BCHG vs. INDEX
Compare and contrast key facts about Grayscale Bitcoin Cash Trust (BCHG) and Index Funds S&P 500 Equal Weight (INDEX).
INDEX is managed by Fidelity. It was launched on Mar 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BCHG or INDEX.
Correlation
The correlation between BCHG and INDEX is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BCHG vs. INDEX - Performance Comparison
Key characteristics
BCHG:
-0.07
INDEX:
1.67
BCHG:
0.97
INDEX:
2.26
BCHG:
1.10
INDEX:
1.31
BCHG:
-0.11
INDEX:
2.56
BCHG:
-0.17
INDEX:
10.20
BCHG:
59.69%
INDEX:
2.11%
BCHG:
137.16%
INDEX:
12.88%
BCHG:
-99.36%
INDEX:
-38.82%
BCHG:
-94.56%
INDEX:
-2.10%
Returns By Period
In the year-to-date period, BCHG achieves a -41.71% return, which is significantly lower than INDEX's 2.39% return.
BCHG
-41.71%
-31.24%
-53.64%
-11.05%
N/A
N/A
INDEX
2.39%
-1.07%
6.63%
18.82%
11.55%
N/A
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Risk-Adjusted Performance
BCHG vs. INDEX — Risk-Adjusted Performance Rank
BCHG
INDEX
BCHG vs. INDEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Cash Trust (BCHG) and Index Funds S&P 500 Equal Weight (INDEX). 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.
Dividends
BCHG vs. INDEX - Dividend Comparison
BCHG has not paid dividends to shareholders, while INDEX's dividend yield for the trailing twelve months is around 1.31%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
BCHG Grayscale Bitcoin Cash Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
INDEX Index Funds S&P 500 Equal Weight | 1.31% | 1.34% | 1.56% | 1.21% | 1.09% | 1.53% | 1.61% | 1.82% | 1.15% | 1.15% | 1.19% |
Drawdowns
BCHG vs. INDEX - Drawdown Comparison
The maximum BCHG drawdown since its inception was -99.36%, which is greater than INDEX's maximum drawdown of -38.82%. Use the drawdown chart below to compare losses from any high point for BCHG and INDEX. For additional features, visit the drawdowns tool.
Volatility
BCHG vs. INDEX - Volatility Comparison
Grayscale Bitcoin Cash Trust (BCHG) has a higher volatility of 22.92% compared to Index Funds S&P 500 Equal Weight (INDEX) at 3.41%. This indicates that BCHG's price experiences larger fluctuations and is considered to be riskier than INDEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.