BKCH.L vs. SDIP.L

Last updated Jul 16, 2026

BKCH.L (Global X Blockchain UCITS ETF USD Acc) and SDIP.L (Global X SuperDividend UCITS ETF USD Distributing) are both exchange-traded funds - BKCH.L is a Blockchain fund tracking the Solactive Blockchain v2 Index, while SDIP.L is a Dividend fund tracking the Solactive Global SuperDividend Index. Both are passively managed. Over the past 3 years, BKCH.L returned 26.30%/yr vs 13.06%/yr for SDIP.L. At a 0.38 correlation, their price movements are largely independent. BKCH.L charges 0.50%/yr vs 0.45%/yr for SDIP.L.

Performance

BKCH.L vs. SDIP.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 SuperDividend UCITS ETF USD Distributing (SDIP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BKCH.L is traded in USD, while SDIP.L is traded in GBP. To make them comparable, the SDIP.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 lower than SDIP.L's 8.37% return.

BKCH.L

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

SDIP.L

• 1D: 0.87%
• 1M: 0.56%
• 6M: 4.50%
• YTD: 8.37%
• 1Y: 17.06%
• 3Y*: 13.06%
• 5Y*: —
• 10Y*: —

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

BKCH.L vs. SDIP.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%	-82.88%
SDIP.L Global X SuperDividend UCITS ETF USD Distributing	8.37%	27.58%	-0.07%	5.68%	-26.39%

Correlation

The correlation between BKCH.L and SDIP.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (All Time) Calculated using the full available price history since Feb 17, 2022	0.38

The correlation between BKCH.L and SDIP.L shifts across timeframes, from 0.22 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BKCH.L vs. SDIP.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

SDIP.L

SDIP.L Risk / Return Rank: 64
SDIP.L Sharpe Ratio Rank: 62
SDIP.L Sortino Ratio Rank: 63
SDIP.L Omega Ratio Rank: 62
SDIP.L Calmar Ratio Rank: 72
SDIP.L Martin Ratio Rank: 60

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. SDIP.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 SuperDividend UCITS ETF USD Distributing (SDIP.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	SDIP.L	Difference
Sharpe ratio: Return per unit of total volatility	0.35	1.55	-1.20
Sortino ratio: Return per unit of downside risk	0.97	2.18	-1.22
Omega ratio: Gain probability vs. loss probability	1.11	1.27	-0.16
Calmar ratio: Return relative to maximum drawdown	0.44	2.64	-2.19
Martin ratio: Return relative to average drawdown	0.77	6.48	-5.72

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

The current BKCH.L Sharpe Ratio is 0.35, which is lower than the SDIP.L Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of BKCH.L and SDIP.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. SDIP.L - Drawdown Comparison

The maximum BKCH.L drawdown since its inception was -84.50%, which is greater than SDIP.L's maximum drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for BKCH.L and SDIP.L.

Drawdown Indicators

	BKCH.L	SDIP.L	Difference
Max Drawdown Largest peak-to-trough decline	-84.50%	-34.50%	-50.00%
Max Drawdown (1Y) Largest decline over 1 year	-55.03%	-6.44%	-48.59%
Max Drawdown (3Y) Largest decline over 3 years	-57.99%	-19.21%	-38.78%
Current Drawdown Current decline from peak	-40.83%	-3.16%	-37.67%
Average Drawdown Average peak-to-trough decline	-45.27%	-18.07%	-27.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.97%	2.63%	+29.34%

Volatility

BKCH.L vs. SDIP.L - Volatility Comparison

Global X Blockchain UCITS ETF USD Acc (BKCH.L) has a higher volatility of 14.65% compared to Global X SuperDividend UCITS ETF USD Distributing (SDIP.L) at 2.50%. This indicates that BKCH.L's price experiences larger fluctuations and is considered to be riskier than SDIP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKCH.L	SDIP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.65%	2.50%	+12.15%
Volatility (6M) Calculated over the trailing 6-month period	46.45%	8.16%	+38.29%
Volatility (1Y) Calculated over the trailing 1-year period	69.45%	11.02%	+58.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.30%	18.00%	+57.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.30%	18.00%	+57.30%

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

BKCH.L has a 0.50% expense ratio, which is higher than SDIP.L's 0.45% expense ratio.

Dividends

BKCH.L vs. SDIP.L - Dividend Comparison

BKCH.L has not paid dividends to shareholders, while SDIP.L's dividend yield for the trailing twelve months is around 9.36%.

Position	TTM	2025	2024	2023	2022
BKCH.L Global X Blockchain UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%
SDIP.L Global X SuperDividend UCITS ETF USD Distributing	9.36%	9.39%	11.34%	12.51%	8.71%

Frequently Asked Questions

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

BKCH.L and SDIP.L have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BKCH.L or SDIP.L?

On fees, SDIP.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

SDIP.L is cheaper with a 0.45% expense ratio, compared with 0.50% for BKCH.L.

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

BKCH.L is categorized as Blockchain, while SDIP.L is Dividend. BKCH.L tracks Solactive Blockchain v2 Index, while SDIP.L tracks Solactive Global SuperDividend Index. Their fees differ too: 0.50% for BKCH.L and 0.45% for SDIP.L.