BKCH vs. BLCN
BKCH (Global X Blockchain ETF) and BLCN (Siren ETF Trust Siren Nasdaq NexGen Economy ETF) are both exchange-traded funds - BKCH is a Blockchain fund tracking the Solactive Blockchain Index, while BLCN is a Large Cap Blend Equities fund tracking the Siren NASDAQ Blockchain Economy Index. Both are passively managed. Over the past 3 years, BKCH returned 45.01%/yr vs 8.14%/yr for BLCN. A 0.71 correlation means they provide meaningful diversification when combined. BKCH charges 0.50%/yr vs 0.68%/yr for BLCN.
Performance
BKCH vs. BLCN - Performance Comparison
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Returns By Period
In the year-to-date period, BKCH achieves a 24.56% return, which is significantly higher than BLCN's 7.24% return.
BKCH
- 1D
- -5.87%
- 1M
- -7.77%
- YTD
- 24.56%
- 6M
- 14.82%
- 1Y
- 67.14%
- 3Y*
- 45.01%
- 5Y*
- —
- 10Y*
- —
BLCN
- 1D
- -1.48%
- 1M
- 4.64%
- YTD
- 7.24%
- 6M
- 4.83%
- 1Y
- 19.55%
- 3Y*
- 8.14%
- 5Y*
- -10.44%
- 10Y*
- —
BKCH vs. BLCN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BKCH Global X Blockchain ETF | 24.56% | 27.14% | 18.81% | 267.06% | -85.10% | -6.69% |
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 7.24% | -3.69% | 5.62% | 21.09% | -51.76% | -8.96% |
Correlation
The correlation between BKCH and BLCN is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021 | 0.71 |
The correlation between BKCH and BLCN shifts across timeframes, from 0.60 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BKCH vs. BLCN — Risk / Return Rank
BKCH
BLCN
BKCH vs. BLCN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain ETF (BKCH) and Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN). 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 | BLCN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.12 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 0.66 | +0.53 |
| Martin ratioReturn relative to average drawdown | 2.17 | 1.40 | +0.77 |
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Drawdowns
BKCH vs. BLCN - Drawdown Comparison
The maximum BKCH drawdown since its inception was -91.80%, which is greater than BLCN's maximum drawdown of -67.51%. Use the drawdown chart below to compare losses from any high point for BKCH and BLCN.
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Drawdown Indicators
| BKCH | BLCN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.80% | -67.51% | -24.29% |
Max Drawdown (1Y)Largest decline over 1 year | -56.28% | -29.53% | -26.75% |
Max Drawdown (3Y)Largest decline over 3 years | -57.99% | -45.26% | -12.73% |
Max Drawdown (5Y)Largest decline over 5 years | — | -67.51% | — |
Current DrawdownCurrent decline from peak | -40.28% | -47.95% | +7.67% |
Average DrawdownAverage peak-to-trough decline | -61.83% | -30.39% | -31.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.03% | 13.99% | +17.04% |
Volatility
BKCH vs. BLCN - Volatility Comparison
Global X Blockchain ETF (BKCH) has a higher volatility of 18.93% compared to Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN) at 14.16%. This indicates that BKCH's price experiences larger fluctuations and is considered to be riskier than BLCN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKCH | BLCN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.93% | 14.16% | +4.77% |
Volatility (6M)Calculated over the trailing 6-month period | 51.09% | 27.25% | +23.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.63% | 36.78% | +33.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.43% | 35.22% | +40.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.43% | 31.31% | +44.12% |
BKCH vs. BLCN - Expense Ratio Comparison
BKCH has a 0.50% expense ratio, which is lower than BLCN's 0.68% expense ratio.
Dividends
BKCH vs. BLCN - Dividend Comparison
BKCH's dividend yield for the trailing twelve months is around 1.60%, less than BLCN's 2.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BKCH Global X Blockchain ETF | 1.60% | 2.00% | 7.61% | 2.33% | 1.29% | 4.28% | 0.00% | 0.00% | 0.00% |
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 2.69% | 3.01% | 0.67% | 0.54% | 1.28% | 0.56% | 0.58% | 1.45% | 1.16% |
Frequently Asked Questions
BKCH and BLCN have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKCH has higher volatility (18.93%) compared to BLCN (14.16%). In terms of maximum drawdown, BKCH dropped -91.80% vs BLCN's -67.51%.
On 3-year performance, BKCH leads with 45.01% vs 8.14% for BLCN. On fees, BKCH is cheaper at 0.50% per year. On volatility, BLCN has been the lower-risk option at 14.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BKCH has performed better with a 45.01% return vs 8.14%. 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 0.68% for BLCN.
BLCN has the higher dividend yield at 2.69%, compared with 1.60% for BKCH.
BKCH is categorized as Blockchain, while BLCN is Large Cap Blend Equities. BKCH tracks Solactive Blockchain Index, while BLCN tracks Siren NASDAQ Blockchain Economy Index. They also come from different issuers: Global X and SRN Advisors. Their fees differ too: 0.50% for BKCH and 0.68% for BLCN.
BKCH currently has the higher Sharpe Ratio (0.96 vs 0.54), 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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