BKCH vs. BITQ
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 5 years, BKCH returned -4.86%/yr vs 1.06%/yr for BITQ. Their 0.97 correlation means they have historically moved very closely together. BKCH charges 0.50%/yr vs 0.85%/yr for BITQ.
Performance
BKCH vs. BITQ - Performance Comparison
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Returns By Period
In the year-to-date period, BKCH achieves a 2.32% return, which is significantly lower than BITQ's 14.35% return.
BKCH
- 1D
- -4.05%
- 1M
- -4.79%
- 6M
- -9.27%
- YTD
- 2.32%
- 1Y
- 24.30%
- 3Y*
- 25.18%
- 5Y*
- -4.86%
- 10Y*
- —
- ALL TIME*
- -4.60%
BITQ
- 1D
- -3.47%
- 1M
- -4.20%
- 6M
- 7.60%
- YTD
- 14.35%
- 1Y
- 20.58%
- 3Y*
- 33.54%
- 5Y*
- 1.06%
- 10Y*
- —
- ALL TIME*
- -0.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.41M | $2.10M | $3.18M | |
| $2.74M | $3.50M | $7.93M |
BKCH vs. BITQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BKCH Global X Blockchain ETF | 2.32% | 27.14% | 18.81% | 267.06% | -85.10% | -6.69% |
BITQ Bitwise Crypto Industry Innovators ETF | 14.35% | 18.00% | 46.97% | 246.83% | -83.86% | 0.98% |
Correlation
The correlation between BKCH and BITQ is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer 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.
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Return for Risk
BKCH vs. BITQ — Risk / Return Rank
BKCH
BITQ
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 ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.08 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 0.26 | -0.03 |
| Martin ratioReturn relative to average drawdown | 0.38 | 0.53 | -0.14 |
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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.
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Drawdown Indicators
| BKCH | BITQ | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 | -91.80% | -90.32% | -1.48% |
Current DrawdownCurrent decline from peak | -50.95% | -29.70% | -21.25% |
Average DrawdownAverage peak-to-trough decline | -61.54% | -51.99% | -9.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.68% | 22.41% | +11.27% |
Volatility
BKCH vs. BITQ - Volatility Comparison
Global X Blockchain ETF (BKCH) has a higher volatility of 26.46% compared to Bitwise Crypto Industry Innovators ETF (BITQ) at 19.68%. 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.
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Volatility by Period
| BKCH | BITQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.46% | 19.68% | +6.78% |
Volatility (6M)Calculated over the trailing 6-month period | 53.86% | 44.50% | +9.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.67% | 59.30% | +14.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.43% | 67.22% | +8.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.62% | 67.16% | +8.46% |
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 1.86%, 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 | 1.86% | 2.00% | 7.61% | 2.33% | 1.29% | 4.28% |
Frequently Asked Questions
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.
BKCH has higher volatility (26.46%) compared to BITQ (19.68%). In terms of maximum drawdown, BKCH dropped -91.80% vs BITQ's -90.32%.
On 5-year performance, BITQ leads with 1.06% vs -4.86% for BKCH. On fees, BKCH is cheaper at 0.50% per year. On volatility, BITQ has been the lower-risk option at 19.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BITQ has performed better with a 1.06% return vs -4.86%. 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 0.85% for BITQ.
BKCH has the higher dividend yield at 1.86%, compared with 0.00% for 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.
BITQ currently has the higher Sharpe Ratio (0.20 vs 0.18), 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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