At this rate, an investment would double in approximately 1.0 years.
Historically, 42% of months were positive and 58% were negative. The best month was Mar 2024 with a return of +316.8%, while the worst month was Aug 2020 at -68.3%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 5 months.
On a daily basis, BCHG closed higher 43% of trading days. The best single day was Aug 20, 2020 with a return of +100.0%, while the worst single day was Aug 18, 2020 at -54.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -12.50% | -14.02% | 3.08% | -6.87% | -32.92% | -29.19% | 3.64% | -64.44% | |||||
| 2025 | -25.81% | -20.15% | -24.10% | 19.76% | 10.72% | 23.32% | 9.59% | -6.67% | 12.72% | -5.01% | -0.52% | 2.73% | -17.71% |
| 2024 | -18.15% | 15.94% | 316.75% | -38.69% | 11.84% | -9.89% | -9.42% | -34.33% | 9.19% | 21.08% | -23.58% | -15.19% | 24.56% |
| 2023 | 83.78% | 19.93% | 4.23% | -3.09% | -1.67% | 200.00% | -38.99% | 0.51% | 19.46% | 6.74% | 21.05% | 83.26% | 1,039.19% |
| 2022 | -35.04% | -0.52% | 39.58% | -23.51% | -39.02% | -39.20% | 52.63% | -26.72% | -4.91% | -7.21% | -25.59% | -33.70% | -87.55% |
| 2021 | -0.73% | 19.39% | -36.07% | 47.59% | -22.10% | -35.86% | -66.79% | 23.14% | -19.50% | 0.22% | -5.49% | -30.91% | -87.96% |
Benchmark Metrics
Grayscale Bitcoin Cash Trust has an annualized alpha of 5.14%, beta of 1.92, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since August 18, 2020.
- This stock participated in 206.40% of S&P 500 Index downside but only -7.25% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.06 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.14%
- Beta
- 1.92
- R²
- 0.06
- Upside Capture
- -7.25%
- Downside Capture
- 206.40%
Return for Risk
Risk / Return Rank
BCHG ranks 6 for risk / return — above 6% of stocks peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Grayscale Bitcoin Cash Trust (BCHG) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BCHG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.33 | ||
| Sortino ratioReturn per unit of downside risk | -3.53 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.25 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 2.00 | -2.88 |
| Martin ratioReturn relative to average drawdown | -1.76 | 8.49 | -10.25 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Grayscale Bitcoin Cash Trust. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Grayscale Bitcoin Cash Trust was 99.36%, occurring on Jan 3, 2023. The portfolio has not yet recovered.
The current Grayscale Bitcoin Cash Trust drawdown is 97.27%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-99.36%Jan 2023 | 2y 16d | — | 5y 7moDec 2020 - now | — |
-85.47%Oct 2020 | 1mo 18d | 1mo 20d | 3mo 8dAug 2020 - Nov 2020 | — |
-34.79%Dec 2020 | 5d | 7d | 12dDec 2020 - Dec 2020 | — |
-24.80%Nov 2020 | 2d | 6d | 8dNov 2020 - Dec 2020 | — |
Drawdown Indicators
| BCHG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.36% | -56.78% | -42.58% |
Max Drawdown (1Y)Largest decline over 1 year | -72.98% | -9.10% | -63.88% |
Max Drawdown (3Y)Largest decline over 3 years | -93.81% | -18.90% | -74.91% |
Max Drawdown (5Y)Largest decline over 5 years | -94.67% | -25.43% | -69.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -97.27% | -1.58% | -95.69% |
Average DrawdownAverage peak-to-trough decline | -87.13% | -10.70% | -76.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.29% | 2.14% | +34.15% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Financials
Financial Performance
The chart below illustrates the trends in the financial health of Grayscale Bitcoin Cash Trust over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.
Valuation
The Valuation section provides an overview of how Grayscale Bitcoin Cash Trust is priced in the market compared to other companies in the Asset Management industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.
Income Statement
| TTM | |
|---|---|
Revenue | |
Total Revenue | — |
Cost Of Revenue | — |
Gross Profit | — |
Operating Expenses | |
Selling, General & Admin Expenses | — |
R&D Expenses | — |
Depreciation And Amortization | — |
Total Operating Expenses | — |
Income | |
Income Before Tax | — |
Operating Income | — |
EBITDA | — |
EBIT | — |
Earnings From Continuing Operations | — |
Net Income | — |
Income Tax Expense | — |
Other Non-Operating Income (Expenses) | — |
Extraordinary Items | — |
Discontinued Operations | — |
Effect Of Accounting Charges | — |
Non Recurring | — |
Minority Interest | — |
Other Items | — |
Interest Income | — |
Interest Expense | — |
Net Interest Income | — |
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