BCHS.L vs. DAVV.DE

Last updated Jun 5, 2026

BCHS.L (Invesco CoinShares Global Blockchain UCITS ETF Acc) and DAVV.DE (VanEck Crypto and Blockchain Innovators UCITS ETF) are both Technology Equities funds - BCHS.L tracks the MSCI World/Information Tech NR USD while DAVV.DE tracks the MVIS Global Digital Assets Equity. Both are passively managed. Over the past 5 years, BCHS.L returned 12.62%/yr vs -1.16%/yr for DAVV.DE. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.65% expense ratio.

Performance

BCHS.L vs. DAVV.DE - 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 VanEck Crypto and Blockchain Innovators UCITS ETF (DAVV.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BCHS.L is traded in GBp, while DAVV.DE is traded in EUR. To make them comparable, the DAVV.DE values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with BCHS.L having a 26.66% return and DAVV.DE slightly lower at 26.16%.

BCHS.L

• 1D: -1.63%
• 1M: 10.46%
• YTD: 26.66%
• 6M: 16.86%
• 1Y: 61.41%
• 3Y*: 42.48%
• 5Y*: 12.62%
• 10Y*: —

DAVV.DE

• 1D: -3.68%
• 1M: 6.39%
• YTD: 26.16%
• 6M: 9.17%
• 1Y: 51.21%
• 3Y*: 52.51%
• 5Y*: -1.16%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCHS.L vs. DAVV.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BCHS.L Invesco CoinShares Global Blockchain UCITS ETF Acc	26.66%	35.24%	18.50%	58.28%	-46.25%	-2.16%
DAVV.DE VanEck Crypto and Blockchain Innovators UCITS ETF	26.16%	4.49%	31.44%	328.35%	-85.05%	-25.51%

Correlation

The correlation between BCHS.L and DAVV.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since May 7, 2021	0.89

The correlation between BCHS.L and DAVV.DE has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

Return for Risk

BCHS.L vs. DAVV.DE — Risk / Return Rank

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

BCHS.L

BCHS.L Risk / Return Rank: 41
BCHS.L Sharpe Ratio Rank: 48
BCHS.L Sortino Ratio Rank: 45
BCHS.L Omega Ratio Rank: 41
BCHS.L Calmar Ratio Rank: 43
BCHS.L Martin Ratio Rank: 30

DAVV.DE

DAVV.DE Risk / Return Rank: 23
DAVV.DE Sharpe Ratio Rank: 24
DAVV.DE Sortino Ratio Rank: 26
DAVV.DE Omega Ratio Rank: 24
DAVV.DE Calmar Ratio Rank: 23
DAVV.DE Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCHS.L vs. DAVV.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco CoinShares Global Blockchain UCITS ETF Acc (BCHS.L) and VanEck Crypto and Blockchain Innovators UCITS ETF (DAVV.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.

	BCHS.L	DAVV.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.63	0.88	+0.75
Sortino ratio: Return per unit of downside risk	2.19	1.46	+0.73
Omega ratio: Gain probability vs. loss probability	1.26	1.17	+0.09
Calmar ratio: Return relative to maximum drawdown	2.07	1.12	+0.95
Martin ratio: Return relative to average drawdown	4.20	2.06	+2.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BCHS.L vs. DAVV.DE - Sharpe Ratio Comparison

The current BCHS.L Sharpe Ratio is 1.63, which is higher than the DAVV.DE Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of BCHS.L and DAVV.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BCHS.L	DAVV.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	0.88	+0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	-0.02	+0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	-0.05	+0.76

Drawdowns

BCHS.L vs. DAVV.DE - Drawdown Comparison

The maximum BCHS.L drawdown since its inception was -55.89%, smaller than the maximum DAVV.DE drawdown of -91.25%. Use the drawdown chart below to compare losses from any high point for BCHS.L and DAVV.DE.

Drawdown Indicators

	BCHS.L	DAVV.DE	Difference
Max Drawdown Largest peak-to-trough decline	-55.89%	-91.25%	+35.36%
Max Drawdown (1Y) Largest decline over 1 year	-29.49%	-45.43%	+15.94%
Max Drawdown (3Y) Largest decline over 3 years	-35.64%	-58.82%	+23.18%
Max Drawdown (5Y) Largest decline over 5 years	-55.89%	-91.25%	+35.36%
Current Drawdown Current decline from peak	-3.94%	-33.78%	+29.84%
Average Drawdown Average peak-to-trough decline	-21.40%	-57.73%	+36.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.57%	24.74%	-10.17%

Volatility

BCHS.L vs. DAVV.DE - Volatility Comparison

The current volatility for Invesco CoinShares Global Blockchain UCITS ETF Acc (BCHS.L) is 10.49%, while VanEck Crypto and Blockchain Innovators UCITS ETF (DAVV.DE) has a volatility of 14.75%. This indicates that BCHS.L experiences smaller price fluctuations and is considered to be less risky than DAVV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCHS.L	DAVV.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.49%	14.75%	-4.26%
Volatility (6M) Calculated over the trailing 6-month period	24.68%	40.05%	-15.37%
Volatility (1Y) Calculated over the trailing 1-year period	37.46%	57.68%	-20.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.61%	70.56%	-34.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.37%	70.36%	-35.99%

BCHS.L vs. DAVV.DE - Expense Ratio Comparison

Both BCHS.L and DAVV.DE have an expense ratio of 0.65%.

Dividends

BCHS.L vs. DAVV.DE - Dividend Comparison

Neither BCHS.L nor DAVV.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BCHS.L and DAVV.DE in my portfolio?

With a correlation of 0.92, BCHS.L and DAVV.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, BCHS.L or DAVV.DE?

Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCHS.L or DAVV.DE?

BCHS.L and DAVV.DE have the same expense ratio: 0.65% per year.

What is the main difference between BCHS.L and DAVV.DE?

BCHS.L tracks MSCI World/Information Tech NR USD, while DAVV.DE tracks MVIS Global Digital Assets Equity. They also come from different issuers: Invesco and VanEck.