BKCH vs. BETH
BKCH (Global X Blockchain ETF) and BETH (ProShares Bitcoin & Ether Market Cap Weight ETF) are both exchange-traded funds - BKCH is a Blockchain fund tracking the Solactive Blockchain Index, while BETH is a Cryptocurrency fund actively managed by ProShares. BKCH is passively managed, while BETH is actively managed. Over the past year, BKCH returned 23.59% vs -47.04% for BETH. Their 0.68 correlation means they have sometimes moved together and sometimes differently. BKCH charges 0.50%/yr vs 0.95%/yr for BETH.
Performance
BKCH vs. BETH - Performance Comparison
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Returns By Period
In the year-to-date period, BKCH achieves a 6.75% return, which is significantly higher than BETH's -29.93% return.
BKCH
- 1D
- 0.21%
- 1M
- -0.67%
- 6M
- -3.07%
- YTD
- 6.75%
- 1Y
- 23.59%
- 3Y*
- 30.82%
- 5Y*
- -5.83%
- 10Y*
- —
- ALL TIME*
- -3.79%
BETH
- 1D
- 0.58%
- 1M
- 4.86%
- 6M
- -17.82%
- YTD
- -29.93%
- 1Y
- -47.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $30.14K | $36.57K | $71.03K | |
| $2.64M | $3.41M | $7.65M |
BKCH vs. BETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BKCH Global X Blockchain ETF | 6.75% | 27.14% | 18.81% | 101.61% |
BETH ProShares Bitcoin & Ether Market Cap Weight ETF | -29.93% | -11.20% | 85.03% | 39.34% |
Correlation
The correlation between BKCH and BETH is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023 | 0.68 |
The correlation between BKCH and BETH has been stable across timeframes, ranging from 0.66 to 0.68 - a consistent structural relationship.
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Return for Risk
BKCH vs. BETH — Risk / Return Rank
BKCH
BETH
BKCH vs. BETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain ETF (BKCH) and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH). 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 | BETH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +2.46 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.84 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | -0.83 | +1.25 |
| Martin ratioReturn relative to average drawdown | 0.70 | -1.25 | +1.95 |
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Drawdowns
BKCH vs. BETH - Drawdown Comparison
The maximum BKCH drawdown since its inception was -91.80%, which is greater than BETH's maximum drawdown of -57.12%. Use the drawdown chart below to compare losses from any high point for BKCH and BETH.
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Drawdown Indicators
| BKCH | BETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.80% | -57.12% | -34.68% |
Max Drawdown (1Y)Largest decline over 1 year | -56.28% | -57.12% | +0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -57.99% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -91.80% | — | — |
Current DrawdownCurrent decline from peak | -48.82% | -52.65% | +3.83% |
Average DrawdownAverage peak-to-trough decline | -61.52% | -19.74% | -41.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.88% | 37.68% | -3.80% |
Volatility
BKCH vs. BETH - Volatility Comparison
Global X Blockchain ETF (BKCH) has a higher volatility of 25.51% compared to ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) at 8.53%. This indicates that BKCH's price experiences larger fluctuations and is considered to be riskier than BETH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKCH | BETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.51% | 8.53% | +16.98% |
Volatility (6M)Calculated over the trailing 6-month period | 53.54% | 34.82% | +18.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.14% | 47.57% | +25.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.43% | 50.57% | +24.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.58% | 50.57% | +25.01% |
BKCH vs. BETH - Expense Ratio Comparison
BKCH has a 0.50% expense ratio, which is lower than BETH's 0.95% expense ratio.
Dividends
BKCH vs. BETH - Dividend Comparison
BKCH's dividend yield for the trailing twelve months is around 1.79%, less than BETH's 41.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BETH ProShares Bitcoin & Ether Market Cap Weight ETF | 41.33% | 57.68% | 19.71% | 0.36% | 0.00% | 0.00% |
BKCH Global X Blockchain ETF | 1.79% | 2.00% | 7.61% | 2.33% | 1.29% | 4.28% |
Frequently Asked Questions
BKCH and BETH 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.
BKCH has higher volatility (25.51%) compared to BETH (8.53%). In terms of maximum drawdown, BKCH dropped -91.80% vs BETH's -57.12%.
On 1-year performance, BKCH leads with 23.59% vs -47.04% for BETH. On fees, BKCH is cheaper at 0.50% per year. On volatility, BETH has been the lower-risk option at 8.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BKCH has performed better with a 23.59% return vs -47.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BKCH is cheaper with a 0.50% expense ratio, compared with 0.95% for BETH.
BETH has the higher dividend yield at 41.33%, compared with 1.79% for BKCH.
BKCH is categorized as Blockchain, while BETH is Cryptocurrency. They also come from different issuers: Global X and ProShares. Their fees differ too: 0.50% for BKCH and 0.95% for BETH.
BKCH currently has the higher Sharpe Ratio (0.32 vs -0.99), 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.
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