BKCH.L vs. URNU.L
BKCH.L (Global X Blockchain UCITS ETF USD Acc) and URNU.L (Global X Uranium UCITS ETF USD Acc) are both exchange-traded funds - BKCH.L is a Blockchain fund tracking the Solactive Blockchain v2 Index, while URNU.L is a Uranium fund tracking the Solactive Global Uranium & Nuclear Components Total Return v2 Index. Both are passively managed. Over the past 3 years, BKCH.L returned 26.30%/yr vs 29.18%/yr for URNU.L. At a 0.47 correlation, their price movements are largely independent. BKCH.L charges 0.50%/yr vs 0.65%/yr for URNU.L.
Performance
BKCH.L vs. URNU.L - Performance Comparison
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Returns By Period
In the year-to-date period, BKCH.L achieves a 7.69% return, which is significantly higher than URNU.L's -5.06% return.
BKCH.L
- 1D
- 1.32%
- 1M
- -21.90%
- 6M
- -15.41%
- YTD
- 7.69%
- 1Y
- 28.89%
- 3Y*
- 26.30%
- 5Y*
- —
- 10Y*
- —
URNU.L
- 1D
- -2.10%
- 1M
- -16.13%
- 6M
- -22.49%
- YTD
- -5.06%
- 1Y
- 10.20%
- 3Y*
- 29.18%
- 5Y*
- —
- 10Y*
- —
BKCH.L vs. URNU.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% | -45.07% |
URNU.L Global X Uranium UCITS ETF USD Acc | -5.06% | 70.50% | 1.19% | 39.91% | 9.76% |
Correlation
The correlation between BKCH.L and URNU.L is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2022 | 0.47 |
The correlation between BKCH.L and URNU.L shifts across timeframes, from 0.47 (all time) to 0.66 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BKCH.L vs. URNU.L — Risk / Return Rank
BKCH.L
URNU.L
BKCH.L vs. URNU.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 Uranium UCITS ETF USD Acc (URNU.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 | URNU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.07 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 0.31 | +0.14 |
| Martin ratioReturn relative to average drawdown | 0.77 | 0.62 | +0.14 |
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Drawdowns
BKCH.L vs. URNU.L - Drawdown Comparison
The maximum BKCH.L drawdown since its inception was -84.50%, which is greater than URNU.L's maximum drawdown of -38.66%. Use the drawdown chart below to compare losses from any high point for BKCH.L and URNU.L.
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Drawdown Indicators
| BKCH.L | URNU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.50% | -38.66% | -45.84% |
Max Drawdown (1Y)Largest decline over 1 year | -55.03% | -33.08% | -21.95% |
Max Drawdown (3Y)Largest decline over 3 years | -57.99% | -38.66% | -19.33% |
Current DrawdownCurrent decline from peak | -40.83% | -32.58% | -8.25% |
Average DrawdownAverage peak-to-trough decline | -45.27% | -11.77% | -33.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.97% | 16.37% | +15.60% |
Volatility
BKCH.L vs. URNU.L - Volatility Comparison
Global X Blockchain UCITS ETF USD Acc (BKCH.L) has a higher volatility of 14.65% compared to Global X Uranium UCITS ETF USD Acc (URNU.L) at 10.24%. This indicates that BKCH.L's price experiences larger fluctuations and is considered to be riskier than URNU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKCH.L | URNU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.65% | 10.24% | +4.41% |
Volatility (6M)Calculated over the trailing 6-month period | 46.45% | 35.98% | +10.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.45% | 50.88% | +18.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.30% | 41.39% | +33.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.30% | 41.39% | +33.91% |
BKCH.L vs. URNU.L - Expense Ratio Comparison
BKCH.L has a 0.50% expense ratio, which is lower than URNU.L's 0.65% expense ratio.
Dividends
BKCH.L vs. URNU.L - Dividend Comparison
Neither BKCH.L nor URNU.L has paid dividends to shareholders.
Frequently Asked Questions
BKCH.L and URNU.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BKCH.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BKCH.L is cheaper with a 0.50% expense ratio, compared with 0.65% for URNU.L.
BKCH.L is categorized as Blockchain, while URNU.L is Uranium. BKCH.L tracks Solactive Blockchain v2 Index, while URNU.L tracks Solactive Global Uranium & Nuclear Components Total Return v2 Index. Their fees differ too: 0.50% for BKCH.L and 0.65% for URNU.L.
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