BCOR vs. BKCH

Last updated Jun 3, 2026

BCOR (Grayscale Bitcoin Adopters ETF) and BKCH (Global X Blockchain ETF) are both exchange-traded funds - BCOR is a Blockchain fund tracking the Indxx Bitcoin Adopters Index, while BKCH is a Technology Equities fund actively managed by Global X. BCOR is passively managed, while BKCH is actively managed. Over the past year, BCOR returned -11.62% vs 99.88% for BKCH. Their correlation of 0.81 suggests significant overlap in exposure. BCOR charges 0.59%/yr vs 0.50%/yr for BKCH.

Performance

BCOR vs. BKCH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Bitcoin Adopters ETF (BCOR) and Global X Blockchain ETF (BKCH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCOR achieves a 0.56% return, which is significantly lower than BKCH's 38.46% return.

BCOR

• 1D: -3.72%
• 1M: -1.43%
• YTD: 0.56%
• 6M: -4.20%
• 1Y: -11.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BKCH

• 1D: -3.34%
• 1M: 13.82%
• YTD: 38.46%
• 6M: 15.41%
• 1Y: 99.88%
• 3Y*: 56.01%
• 5Y*: —
• 10Y*: —

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

BCOR vs. BKCH - Yearly Performance Comparison

	2026 (YTD)	2025
BCOR Grayscale Bitcoin Adopters ETF	0.56%	4.14%
BKCH Global X Blockchain ETF	38.46%	77.71%

Correlation

The correlation between BCOR and BKCH is 0.83, 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	0.83
Correlation (All Time) Calculated using the full available price history since May 1, 2025	0.81

The correlation between BCOR and BKCH has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.

Return for Risk

BCOR vs. BKCH — Risk / Return Rank

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

BCOR

BCOR Risk / Return Rank: 6
BCOR Sharpe Ratio Rank: 6
BCOR Sortino Ratio Rank: 6
BCOR Omega Ratio Rank: 6
BCOR Calmar Ratio Rank: 6
BCOR Martin Ratio Rank: 7

BKCH

BKCH Risk / Return Rank: 35
BKCH Sharpe Ratio Rank: 40
BKCH Sortino Ratio Rank: 39
BKCH Omega Ratio Rank: 35
BKCH Calmar Ratio Rank: 36
BKCH Martin Ratio Rank: 25

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.

BCOR vs. BKCH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Adopters ETF (BCOR) and Global X Blockchain ETF (BKCH). 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.

	BCOR	BKCH	Difference
Sharpe ratio Return per unit of total volatility	-0.28	1.44	-1.72
Sortino ratio Return per unit of downside risk	-0.14	2.04	-2.17
Omega ratio Gain probability vs. loss probability	0.98	1.24	-0.26
Calmar ratio Return relative to maximum drawdown	-0.23	1.78	-2.02
Martin ratio Return relative to average drawdown	-0.43	3.31	-3.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BCOR vs. BKCH - Sharpe Ratio Comparison

The current BCOR Sharpe Ratio is -0.28, which is lower than the BKCH Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of BCOR and BKCH, 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

	BCOR	BKCH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.28	1.44	-1.72
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.03	+0.07

Drawdowns

BCOR vs. BKCH - Drawdown Comparison

The maximum BCOR drawdown since its inception was -42.99%, smaller than the maximum BKCH drawdown of -91.80%. Use the drawdown chart below to compare losses from any high point for BCOR and BKCH.

Drawdown Indicators

	BCOR	BKCH	Difference
Max Drawdown Largest peak-to-trough decline	-42.99%	-91.80%	+48.81%
Max Drawdown (1Y) Largest decline over 1 year	-42.99%	-56.28%	+13.29%
Max Drawdown (3Y) Largest decline over 3 years	—	-57.99%	—
Current Drawdown Current decline from peak	-28.87%	-33.62%	+4.75%
Average Drawdown Average peak-to-trough decline	-18.06%	-62.13%	+44.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.04%	30.25%	-7.21%

Volatility

BCOR vs. BKCH - Volatility Comparison

The current volatility for Grayscale Bitcoin Adopters ETF (BCOR) is 10.25%, while Global X Blockchain ETF (BKCH) has a volatility of 18.09%. This indicates that BCOR experiences smaller price fluctuations and is considered to be less risky than BKCH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCOR	BKCH	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.25%	18.09%	-7.84%
Volatility (6M) Calculated over the trailing 6-month period	31.44%	51.40%	-19.96%
Volatility (1Y) Calculated over the trailing 1-year period	41.19%	69.90%	-28.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.92%	75.43%	-32.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.92%	75.43%	-32.51%

BCOR vs. BKCH - Expense Ratio Comparison

BCOR has a 0.59% expense ratio, which is higher than BKCH's 0.50% expense ratio.

Dividends

BCOR vs. BKCH - Dividend Comparison

BCOR's dividend yield for the trailing twelve months is around 3.08%, more than BKCH's 1.44% yield.

Position	TTM	2025	2024	2023	2022	2021
BCOR Grayscale Bitcoin Adopters ETF	3.08%	3.10%	0.00%	0.00%	0.00%	0.00%
BKCH Global X Blockchain ETF	1.44%	2.00%	7.61%	2.33%	1.29%	4.28%

Frequently Asked Questions

Can I hold both BCOR and BKCH in my portfolio?

BCOR and BKCH have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BCOR or BKCH?

BKCH has higher volatility (18.09%) compared to BCOR (10.25%). In terms of maximum drawdown, BCOR dropped -42.99% vs BKCH's -91.80%.

Which ETF is better, BCOR or BKCH?

On 1-year performance, BKCH leads with 99.88% vs -11.62% for BCOR. On fees, BKCH is cheaper at 0.50% per year. On volatility, BCOR has been the lower-risk option at 10.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BCOR or BKCH?

Over the 1-year period, BKCH has performed better with a 99.88% return vs -11.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BCOR or BKCH?

BKCH is cheaper with a 0.50% expense ratio, compared with 0.59% for BCOR.

Which ETF pays a higher dividend yield, BCOR or BKCH?

BCOR has the higher dividend yield at 3.08%, compared with 1.44% for BKCH.

What is the main difference between BCOR and BKCH?

BCOR is categorized as Blockchain, while BKCH is Technology Equities. They also come from different issuers: Grayscale and Global X. Their fees differ too: 0.59% for BCOR and 0.50% for BKCH.

Which has better risk-adjusted returns?

BKCH currently has the higher Sharpe Ratio (1.44 vs -0.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.