BCHS.L vs. BTC-USD
Compare and contrast key facts about Invesco CoinShares Global Blockchain UCITS ETF Acc (BCHS.L) and Bitcoin (BTC-USD).
BCHS.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: BCHS.L or BTC-USD.
Key characteristics
| BCHS.L | BTC-USD | |
|---|---|---|
| YTD Return | -2.88% | 45.63% |
| 1Y Return | 43.24% | 126.36% |
| 3Y Return (Ann) | -4.84% | 9.50% |
| 5Y Return (Ann) | 16.41% | 50.85% |
| Sharpe Ratio | 0.61 | 4.96 |
| Daily Std Dev | 63.71% | 39.19% |
| Max Drawdown | -55.89% | -93.07% |
| Current Drawdown | -31.22% | -15.78% |
Correlation
The correlation between BCHS.L and BTC-USD is 0.31, 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
BCHS.L vs. BTC-USD - Performance Comparison
In the year-to-date period, BCHS.L achieves a -2.88% return, which is significantly lower than BTC-USD's 45.63% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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.
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.
Volatility
BCHS.L vs. BTC-USD - Volatility Comparison
The current volatility for Invesco CoinShares Global Blockchain UCITS ETF Acc (BCHS.L) is 13.04%, while Bitcoin (BTC-USD) has a volatility of 14.14%. 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.