BKCG.L vs. BTC-USD
BKCG.L (Global X Blockchain UCITS ETF USD Accumulating) is Technology Equities fund tracking the MSCI World/Information Tech NR USD, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 3 years, BKCG.L returned 56.44%/yr vs 31.62%/yr for BTC-USD. At a 0.37 correlation, their price movements are largely independent.
Performance
BKCG.L vs. BTC-USD - Performance Comparison
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Different Trading Currencies
BKCG.L is traded in GBP, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, BKCG.L achieves a 35.75% return, which is significantly higher than BTC-USD's -27.31% return.
BKCG.L
- 1D
- -3.52%
- 1M
- 10.26%
- YTD
- 35.75%
- 6M
- 10.16%
- 1Y
- 105.28%
- 3Y*
- 56.44%
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -1.08%
- 1M
- -20.99%
- YTD
- -27.31%
- 6M
- -31.69%
- 1Y
- -38.94%
- 3Y*
- 31.62%
- 5Y*
- 12.64%
- 10Y*
- 60.90%
BKCG.L vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BKCG.L Global X Blockchain UCITS ETF USD Accumulating | 35.75% | 23.16% | 6.98% | 308.24% | -77.39% |
BTC-USD Bitcoin | -27.31% | -12.95% | 125.81% | 140.73% | -49.90% |
Correlation
The correlation between BKCG.L and BTC-USD is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2022 | 0.37 |
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Return for Risk
BKCG.L vs. BTC-USD — Risk / Return Rank
BKCG.L
BTC-USD
BKCG.L vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain UCITS ETF USD Accumulating (BKCG.L) and Bitcoin (BTC-USD). 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.
| BKCG.L | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.50 | ||
| Sortino ratioReturn per unit of downside risk | +3.36 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.86 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | -0.78 | +2.72 |
| Martin ratioReturn relative to average drawdown | 3.51 | -1.39 | +4.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BKCG.L | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | -0.93 | +2.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.23 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 1.14 | -0.98 |
Drawdowns
BKCG.L vs. BTC-USD - Drawdown Comparison
The maximum BKCG.L drawdown since its inception was -82.56%, roughly equal to the maximum BTC-USD drawdown of -84.19%. Use the drawdown chart below to compare losses from any high point for BKCG.L and BTC-USD.
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Drawdown Indicators
| BKCG.L | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.56% | -84.19% | +1.63% |
Max Drawdown (1Y)Largest decline over 1 year | -54.08% | -49.84% | -4.24% |
Max Drawdown (3Y)Largest decline over 3 years | -57.72% | -49.84% | -7.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -73.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.15% | — |
Current DrawdownCurrent decline from peak | -25.72% | -48.98% | +23.26% |
Average DrawdownAverage peak-to-trough decline | -43.37% | -40.26% | -3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.84% | 33.59% | -3.75% |
Volatility
BKCG.L vs. BTC-USD - Volatility Comparison
Global X Blockchain UCITS ETF USD Accumulating (BKCG.L) has a higher volatility of 19.30% compared to Bitcoin (BTC-USD) at 10.38%. This indicates that BKCG.L's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKCG.L | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.30% | 10.38% | +8.92% |
Volatility (6M)Calculated over the trailing 6-month period | 45.66% | 33.67% | +11.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.15% | 34.71% | +32.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.54% | 44.81% | +29.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.54% | 56.04% | +18.50% |
Frequently Asked Questions
BKCG.L and BTC-USD have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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