Highlights
- Total Revenue (TTM)
- -$61.34M
- Gross Profit (TTM)
- -$60.00M
- EBITDA (TTM)
- -$60.00M
- Year Range
- $2.15 - $5.10
- ROA (TTM)
- -25.89%
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Grayscale Bitcoin Cash Trust, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Grayscale Bitcoin Cash Trust (BCHG) has returned -22.45% so far this year and 41.92% over the past 12 months.
Grayscale Bitcoin Cash Trust
- 1D
- 1.82%
- 1M
- 3.08%
- YTD
- -22.45%
- 6M
- -24.72%
- 1Y
- 41.92%
- 3Y*
- 57.96%
- 5Y*
- -28.89%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Aug 18, 2020, BCHG's average daily return is +0.23%, while the average monthly return is +8.01%. At this rate, your investment would double in approximately 0.7 years.
Historically, 43% of months were positive and 57% were negative. The best month was Mar 2024 with a return of +316.8%, while the worst month was Jul 2021 at -66.8%. 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 21, 2020 at -45.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -12.50% | -14.02% | 3.08% | -22.45% | |||||||||
| 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 38.57%, beta of 1.92, and R² of 0.06 versus S&P 500 Index. Calculated based on daily prices since August 19, 2020.
- This stock participated in 192.14% of S&P 500 Index downside but only 63.52% 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
- 38.57%
- Beta
- 1.92
- R²
- 0.06
- Upside Capture
- 63.52%
- Downside Capture
- 192.14%
Return for Risk
Risk / Return Rank
BCHG ranks 59 for risk / return — on par with similar stocks. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Grayscale Bitcoin Cash Trust (BCHG) and compare them to a chosen benchmark (S&P 500 Index).
| BCHG | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.55 | 0.90 | -0.34 |
Sortino ratioReturn per unit of downside risk | 1.36 | 1.39 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.21 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.67 | 1.40 | -0.73 |
Martin ratioReturn relative to average drawdown | 1.54 | 6.61 | -5.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore BCHG risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
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 94.05%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -99.36% | Dec 18, 2020 | 513 | Jan 3, 2023 | — | — | — |
| -82.56% | Aug 21, 2020 | 31 | Oct 5, 2020 | 35 | Nov 23, 2020 | 66 |
| -34.79% | Dec 4, 2020 | 4 | Dec 9, 2020 | 5 | Dec 16, 2020 | 9 |
| -24.8% | Nov 25, 2020 | 2 | Nov 27, 2020 | 4 | Dec 3, 2020 | 6 |
| -8.42% | Aug 19, 2020 | 1 | Aug 19, 2020 | 1 | Aug 20, 2020 | 2 |
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 | — |