BKCH vs. BITS

Last updated Jul 15, 2026

BKCH (Global X Blockchain ETF) and BITS (Global X Blockchain & Bitcoin Strategy ETF) are both exchange-traded funds - BKCH is a Blockchain fund tracking the Solactive Blockchain Index, while BITS is a Cryptocurrency fund tracking the NONE. Both are passively managed. Over the past 3 years, BKCH returned 22.62%/yr vs 29.69%/yr for BITS. Their correlation of 0.93 suggests significant overlap in exposure. BKCH charges 0.50%/yr vs 0.65%/yr for BITS.

Performance

BKCH vs. BITS - Performance Comparison

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

Returns By Period

In the year-to-date period, BKCH achieves a 5.51% return, which is significantly higher than BITS's -8.93% return.

BKCH

• 1D: 0.99%
• 1M: -19.29%
• 6M: -15.90%
• YTD: 5.51%
• 1Y: 15.25%
• 3Y*: 22.62%
• 5Y*: -2.20%
• 10Y*: —

BITS

• 1D: 2.63%
• 1M: -8.47%
• 6M: -22.05%
• YTD: -8.93%
• 1Y: -14.59%
• 3Y*: 29.69%
• 5Y*: —
• 10Y*: —

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

BKCH vs. BITS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BKCH Global X Blockchain ETF	5.51%	27.14%	18.81%	267.06%	-85.10%	-38.41%
BITS Global X Blockchain & Bitcoin Strategy ETF	-8.93%	14.90%	61.84%	212.23%	-75.46%	-28.96%

Correlation

The correlation between BKCH and BITS is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021	0.93

The correlation between BKCH and BITS has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

BKCH vs. BITS — Risk / Return Rank

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

BKCH

BKCH Risk / Return Rank: 15
BKCH Sharpe Ratio Rank: 13
BKCH Sortino Ratio Rank: 18
BKCH Omega Ratio Rank: 17
BKCH Calmar Ratio Rank: 13
BKCH Martin Ratio Rank: 12

BITS

BITS Risk / Return Rank: 7
BITS Sharpe Ratio Rank: 7
BITS Sortino Ratio Rank: 8
BITS Omega Ratio Rank: 8
BITS Calmar Ratio Rank: 7
BITS Martin Ratio Rank: 7

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. BITS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain ETF (BKCH) and Global X Blockchain & Bitcoin Strategy ETF (BITS). 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	BITS	Difference
Sharpe ratio: Return per unit of total volatility	0.22	-0.28	+0.49
Sortino ratio: Return per unit of downside risk	0.81	-0.04	+0.85
Omega ratio: Gain probability vs. loss probability	1.09	1.00	+0.10
Calmar ratio: Return relative to maximum drawdown	0.27	-0.30	+0.57
Martin ratio: Return relative to average drawdown	0.47	-0.51	+0.99

BKCH vs. BITS - Sharpe Ratio Comparison

The current BKCH Sharpe Ratio is 0.22, which is higher than the BITS Sharpe Ratio of -0.28. The chart below compares the historical Sharpe Ratios of BKCH and BITS, 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. BITS - Drawdown Comparison

The maximum BKCH drawdown since its inception was -91.80%, which is greater than BITS's maximum drawdown of -83.11%. Use the drawdown chart below to compare losses from any high point for BKCH and BITS.

Drawdown Indicators

	BKCH	BITS	Difference
Max Drawdown Largest peak-to-trough decline	-91.80%	-83.11%	-8.69%
Max Drawdown (1Y) Largest decline over 1 year	-56.28%	-48.38%	-7.90%
Max Drawdown (3Y) Largest decline over 3 years	-57.99%	-48.38%	-9.61%
Max Drawdown (5Y) Largest decline over 5 years	-91.80%	—	—
Current Drawdown Current decline from peak	-49.42%	-40.04%	-9.38%
Average Drawdown Average peak-to-trough decline	-61.67%	-42.59%	-19.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.29%	28.40%	+3.89%

Volatility

BKCH vs. BITS - Volatility Comparison

Global X Blockchain ETF (BKCH) has a higher volatility of 15.59% compared to Global X Blockchain & Bitcoin Strategy ETF (BITS) at 11.48%. This indicates that BKCH's price experiences larger fluctuations and is considered to be riskier than BITS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKCH	BITS	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.59%	11.48%	+4.11%
Volatility (6M) Calculated over the trailing 6-month period	50.67%	40.49%	+10.18%
Volatility (1Y) Calculated over the trailing 1-year period	70.34%	53.24%	+17.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.26%	60.66%	+14.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.27%	60.66%	+14.61%

BKCH vs. BITS - Expense Ratio Comparison

BKCH has a 0.50% expense ratio, which is lower than BITS's 0.65% expense ratio.

Dividends

BKCH vs. BITS - Dividend Comparison

BKCH's dividend yield for the trailing twelve months is around 1.81%, less than BITS's 24.98% yield.

Position	TTM	2025	2024	2023	2022	2021
BITS Global X Blockchain & Bitcoin Strategy ETF	24.98%	22.80%	29.49%	13.69%	0.48%	1.90%
BKCH Global X Blockchain ETF	1.81%	2.00%	7.61%	2.33%	1.29%	4.28%

Frequently Asked Questions

Can I hold both BKCH and BITS in my portfolio?

With a correlation of 0.95, BKCH and BITS 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 BITS?

BKCH has higher volatility (15.59%) compared to BITS (11.48%). In terms of maximum drawdown, BKCH dropped -91.80% vs BITS's -83.11%.

Which ETF is better, BKCH or BITS?

On 3-year performance, BITS leads with 29.69% vs 22.62% for BKCH. On fees, BKCH is cheaper at 0.50% per year. On volatility, BITS has been the lower-risk option at 11.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKCH or BITS?

Over the 3-year period, BITS has performed better with a 29.69% return vs 22.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKCH or BITS?

BKCH is cheaper with a 0.50% expense ratio, compared with 0.65% for BITS.

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

BITS has the higher dividend yield at 24.98%, compared with 1.81% for BKCH.

What is the main difference between BKCH and BITS?

BKCH is categorized as Blockchain, while BITS is Cryptocurrency. BKCH tracks Solactive Blockchain Index, while BITS tracks NONE. Their fees differ too: 0.50% for BKCH and 0.65% for BITS.

Which has better risk-adjusted returns?

BKCH currently has the higher Sharpe Ratio (0.22 vs -0.28), 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.