BKCH vs. COIN
BKCH (Global X Blockchain ETF) is Blockchain fund tracking the Solactive Blockchain Index, while COIN (Coinbase Global, Inc.) is a stock. Over the past 5 years, BKCH returned -4.86%/yr vs -9.17%/yr for COIN. Their correlation of 0.81 means they have usually moved in the same direction.
Performance
BKCH vs. COIN - Performance Comparison
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Returns By Period
In the year-to-date period, BKCH achieves a 2.32% return, which is significantly higher than COIN's -35.32% return.
BKCH
- 1D
- -4.05%
- 1M
- -4.79%
- 6M
- -9.27%
- YTD
- 2.32%
- 1Y
- 24.30%
- 3Y*
- 25.18%
- 5Y*
- -4.86%
- 10Y*
- —
- ALL TIME*
- -4.60%
COIN
- 1D
- -10.59%
- 1M
- -11.61%
- 6M
- -24.89%
- YTD
- -35.32%
- 1Y
- -53.52%
- 3Y*
- 15.82%
- 5Y*
- -9.17%
- 10Y*
- —
- ALL TIME*
- -16.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.74M | $3.50M | $7.93M | |
| $1.37B | $1.19B | $1.50B |
BKCH vs. COIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BKCH Global X Blockchain ETF | 2.32% | 27.14% | 18.81% | 267.06% | -85.10% | -6.69% |
COIN Coinbase Global, Inc. | -35.32% | -8.92% | 42.77% | 391.44% | -85.98% | 3.72% |
Correlation
The correlation between BKCH and COIN is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021 | 0.81 |
The correlation between BKCH and COIN shifts across timeframes, from 0.66 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BKCH vs. COIN — Risk / Return Rank
BKCH
COIN
BKCH vs. COIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain ETF (BKCH) and Coinbase Global, Inc. (COIN). 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 | COIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.84 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | -0.97 | +1.20 |
| Martin ratioReturn relative to average drawdown | 0.38 | -1.45 | +1.84 |
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Drawdowns
BKCH vs. COIN - Drawdown Comparison
The maximum BKCH drawdown since its inception was -91.80%, roughly equal to the maximum COIN drawdown of -91.46%. Use the drawdown chart below to compare losses from any high point for BKCH and COIN.
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Drawdown Indicators
| BKCH | COIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.80% | -91.46% | -0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -56.28% | -63.57% | +7.29% |
Max Drawdown (3Y)Largest decline over 3 years | -57.99% | -66.39% | +8.40% |
Max Drawdown (5Y)Largest decline over 5 years | -91.80% | -90.90% | -0.90% |
Current DrawdownCurrent decline from peak | -50.95% | -65.16% | +14.21% |
Average DrawdownAverage peak-to-trough decline | -61.54% | -52.82% | -8.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.68% | 42.68% | -9.00% |
Volatility
BKCH vs. COIN - Volatility Comparison
Global X Blockchain ETF (BKCH) has a higher volatility of 26.46% compared to Coinbase Global, Inc. (COIN) at 20.29%. This indicates that BKCH's price experiences larger fluctuations and is considered to be riskier than COIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKCH | COIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.46% | 20.29% | +6.17% |
Volatility (6M)Calculated over the trailing 6-month period | 53.86% | 54.91% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.67% | 69.65% | +4.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.43% | 86.15% | -10.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.62% | 85.12% | -9.50% |
Dividends
BKCH vs. COIN - Dividend Comparison
BKCH's dividend yield for the trailing twelve months is around 1.86%, while COIN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BKCH Global X Blockchain ETF | 1.86% | 2.00% | 7.61% | 2.33% | 1.29% | 4.28% |
COIN Coinbase Global, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BKCH and COIN have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKCH has higher volatility (26.46%) compared to COIN (20.29%). In terms of maximum drawdown, BKCH dropped -91.80% vs COIN's -91.46%.
BKCH currently has the higher Sharpe Ratio (0.18 vs -0.88), 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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