BKCH vs. SIL
BKCH (Global X Blockchain ETF) and SIL (Global X Silver Miners ETF) are both exchange-traded funds - BKCH is a Technology Equities fund actively managed by Global X, while SIL is a Silver fund tracking the Solactive Global Silver Miners Total Return Index. BKCH is actively managed, while SIL is passively managed. Over the past 3 years, BKCH returned 56.01%/yr vs 49.15%/yr for SIL. At a 0.31 correlation, their price movements are largely independent. BKCH charges 0.50%/yr vs 0.65%/yr for SIL.
Performance
BKCH vs. SIL - Performance Comparison
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Returns By Period
In the year-to-date period, BKCH achieves a 38.46% return, which is significantly higher than SIL's 4.75% return.
BKCH
- 1D
- -3.34%
- 1M
- 13.82%
- YTD
- 38.46%
- 6M
- 15.41%
- 1Y
- 99.88%
- 3Y*
- 56.01%
- 5Y*
- —
- 10Y*
- —
SIL
- 1D
- -4.96%
- 1M
- 0.68%
- YTD
- 4.75%
- 6M
- 15.66%
- 1Y
- 91.23%
- 3Y*
- 49.15%
- 5Y*
- 13.96%
- 10Y*
- 10.69%
BKCH vs. SIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BKCH Global X Blockchain ETF | 38.46% | 27.14% | 18.81% | 267.06% | -85.10% | -1.24% |
SIL Global X Silver Miners ETF | 4.75% | 166.16% | 14.62% | 1.31% | -22.83% | -12.56% |
Correlation
The correlation between BKCH and SIL is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021 | 0.31 |
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Return for Risk
BKCH vs. SIL — Risk / Return Rank
BKCH
SIL
BKCH vs. SIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain ETF (BKCH) and Global X Silver Miners ETF (SIL). 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.
| BKCH | SIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.79 | -1.00 |
| Martin ratioReturn relative to average drawdown | 3.31 | 7.14 | -3.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BKCH | SIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.83 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.36 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.14 | -0.10 |
Drawdowns
BKCH vs. SIL - Drawdown Comparison
The maximum BKCH drawdown since its inception was -91.80%, which is greater than SIL's maximum drawdown of -82.99%. Use the drawdown chart below to compare losses from any high point for BKCH and SIL.
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Drawdown Indicators
| BKCH | SIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.80% | -82.99% | -8.81% |
Max Drawdown (1Y)Largest decline over 1 year | -56.28% | -32.91% | -23.37% |
Max Drawdown (3Y)Largest decline over 3 years | -57.99% | -32.91% | -25.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.04% | — |
Current DrawdownCurrent decline from peak | -33.62% | -25.87% | -7.75% |
Average DrawdownAverage peak-to-trough decline | -62.13% | -51.45% | -10.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.25% | 12.82% | +17.43% |
Volatility
BKCH vs. SIL - Volatility Comparison
Global X Blockchain ETF (BKCH) and Global X Silver Miners ETF (SIL) have volatilities of 18.09% and 17.66%, 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 | SIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.09% | 17.66% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 51.40% | 41.57% | +9.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.90% | 50.01% | +19.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.43% | 39.21% | +36.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.43% | 39.60% | +35.83% |
BKCH vs. SIL - Expense Ratio Comparison
BKCH has a 0.50% expense ratio, which is lower than SIL's 0.65% expense ratio.
Dividends
BKCH vs. SIL - Dividend Comparison
BKCH's dividend yield for the trailing twelve months is around 1.44%, more than SIL's 1.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKCH Global X Blockchain ETF | 1.44% | 2.00% | 7.61% | 2.33% | 1.29% | 4.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SIL Global X Silver Miners ETF | 1.13% | 1.18% | 2.40% | 0.59% | 0.48% | 1.59% | 1.92% | 1.53% | 1.21% | 0.02% | 3.34% | 0.38% |
Frequently Asked Questions
BKCH and SIL have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKCH has higher volatility (18.09%) compared to SIL (17.66%). In terms of maximum drawdown, BKCH dropped -91.80% vs SIL's -82.99%.
On 3-year performance, BKCH leads with 56.01% vs 49.15% for SIL. On fees, BKCH is cheaper at 0.50% per year. On volatility, SIL has been the lower-risk option at 17.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BKCH has performed better with a 56.01% return vs 49.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BKCH is cheaper with a 0.50% expense ratio, compared with 0.65% for SIL.
BKCH has the higher dividend yield at 1.44%, compared with 1.13% for SIL.
BKCH is categorized as Technology Equities, while SIL is Silver. Their fees differ too: 0.50% for BKCH and 0.65% for SIL.
SIL currently has the higher Sharpe Ratio (1.83 vs 1.44), 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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