BITS vs. BCCC

Last updated Jul 14, 2026

BITS (Global X Blockchain & Bitcoin Strategy ETF) and BCCC (Global X Bitcoin Covered Call ETF) are both Cryptocurrency funds from Global X. BITS is passively managed, while BCCC is actively managed. Over the past year, BITS returned -15.13% vs -35.38% for BCCC. Their correlation of 0.83 suggests significant overlap in exposure. BITS charges 0.65%/yr vs 0.75%/yr for BCCC.

Performance

BITS vs. BCCC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Blockchain & Bitcoin Strategy ETF (BITS) and Global X Bitcoin Covered Call ETF (BCCC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BITS achieves a -11.26% return, which is significantly higher than BCCC's -23.89% return.

BITS

• 1D: -3.52%
• 1M: -10.81%
• 6M: -21.88%
• YTD: -11.26%
• 1Y: -15.13%
• 3Y*: 28.57%
• 5Y*: —
• 10Y*: —

BCCC

• 1D: -2.04%
• 1M: -0.48%
• 6M: -26.77%
• YTD: -23.89%
• 1Y: -35.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BITS vs. BCCC - Yearly Performance Comparison

	2026 (YTD)	2025
BITS Global X Blockchain & Bitcoin Strategy ETF	-11.26%	14.56%
BCCC Global X Bitcoin Covered Call ETF	-23.89%	-7.02%

Correlation

The correlation between BITS and BCCC 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 Jun 4, 2025	0.83

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

Return for Risk

BITS vs. BCCC — Risk / Return Rank

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

BITS

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

BCCC

BCCC Risk / Return Rank: 2
BCCC Sharpe Ratio Rank: 2
BCCC Sortino Ratio Rank: 2
BCCC Omega Ratio Rank: 2
BCCC Calmar Ratio Rank: 2
BCCC Martin Ratio Rank: 1

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.

BITS vs. BCCC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain & Bitcoin Strategy ETF (BITS) and Global X Bitcoin Covered Call ETF (BCCC). 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.

	BITS	BCCC	Difference
Sharpe ratio: Return per unit of total volatility	-0.29	-1.00	+0.71
Sortino ratio: Return per unit of downside risk	-0.06	-1.35	+1.29
Omega ratio: Gain probability vs. loss probability	0.99	0.83	+0.16
Calmar ratio: Return relative to maximum drawdown	-0.31	-0.85	+0.54
Martin ratio: Return relative to average drawdown	-0.54	-1.44	+0.91

BITS vs. BCCC - Sharpe Ratio Comparison

The current BITS Sharpe Ratio is -0.29, which is higher than the BCCC Sharpe Ratio of -1.00. The chart below compares the historical Sharpe Ratios of BITS and BCCC, 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

BITS vs. BCCC - Drawdown Comparison

The maximum BITS drawdown since its inception was -83.11%, which is greater than BCCC's maximum drawdown of -41.79%. Use the drawdown chart below to compare losses from any high point for BITS and BCCC.

Drawdown Indicators

	BITS	BCCC	Difference
Max Drawdown Largest peak-to-trough decline	-83.11%	-41.79%	-41.32%
Max Drawdown (1Y) Largest decline over 1 year	-48.38%	-41.79%	-6.59%
Max Drawdown (3Y) Largest decline over 3 years	-48.38%	—	—
Current Drawdown Current decline from peak	-41.58%	-39.17%	-2.41%
Average Drawdown Average peak-to-trough decline	-42.59%	-18.89%	-23.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.29%	24.58%	+3.71%

Volatility

BITS vs. BCCC - Volatility Comparison

Global X Blockchain & Bitcoin Strategy ETF (BITS) has a higher volatility of 12.34% compared to Global X Bitcoin Covered Call ETF (BCCC) at 8.24%. This indicates that BITS's price experiences larger fluctuations and is considered to be riskier than BCCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BITS	BCCC	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.34%	8.24%	+4.10%
Volatility (6M) Calculated over the trailing 6-month period	40.40%	29.23%	+11.17%
Volatility (1Y) Calculated over the trailing 1-year period	53.28%	35.61%	+17.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.68%	34.78%	+25.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.68%	34.78%	+25.90%

BITS vs. BCCC - Expense Ratio Comparison

BITS has a 0.65% expense ratio, which is lower than BCCC's 0.75% expense ratio.

Dividends

BITS vs. BCCC - Dividend Comparison

BITS's dividend yield for the trailing twelve months is around 25.64%, less than BCCC's 64.20% yield.

Position	TTM	2025	2024	2023	2022	2021
BCCC Global X Bitcoin Covered Call ETF	64.20%	29.55%	0.00%	0.00%	0.00%	0.00%
BITS Global X Blockchain & Bitcoin Strategy ETF	25.64%	22.80%	29.49%	13.69%	0.48%	1.90%

Frequently Asked Questions

Can I hold both BITS and BCCC in my portfolio?

BITS and BCCC 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, BITS or BCCC?

BITS has higher volatility (12.34%) compared to BCCC (8.24%). In terms of maximum drawdown, BITS dropped -83.11% vs BCCC's -41.79%.

Which ETF is better, BITS or BCCC?

On 1-year performance, BITS leads with -15.13% vs -35.38% for BCCC. On fees, BITS is cheaper at 0.65% per year. On volatility, BCCC has been the lower-risk option at 8.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITS or BCCC?

Over the 1-year period, BITS has performed better with a -15.13% return vs -35.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITS or BCCC?

BITS is cheaper with a 0.65% expense ratio, compared with 0.75% for BCCC.

Which ETF pays a higher dividend yield, BITS or BCCC?

BCCC has the higher dividend yield at 64.20%, compared with 25.64% for BITS.

What is the main difference between BITS and BCCC?

Their fees differ too: 0.65% for BITS and 0.75% for BCCC.

Which has better risk-adjusted returns?

BITS currently has the higher Sharpe Ratio (-0.29 vs -1.00), 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.