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BCHN.L vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

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

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Elwood Global Blockchain Ucits ETF (BCHN.L) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

BCHN.L:

0.41

BTC-USD:

1.24

Sortino Ratio

BCHN.L:

0.90

BTC-USD:

2.99

Omega Ratio

BCHN.L:

1.11

BTC-USD:

1.31

Calmar Ratio

BCHN.L:

0.46

BTC-USD:

2.31

Martin Ratio

BCHN.L:

1.35

BTC-USD:

10.99

Ulcer Index

BCHN.L:

14.33%

BTC-USD:

11.22%

Daily Std Dev

BCHN.L:

41.89%

BTC-USD:

42.39%

Max Drawdown

BCHN.L:

-61.69%

BTC-USD:

-93.07%

Current Drawdown

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

YTD

-2.21%

1M

21.86%

6M

-3.07%

1Y

19.34%

5Y*

17.00%

10Y*

N/A

BTC-USD

YTD

10.21%

1M

29.32%

6M

34.11%

1Y

69.38%

5Y*

64.34%

10Y*

83.65%

*Annualized

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Risk-Adjusted Performance

BCHN.L vs. BTC-USD — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCHN.L
The Risk-Adjusted Performance Rank of BCHN.L is 5555
Overall Rank
The Sharpe Ratio Rank of BCHN.L is 5050
Sharpe Ratio Rank
The Sortino Ratio Rank of BCHN.L is 6363
Sortino Ratio Rank
The Omega Ratio Rank of BCHN.L is 5656
Omega Ratio Rank
The Calmar Ratio Rank of BCHN.L is 5959
Calmar Ratio Rank
The Martin Ratio Rank of BCHN.L is 4949
Martin Ratio Rank

BTC-USD
The Risk-Adjusted Performance Rank of BTC-USD is 9292
Overall Rank
The Sharpe Ratio Rank of BTC-USD is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of BTC-USD is 9292
Sortino Ratio Rank
The Omega Ratio Rank of BTC-USD is 8989
Omega Ratio Rank
The Calmar Ratio Rank of BTC-USD is 9494
Calmar Ratio Rank
The Martin Ratio Rank of BTC-USD is 9191
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current BCHN.L Sharpe Ratio is 0.41, which is lower than the BTC-USD Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of BCHN.L and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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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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