BKCH vs. DECO

Last updated Jun 25, 2026

BKCH (Global X Blockchain ETF) and DECO (State Street Galaxy Digital Asset Ecosystem ETF) are both Blockchain funds. BKCH is passively managed, while DECO is actively managed. Over the past year, BKCH returned 67.14% vs 146.58% for DECO. Their correlation of 0.94 suggests significant overlap in exposure. BKCH charges 0.50%/yr vs 0.65%/yr for DECO.

Performance

BKCH vs. DECO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Blockchain ETF (BKCH) and State Street Galaxy Digital Asset Ecosystem ETF (DECO). 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 lower than DECO's 74.25% return.

BKCH

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

DECO

• 1D: -2.84%
• 1M: 11.41%
• YTD: 74.25%
• 6M: 65.42%
• 1Y: 146.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BKCH vs. DECO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BKCH Global X Blockchain ETF	24.56%	27.14%	33.62%
DECO State Street Galaxy Digital Asset Ecosystem ETF	74.25%	42.48%	31.48%

Correlation

The correlation between BKCH and DECO is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	0.94

The correlation between BKCH and DECO has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

BKCH vs. DECO — 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

DECO

DECO Risk / Return Rank: 90
DECO Sharpe Ratio Rank: 95
DECO Sortino Ratio Rank: 89
DECO Omega Ratio Rank: 85
DECO Calmar Ratio Rank: 93
DECO Martin Ratio Rank: 86

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. DECO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain ETF (BKCH) and State Street Galaxy Digital Asset Ecosystem ETF (DECO). 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	DECO	Difference
Sharpe ratio: Return per unit of total volatility	0.96	3.30	-2.34
Sortino ratio: Return per unit of downside risk	1.62	3.55	-1.94
Omega ratio: Gain probability vs. loss probability	1.19	1.45	-0.26
Calmar ratio: Return relative to maximum drawdown	1.20	5.76	-4.56
Martin ratio: Return relative to average drawdown	2.17	16.03	-13.86

BKCH vs. DECO - Sharpe Ratio Comparison

The current BKCH Sharpe Ratio is 0.96, which is lower than the DECO Sharpe Ratio of 3.30. The chart below compares the historical Sharpe Ratios of BKCH and DECO, 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. DECO - Drawdown Comparison

The maximum BKCH drawdown since its inception was -91.80%, which is greater than DECO's maximum drawdown of -47.71%. Use the drawdown chart below to compare losses from any high point for BKCH and DECO.

Drawdown Indicators

	BKCH	DECO	Difference
Max Drawdown Largest peak-to-trough decline	-91.80%	-47.71%	-44.09%
Max Drawdown (1Y) Largest decline over 1 year	-56.28%	-25.60%	-30.68%
Max Drawdown (3Y) Largest decline over 3 years	-57.99%	—	—
Current Drawdown Current decline from peak	-40.28%	-4.54%	-35.74%
Average Drawdown Average peak-to-trough decline	-61.83%	-11.40%	-50.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.03%	9.18%	+21.85%

Volatility

BKCH vs. DECO - Volatility Comparison

Global X Blockchain ETF (BKCH) has a higher volatility of 18.93% compared to State Street Galaxy Digital Asset Ecosystem ETF (DECO) at 12.99%. This indicates that BKCH's price experiences larger fluctuations and is considered to be riskier than DECO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKCH	DECO	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.93%	12.99%	+5.94%
Volatility (6M) Calculated over the trailing 6-month period	51.09%	33.79%	+17.30%
Volatility (1Y) Calculated over the trailing 1-year period	70.63%	44.95%	+25.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.43%	51.31%	+24.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.43%	51.31%	+24.12%

BKCH vs. DECO - Expense Ratio Comparison

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

Dividends

BKCH vs. DECO - Dividend Comparison

BKCH's dividend yield for the trailing twelve months is around 1.60%, more than DECO's 0.66% yield.

Position	TTM	2025	2024	2023	2022	2021
BKCH Global X Blockchain ETF	1.60%	2.00%	7.61%	2.33%	1.29%	4.28%
DECO State Street Galaxy Digital Asset Ecosystem ETF	0.66%	1.16%	1.73%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BKCH and DECO in my portfolio?

With a correlation of 0.92, BKCH and DECO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BKCH or DECO?

BKCH has higher volatility (18.93%) compared to DECO (12.99%). In terms of maximum drawdown, BKCH dropped -91.80% vs DECO's -47.71%.

Which ETF is better, BKCH or DECO?

On 1-year performance, DECO leads with 146.58% vs 67.14% for BKCH. On fees, BKCH is cheaper at 0.50% per year. On volatility, DECO has been the lower-risk option at 12.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKCH or DECO?

Over the 1-year period, DECO has performed better with a 146.58% return vs 67.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKCH or DECO?

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

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

BKCH has the higher dividend yield at 1.60%, compared with 0.66% for DECO.

What is the main difference between BKCH and DECO?

They also come from different issuers: Global X and State Street. Their fees differ too: 0.50% for BKCH and 0.65% for DECO.

Which has better risk-adjusted returns?

DECO currently has the higher Sharpe Ratio (3.30 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.