BCCC vs. BTOP

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Bitcoin Covered Call ETF (BCCC) and Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP).

BCCC and BTOP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BCCC is an actively managed fund by Global X. It was launched on Jun 3, 2025. BTOP is an actively managed fund by Bitwise. It was launched on Sep 29, 2023.

Performance

BCCC vs. BTOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Bitcoin Covered Call ETF (BCCC) and Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP). The values are adjusted to include any dividend payments, if applicable.

BCCC vs. BTOP - Yearly Performance Comparison

	2026 (YTD)	2025
BCCC Global X Bitcoin Covered Call ETF	-18.37%	-7.14%
BTOP Bitwise Bitcoin And Ether Equal Weight Strategy ETF	-1.53%	-10.44%

Returns By Period

In the year-to-date period, BCCC achieves a -18.37% return, which is significantly lower than BTOP's -1.53% return.

BCCC

• 1D: 1.12%
• 1M: 4.09%
• YTD: -18.37%
• 6M: -31.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTOP

• 1D: -0.02%
• 1M: 1.80%
• YTD: -1.53%
• 6M: -18.59%
• 1Y: 12.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCCC vs. BTOP - Expense Ratio Comparison

BCCC has a 0.75% expense ratio, which is lower than BTOP's 0.90% expense ratio.

BTOP

Bitwise Bitcoin And Ether Equal Weight Strategy ETF

BCCC

Global X Bitcoin Covered Call ETF

Return for Risk

BCCC vs. BTOP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTOP

BTOP Risk / Return Rank: 23
BTOP Sharpe Ratio Rank: 23
BTOP Sortino Ratio Rank: 28
BTOP Omega Ratio Rank: 30
BTOP Calmar Ratio Rank: 20
BTOP Martin Ratio Rank: 16

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.

BCCC vs. BTOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Bitcoin Covered Call ETF (BCCC) and Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BCCC	BTOP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.79	0.63	-1.42

Correlation

The correlation between BCCC and BTOP is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BCCC vs. BTOP - Dividend Comparison

BCCC's dividend yield for the trailing twelve months is around 51.39%, more than BTOP's 2.42% yield.

	TTM	2025	2024	2023
BCCC Global X Bitcoin Covered Call ETF	51.39%	29.55%	0.00%	0.00%
BTOP Bitwise Bitcoin And Ether Equal Weight Strategy ETF	2.42%	2.38%	59.44%	5.82%

Drawdowns

BCCC vs. BTOP - Drawdown Comparison

The maximum BCCC drawdown since its inception was -41.62%, roughly equal to the maximum BTOP drawdown of -43.37%. Use the drawdown chart below to compare losses from any high point for BCCC and BTOP.

Drawdown Indicators

	BCCC	BTOP	Difference
Max Drawdown Largest peak-to-trough decline	-41.62%	-43.37%	+1.75%
Max Drawdown (1Y) Largest decline over 1 year	—	-31.35%	—
Current Drawdown Current decline from peak	-34.76%	-30.53%	-4.23%
Average Drawdown Average peak-to-trough decline	-14.24%	-18.75%	+4.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	19.23%	—

Volatility

Volatility by Period

	BCCC	BTOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.92%	—
Volatility (1Y) Calculated over the trailing 1-year period	36.66%	36.50%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.66%	47.21%	-10.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.66%	47.21%	-10.55%