BCHN.L vs. ETH-USD
BCHN.L (Invesco Elwood Global Blockchain Ucits ETF) is Technology Equities fund tracking the MSCI World/Information Tech NR USD, while ETH-USD (Ethereum) is a cryptocurrency. Over the past 5 years, BCHN.L returned 11.36%/yr vs -7.76%/yr for ETH-USD. At a 0.26 correlation, their price movements are largely independent.
Performance
BCHN.L vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, BCHN.L achieves a 25.82% return, which is significantly higher than ETH-USD's -40.81% return.
BCHN.L
- 1D
- -2.12%
- 1M
- 10.57%
- YTD
- 25.82%
- 6M
- 16.47%
- 1Y
- 61.23%
- 3Y*
- 45.96%
- 5Y*
- 11.36%
- 10Y*
- —
ETH-USD
- 1D
- -3.01%
- 1M
- -25.60%
- YTD
- -40.81%
- 6M
- -43.97%
- 1Y
- -32.69%
- 3Y*
- -1.02%
- 5Y*
- -7.76%
- 10Y*
- 61.87%
BCHN.L vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BCHN.L Invesco Elwood Global Blockchain Ucits ETF | 25.82% | 45.50% | 17.30% | 66.38% | -52.02% | 23.97% | 96.43% | 14.95% |
ETH-USD Ethereum | -40.81% | -10.91% | 46.00% | 90.84% | -67.48% | 398.30% | 473.88% | -2.66% |
Correlation
The correlation between BCHN.L and ETH-USD is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2019 | 0.26 |
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Return for Risk
BCHN.L vs. ETH-USD — Risk / Return Rank
BCHN.L
ETH-USD
BCHN.L vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Elwood Global Blockchain Ucits ETF (BCHN.L) and Ethereum (ETH-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.
| BCHN.L | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | +2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.96 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | -0.51 | +2.45 |
| Martin ratioReturn relative to average drawdown | 4.05 | -0.86 | +4.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BCHN.L | ETH-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | -0.49 | +1.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | -0.11 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.76 | -0.10 |
Drawdowns
BCHN.L vs. ETH-USD - Drawdown Comparison
The maximum BCHN.L drawdown since its inception was -61.69%, smaller than the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for BCHN.L and ETH-USD.
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Drawdown Indicators
| BCHN.L | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.69% | -94.01% | +32.32% |
Max Drawdown (1Y)Largest decline over 1 year | -31.54% | -63.65% | +32.11% |
Max Drawdown (3Y)Largest decline over 3 years | -36.39% | -63.80% | +27.41% |
Max Drawdown (5Y)Largest decline over 5 years | -61.11% | -79.35% | +18.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.01% | — |
Current DrawdownCurrent decline from peak | -4.60% | -63.65% | +59.05% |
Average DrawdownAverage peak-to-trough decline | -23.68% | -50.87% | +27.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.09% | 43.81% | -28.72% |
Volatility
BCHN.L vs. ETH-USD - Volatility Comparison
Invesco Elwood Global Blockchain Ucits ETF (BCHN.L) has a higher volatility of 11.58% compared to Ethereum (ETH-USD) at 10.87%. This indicates that BCHN.L's price experiences larger fluctuations and is considered to be riskier than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCHN.L | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.58% | 10.87% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 26.89% | 45.09% | -18.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.59% | 55.92% | -15.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.82% | 59.51% | -20.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.68% | 77.97% | -41.29% |
Frequently Asked Questions
BCHN.L and ETH-USD have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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