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ISIN
US38963P1093

Highlights

Total Revenue (TTM)
-$61.34M
Gross Profit (TTM)
-$60.00M
EBITDA (TTM)
-$60.00M
Year Range
$1.43 - $5.10
ROA (TTM)
-33.15%

Share Price Chart


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Performance

BCHG Performance Chart

Grayscale Bitcoin Cash Trust (BCHG) is down 66.0% since the beginning of the year. At $1 per share, BCHG is trading 71.2% 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 $106.


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S&P 500 Index

Returns By Period

Grayscale Bitcoin Cash Trust (BCHG) has returned -65.97% so far this year and -58.24% over the past 12 months.


Grayscale Bitcoin Cash Trust

1D
0.00%
1M
-44.00%
YTD
-65.97%
6M
-66.48%
1Y
-58.24%
3Y*
4.18%
5Y*
-36.17%
10Y*

Benchmark (S&P 500 Index)

1D
-0.37%
1M
-0.01%
YTD
9.16%
6M
8.64%
1Y
25.22%
3Y*
19.78%
5Y*
11.99%
10Y*
13.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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 +6.16%. At this rate, an investment would double in approximately 1.0 years.

Historically, 41% of months were positive and 59% 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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026-12.50%-14.02%3.08%-6.87%-32.92%-29.77%-65.97%
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%
202383.78%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 4.24%, 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 205.20% 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
4.24%
Beta
1.92
0.06
Upside Capture
-7.25%
Downside Capture
205.20%

Return for Risk

Risk / Return Rank

BCHG ranks 8 for risk / return — in the bottom 8% of stocks on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.


BCHG Risk / Return Rank: 88
Overall Rank
BCHG Sharpe Ratio Rank: 99
Sharpe Ratio Rank
BCHG Sortino Ratio Rank: 99
Sortino Ratio Rank
BCHG Omega Ratio Rank: 1111
Omega Ratio Rank
BCHG Calmar Ratio Rank: 1010
Calmar Ratio Rank
BCHG Martin Ratio Rank: 11
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by 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.


BCHGBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-2.86

Sortino ratioReturn per unit of downside risk

-4.02

Omega ratioGain probability vs. loss probability

0.86

1.37

-0.51

Calmar ratioReturn relative to maximum drawdown

-0.83

2.78

-3.61

Martin ratioReturn relative to average drawdown

-2.05

12.44

-14.49

Dividends

Dividend History


Grayscale Bitcoin Cash Trust doesn't pay dividends

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 97.39%.


Related event

Drawdown

Fall

Recovery

Underwater

2023 bear market2023
-99.36%Jan 2023
2y 16d
5y 6moDec 2020 - now
2020 bear market2020
-85.47%Oct 2020
1mo 18d1mo 20d
3mo 8dAug 2020 - Nov 2020
2020 bear market2020
-34.79%Dec 2020
5d7d
12dDec 2020 - Dec 2020
2020 bear market2020
-24.80%Nov 2020
2d6d
8dNov 2020 - Dec 2020

Drawdown Indicators


BCHGBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-99.36%

-56.78%

-42.58%

Max Drawdown (1Y)

Largest decline over 1 year

-70.36%

-9.10%

-61.26%

Max Drawdown (3Y)

Largest decline over 3 years

-93.21%

-18.90%

-74.31%

Max Drawdown (5Y)

Largest decline over 5 years

-97.85%

-25.43%

-72.42%

Max Drawdown (10Y)

Largest decline over 10 years

-33.92%

Current Drawdown

Current decline from peak

-97.39%

-1.80%

-95.59%

Average Drawdown

Average peak-to-trough decline

-86.94%

-10.71%

-76.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

28.45%

2.03%

+26.42%

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.


Annual
Quarterly

0.0

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

Values in undefined except per share items
Portfolio Analyzer

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