BKCH vs. IBIT
BKCH (Global X Blockchain ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - BKCH is a Technology Equities fund actively managed by Global X, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. BKCH is actively managed, while IBIT is passively managed. Over the past year, BKCH returned 85.38% vs -39.67% for IBIT. A 0.69 correlation means they provide meaningful diversification when combined. BKCH charges 0.50%/yr vs 0.25%/yr for IBIT.
Performance
BKCH vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, BKCH achieves a 30.73% return, which is significantly higher than IBIT's -27.41% return.
BKCH
- 1D
- 1.33%
- 1M
- -7.22%
- YTD
- 30.73%
- 6M
- 13.22%
- 1Y
- 85.38%
- 3Y*
- 56.15%
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -0.03%
- 1M
- -21.94%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BKCH vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BKCH Global X Blockchain ETF | 30.73% | 27.14% | 23.48% |
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
Correlation
The correlation between BKCH and IBIT 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 (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.69 |
The correlation between BKCH and IBIT has been stable across timeframes, ranging from 0.68 to 0.69 - a consistent structural relationship.
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Return for Risk
BKCH vs. IBIT — Risk / Return Rank
BKCH
IBIT
BKCH vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain ETF (BKCH) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.03 | ||
| Sortino ratioReturn per unit of downside risk | +3.05 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.85 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | -0.78 | +2.17 |
| Martin ratioReturn relative to average drawdown | 2.54 | -1.37 | +3.91 |
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Drawdowns
BKCH vs. IBIT - Drawdown Comparison
The maximum BKCH drawdown since its inception was -91.80%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for BKCH and IBIT.
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Drawdown Indicators
| BKCH | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.80% | -52.11% | -39.69% |
Max Drawdown (1Y)Largest decline over 1 year | -56.28% | -52.11% | -4.17% |
Max Drawdown (3Y)Largest decline over 3 years | -57.99% | — | — |
Current DrawdownCurrent decline from peak | -37.33% | -49.45% | +12.12% |
Average DrawdownAverage peak-to-trough decline | -61.98% | -16.53% | -45.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.68% | 29.64% | +1.04% |
Volatility
BKCH vs. IBIT - Volatility Comparison
Global X Blockchain ETF (BKCH) has a higher volatility of 20.27% compared to iShares Bitcoin Trust ETF (IBIT) at 12.07%. This indicates that BKCH's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKCH | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.27% | 12.07% | +8.20% |
Volatility (6M)Calculated over the trailing 6-month period | 52.94% | 34.45% | +18.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.68% | 44.10% | +26.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.55% | 50.26% | +25.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.55% | 50.26% | +25.29% |
BKCH vs. IBIT - Expense Ratio Comparison
BKCH has a 0.50% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
BKCH vs. IBIT - Dividend Comparison
BKCH's dividend yield for the trailing twelve months is around 1.53%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BKCH Global X Blockchain ETF | 1.53% | 2.00% | 7.61% | 2.33% | 1.29% | 4.28% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BKCH and IBIT 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.
BKCH has higher volatility (20.27%) compared to IBIT (12.07%). In terms of maximum drawdown, BKCH dropped -91.80% vs IBIT's -52.11%.
On 1-year performance, BKCH leads with 85.38% vs -39.67% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 12.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BKCH has performed better with a 85.38% return vs -39.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.50% for BKCH.
BKCH has the higher dividend yield at 1.53%, compared with 0.00% for IBIT.
BKCH is categorized as Technology Equities, while IBIT is Cryptocurrency. They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for BKCH and 0.25% for IBIT.
BKCH currently has the higher Sharpe Ratio (1.11 vs -0.92), 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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