BKCH vs. BITO

Last updated Jun 4, 2026

BKCH (Global X Blockchain ETF) and BITO (ProShares Bitcoin Strategy ETF) are both exchange-traded funds - BKCH is a Technology Equities fund actively managed by Global X, while BITO is a Cryptocurrency fund actively managed by ProShares. Both are actively managed. Over the past 3 years, BKCH returned 56.01%/yr vs 25.27%/yr for BITO. A 0.72 correlation means they provide meaningful diversification when combined. BKCH charges 0.50%/yr vs 0.95%/yr for BITO.

Performance

BKCH vs. BITO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Blockchain ETF (BKCH) and ProShares Bitcoin Strategy ETF (BITO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKCH achieves a 38.46% return, which is significantly higher than BITO's -26.37% return.

BKCH

• 1D: -3.34%
• 1M: 13.82%
• YTD: 38.46%
• 6M: 15.41%
• 1Y: 99.88%
• 3Y*: 56.01%
• 5Y*: —
• 10Y*: —

BITO

• 1D: -2.94%
• 1M: -18.61%
• YTD: -26.37%
• 6M: -30.81%
• 1Y: -41.01%
• 3Y*: 25.27%
• 5Y*: —
• 10Y*: —

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

BKCH vs. BITO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BKCH Global X Blockchain ETF	38.46%	27.14%	18.81%	267.06%	-85.10%	-23.22%
BITO ProShares Bitcoin Strategy ETF	-26.37%	-11.19%	104.45%	137.33%	-63.91%	-31.09%

Correlation

The correlation between BKCH and BITO is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (All Time) Calculated using the full available price history since Oct 20, 2021	0.72

The correlation between BKCH and BITO has been stable across timeframes, ranging from 0.67 to 0.72 - a consistent structural relationship.

Return for Risk

BKCH vs. BITO — Risk / Return Rank

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

BKCH

BKCH Risk / Return Rank: 35
BKCH Sharpe Ratio Rank: 40
BKCH Sortino Ratio Rank: 39
BKCH Omega Ratio Rank: 35
BKCH Calmar Ratio Rank: 36
BKCH Martin Ratio Rank: 25

BITO

BITO Risk / Return Rank: 2
BITO Sharpe Ratio Rank: 2
BITO Sortino Ratio Rank: 2
BITO Omega Ratio Rank: 2
BITO Calmar Ratio Rank: 2
BITO Martin Ratio Rank: 2

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 vs. BITO - Risk-Adjusted Trends 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.

	BKCH	BITO	Difference
Sharpe ratio Return per unit of total volatility	1.44	-0.95	+2.38
Sortino ratio Return per unit of downside risk	2.04	-1.35	+3.38
Omega ratio Gain probability vs. loss probability	1.24	0.85	+0.39
Calmar ratio Return relative to maximum drawdown	1.78	-0.82	+2.61
Martin ratio Return relative to average drawdown	3.31	-1.41	+4.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BKCH vs. BITO - Sharpe Ratio Comparison

The current BKCH Sharpe Ratio is 1.44, which is higher than the BITO Sharpe Ratio of -0.95. The chart below compares the historical Sharpe Ratios of BKCH and BITO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BKCH	BITO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	-0.95	+2.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	-0.09	+0.12

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.

Drawdown Indicators

	BKCH	BITO	Difference
Max Drawdown Largest peak-to-trough decline	-91.80%	-77.86%	-13.94%
Max Drawdown (1Y) Largest decline over 1 year	-56.28%	-50.05%	-6.23%
Max Drawdown (3Y) Largest decline over 3 years	-57.99%	-50.05%	-7.94%
Current Drawdown Current decline from peak	-33.62%	-49.22%	+15.60%
Average Drawdown Average peak-to-trough decline	-62.13%	-36.73%	-25.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.25%	29.09%	+1.16%

Volatility

BKCH vs. BITO - Volatility Comparison

Global X Blockchain ETF (BKCH) has a higher volatility of 18.09% compared to ProShares Bitcoin Strategy ETF (BITO) at 9.43%. 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.

Volatility by Period

	BKCH	BITO	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.09%	9.43%	+8.66%
Volatility (6M) Calculated over the trailing 6-month period	51.40%	34.26%	+17.14%
Volatility (1Y) Calculated over the trailing 1-year period	69.90%	43.57%	+26.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.43%	55.11%	+20.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.43%	55.11%	+20.32%

BKCH vs. BITO - Expense Ratio Comparison

BKCH has a 0.50% expense ratio, which is lower than BITO's 0.95% expense ratio.

Dividends

BKCH vs. BITO - Dividend Comparison

BKCH's dividend yield for the trailing twelve months is around 1.44%, less than BITO's 67.63% yield.

Position	TTM	2025	2024	2023	2022	2021
BITO ProShares Bitcoin Strategy ETF	67.63%	78.29%	61.59%	15.14%	0.00%	0.00%
BKCH Global X Blockchain ETF	1.44%	2.00%	7.61%	2.33%	1.29%	4.28%

Frequently Asked Questions

Can I hold both BKCH and BITO in my portfolio?

BKCH and BITO have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKCH or BITO?

BKCH has higher volatility (18.09%) compared to BITO (9.43%). In terms of maximum drawdown, BKCH dropped -91.80% vs BITO's -77.86%.

Which ETF is better, BKCH or BITO?

On 3-year performance, BKCH leads with 56.01% vs 25.27% for BITO. On fees, BKCH is cheaper at 0.50% per year. On volatility, BITO has been the lower-risk option at 9.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKCH or BITO?

Over the 3-year period, BKCH has performed better with a 56.01% return vs 25.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKCH or BITO?

BKCH is cheaper with a 0.50% expense ratio, compared with 0.95% for BITO.

Which ETF pays a higher dividend yield, BKCH or BITO?

BITO has the higher dividend yield at 67.63%, compared with 1.44% for BKCH.

What is the main difference between BKCH and BITO?

BKCH is categorized as Technology Equities, while BITO is Cryptocurrency. They also come from different issuers: Global X and ProShares. Their fees differ too: 0.50% for BKCH and 0.95% for BITO.

Which has better risk-adjusted returns?

BKCH currently has the higher Sharpe Ratio (1.44 vs -0.94), 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.