BITQ vs. BKCH

Last updated Jun 3, 2026

BITQ (Bitwise Crypto Industry Innovators ETF) and BKCH (Global X Blockchain ETF) are both Technology Equities funds. BITQ is passively managed, while BKCH is actively managed. Over the past 3 years, BITQ returned 59.75%/yr vs 57.79%/yr for BKCH. With a 0.97 correlation, they move nearly in lockstep. BITQ charges 0.85%/yr vs 0.50%/yr for BKCH.

Performance

BITQ vs. BKCH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Crypto Industry Innovators ETF (BITQ) and Global X Blockchain ETF (BKCH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with BITQ having a 42.95% return and BKCH slightly higher at 43.25%.

BITQ

• 1D: -1.38%
• 1M: 17.44%
• YTD: 42.95%
• 6M: 29.09%
• 1Y: 70.80%
• 3Y*: 59.75%
• 5Y*: 5.67%
• 10Y*: —

BKCH

• 1D: -1.32%
• 1M: 23.30%
• YTD: 43.25%
• 6M: 24.50%
• 1Y: 116.23%
• 3Y*: 57.79%
• 5Y*: —
• 10Y*: —

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

BITQ vs. BKCH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BITQ Bitwise Crypto Industry Innovators ETF	42.95%	18.00%	46.97%	246.83%	-83.86%	4.86%
BKCH Global X Blockchain ETF	43.25%	27.14%	18.81%	267.06%	-85.10%	-1.24%

Correlation

The correlation between BITQ and BKCH is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021	0.97

The correlation between BITQ and BKCH has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

Return for Risk

BITQ vs. BKCH — Risk / Return Rank

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

BITQ

BITQ Risk / Return Rank: 33
BITQ Sharpe Ratio Rank: 35
BITQ Sortino Ratio Rank: 36
BITQ Omega Ratio Rank: 33
BITQ Calmar Ratio Rank: 34
BITQ Martin Ratio Rank: 26

BKCH

BKCH Risk / Return Rank: 41
BKCH Sharpe Ratio Rank: 48
BKCH Sortino Ratio Rank: 44
BKCH Omega Ratio Rank: 40
BKCH Calmar Ratio Rank: 45
BKCH Martin Ratio Rank: 28

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.

BITQ vs. BKCH - Risk-Adjusted Trends 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	BKCH	Difference
Sharpe ratio Return per unit of total volatility	1.27	1.67	-0.40
Sortino ratio Return per unit of downside risk	1.86	2.22	-0.36
Omega ratio Gain probability vs. loss probability	1.22	1.26	-0.04
Calmar ratio Return relative to maximum drawdown	1.72	2.24	-0.53
Martin ratio Return relative to average drawdown	3.62	4.18	-0.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BITQ vs. BKCH - Sharpe Ratio Comparison

The current BITQ Sharpe Ratio is 1.27, which is comparable to the BKCH Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of BITQ 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

	BITQ	BKCH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	1.67	-0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.04	+0.03

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.

Drawdown Indicators

	BITQ	BKCH	Difference
Max Drawdown Largest peak-to-trough decline	-90.32%	-91.80%	+1.48%
Max Drawdown (1Y) Largest decline over 1 year	-44.99%	-56.28%	+11.29%
Max Drawdown (3Y) Largest decline over 3 years	-51.22%	-57.99%	+6.77%
Max Drawdown (5Y) Largest decline over 5 years	-90.32%	—	—
Current Drawdown Current decline from peak	-12.12%	-31.32%	+19.20%
Average Drawdown Average peak-to-trough decline	-52.83%	-62.15%	+9.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.31%	30.21%	-8.90%

Volatility

BITQ vs. BKCH - Volatility Comparison

The current volatility for Bitwise Crypto Industry Innovators ETF (BITQ) is 14.70%, while Global X Blockchain ETF (BKCH) has a volatility of 17.99%. 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.

Volatility by Period

	BITQ	BKCH	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.70%	17.99%	-3.29%
Volatility (6M) Calculated over the trailing 6-month period	42.75%	51.47%	-8.72%
Volatility (1Y) Calculated over the trailing 1-year period	56.10%	69.93%	-13.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.17%	75.44%	-8.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.25%	75.44%	-8.19%

BITQ vs. BKCH - Expense Ratio Comparison

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

Dividends

BITQ vs. BKCH - Dividend Comparison

BITQ has not paid dividends to shareholders, while BKCH's dividend yield for the trailing twelve months is around 1.40%.

Position	TTM	2025	2024	2023	2022	2021
BITQ Bitwise Crypto Industry Innovators ETF	0.00%	0.00%	0.90%	1.51%	0.00%	3.12%
BKCH Global X Blockchain ETF	1.40%	2.00%	7.61%	2.33%	1.29%	4.28%

Frequently Asked Questions

Can I hold both BITQ and BKCH in my portfolio?

With a correlation of 0.97, BITQ and BKCH move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BITQ or BKCH?

BKCH has higher volatility (17.99%) compared to BITQ (14.70%). In terms of maximum drawdown, BITQ dropped -90.32% vs BKCH's -91.80%.

Which ETF is better, BITQ or BKCH?

On 3-year performance, BITQ leads with 59.75% vs 57.79% for BKCH. On fees, BKCH is cheaper at 0.50% per year. On volatility, BITQ has been the lower-risk option at 14.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITQ or BKCH?

Over the 3-year period, BITQ has performed better with a 59.75% return vs 57.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITQ or BKCH?

BKCH is cheaper with a 0.50% expense ratio, compared with 0.85% for BITQ.

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

BKCH has the higher dividend yield at 1.40%, compared with 0.00% for BITQ.

What is the main difference between BITQ and BKCH?

They also come from different issuers: Exchange Traded Concepts and Global X. Their fees differ too: 0.85% for BITQ and 0.50% for BKCH.

Which has better risk-adjusted returns?

BKCH currently has the higher Sharpe Ratio (1.67 vs 1.27), 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.