BKCH vs. BITQ
Compare and contrast key facts about Global X Blockchain ETF (BKCH) and Bitwise Crypto Industry Innovators ETF (BITQ).
BKCH and BITQ 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. BITQ is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Bitwise Crypto Innovators 30 Total Return. It was launched on May 11, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BKCH or BITQ.
Key characteristics
| BKCH | BITQ | |
|---|---|---|
| YTD Return | -10.34% | -5.35% |
| 1Y Return | 85.65% | 79.49% |
| Sharpe Ratio | 1.17 | 1.23 |
| Daily Std Dev | 76.78% | 65.95% |
| Max Drawdown | -91.80% | -90.32% |
| Current Drawdown | -71.54% | -66.45% |
Correlation
The correlation between BKCH and BITQ is 0.97, 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.
Performance
BKCH vs. BITQ - Performance Comparison
In the year-to-date period, BKCH achieves a -10.34% return, which is significantly lower than BITQ's -5.35% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BKCH vs. BITQ - Expense Ratio Comparison
BKCH has a 0.50% expense ratio, which is lower than BITQ's 0.85% expense ratio.
Risk-Adjusted Performance
BKCH vs. BITQ - Risk-Adjusted Performance 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.
Dividends
BKCH vs. BITQ - Dividend Comparison
BKCH's dividend yield for the trailing twelve months is around 2.60%, more than BITQ's 1.60% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
BKCH Global X Blockchain ETF | 2.60% | 2.33% | 1.29% | 4.28% |
BITQ Bitwise Crypto Industry Innovators ETF | 1.60% | 1.51% | 0.00% | 3.12% |
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. For additional features, visit the drawdowns tool.
Volatility
BKCH vs. BITQ - Volatility Comparison
Global X Blockchain ETF (BKCH) has a higher volatility of 19.27% compared to Bitwise Crypto Industry Innovators ETF (BITQ) at 17.19%. 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.