BCHS.L vs. MSTR
BCHS.L (Invesco CoinShares Global Blockchain UCITS ETF Acc) is Technology Equities fund tracking the MSCI World/Information Tech NR USD, while MSTR (Strategy Inc) is a stock. Over the past 5 years, BCHS.L returned 12.62%/yr vs 23.01%/yr for MSTR. At a 0.47 correlation, their price movements are largely independent.
Performance
BCHS.L vs. MSTR - Performance Comparison
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Different Trading Currencies
BCHS.L is traded in GBp, while MSTR is traded in USD. To make them comparable, the MSTR 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 higher than MSTR's -14.51% 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*
- —
MSTR
- 1D
- 2.23%
- 1M
- -30.15%
- YTD
- -14.51%
- 6M
- -30.93%
- 1Y
- -65.45%
- 3Y*
- 63.08%
- 5Y*
- 23.01%
- 10Y*
- 21.75%
BCHS.L vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BCHS.L Invesco CoinShares Global Blockchain UCITS ETF Acc | 26.66% | 35.24% | 18.50% | 58.28% | -46.25% | 26.00% | 89.05% | 13.21% |
MSTR Strategy Inc | -14.51% | -51.27% | 366.55% | 323.85% | -70.91% | 41.46% | 164.42% | -3.15% |
Correlation
The correlation between BCHS.L and MSTR is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2019 | 0.47 |
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Return for Risk
BCHS.L vs. MSTR — Risk / Return Rank
BCHS.L
MSTR
BCHS.L vs. MSTR - 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 Strategy Inc (MSTR). 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 | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.58 | ||
| Sortino ratioReturn per unit of downside risk | +3.87 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.82 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | -0.86 | +2.93 |
| Martin ratioReturn relative to average drawdown | 4.20 | -1.26 | +5.47 |
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 | MSTR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | -0.95 | +2.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.26 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.29 | +0.42 |
Drawdowns
BCHS.L vs. MSTR - Drawdown Comparison
The maximum BCHS.L drawdown since its inception was -55.89%, smaller than the maximum MSTR drawdown of -87.70%. Use the drawdown chart below to compare losses from any high point for BCHS.L and MSTR.
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Drawdown Indicators
| BCHS.L | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.89% | -87.70% | +31.81% |
Max Drawdown (1Y)Largest decline over 1 year | -29.49% | -76.73% | +47.24% |
Max Drawdown (3Y)Largest decline over 3 years | -35.64% | -78.88% | +43.24% |
Max Drawdown (5Y)Largest decline over 5 years | -55.89% | -82.13% | +26.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -87.70% | — |
Current DrawdownCurrent decline from peak | -3.94% | -74.26% | +70.32% |
Average DrawdownAverage peak-to-trough decline | -21.40% | -32.88% | +11.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.57% | 51.79% | -37.22% |
Volatility
BCHS.L vs. MSTR - Volatility Comparison
The current volatility for Invesco CoinShares Global Blockchain UCITS ETF Acc (BCHS.L) is 10.49%, while Strategy Inc (MSTR) has a volatility of 19.55%. This indicates that BCHS.L experiences smaller price fluctuations and is considered to be less risky than MSTR 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 | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.49% | 19.55% | -9.06% |
Volatility (6M)Calculated over the trailing 6-month period | 24.68% | 55.15% | -30.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.46% | 69.23% | -31.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.61% | 89.28% | -53.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.37% | 72.75% | -38.38% |
Dividends
BCHS.L vs. MSTR - Dividend Comparison
Neither BCHS.L nor MSTR has paid dividends to shareholders.
Frequently Asked Questions
BCHS.L and MSTR have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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