BCHS.L vs. ETH-USD
BCHS.L (Invesco CoinShares Global Blockchain UCITS ETF Acc) is Technology Equities fund tracking the MSCI World/Information Tech NR USD, while ETH-USD (Ethereum) is a cryptocurrency. Over the past 5 years, BCHS.L returned 11.05%/yr vs -6.15%/yr for ETH-USD. At a 0.28 correlation, their price movements are largely independent.
Performance
BCHS.L vs. ETH-USD - Performance Comparison
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Different Trading Currencies
BCHS.L is traded in GBp, while ETH-USD is traded in USD. To make them comparable, the ETH-USD values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, BCHS.L achieves a 17.59% return, which is significantly higher than ETH-USD's -44.81% return.
BCHS.L
- 1D
- -1.39%
- 1M
- -3.09%
- YTD
- 17.59%
- 6M
- 8.51%
- 1Y
- 44.46%
- 3Y*
- 39.54%
- 5Y*
- 11.05%
- 10Y*
- —
ETH-USD
- 1D
- -0.84%
- 1M
- -29.32%
- YTD
- -44.81%
- 6M
- -51.09%
- 1Y
- -41.75%
- 3Y*
- -6.01%
- 5Y*
- -6.15%
- 10Y*
- 62.01%
BCHS.L vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BCHS.L Invesco CoinShares Global Blockchain UCITS ETF Acc | 17.59% | 35.24% | 18.50% | 58.28% | -46.25% | 26.00% | 89.05% | -12.06% |
ETH-USD Ethereum | -44.81% | -17.26% | 47.37% | 82.17% | -63.50% | 403.02% | 457.03% | -6.97% |
Correlation
The correlation between BCHS.L and ETH-USD is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.28 |
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Return for Risk
BCHS.L vs. ETH-USD — Risk / Return Rank
BCHS.L
ETH-USD
BCHS.L vs. ETH-USD - 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 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.
| BCHS.L | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.93 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | -0.63 | +2.13 |
| Martin ratioReturn relative to average drawdown | 3.03 | -1.08 | +4.12 |
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
| BCHS.L | ETH-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | -0.63 | +1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | -0.09 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.76 | -0.26 |
Drawdowns
BCHS.L vs. ETH-USD - Drawdown Comparison
The maximum BCHS.L drawdown since its inception was -55.89%, smaller than the maximum ETH-USD drawdown of -93.08%. Use the drawdown chart below to compare losses from any high point for BCHS.L and ETH-USD.
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Drawdown Indicators
| BCHS.L | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.89% | -93.08% | +37.19% |
Max Drawdown (1Y)Largest decline over 1 year | -29.49% | -66.80% | +37.31% |
Max Drawdown (3Y)Largest decline over 3 years | -35.64% | -66.80% | +31.16% |
Max Drawdown (5Y)Largest decline over 5 years | -55.89% | -75.89% | +20.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.08% | — |
Current DrawdownCurrent decline from peak | -10.82% | -65.99% | +55.17% |
Average DrawdownAverage peak-to-trough decline | -23.09% | -48.55% | +25.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.62% | 44.69% | -30.07% |
Volatility
BCHS.L vs. ETH-USD - Volatility Comparison
The current volatility for Invesco CoinShares Global Blockchain UCITS ETF Acc (BCHS.L) is 12.16%, while Ethereum (ETH-USD) has a volatility of 16.00%. This indicates that BCHS.L experiences smaller price fluctuations and is considered to be less risky 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
| BCHS.L | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.16% | 16.00% | -3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 25.84% | 46.48% | -20.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.25% | 55.39% | -17.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.20% | 58.80% | -20.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.49% | 78.68% | -42.19% |
Frequently Asked Questions
BCHS.L and ETH-USD have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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