BKCH vs. BITO
Compare and contrast key facts about Global X Blockchain ETF (BKCH) and ProShares Bitcoin Strategy ETF (BITO).
BKCH and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BKCH is an actively managed fund by Global X. It was launched on Jul 12, 2021. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BKCH or BITO.
Performance
BKCH vs. BITO - Performance Comparison
Returns By Period
In the year-to-date period, BKCH achieves a 41.57% return, which is significantly lower than BITO's 119.51% return.
BKCH
41.57%
18.54%
49.12%
140.95%
N/A
N/A
BITO
119.51%
44.98%
42.52%
140.15%
N/A
N/A
Key characteristics
| BKCH | BITO | |
|---|---|---|
| Sharpe Ratio | 1.83 | 2.53 |
| Sortino Ratio | 2.53 | 3.01 |
| Omega Ratio | 1.29 | 1.36 |
| Calmar Ratio | 1.83 | 2.95 |
| Martin Ratio | 6.68 | 10.78 |
| Ulcer Index | 22.32% | 13.50% |
| Daily Std Dev | 81.61% | 57.58% |
| Max Drawdown | -91.80% | -77.86% |
| Current Drawdown | -55.07% | 0.00% |
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BKCH vs. BITO - Expense Ratio Comparison
BKCH has a 0.50% expense ratio, which is lower than BITO's 0.95% expense ratio.
Correlation
The correlation between BKCH and BITO is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
BKCH vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain ETF (BKCH) and ProShares Bitcoin Strategy ETF (BITO). 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.
Dividends
BKCH vs. BITO - Dividend Comparison
BKCH's dividend yield for the trailing twelve months is around 1.58%, less than BITO's 46.14% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
BKCH Global X Blockchain ETF | 1.58% | 2.33% | 1.30% | 4.28% |
BITO ProShares Bitcoin Strategy ETF | 46.14% | 15.14% | 0.00% | 0.00% |
Drawdowns
BKCH vs. BITO - Drawdown Comparison
The maximum BKCH drawdown since its inception was -91.80%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for BKCH and BITO. For additional features, visit the drawdowns tool.
Volatility
BKCH vs. BITO - Volatility Comparison
Global X Blockchain ETF (BKCH) has a higher volatility of 30.62% compared to ProShares Bitcoin Strategy ETF (BITO) at 18.04%. This indicates that BKCH's price experiences larger fluctuations and is considered to be riskier than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.