BKCH vs. COPX

Last updated Jun 25, 2026

BKCH (Global X Blockchain ETF) and COPX (Global X Copper Miners ETF) are both exchange-traded funds - BKCH is a Blockchain fund tracking the Solactive Blockchain Index, while COPX is a Copper fund tracking the Solactive Global Copper Miners Total Return Index. Both are passively managed. Over the past 3 years, BKCH returned 45.01%/yr vs 29.47%/yr for COPX. At a 0.44 correlation, their price movements are largely independent. BKCH charges 0.50%/yr vs 0.65%/yr for COPX.

Performance

BKCH vs. COPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Blockchain ETF (BKCH) and Global X Copper Miners ETF (COPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKCH achieves a 24.56% return, which is significantly higher than COPX's 5.45% return.

BKCH

• 1D: -5.87%
• 1M: -7.77%
• YTD: 24.56%
• 6M: 14.82%
• 1Y: 67.14%
• 3Y*: 45.01%
• 5Y*: —
• 10Y*: —

COPX

• 1D: -4.76%
• 1M: -9.18%
• YTD: 5.45%
• 6M: 5.05%
• 1Y: 80.71%
• 3Y*: 29.47%
• 5Y*: 17.67%
• 10Y*: 20.22%

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

BKCH vs. COPX - 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%
COPX Global X Copper Miners ETF	5.45%	93.50%	3.57%	8.38%	-0.76%	0.67%

Correlation

The correlation between BKCH and COPX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021	0.44

Return for Risk

BKCH vs. COPX — Risk / Return Rank

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

BKCH

BKCH Risk / Return Rank: 27
BKCH Sharpe Ratio Rank: 28
BKCH Sortino Ratio Rank: 33
BKCH Omega Ratio Rank: 30
BKCH Calmar Ratio Rank: 26
BKCH Martin Ratio Rank: 20

COPX

COPX Risk / Return Rank: 56
COPX Sharpe Ratio Rank: 60
COPX Sortino Ratio Rank: 50
COPX Omega Ratio Rank: 51
COPX Calmar Ratio Rank: 65
COPX Martin Ratio Rank: 55

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. COPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain ETF (BKCH) and Global X Copper Miners ETF (COPX). 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	COPX	Difference
Sharpe ratio: Return per unit of total volatility	0.96	1.82	-0.85
Sortino ratio: Return per unit of downside risk	1.62	2.23	-0.62
Omega ratio: Gain probability vs. loss probability	1.19	1.29	-0.10
Calmar ratio: Return relative to maximum drawdown	1.20	2.92	-1.72
Martin ratio: Return relative to average drawdown	2.17	8.78	-6.61

BKCH vs. COPX - Sharpe Ratio Comparison

The current BKCH Sharpe Ratio is 0.96, which is lower than the COPX Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of BKCH and COPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BKCH vs. COPX - Drawdown Comparison

The maximum BKCH drawdown since its inception was -91.80%, which is greater than COPX's maximum drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for BKCH and COPX.

Drawdown Indicators

	BKCH	COPX	Difference
Max Drawdown Largest peak-to-trough decline	-91.80%	-83.16%	-8.64%
Max Drawdown (1Y) Largest decline over 1 year	-56.28%	-27.82%	-28.46%
Max Drawdown (3Y) Largest decline over 3 years	-57.99%	-39.72%	-18.27%
Max Drawdown (5Y) Largest decline over 5 years	—	-42.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-65.41%	—
Current Drawdown Current decline from peak	-40.28%	-20.90%	-19.38%
Average Drawdown Average peak-to-trough decline	-61.83%	-39.23%	-22.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.03%	9.22%	+21.81%

Volatility

BKCH vs. COPX - Volatility Comparison

Global X Blockchain ETF (BKCH) and Global X Copper Miners ETF (COPX) have volatilities of 18.93% and 19.60%, 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.

Volatility by Period

	BKCH	COPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.93%	19.60%	-0.67%
Volatility (6M) Calculated over the trailing 6-month period	51.09%	39.41%	+11.68%
Volatility (1Y) Calculated over the trailing 1-year period	70.63%	44.70%	+25.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.43%	37.09%	+38.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.43%	35.77%	+39.66%

BKCH vs. COPX - Expense Ratio Comparison

BKCH has a 0.50% expense ratio, which is lower than COPX's 0.65% expense ratio.

Dividends

BKCH vs. COPX - Dividend Comparison

BKCH's dividend yield for the trailing twelve months is around 1.60%, less than COPX's 2.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKCH Global X Blockchain ETF	1.60%	2.00%	7.61%	2.33%	1.29%	4.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
COPX Global X Copper Miners ETF	2.54%	2.68%	1.80%	2.39%	3.14%	1.48%	1.30%	1.37%	2.59%	1.57%	0.60%	1.20%

Frequently Asked Questions

Can I hold both BKCH and COPX in my portfolio?

BKCH and COPX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKCH or COPX?

COPX has higher volatility (19.60%) compared to BKCH (18.93%). In terms of maximum drawdown, BKCH dropped -91.80% vs COPX's -83.16%.

Which ETF is better, BKCH or COPX?

On 3-year performance, BKCH leads with 45.01% vs 29.47% for COPX. On fees, BKCH is cheaper at 0.50% per year. On volatility, BKCH has been the lower-risk option at 18.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKCH or COPX?

Over the 3-year period, BKCH has performed better with a 45.01% return vs 29.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKCH or COPX?

BKCH is cheaper with a 0.50% expense ratio, compared with 0.65% for COPX.

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

COPX has the higher dividend yield at 2.54%, compared with 1.60% for BKCH.

What is the main difference between BKCH and COPX?

BKCH is categorized as Blockchain, while COPX is Copper. BKCH tracks Solactive Blockchain Index, while COPX tracks Solactive Global Copper Miners Total Return Index. Their fees differ too: 0.50% for BKCH and 0.65% for COPX.

Which has better risk-adjusted returns?

COPX currently has the higher Sharpe Ratio (1.82 vs 0.96), 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.