BKCH vs. BITQ

Last updated Jun 23, 2026

BKCH (Global X Blockchain ETF) and BITQ (Bitwise Crypto Industry Innovators ETF) are both Blockchain funds - BKCH tracks the Solactive Blockchain Index while BITQ tracks the Bitwise Crypto Innovators 30 Index. Both are passively managed. Over the past 3 years, BKCH returned 49.14%/yr vs 54.38%/yr for BITQ. With a 0.97 correlation, they move nearly in lockstep. BKCH charges 0.50%/yr vs 0.85%/yr for BITQ.

Performance

BKCH vs. BITQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Blockchain ETF (BKCH) and Bitwise Crypto Industry Innovators ETF (BITQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKCH achieves a 35.50% return, which is significantly lower than BITQ's 38.23% return.

BKCH

• 1D: -0.96%
• 1M: 0.34%
• YTD: 35.50%
• 6M: 21.86%
• 1Y: 92.11%
• 3Y*: 49.14%
• 5Y*: —
• 10Y*: —

BITQ

• 1D: -1.15%
• 1M: 2.72%
• YTD: 38.23%
• 6M: 26.55%
• 1Y: 53.06%
• 3Y*: 54.38%
• 5Y*: 5.66%
• 10Y*: —

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

BKCH vs. BITQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BKCH Global X Blockchain ETF	35.50%	27.14%	18.81%	267.06%	-85.10%	-6.69%
BITQ Bitwise Crypto Industry Innovators ETF	38.23%	18.00%	46.97%	246.83%	-83.86%	0.98%

Correlation

The correlation between BKCH and BITQ is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021	0.97

The correlation between BKCH and BITQ has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

Return for Risk

BKCH vs. BITQ — Risk / Return Rank

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

BKCH

BKCH Risk / Return Rank: 34
BKCH Sharpe Ratio Rank: 38
BKCH Sortino Ratio Rank: 38
BKCH Omega Ratio Rank: 35
BKCH Calmar Ratio Rank: 34
BKCH Martin Ratio Rank: 24

BITQ

BITQ Risk / Return Rank: 26
BITQ Sharpe Ratio Rank: 27
BITQ Sortino Ratio Rank: 29
BITQ Omega Ratio Rank: 27
BITQ Calmar Ratio Rank: 25
BITQ Martin Ratio Rank: 21

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. BITQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain ETF (BKCH) and Bitwise Crypto Industry Innovators ETF (BITQ). 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	BITQ	Difference
Sharpe ratio: Return per unit of total volatility	1.32	0.94	+0.38
Sortino ratio: Return per unit of downside risk	1.93	1.53	+0.40
Omega ratio: Gain probability vs. loss probability	1.23	1.18	+0.05
Calmar ratio: Return relative to maximum drawdown	1.65	1.19	+0.46
Martin ratio: Return relative to average drawdown	2.99	2.48	+0.51

BKCH vs. BITQ - Sharpe Ratio Comparison

The current BKCH Sharpe Ratio is 1.32, which is higher than the BITQ Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of BKCH and BITQ, 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 vs. BITQ - Drawdown Comparison

The maximum BKCH drawdown since its inception was -91.80%, roughly equal to the maximum BITQ drawdown of -90.32%. Use the drawdown chart below to compare losses from any high point for BKCH and BITQ.

Drawdown Indicators

	BKCH	BITQ	Difference
Max Drawdown Largest peak-to-trough decline	-91.80%	-90.32%	-1.48%
Max Drawdown (1Y) Largest decline over 1 year	-56.28%	-44.99%	-11.29%
Max Drawdown (3Y) Largest decline over 3 years	-57.99%	-51.22%	-6.77%
Max Drawdown (5Y) Largest decline over 5 years	—	-90.32%	—
Current Drawdown Current decline from peak	-35.04%	-15.02%	-20.02%
Average Drawdown Average peak-to-trough decline	-61.87%	-52.55%	-9.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.90%	21.49%	+9.41%

Volatility

BKCH vs. BITQ - Volatility Comparison

Global X Blockchain ETF (BKCH) has a higher volatility of 18.71% compared to Bitwise Crypto Industry Innovators ETF (BITQ) at 16.68%. This indicates that BKCH's price experiences larger fluctuations and is considered to be riskier than BITQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKCH	BITQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.71%	16.68%	+2.03%
Volatility (6M) Calculated over the trailing 6-month period	51.23%	42.98%	+8.25%
Volatility (1Y) Calculated over the trailing 1-year period	70.48%	56.98%	+13.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.43%	67.31%	+8.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.43%	67.26%	+8.17%

BKCH vs. BITQ - Expense Ratio Comparison

BKCH has a 0.50% expense ratio, which is lower than BITQ's 0.85% expense ratio.

Dividends

BKCH vs. BITQ - Dividend Comparison

BKCH's dividend yield for the trailing twelve months is around 1.48%, while BITQ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
BITQ Bitwise Crypto Industry Innovators ETF	0.00%	0.00%	0.90%	1.51%	0.00%	3.12%
BKCH Global X Blockchain ETF	1.48%	2.00%	7.61%	2.33%	1.29%	4.28%

Frequently Asked Questions

Can I hold both BKCH and BITQ in my portfolio?

With a correlation of 0.97, BKCH and BITQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BKCH or BITQ?

BKCH has higher volatility (18.71%) compared to BITQ (16.68%). In terms of maximum drawdown, BKCH dropped -91.80% vs BITQ's -90.32%.

Which ETF is better, BKCH or BITQ?

On 3-year performance, BITQ leads with 54.38% vs 49.14% for BKCH. On fees, BKCH is cheaper at 0.50% per year. On volatility, BITQ has been the lower-risk option at 16.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKCH or BITQ?

Over the 3-year period, BITQ has performed better with a 54.38% return vs 49.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKCH or BITQ?

BKCH is cheaper with a 0.50% expense ratio, compared with 0.85% for BITQ.

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

BKCH has the higher dividend yield at 1.48%, compared with 0.00% for BITQ.

What is the main difference between BKCH and BITQ?

BKCH tracks Solactive Blockchain Index, while BITQ tracks Bitwise Crypto Innovators 30 Index. They also come from different issuers: Global X and Bitwise. Their fees differ too: 0.50% for BKCH and 0.85% for BITQ.

Which has better risk-adjusted returns?

BKCH currently has the higher Sharpe Ratio (1.32 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.