BKCH vs. STCE

Last updated Jun 3, 2026

BKCH (Global X Blockchain ETF) and STCE (Schwab Crypto Thematic ETF) are both exchange-traded funds - BKCH is a Technology Equities fund actively managed by Global X, while STCE is a Blockchain fund tracking the Schwab Crypto Thematic Index. BKCH is actively managed, while STCE is passively managed. Over the past 3 years, BKCH returned 57.79%/yr vs 59.08%/yr for STCE. With a 0.96 correlation, they move nearly in lockstep. BKCH charges 0.50%/yr vs 0.30%/yr for STCE.

Performance

BKCH vs. STCE - Performance Comparison

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

Returns By Period

In the year-to-date period, BKCH achieves a 43.25% return, which is significantly higher than STCE's 34.64% return.

BKCH

• 1D: -1.32%
• 1M: 23.30%
• YTD: 43.25%
• 6M: 24.50%
• 1Y: 116.23%
• 3Y*: 57.79%
• 5Y*: —
• 10Y*: —

STCE

• 1D: -2.06%
• 1M: 22.00%
• YTD: 34.64%
• 6M: 16.77%
• 1Y: 94.76%
• 3Y*: 59.08%
• 5Y*: —
• 10Y*: —

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

BKCH vs. STCE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BKCH Global X Blockchain ETF	43.25%	27.14%	18.81%	267.06%	-58.14%
STCE Schwab Crypto Thematic ETF	34.64%	36.12%	41.76%	108.65%	-38.86%

Correlation

The correlation between BKCH and STCE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (All Time) Calculated using the full available price history since Aug 5, 2022	0.96

The correlation between BKCH and STCE has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

BKCH vs. STCE — Risk / Return Rank

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

BKCH

BKCH Risk / Return Rank: 41
BKCH Sharpe Ratio Rank: 48
BKCH Sortino Ratio Rank: 44
BKCH Omega Ratio Rank: 40
BKCH Calmar Ratio Rank: 45
BKCH Martin Ratio Rank: 28

STCE

STCE Risk / Return Rank: 37
STCE Sharpe Ratio Rank: 44
STCE Sortino Ratio Rank: 42
STCE Omega Ratio Rank: 38
STCE Calmar Ratio Rank: 36
STCE Martin Ratio Rank: 25

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. STCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain ETF (BKCH) and Schwab Crypto Thematic ETF (STCE). 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	STCE	Difference
Sharpe ratio Return per unit of total volatility	1.67	1.56	+0.12
Sortino ratio Return per unit of downside risk	2.22	2.12	+0.10
Omega ratio Gain probability vs. loss probability	1.26	1.25	+0.01
Calmar ratio Return relative to maximum drawdown	2.24	1.82	+0.43
Martin ratio Return relative to average drawdown	4.18	3.30	+0.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BKCH vs. STCE - Sharpe Ratio Comparison

The current BKCH Sharpe Ratio is 1.67, which is comparable to the STCE Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of BKCH and STCE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BKCH	STCE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.67	1.56	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.66	-0.62

Drawdowns

BKCH vs. STCE - Drawdown Comparison

The maximum BKCH drawdown since its inception was -91.80%, which is greater than STCE's maximum drawdown of -54.11%. Use the drawdown chart below to compare losses from any high point for BKCH and STCE.

Drawdown Indicators

	BKCH	STCE	Difference
Max Drawdown Largest peak-to-trough decline	-91.80%	-54.11%	-37.69%
Max Drawdown (1Y) Largest decline over 1 year	-56.28%	-54.11%	-2.17%
Max Drawdown (3Y) Largest decline over 3 years	-57.99%	-54.11%	-3.88%
Current Drawdown Current decline from peak	-31.32%	-24.14%	-7.18%
Average Drawdown Average peak-to-trough decline	-62.15%	-21.98%	-40.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.21%	29.83%	+0.38%

Volatility

BKCH vs. STCE - Volatility Comparison

Global X Blockchain ETF (BKCH) has a higher volatility of 17.99% compared to Schwab Crypto Thematic ETF (STCE) at 14.78%. This indicates that BKCH's price experiences larger fluctuations and is considered to be riskier than STCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKCH	STCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.99%	14.78%	+3.21%
Volatility (6M) Calculated over the trailing 6-month period	51.47%	42.98%	+8.49%
Volatility (1Y) Calculated over the trailing 1-year period	69.93%	61.12%	+8.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.44%	55.88%	+19.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.44%	55.88%	+19.56%

BKCH vs. STCE - Expense Ratio Comparison

BKCH has a 0.50% expense ratio, which is higher than STCE's 0.30% expense ratio.

Dividends

BKCH vs. STCE - Dividend Comparison

BKCH's dividend yield for the trailing twelve months is around 1.40%, less than STCE's 1.46% yield.

Position	TTM	2025	2024	2023	2022	2021
BKCH Global X Blockchain ETF	1.40%	2.00%	7.61%	2.33%	1.29%	4.28%
STCE Schwab Crypto Thematic ETF	1.46%	1.96%	0.64%	0.31%	1.46%	0.00%

Frequently Asked Questions

Can I hold both BKCH and STCE in my portfolio?

With a correlation of 0.98, BKCH and STCE 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 STCE?

BKCH has higher volatility (17.99%) compared to STCE (14.78%). In terms of maximum drawdown, BKCH dropped -91.80% vs STCE's -54.11%.

Which ETF is better, BKCH or STCE?

On 3-year performance, STCE leads with 59.08% vs 57.79% for BKCH. On fees, STCE is cheaper at 0.30% per year. On volatility, STCE has been the lower-risk option at 14.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKCH or STCE?

Over the 3-year period, STCE has performed better with a 59.08% return vs 57.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKCH or STCE?

STCE is cheaper with a 0.30% expense ratio, compared with 0.50% for BKCH.

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

STCE has the higher dividend yield at 1.46%, compared with 1.40% for BKCH.

What is the main difference between BKCH and STCE?

BKCH is categorized as Technology Equities, while STCE is Blockchain. They also come from different issuers: Global X and Charles Schwab. Their fees differ too: 0.50% for BKCH and 0.30% for STCE.

Which has better risk-adjusted returns?

BKCH currently has the higher Sharpe Ratio (1.67 vs 1.56), 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.