BCDF vs. VTI
BCDF (Horizon Kinetics Blockchain Development ETF) and VTI (Vanguard Total Stock Market ETF) are both exchange-traded funds - BCDF is a Cryptocurrency fund actively managed by Horizon, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. BCDF is actively managed, while VTI is passively managed. Over the past 3 years, BCDF returned 15.30%/yr vs 20.38%/yr for VTI. Their 0.64 correlation means they have sometimes moved together and sometimes differently. BCDF charges 0.85%/yr vs 0.03%/yr for VTI.
Performance
BCDF vs. VTI - Performance Comparison
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Returns By Period
In the year-to-date period, BCDF achieves a 6.93% return, which is significantly lower than VTI's 12.18% return.
BCDF
- 1D
- 0.77%
- 1M
- 6.12%
- 6M
- 3.41%
- YTD
- 6.93%
- 1Y
- 6.47%
- 3Y*
- 15.30%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.62%
VTI
- 1D
- 1.53%
- 1M
- 1.38%
- 6M
- 9.81%
- YTD
- 12.18%
- 1Y
- 23.70%
- 3Y*
- 20.38%
- 5Y*
- 12.06%
- 10Y*
- 14.66%
- ALL TIME*
- 9.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $17.03K | $19.91K | $42.03K | |
| $1.08B | $1.16B | $1.24B |
BCDF vs. VTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BCDF Horizon Kinetics Blockchain Development ETF | 6.93% | 11.63% | 14.87% | 24.99% | -21.71% |
VTI Vanguard Total Stock Market ETF | 12.18% | 17.10% | 23.81% | 26.05% | -6.24% |
Correlation
The correlation between BCDF and VTI is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2022 | 0.64 |
Over the past year, the correlation between BCDF and VTI has dropped to 0.44 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.
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Return for Risk
BCDF vs. VTI — Risk / Return Rank
BCDF
VTI
BCDF vs. VTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Blockchain Development ETF (BCDF) and Vanguard Total Stock Market ETF (VTI). 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.
| BCDF | VTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.32 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 2.67 | -2.21 |
| Martin ratioReturn relative to average drawdown | 1.46 | 11.50 | -10.05 |
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Drawdowns
BCDF vs. VTI - Drawdown Comparison
The maximum BCDF drawdown since its inception was -27.70%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for BCDF and VTI.
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Drawdown Indicators
| BCDF | VTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.70% | -55.45% | +27.75% |
Max Drawdown (1Y)Largest decline over 1 year | -14.02% | -8.92% | -5.10% |
Max Drawdown (3Y)Largest decline over 3 years | -14.02% | -19.30% | +5.28% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.00% | — |
Current DrawdownCurrent decline from peak | -4.32% | 0.00% | -4.32% |
Average DrawdownAverage peak-to-trough decline | -9.75% | -7.98% | -1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 2.07% | +2.39% |
Volatility
BCDF vs. VTI - Volatility Comparison
The current volatility for Horizon Kinetics Blockchain Development ETF (BCDF) is 2.45%, while Vanguard Total Stock Market ETF (VTI) has a volatility of 3.78%. This indicates that BCDF experiences smaller price fluctuations and is considered to be less risky than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCDF | VTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.45% | 3.78% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 11.22% | 10.33% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.10% | 13.08% | +2.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 17.53% | -0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.86% | 18.31% | -1.45% |
BCDF vs. VTI - Expense Ratio Comparison
BCDF has a 0.85% expense ratio, which is higher than VTI's 0.03% expense ratio.
Dividends
BCDF vs. VTI - Dividend Comparison
BCDF's dividend yield for the trailing twelve months is around 2.36%, more than VTI's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCDF Horizon Kinetics Blockchain Development ETF | 2.36% | 2.53% | 1.63% | 0.69% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTI Vanguard Total Stock Market ETF | 1.04% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
Frequently Asked Questions
BCDF and VTI have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTI has higher volatility (3.78%) compared to BCDF (2.45%). In terms of maximum drawdown, BCDF dropped -27.70% vs VTI's -55.45%.
On 3-year performance, VTI leads with 20.38% vs 15.30% for BCDF. On fees, VTI is cheaper at 0.03% per year. On volatility, BCDF has been the lower-risk option at 2.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VTI has performed better with a 20.38% return vs 15.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTI is cheaper with a 0.03% expense ratio, compared with 0.85% for BCDF.
BCDF has the higher dividend yield at 2.36%, compared with 1.04% for VTI.
BCDF is categorized as Cryptocurrency, while VTI is Large Cap Blend Equities. They also come from different issuers: Horizon and Vanguard. Their fees differ too: 0.85% for BCDF and 0.03% for VTI.
VTI currently has the higher Sharpe Ratio (1.82 vs 0.43), 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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