BCHS.L vs. JEDG.L
BCHS.L (Invesco CoinShares Global Blockchain UCITS ETF Acc) and JEDG.L (VanEck Space Innovators UCITS ETF) are both exchange-traded funds - BCHS.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while JEDG.L is a Industrials Equities fund tracking the MSCI World/Materials NR USD. Both are passively managed. Over the past 3 years, BCHS.L returned 42.48%/yr vs 65.85%/yr for JEDG.L. A 0.57 correlation means they provide meaningful diversification when combined. BCHS.L charges 0.65%/yr vs 0.55%/yr for JEDG.L.
Performance
BCHS.L vs. JEDG.L - Performance Comparison
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Different Trading Currencies
BCHS.L is traded in GBp, while JEDG.L is traded in GBP. To make them comparable, the JEDG.L 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 26.66% return, which is significantly lower than JEDG.L's 74.89% return.
BCHS.L
- 1D
- -1.63%
- 1M
- 10.46%
- YTD
- 26.66%
- 6M
- 16.86%
- 1Y
- 61.41%
- 3Y*
- 42.48%
- 5Y*
- 12.62%
- 10Y*
- —
JEDG.L
- 1D
- 1.49%
- 1M
- 23.72%
- YTD
- 74.89%
- 6M
- 96.65%
- 1Y
- 211.91%
- 3Y*
- 65.85%
- 5Y*
- —
- 10Y*
- —
BCHS.L vs. JEDG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BCHS.L Invesco CoinShares Global Blockchain UCITS ETF Acc | 26.66% | 35.24% | 18.50% | 58.28% | -19.48% |
JEDG.L VanEck Space Innovators UCITS ETF | 74.89% | 80.38% | 46.13% | 6.44% | -12.08% |
Correlation
The correlation between BCHS.L and JEDG.L is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.57 |
The correlation between BCHS.L and JEDG.L has been stable across timeframes, ranging from 0.57 to 0.59 - a consistent structural relationship.
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Return for Risk
BCHS.L vs. JEDG.L — Risk / Return Rank
BCHS.L
JEDG.L
BCHS.L vs. JEDG.L - 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 Space Innovators UCITS ETF (JEDG.L). 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 | JEDG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.58 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.61 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 9.18 | -7.11 |
| Martin ratioReturn relative to average drawdown | 4.20 | 30.71 | -26.51 |
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 | JEDG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 4.77 | -3.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 1.36 | -0.64 |
Drawdowns
BCHS.L vs. JEDG.L - Drawdown Comparison
The maximum BCHS.L drawdown since its inception was -55.89%, which is greater than JEDG.L's maximum drawdown of -26.80%. Use the drawdown chart below to compare losses from any high point for BCHS.L and JEDG.L.
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Drawdown Indicators
| BCHS.L | JEDG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.89% | -26.80% | -29.09% |
Max Drawdown (1Y)Largest decline over 1 year | -29.49% | -22.94% | -6.55% |
Max Drawdown (3Y)Largest decline over 3 years | -35.64% | -26.80% | -8.84% |
Max Drawdown (5Y)Largest decline over 5 years | -55.89% | — | — |
Current DrawdownCurrent decline from peak | -3.94% | -13.90% | +9.96% |
Average DrawdownAverage peak-to-trough decline | -21.40% | -8.86% | -12.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.57% | 6.87% | +7.70% |
Volatility
BCHS.L vs. JEDG.L - Volatility Comparison
The current volatility for Invesco CoinShares Global Blockchain UCITS ETF Acc (BCHS.L) is 10.49%, while VanEck Space Innovators UCITS ETF (JEDG.L) has a volatility of 18.94%. This indicates that BCHS.L experiences smaller price fluctuations and is considered to be less risky than JEDG.L 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 | JEDG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.49% | 18.94% | -8.45% |
Volatility (6M)Calculated over the trailing 6-month period | 24.68% | 34.54% | -9.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.46% | 44.16% | -6.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.61% | 33.12% | +2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.37% | 33.12% | +1.25% |
BCHS.L vs. JEDG.L - Expense Ratio Comparison
BCHS.L has a 0.65% expense ratio, which is higher than JEDG.L's 0.55% expense ratio.
Dividends
BCHS.L vs. JEDG.L - Dividend Comparison
Neither BCHS.L nor JEDG.L has paid dividends to shareholders.
Frequently Asked Questions
BCHS.L and JEDG.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEDG.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEDG.L is cheaper with a 0.55% expense ratio, compared with 0.65% for BCHS.L.
BCHS.L is categorized as Technology Equities, while JEDG.L is Industrials Equities. BCHS.L tracks MSCI World/Information Tech NR USD, while JEDG.L tracks MSCI World/Materials NR USD. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.65% for BCHS.L and 0.55% for JEDG.L.
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