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.
Key characteristics
| BCHN.L | BTC-USD | |
|---|---|---|
| YTD Return | -3.88% | 43.84% |
| 1Y Return | 42.43% | 125.15% |
| 3Y Return (Ann) | -9.59% | 2.20% |
| 5Y Return (Ann) | 16.46% | 54.28% |
| Sharpe Ratio | 1.26 | 4.84 |
| Daily Std Dev | 36.39% | 39.16% |
| Max Drawdown | -61.69% | -93.07% |
| Current Drawdown | -37.33% | -16.82% |
Correlation
The correlation between BCHN.L and BTC-USD is 0.30, 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
BCHN.L vs. BTC-USD - Performance Comparison
In the year-to-date period, BCHN.L achieves a -3.88% return, which is significantly lower than BTC-USD's 43.84% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
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.
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.
Volatility
BCHN.L vs. BTC-USD - Volatility Comparison
The current volatility for Invesco Elwood Global Blockchain Ucits ETF (BCHN.L) is 12.65%, while Bitcoin (BTC-USD) has a volatility of 15.40%. This indicates that BCHN.L 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.