BCOR vs. GLNK

Last updated Aug 2, 2026

BCOR (Grayscale Bitcoin Adopters ETF) and GLNK (Grayscale Chainlink Trust ETF) are both exchange-traded funds - BCOR is a Blockchain fund tracking the Indxx Bitcoin Adopters Index, while GLNK is a Cryptocurrency fund tracking the Chainlink (LINK). Both are passively managed. Over the past year, BCOR returned -30.47% vs -73.63% for GLNK. Their 0.53 correlation means they have sometimes moved together and sometimes differently. BCOR charges 0.59%/yr vs 2.50%/yr for GLNK.

Performance

BCOR vs. GLNK - Performance Comparison

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

Returns By Period

In the year-to-date period, BCOR achieves a -16.45% return, which is significantly higher than GLNK's -33.63% return.

BCOR

• 1D: -2.60%
• 1M: -7.05%
• 6M: -17.04%
• YTD: -16.45%
• 1Y: -30.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -9.47%

GLNK

• 1D: -4.11%
• 1M: 5.09%
• 6M: -24.29%
• YTD: -33.63%
• 1Y: -73.63%
• 3Y*: -20.97%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -2.38%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BCOR Grayscale Bitcoin Adopters ETF	$6.33K	$9.47K	$14.95K
GLNK Grayscale Chainlink Trust ETF	$2.63M	$1.89M	$1.97M

BCOR vs. GLNK - Yearly Performance Comparison

	2026 (YTD)	2025
BCOR Grayscale Bitcoin Adopters ETF	-16.45%	5.68%
GLNK Grayscale Chainlink Trust ETF	-33.63%	-58.15%

Correlation

The correlation between BCOR and GLNK is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.61
Correlation (All Time) Calculated using the full available price history since Apr 30, 2025	0.53

The correlation between BCOR and GLNK has been stable across timeframes, ranging from 0.53 to 0.61 - a consistent structural relationship.

Return for Risk

BCOR vs. GLNK — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BCOR

BCOR Risk / Return Rank: 3
BCOR Sharpe Ratio Rank: 3
BCOR Sortino Ratio Rank: 3
BCOR Omega Ratio Rank: 4
BCOR Calmar Ratio Rank: 3
BCOR Martin Ratio Rank: 3

GLNK

GLNK Risk / Return Rank: 3
GLNK Sharpe Ratio Rank: 3
GLNK Sortino Ratio Rank: 2
GLNK Omega Ratio Rank: 2
GLNK Calmar Ratio Rank: 2
GLNK Martin Ratio Rank: 4

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BCOR vs. GLNK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Adopters ETF (BCOR) and Grayscale Chainlink Trust ETF (GLNK). 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.

	BCOR	GLNK	Difference
Sharpe ratio: Return per unit of total volatility	-0.79	-0.77	-0.01
Sortino ratio: Return per unit of downside risk	-1.03	-1.38	+0.35
Omega ratio: Gain probability vs. loss probability	0.89	0.84	+0.05
Calmar ratio: Return relative to maximum drawdown	-0.79	-0.87	+0.08
Martin ratio: Return relative to average drawdown	-1.25	-1.03	-0.22

BCOR vs. GLNK - Sharpe Ratio Comparison

The current BCOR Sharpe Ratio is -0.79, which is comparable to the GLNK Sharpe Ratio of -0.77. The chart below compares the historical Sharpe Ratios of BCOR and GLNK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BCOR vs. GLNK - Drawdown Comparison

The maximum BCOR drawdown since its inception was -42.99%, smaller than the maximum GLNK drawdown of -96.25%. Use the drawdown chart below to compare losses from any high point for BCOR and GLNK.

Drawdown Indicators

	BCOR	GLNK	Difference
Max Drawdown Largest peak-to-trough decline	-42.99%	-96.25%	+53.26%
Max Drawdown (1Y) Largest decline over 1 year	-42.99%	-89.50%	+46.51%
Max Drawdown (3Y) Largest decline over 3 years	—	-96.25%	—
Current Drawdown Current decline from peak	-40.90%	-95.73%	+54.83%
Average Drawdown Average peak-to-trough decline	-20.38%	-57.20%	+36.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.14%	75.11%	-47.97%

Volatility

BCOR vs. GLNK - Volatility Comparison

Grayscale Bitcoin Adopters ETF (BCOR) and Grayscale Chainlink Trust ETF (GLNK) have volatilities of 12.98% and 12.97%, 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.

Volatility by Period

	BCOR	GLNK	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.98%	12.97%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	34.02%	45.67%	-11.65%
Volatility (1Y) Calculated over the trailing 1-year period	43.11%	100.63%	-57.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.51%	161.98%	-118.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.51%	161.98%	-118.47%

BCOR vs. GLNK - Expense Ratio Comparison

BCOR has a 0.59% expense ratio, which is lower than GLNK's 2.50% expense ratio.

Dividends

BCOR vs. GLNK - Dividend Comparison

BCOR's dividend yield for the trailing twelve months is around 3.77%, while GLNK has not paid dividends to shareholders.

Position	TTM	2025
BCOR Grayscale Bitcoin Adopters ETF	3.77%	3.10%
GLNK Grayscale Chainlink Trust ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both BCOR and GLNK in my portfolio?

BCOR and GLNK have a correlation of 0.61, 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 GLNK?

BCOR has higher volatility (12.98%) compared to GLNK (12.97%). In terms of maximum drawdown, BCOR dropped -42.99% vs GLNK's -96.25%.

Which ETF is better, BCOR or GLNK?

On 1-year performance, BCOR leads with -30.47% vs -73.63% for GLNK. On fees, BCOR is cheaper at 0.59% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BCOR or GLNK?

Over the 1-year period, BCOR has performed better with a -30.47% return vs -73.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BCOR or GLNK?

BCOR is cheaper with a 0.59% expense ratio, compared with 2.50% for GLNK.

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

BCOR has the higher dividend yield at 3.77%, compared with 0.00% for GLNK.

What is the main difference between BCOR and GLNK?

BCOR is categorized as Blockchain, while GLNK is Cryptocurrency. BCOR tracks Indxx Bitcoin Adopters Index, while GLNK tracks Chainlink (LINK). Their fees differ too: 0.59% for BCOR and 2.50% for GLNK.

Which has better risk-adjusted returns?

GLNK currently has the higher Sharpe Ratio (-0.77 vs -0.79), 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.