BKCH.L vs. BKCG.L

Last updated Jul 16, 2026

BKCH.L (Global X Blockchain UCITS ETF USD Acc) and BKCG.L (Global X Blockchain UCITS ETF USD Accumulating) are both exchange-traded funds - BKCH.L is a Blockchain fund tracking the Solactive Blockchain v2 Index, while BKCG.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 3 years, BKCH.L returned 26.30%/yr vs 24.00%/yr for BKCG.L. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.50% expense ratio.

Performance

BKCH.L vs. BKCG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Blockchain UCITS ETF USD Acc (BKCH.L) and Global X Blockchain UCITS ETF USD Accumulating (BKCG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BKCH.L is traded in USD, while BKCG.L is traded in GBP. To make them comparable, the BKCG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BKCH.L achieves a 7.69% return, which is significantly higher than BKCG.L's 6.65% return.

BKCH.L

• 1D: 1.32%
• 1M: -21.90%
• 6M: -15.41%
• YTD: 7.69%
• 1Y: 28.89%
• 3Y*: 26.30%
• 5Y*: —
• 10Y*: —

BKCG.L

• 1D: 0.00%
• 1M: -22.76%
• 6M: -16.29%
• YTD: 6.65%
• 1Y: 27.92%
• 3Y*: 24.00%
• 5Y*: —
• 10Y*: —

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

BKCH.L vs. BKCG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BKCH.L Global X Blockchain UCITS ETF USD Acc	7.69%	31.86%	5.41%	332.10%	-80.25%
BKCG.L Global X Blockchain UCITS ETF USD Accumulating	6.65%	32.45%	5.20%	329.79%	-79.76%

Correlation

The correlation between BKCH.L and BKCG.L is 0.98 - 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jan 25, 2022	0.98

The correlation between BKCH.L and BKCG.L has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

Return for Risk

BKCH.L vs. BKCG.L — Risk / Return Rank

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

BKCH.L

BKCH.L Risk / Return Rank: 17
BKCH.L Sharpe Ratio Rank: 15
BKCH.L Sortino Ratio Rank: 20
BKCH.L Omega Ratio Rank: 19
BKCH.L Calmar Ratio Rank: 15
BKCH.L Martin Ratio Rank: 14

BKCG.L

BKCG.L Risk / Return Rank: 18
BKCG.L Sharpe Ratio Rank: 16
BKCG.L Sortino Ratio Rank: 22
BKCG.L Omega Ratio Rank: 20
BKCG.L Calmar Ratio Rank: 17
BKCG.L Martin Ratio Rank: 14

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.

BKCH.L vs. BKCG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain UCITS ETF USD Acc (BKCH.L) and Global X Blockchain UCITS ETF USD Accumulating (BKCG.L). 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.

	BKCH.L	BKCG.L	Difference
Sharpe ratio: Return per unit of total volatility	0.35	0.40	-0.05
Sortino ratio: Return per unit of downside risk	0.97	1.02	-0.06
Omega ratio: Gain probability vs. loss probability	1.11	1.12	-0.01
Calmar ratio: Return relative to maximum drawdown	0.44	0.51	-0.07
Martin ratio: Return relative to average drawdown	0.77	0.88	-0.12

BKCH.L vs. BKCG.L - Sharpe Ratio Comparison

The current BKCH.L Sharpe Ratio is 0.35, which is comparable to the BKCG.L Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of BKCH.L and BKCG.L, 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

BKCH.L vs. BKCG.L - Drawdown Comparison

The maximum BKCH.L drawdown since its inception was -84.50%, roughly equal to the maximum BKCG.L drawdown of -84.44%. Use the drawdown chart below to compare losses from any high point for BKCH.L and BKCG.L.

Drawdown Indicators

	BKCH.L	BKCG.L	Difference
Max Drawdown Largest peak-to-trough decline	-84.50%	-84.44%	-0.06%
Max Drawdown (1Y) Largest decline over 1 year	-55.03%	-54.70%	-0.33%
Max Drawdown (3Y) Largest decline over 3 years	-57.99%	-57.47%	-0.52%
Current Drawdown Current decline from peak	-40.83%	-41.40%	+0.57%
Average Drawdown Average peak-to-trough decline	-45.27%	-45.17%	-0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.97%	31.73%	+0.24%

Volatility

BKCH.L vs. BKCG.L - Volatility Comparison

Global X Blockchain UCITS ETF USD Acc (BKCH.L) and Global X Blockchain UCITS ETF USD Accumulating (BKCG.L) have volatilities of 14.65% and 14.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKCH.L	BKCG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.65%	14.73%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	46.45%	47.17%	-0.72%
Volatility (1Y) Calculated over the trailing 1-year period	69.45%	70.58%	-1.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.30%	75.82%	-0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.30%	75.82%	-0.52%

BKCH.L vs. BKCG.L - Expense Ratio Comparison

Both BKCH.L and BKCG.L have an expense ratio of 0.50%.

Dividends

BKCH.L vs. BKCG.L - Dividend Comparison

Neither BKCH.L nor BKCG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BKCH.L and BKCG.L in my portfolio?

With a correlation of 0.98, BKCH.L and BKCG.L 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 ETF is better, BKCH.L or BKCG.L?

Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BKCH.L or BKCG.L?

BKCH.L and BKCG.L have the same expense ratio: 0.50% per year.

What is the main difference between BKCH.L and BKCG.L?

BKCH.L is categorized as Blockchain, while BKCG.L is Technology Equities. BKCH.L tracks Solactive Blockchain v2 Index, while BKCG.L tracks MSCI World/Information Tech NR USD.