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 0.30, 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
Key characteristics
BCHN.L:
0.13
BTC-USD:
1.41
BCHN.L:
0.48
BTC-USD:
2.09
BCHN.L:
1.06
BTC-USD:
1.21
BCHN.L:
0.13
BTC-USD:
1.24
BCHN.L:
0.45
BTC-USD:
8.17
BCHN.L:
12.21%
BTC-USD:
8.95%
BCHN.L:
42.77%
BTC-USD:
43.72%
BCHN.L:
-61.69%
BTC-USD:
-93.07%
BCHN.L:
-27.51%
BTC-USD:
-15.25%
Returns By Period
In the year-to-date period, BCHN.L achieves a -5.21% return, which is significantly lower than BTC-USD's -3.71% return.
BCHN.L
-5.21%
-11.38%
19.46%
6.09%
18.22%
N/A
BTC-USD
-3.71%
-8.08%
60.19%
36.09%
58.79%
77.51%
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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.
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 15.35%, while Bitcoin (BTC-USD) has a volatility of 18.17%. 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.