BKCH vs. BLKC

Last updated Jun 4, 2026

BKCH (Global X Blockchain ETF) and BLKC (Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF) are both exchange-traded funds - BKCH is a Technology Equities fund actively managed by Global X, while BLKC is a Cryptocurrency fund tracking the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index. BKCH is actively managed, while BLKC is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. BKCH charges 0.50%/yr vs 0.60%/yr for BLKC.

Performance

BKCH vs. BLKC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Blockchain ETF (BKCH) and Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BKCH

• 1D: -3.34%
• 1M: 13.82%
• YTD: 38.46%
• 6M: 15.41%
• 1Y: 99.88%
• 3Y*: 56.01%
• 5Y*: —
• 10Y*: —

BLKC

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BKCH vs. BLKC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BKCH Global X Blockchain ETF	38.46%	27.14%	18.81%	267.06%	-85.10%	-11.41%
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF	-12.03%	13.79%	46.83%	128.84%	-63.43%	-8.11%

Correlation

The correlation between BKCH and BLKC is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (All Time) Calculated using the full available price history since Oct 8, 2021	0.91

The correlation between BKCH and BLKC shifts across timeframes, from 0.74 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BKCH vs. BLKC — Risk / Return Rank

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

BKCH

BKCH Risk / Return Rank: 35
BKCH Sharpe Ratio Rank: 40
BKCH Sortino Ratio Rank: 39
BKCH Omega Ratio Rank: 35
BKCH Calmar Ratio Rank: 36
BKCH Martin Ratio Rank: 25

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. BLKC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain ETF (BKCH) and Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC). 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.

	BKCH	BLKC	Difference
Sharpe ratio: Return per unit of total volatility	1.44	—	—
Sortino ratio: Return per unit of downside risk	2.04	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.78	—	—
Martin ratio: Return relative to average drawdown	3.31	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BKCH	BLKC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	—	—

Drawdowns

Drawdown Indicators

	BKCH	BLKC	Difference
Max Drawdown Largest peak-to-trough decline	-91.80%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-56.28%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-57.99%	—	—
Current Drawdown Current decline from peak	-33.62%	—	—
Average Drawdown Average peak-to-trough decline	-62.13%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	30.25%	—	—

Volatility

Volatility by Period

	BKCH	BLKC	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	51.40%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	69.90%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.43%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.43%	—	—

BKCH vs. BLKC - Expense Ratio Comparison

BKCH has a 0.50% expense ratio, which is lower than BLKC's 0.60% expense ratio.

Dividends

BKCH vs. BLKC - Dividend Comparison

BKCH's dividend yield for the trailing twelve months is around 1.44%, less than BLKC's 4.39% yield.

Position	TTM	2025	2024	2023	2022	2021
BKCH Global X Blockchain ETF	1.44%	2.00%	7.61%	2.33%	1.29%	4.28%
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF	4.39%	7.72%	19.66%	1.92%	5.40%	0.51%

Frequently Asked Questions

Can I hold both BKCH and BLKC in my portfolio?

BKCH and BLKC have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BKCH or BLKC?

On fees, BKCH is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BKCH or BLKC?

BKCH is cheaper with a 0.50% expense ratio, compared with 0.60% for BLKC.

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

BLKC has the higher dividend yield at 4.39%, compared with 1.44% for BKCH.

What is the main difference between BKCH and BLKC?

BKCH is categorized as Technology Equities, while BLKC is Cryptocurrency. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.50% for BKCH and 0.60% for BLKC.