BCHN.L vs. BTCE.DE
Compare and contrast key facts about Invesco Elwood Global Blockchain Ucits ETF (BCHN.L) and ETC Group Physical Bitcoin (BTCE.DE).
BCHN.L and BTCE.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BTCE.DE is an actively managed fund by ETC Issuance. It was launched on Jun 8, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BCHN.L or BTCE.DE.
Key characteristics
| BCHN.L | BTCE.DE | |
|---|---|---|
| YTD Return | -3.88% | 45.19% |
| 1Y Return | 42.43% | 123.47% |
| 3Y Return (Ann) | -9.59% | 5.03% |
| Sharpe Ratio | 1.26 | 2.74 |
| Daily Std Dev | 36.39% | 45.31% |
| Max Drawdown | -61.69% | -74.62% |
| Current Drawdown | -37.33% | -14.85% |
Correlation
The correlation between BCHN.L and BTCE.DE is 0.64, 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. BTCE.DE - Performance Comparison
In the year-to-date period, BCHN.L achieves a -3.88% return, which is significantly lower than BTCE.DE's 45.19% 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.
BCHN.L vs. BTCE.DE - Expense Ratio Comparison
BCHN.L has a 0.65% expense ratio, which is lower than BTCE.DE's 2.00% expense ratio.
Risk-Adjusted Performance
BCHN.L vs. BTCE.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Elwood Global Blockchain Ucits ETF (BCHN.L) and ETC Group Physical Bitcoin (BTCE.DE). 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
BCHN.L vs. BTCE.DE - Dividend Comparison
Neither BCHN.L nor BTCE.DE has paid dividends to shareholders.
Drawdowns
BCHN.L vs. BTCE.DE - Drawdown Comparison
The maximum BCHN.L drawdown since its inception was -61.69%, smaller than the maximum BTCE.DE drawdown of -74.62%. Use the drawdown chart below to compare losses from any high point for BCHN.L and BTCE.DE. For additional features, visit the drawdowns tool.
Volatility
BCHN.L vs. BTCE.DE - Volatility Comparison
Invesco Elwood Global Blockchain Ucits ETF (BCHN.L) and ETC Group Physical Bitcoin (BTCE.DE) have volatilities of 12.73% and 12.97%, 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.