BCHS.L vs. NCLP.L
BCHS.L (Invesco CoinShares Global Blockchain UCITS ETF Acc) and NCLP.L (WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating) are both exchange-traded funds - BCHS.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while NCLP.L is a Uranium fund tracking the WisdomTree Uranium and Nuclear Energy UCITS Index. Both are passively managed. Over the past year, BCHS.L returned 56.79% vs 47.28% for NCLP.L. A 0.57 correlation means they provide meaningful diversification when combined. BCHS.L charges 0.65%/yr vs 0.45%/yr for NCLP.L.
Performance
BCHS.L vs. NCLP.L - Performance Comparison
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Returns By Period
In the year-to-date period, BCHS.L achieves a 25.35% return, which is significantly higher than NCLP.L's 3.72% return.
BCHS.L
- 1D
- 5.50%
- 1M
- 1.69%
- YTD
- 25.35%
- 6M
- 18.40%
- 1Y
- 56.79%
- 3Y*
- 41.92%
- 5Y*
- 12.48%
- 10Y*
- —
NCLP.L
- 1D
- 0.00%
- 1M
- -14.90%
- YTD
- 3.72%
- 6M
- 2.78%
- 1Y
- 47.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BCHS.L vs. NCLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BCHS.L Invesco CoinShares Global Blockchain UCITS ETF Acc | 25.35% | 53.09% |
NCLP.L WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating | 3.72% | 56.86% |
Correlation
The correlation between BCHS.L and NCLP.L is 0.56, 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 | 0.56 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2025 | 0.57 |
The correlation between BCHS.L and NCLP.L has been stable across timeframes, ranging from 0.56 to 0.57 - a consistent structural relationship.
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Return for Risk
BCHS.L vs. NCLP.L — Risk / Return Rank
BCHS.L
NCLP.L
BCHS.L vs. NCLP.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 WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BCHS.L | NCLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.21 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.19 | +0.60 |
| Martin ratioReturn relative to average drawdown | 3.63 | 2.55 | +1.08 |
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Drawdowns
BCHS.L vs. NCLP.L - Drawdown Comparison
The maximum BCHS.L drawdown since its inception was -55.89%, which is greater than NCLP.L's maximum drawdown of -39.10%. Use the drawdown chart below to compare losses from any high point for BCHS.L and NCLP.L.
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Drawdown Indicators
| BCHS.L | NCLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.89% | -39.10% | -16.79% |
Max Drawdown (1Y)Largest decline over 1 year | -29.49% | -39.10% | +9.61% |
Max Drawdown (3Y)Largest decline over 3 years | -35.64% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -55.89% | — | — |
Current DrawdownCurrent decline from peak | -4.94% | -30.71% | +25.77% |
Average DrawdownAverage peak-to-trough decline | -23.07% | -14.45% | -8.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.64% | 18.27% | -3.63% |
Volatility
BCHS.L vs. NCLP.L - Volatility Comparison
Invesco CoinShares Global Blockchain UCITS ETF Acc (BCHS.L) and WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L) have volatilities of 12.78% and 12.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCHS.L | NCLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.78% | 12.92% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 26.27% | 32.78% | -6.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.60% | 63.64% | -25.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.27% | 63.01% | -24.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.52% | 63.01% | -26.49% |
BCHS.L vs. NCLP.L - Expense Ratio Comparison
BCHS.L has a 0.65% expense ratio, which is higher than NCLP.L's 0.45% expense ratio.
Dividends
BCHS.L vs. NCLP.L - Dividend Comparison
Neither BCHS.L nor NCLP.L has paid dividends to shareholders.
Frequently Asked Questions
BCHS.L and NCLP.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NCLP.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NCLP.L is cheaper with a 0.45% expense ratio, compared with 0.65% for BCHS.L.
BCHS.L is categorized as Technology Equities, while NCLP.L is Uranium. BCHS.L tracks MSCI World/Information Tech NR USD, while NCLP.L tracks WisdomTree Uranium and Nuclear Energy UCITS Index. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.65% for BCHS.L and 0.45% for NCLP.L.
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