BCCC vs. BTC-USD
BCCC (Global X Bitcoin Covered Call ETF) is Cryptocurrency fund actively managed by Global X, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, BCCC returned -34.03% vs -45.60% for BTC-USD. A 0.71 correlation means they provide meaningful diversification when combined.
Performance
BCCC vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, BCCC achieves a -22.30% return, which is significantly higher than BTC-USD's -26.96% return.
BCCC
- 1D
- 0.25%
- 1M
- 1.59%
- 6M
- -24.48%
- YTD
- -22.30%
- 1Y
- -34.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- 0.21%
- 1M
- 0.58%
- 6M
- -29.67%
- YTD
- -26.96%
- 1Y
- -45.60%
- 3Y*
- 26.63%
- 5Y*
- 14.32%
- 10Y*
- 57.94%
BCCC vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BCCC Global X Bitcoin Covered Call ETF | -22.30% | -7.02% |
BTC-USD Bitcoin | -26.96% | -17.02% |
Correlation
The correlation between BCCC and BTC-USD is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025 | 0.71 |
The correlation between BCCC and BTC-USD has been stable across timeframes, ranging from 0.71 to 0.71 - a consistent structural relationship.
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Return for Risk
BCCC vs. BTC-USD — Risk / Return Rank
BCCC
BTC-USD
BCCC vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Bitcoin Covered Call ETF (BCCC) and Bitcoin (BTC-USD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BCCC | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.84 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.86 | +0.08 |
| Martin ratioReturn relative to average drawdown | -1.34 | -1.40 | +0.06 |
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Drawdowns
BCCC vs. BTC-USD - Drawdown Comparison
The maximum BCCC drawdown since its inception was -41.79%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for BCCC and BTC-USD.
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Drawdown Indicators
| BCCC | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.79% | -85.30% | +43.51% |
Max Drawdown (1Y)Largest decline over 1 year | -41.79% | -53.08% | +11.29% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -37.90% | -48.76% | +10.86% |
Average DrawdownAverage peak-to-trough decline | -18.82% | -42.54% | +23.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.46% | 29.22% | -4.76% |
Volatility
BCCC vs. BTC-USD - Volatility Comparison
The current volatility for Global X Bitcoin Covered Call ETF (BCCC) is 7.93%, while Bitcoin (BTC-USD) has a volatility of 8.77%. This indicates that BCCC experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCCC | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.93% | 8.77% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 29.17% | 34.92% | -5.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.57% | 35.53% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.79% | 43.94% | -9.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.79% | 56.32% | -21.53% |
Frequently Asked Questions
BCCC and BTC-USD have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (8.77%) compared to BCCC (7.93%). In terms of maximum drawdown, BCCC dropped -41.79% vs BTC-USD's -85.30%.
BCCC currently has the higher Sharpe Ratio (-0.92 vs -1.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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