BITS vs. BKCH

Last updated Jul 14, 2026

BITS (Global X Blockchain & Bitcoin Strategy ETF) and BKCH (Global X Blockchain ETF) are both exchange-traded funds - BITS is a Cryptocurrency fund tracking the NONE, while BKCH is a Blockchain fund tracking the Solactive Blockchain Index. Both are passively managed. Over the past 3 years, BITS returned 28.57%/yr vs 22.21%/yr for BKCH. Their correlation of 0.93 suggests significant overlap in exposure. BITS charges 0.65%/yr vs 0.50%/yr for BKCH.

Performance

BITS vs. BKCH - 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 Blockchain ETF (BKCH). 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 lower than BKCH's 4.48% return.

BITS

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

BKCH

• 1D: -4.19%
• 1M: -20.08%
• 6M: -14.71%
• YTD: 4.48%
• 1Y: 16.93%
• 3Y*: 22.21%
• 5Y*: -3.15%
• 10Y*: —

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

BITS vs. BKCH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BITS Global X Blockchain & Bitcoin Strategy ETF	-11.26%	14.90%	61.84%	212.23%	-75.46%	-28.96%
BKCH Global X Blockchain ETF	4.48%	27.14%	18.81%	267.06%	-85.10%	-38.41%

Correlation

The correlation between BITS and BKCH is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021	0.93

The correlation between BITS and BKCH has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

BITS vs. BKCH — 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

BKCH

BKCH Risk / Return Rank: 15
BKCH Sharpe Ratio Rank: 13
BKCH Sortino Ratio Rank: 18
BKCH Omega Ratio Rank: 17
BKCH Calmar Ratio Rank: 13
BKCH Martin Ratio Rank: 12

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. BKCH - 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 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.

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	BKCH	Difference
Sharpe ratio: Return per unit of total volatility	-0.29	0.24	-0.53
Sortino ratio: Return per unit of downside risk	-0.06	0.84	-0.90
Omega ratio: Gain probability vs. loss probability	0.99	1.10	-0.10
Calmar ratio: Return relative to maximum drawdown	-0.31	0.30	-0.62
Martin ratio: Return relative to average drawdown	-0.54	0.53	-1.06

BITS vs. BKCH - Sharpe Ratio Comparison

The current BITS Sharpe Ratio is -0.29, which is lower than the BKCH Sharpe Ratio of 0.24. The chart below compares the historical Sharpe Ratios of BITS 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.

Drawdowns

BITS vs. BKCH - Drawdown Comparison

The maximum BITS drawdown since its inception was -83.11%, smaller than the maximum BKCH drawdown of -91.80%. Use the drawdown chart below to compare losses from any high point for BITS and BKCH.

Drawdown Indicators

	BITS	BKCH	Difference
Max Drawdown Largest peak-to-trough decline	-83.11%	-91.80%	+8.69%
Max Drawdown (1Y) Largest decline over 1 year	-48.38%	-56.28%	+7.90%
Max Drawdown (3Y) Largest decline over 3 years	-48.38%	-57.99%	+9.61%
Max Drawdown (5Y) Largest decline over 5 years	—	-91.80%	—
Current Drawdown Current decline from peak	-41.58%	-49.91%	+8.33%
Average Drawdown Average peak-to-trough decline	-42.59%	-61.68%	+19.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.29%	32.17%	-3.88%

Volatility

BITS vs. BKCH - Volatility Comparison

The current volatility for Global X Blockchain & Bitcoin Strategy ETF (BITS) is 12.34%, while Global X Blockchain ETF (BKCH) has a volatility of 17.36%. This indicates that BITS 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

	BITS	BKCH	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.34%	17.36%	-5.02%
Volatility (6M) Calculated over the trailing 6-month period	40.40%	50.68%	-10.28%
Volatility (1Y) Calculated over the trailing 1-year period	53.28%	70.48%	-17.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.68%	75.30%	-14.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.68%	75.30%	-14.62%

BITS vs. BKCH - Expense Ratio Comparison

BITS has a 0.65% expense ratio, which is higher than BKCH's 0.50% expense ratio.

Dividends

BITS vs. BKCH - Dividend Comparison

BITS's dividend yield for the trailing twelve months is around 25.64%, more than BKCH's 1.82% yield.

Position	TTM	2025	2024	2023	2022	2021
BITS Global X Blockchain & Bitcoin Strategy ETF	25.64%	22.80%	29.49%	13.69%	0.48%	1.90%
BKCH Global X Blockchain ETF	1.82%	2.00%	7.61%	2.33%	1.29%	4.28%

Frequently Asked Questions

Can I hold both BITS and BKCH in my portfolio?

With a correlation of 0.95, BITS 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, BITS or BKCH?

BKCH has higher volatility (17.36%) compared to BITS (12.34%). In terms of maximum drawdown, BITS dropped -83.11% vs BKCH's -91.80%.

Which ETF is better, BITS or BKCH?

On 3-year performance, BITS leads with 28.57% vs 22.21% for BKCH. On fees, BKCH is cheaper at 0.50% per year. On volatility, BITS has been the lower-risk option at 12.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITS or BKCH?

Over the 3-year period, BITS has performed better with a 28.57% return vs 22.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITS or BKCH?

BKCH is cheaper with a 0.50% expense ratio, compared with 0.65% for BITS.

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

BITS has the higher dividend yield at 25.64%, compared with 1.82% for BKCH.

What is the main difference between BITS and BKCH?

BITS is categorized as Cryptocurrency, while BKCH is Blockchain. BITS tracks NONE, while BKCH tracks Solactive Blockchain Index. Their fees differ too: 0.65% for BITS and 0.50% for BKCH.

Which has better risk-adjusted returns?

BKCH currently has the higher Sharpe Ratio (0.24 vs -0.29), 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.