BCHN.L vs. BTC-USD
Compare and contrast key facts about Invesco Elwood Global Blockchain Ucits ETF (BCHN.L) and Bitcoin (BTC-USD).
BCHN.L is a passively managed fund by Invesco that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Mar 8, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BCHN.L or BTC-USD.
Correlation
The correlation between BCHN.L and BTC-USD is 0.42, 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.
Performance
BCHN.L vs. BTC-USD - Performance Comparison
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Key characteristics
BCHN.L:
0.41
BTC-USD:
1.24
BCHN.L:
0.90
BTC-USD:
2.99
BCHN.L:
1.11
BTC-USD:
1.31
BCHN.L:
0.46
BTC-USD:
2.31
BCHN.L:
1.35
BTC-USD:
10.99
BCHN.L:
14.33%
BTC-USD:
11.22%
BCHN.L:
41.89%
BTC-USD:
42.39%
BCHN.L:
-61.69%
BTC-USD:
-93.07%
BCHN.L:
-25.22%
BTC-USD:
-2.99%
Returns By Period
In the year-to-date period, BCHN.L achieves a -2.21% return, which is significantly lower than BTC-USD's 10.21% return.
BCHN.L
-2.21%
21.86%
-3.07%
19.34%
17.00%
N/A
BTC-USD
10.21%
29.32%
34.11%
69.38%
64.34%
83.65%
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Risk-Adjusted Performance
BCHN.L vs. BTC-USD — Risk-Adjusted Performance Rank
BCHN.L
BTC-USD
BCHN.L vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Elwood Global Blockchain Ucits ETF (BCHN.L) 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.
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Drawdowns
BCHN.L vs. BTC-USD - Drawdown Comparison
The maximum BCHN.L drawdown since its inception was -61.69%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for BCHN.L and BTC-USD. For additional features, visit the drawdowns tool.
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Volatility
BCHN.L vs. BTC-USD - Volatility Comparison
Invesco Elwood Global Blockchain Ucits ETF (BCHN.L) and Bitcoin (BTC-USD) have volatilities of 11.77% and 11.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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