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

Correlation

The correlation between BCHS.L and BTC-USD is 0.46, 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

BCHS.L vs. BTC-USD - Performance Comparison

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

0.00%500.00%1,000.00%1,500.00%2,000.00%2,500.00%December2025FebruaryMarchAprilMay
155.61%
2,384.68%
BCHS.L
BTC-USD

Key characteristics

Sharpe Ratio

BCHS.L:

0.30

BTC-USD:

1.10

Sortino Ratio

BCHS.L:

0.64

BTC-USD:

2.71

Omega Ratio

BCHS.L:

1.08

BTC-USD:

1.28

Calmar Ratio

BCHS.L:

0.28

BTC-USD:

1.88

Martin Ratio

BCHS.L:

0.73

BTC-USD:

9.39

Ulcer Index

BCHS.L:

14.55%

BTC-USD:

11.23%

Daily Std Dev

BCHS.L:

39.96%

BTC-USD:

42.12%

Max Drawdown

BCHS.L:

-55.89%

BTC-USD:

-93.07%

Current Drawdown

BCHS.L:

-22.26%

BTC-USD:

-8.59%

Returns By Period

In the year-to-date period, BCHS.L achieves a -7.38% return, which is significantly lower than BTC-USD's 3.86% return.


BCHS.L

YTD

-7.38%

1M

19.30%

6M

-5.11%

1Y

11.85%

5Y*

15.52%

10Y*

N/A

BTC-USD

YTD

3.86%

1M

27.22%

6M

27.83%

1Y

58.58%

5Y*

58.89%

10Y*

82.12%

*Annualized

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Risk-Adjusted Performance

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

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

BCHS.L
The Risk-Adjusted Performance Rank of BCHS.L is 4242
Overall Rank
The Sharpe Ratio Rank of BCHS.L is 4141
Sharpe Ratio Rank
The Sortino Ratio Rank of BCHS.L is 4747
Sortino Ratio Rank
The Omega Ratio Rank of BCHS.L is 4343
Omega Ratio Rank
The Calmar Ratio Rank of BCHS.L is 4444
Calmar Ratio Rank
The Martin Ratio Rank of BCHS.L is 3636
Martin Ratio Rank

BTC-USD
The Risk-Adjusted Performance Rank of BTC-USD is 9090
Overall Rank
The Sharpe Ratio Rank of BTC-USD is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of BTC-USD is 9292
Sortino Ratio Rank
The Omega Ratio Rank of BTC-USD is 8888
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.

BCHS.L vs. BTC-USD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco CoinShares Global Blockchain UCITS ETF Acc (BCHS.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 BCHS.L Sharpe Ratio is 0.30, which is lower than the BTC-USD Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of BCHS.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.


Rolling 12-month Sharpe Ratio0.001.002.003.00December2025FebruaryMarchAprilMay
0.45
1.16
BCHS.L
BTC-USD

Drawdowns

BCHS.L vs. BTC-USD - Drawdown Comparison

The maximum BCHS.L drawdown since its inception was -55.89%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for BCHS.L and BTC-USD. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%December2025FebruaryMarchAprilMay
-25.04%
-8.59%
BCHS.L
BTC-USD

Volatility

BCHS.L vs. BTC-USD - Volatility Comparison

The current volatility for Invesco CoinShares Global Blockchain UCITS ETF Acc (BCHS.L) is 9.72%, while Bitcoin (BTC-USD) has a volatility of 12.87%. This indicates that BCHS.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.


8.00%10.00%12.00%14.00%16.00%18.00%20.00%December2025FebruaryMarchAprilMay
9.72%
12.87%
BCHS.L
BTC-USD