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BITQ vs. BKCH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


BITQBKCH
YTD Return81.97%58.29%
1Y Return192.68%197.31%
3Y Return (Ann)-13.33%-20.17%
Sharpe Ratio2.762.41
Sortino Ratio3.222.94
Omega Ratio1.371.33
Calmar Ratio2.452.35
Martin Ratio11.048.84
Ulcer Index17.46%22.24%
Daily Std Dev69.89%81.57%
Max Drawdown-90.32%-91.80%
Current Drawdown-35.50%-49.76%

Correlation

-0.50.00.51.01.0

The correlation between BITQ and BKCH is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

BITQ vs. BKCH - Performance Comparison

In the year-to-date period, BITQ achieves a 81.97% return, which is significantly higher than BKCH's 58.29% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%20.00%40.00%60.00%80.00%100.00%JuneJulyAugustSeptemberOctoberNovember
95.82%
81.76%
BITQ
BKCH

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BITQ vs. BKCH - Expense Ratio Comparison

BITQ has a 0.85% expense ratio, which is higher than BKCH's 0.50% expense ratio.


BITQ
Bitwise Crypto Industry Innovators ETF
Expense ratio chart for BITQ: current value at 0.85% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.85%
Expense ratio chart for BKCH: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%

Risk-Adjusted Performance

BITQ vs. BKCH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Crypto Industry Innovators ETF (BITQ) 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.


BITQ
Sharpe ratio
The chart of Sharpe ratio for BITQ, currently valued at 2.76, compared to the broader market-2.000.002.004.006.002.76
Sortino ratio
The chart of Sortino ratio for BITQ, currently valued at 3.22, compared to the broader market0.005.0010.003.22
Omega ratio
The chart of Omega ratio for BITQ, currently valued at 1.37, compared to the broader market1.001.502.002.503.001.37
Calmar ratio
The chart of Calmar ratio for BITQ, currently valued at 2.45, compared to the broader market0.005.0010.0015.002.45
Martin ratio
The chart of Martin ratio for BITQ, currently valued at 11.04, compared to the broader market0.0020.0040.0060.0080.00100.00120.0011.04
BKCH
Sharpe ratio
The chart of Sharpe ratio for BKCH, currently valued at 2.41, compared to the broader market-2.000.002.004.006.002.41
Sortino ratio
The chart of Sortino ratio for BKCH, currently valued at 2.94, compared to the broader market0.005.0010.002.94
Omega ratio
The chart of Omega ratio for BKCH, currently valued at 1.33, compared to the broader market1.001.502.002.503.001.33
Calmar ratio
The chart of Calmar ratio for BKCH, currently valued at 2.35, compared to the broader market0.005.0010.0015.002.35
Martin ratio
The chart of Martin ratio for BKCH, currently valued at 8.84, compared to the broader market0.0020.0040.0060.0080.00100.00120.008.84

BITQ vs. BKCH - Sharpe Ratio Comparison

The current BITQ Sharpe Ratio is 2.76, which is comparable to the BKCH Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of BITQ and BKCH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
2.76
2.41
BITQ
BKCH

Dividends

BITQ vs. BKCH - Dividend Comparison

BITQ's dividend yield for the trailing twelve months is around 0.83%, less than BKCH's 1.41% yield.


TTM202320222021
BITQ
Bitwise Crypto Industry Innovators ETF
0.83%1.51%0.00%3.12%
BKCH
Global X Blockchain ETF
1.41%2.33%1.30%4.28%

Drawdowns

BITQ vs. BKCH - Drawdown Comparison

The maximum BITQ drawdown since its inception was -90.32%, roughly equal to the maximum BKCH drawdown of -91.80%. Use the drawdown chart below to compare losses from any high point for BITQ and BKCH. For additional features, visit the drawdowns tool.


-70.00%-60.00%-50.00%-40.00%JuneJulyAugustSeptemberOctoberNovember
-35.50%
-49.76%
BITQ
BKCH

Volatility

BITQ vs. BKCH - Volatility Comparison

The current volatility for Bitwise Crypto Industry Innovators ETF (BITQ) is 26.06%, while Global X Blockchain ETF (BKCH) has a volatility of 28.74%. This indicates that BITQ 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.


10.00%15.00%20.00%25.00%30.00%JuneJulyAugustSeptemberOctoberNovember
26.06%
28.74%
BITQ
BKCH