BKCH vs. BITS
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 30.82%/yr vs 35.22%/yr for BITS. Their correlation of 0.93 means they have usually moved in the same direction. BKCH charges 0.50%/yr vs 0.65%/yr for BITS.
Performance
BKCH vs. BITS - Performance Comparison
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Returns By Period
In the year-to-date period, BKCH achieves a 6.75% return, which is significantly higher than BITS's -8.44% return.
BKCH
- 1D
- 0.21%
- 1M
- -0.67%
- 6M
- -3.07%
- YTD
- 6.75%
- 1Y
- 23.59%
- 3Y*
- 30.82%
- 5Y*
- -5.83%
- 10Y*
- —
- ALL TIME*
- -3.79%
BITS
- 1D
- 0.45%
- 1M
- 2.51%
- 6M
- -7.13%
- YTD
- -8.44%
- 1Y
- -9.04%
- 3Y*
- 35.22%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $77.55K | $85.41K | $153.86K | |
| $2.64M | $3.41M | $7.65M |
BKCH vs. BITS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BKCH Global X Blockchain ETF | 6.75% | 27.14% | 18.81% | 267.06% | -85.10% | -38.41% |
BITS Global X Blockchain & Bitcoin Strategy ETF | -8.44% | 14.90% | 61.84% | 212.23% | -75.46% | -28.96% |
Correlation
The correlation between BKCH and BITS is 0.95, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 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.
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Return for Risk
BKCH vs. BITS — Risk / Return Rank
BKCH
BITS
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 ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.02 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | -0.19 | +0.61 |
| Martin ratioReturn relative to average drawdown | 0.70 | -0.30 | +1.00 |
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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.
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Drawdown Indicators
| BKCH | BITS | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -48.82% | -39.72% | -9.10% |
Average DrawdownAverage peak-to-trough decline | -61.52% | -42.56% | -18.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.88% | 29.96% | +3.92% |
Volatility
BKCH vs. BITS - Volatility Comparison
Global X Blockchain ETF (BKCH) has a higher volatility of 25.51% compared to Global X Blockchain & Bitcoin Strategy ETF (BITS) at 14.43%. 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.
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Volatility by Period
| BKCH | BITS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.51% | 14.43% | +11.08% |
Volatility (6M)Calculated over the trailing 6-month period | 53.54% | 40.40% | +13.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.14% | 54.08% | +19.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.43% | 60.58% | +14.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.58% | 60.58% | +15.00% |
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 1.79%, less than BITS's 24.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BITS Global X Blockchain & Bitcoin Strategy ETF | 24.85% | 22.80% | 29.49% | 13.69% | 0.48% | 1.90% |
BKCH Global X Blockchain ETF | 1.79% | 2.00% | 7.61% | 2.33% | 1.29% | 4.28% |
Frequently Asked Questions
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.
BKCH has higher volatility (25.51%) compared to BITS (14.43%). In terms of maximum drawdown, BKCH dropped -91.80% vs BITS's -83.11%.
On 3-year performance, BITS leads with 35.22% vs 30.82% for BKCH. On fees, BKCH is cheaper at 0.50% per year. On volatility, BITS has been the lower-risk option at 14.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BITS has performed better with a 35.22% return vs 30.82%. 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 0.65% for BITS.
BITS has the higher dividend yield at 24.85%, compared with 1.79% for BKCH.
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.
BKCH currently has the higher Sharpe Ratio (0.32 vs -0.17), 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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