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 3 years, BKCH returned 47.96%/yr vs 37.03%/yr for COIN. Their correlation of 0.82 suggests significant overlap in exposure.
Performance
BKCH vs. COIN - Performance Comparison
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Returns By Period
In the year-to-date period, BKCH achieves a 32.33% return, which is significantly higher than COIN's -30.05% return.
BKCH
- 1D
- -2.35%
- 1M
- -2.02%
- YTD
- 32.33%
- 6M
- 21.68%
- 1Y
- 91.74%
- 3Y*
- 47.96%
- 5Y*
- —
- 10Y*
- —
COIN
- 1D
- -4.04%
- 1M
- -14.49%
- YTD
- -30.05%
- 6M
- -34.72%
- 1Y
- -48.57%
- 3Y*
- 37.03%
- 5Y*
- -7.21%
- 10Y*
- —
BKCH vs. COIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BKCH Global X Blockchain ETF | 32.33% | 27.14% | 18.81% | 267.06% | -85.10% | -6.69% |
COIN Coinbase Global, Inc. | -30.05% | -8.92% | 42.77% | 391.44% | -85.98% | 3.72% |
Correlation
The correlation between BKCH and COIN is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021 | 0.82 |
The correlation between BKCH and COIN shifts across timeframes, from 0.68 (1 year) to 0.82 (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 | +2.02 | ||
| Sortino ratioReturn per unit of downside risk | +2.83 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.90 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | -0.73 | +2.37 |
| Martin ratioReturn relative to average drawdown | 2.97 | -1.16 | +4.13 |
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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% | -66.39% | +10.11% |
Max Drawdown (3Y)Largest decline over 3 years | -57.99% | -66.39% | +8.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.90% | — |
Current DrawdownCurrent decline from peak | -36.56% | -62.32% | +25.76% |
Average DrawdownAverage peak-to-trough decline | -61.85% | -52.63% | -9.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.96% | 42.06% | -11.10% |
Volatility
BKCH vs. COIN - Volatility Comparison
Global X Blockchain ETF (BKCH) and Coinbase Global, Inc. (COIN) have volatilities of 18.01% and 18.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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 | 18.01% | 18.43% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 51.29% | 51.90% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.40% | 68.40% | +2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.41% | 85.99% | -10.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.41% | 85.37% | -9.96% |
Dividends
BKCH vs. COIN - Dividend Comparison
BKCH's dividend yield for the trailing twelve months is around 1.51%, while COIN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BKCH Global X Blockchain ETF | 1.51% | 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 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COIN has higher volatility (18.43%) compared to BKCH (18.01%). In terms of maximum drawdown, BKCH dropped -91.80% vs COIN's -91.46%.
BKCH currently has the higher Sharpe Ratio (1.31 vs -0.71), 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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