BKCH vs. TSXU

Last updated Jun 4, 2026

BKCH (Global X Blockchain ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - BKCH is a Technology Equities fund actively managed by Global X, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). BKCH is actively managed, while TSXU is passively managed. A 0.64 correlation means they provide meaningful diversification when combined. BKCH charges 0.50%/yr vs 1.05%/yr for TSXU.

Performance

BKCH vs. TSXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Blockchain ETF (BKCH) and Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKCH achieves a 38.46% return, which is significantly lower than TSXU's 141.91% return.

BKCH

• 1D: -3.34%
• 1M: 13.82%
• YTD: 38.46%
• 6M: 15.41%
• 1Y: 99.88%
• 3Y*: 56.01%
• 5Y*: —
• 10Y*: —

TSXU

• 1D: -0.92%
• 1M: 66.50%
• YTD: 141.91%
• 6M: 130.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BKCH vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
BKCH Global X Blockchain ETF	38.46%	-26.23%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	141.91%	13.59%

Correlation

The correlation between BKCH and TSXU is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.64

Return for Risk

BKCH vs. TSXU — Risk / Return Rank

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

BKCH

BKCH Risk / Return Rank: 35
BKCH Sharpe Ratio Rank: 40
BKCH Sortino Ratio Rank: 39
BKCH Omega Ratio Rank: 35
BKCH Calmar Ratio Rank: 36
BKCH 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. TSXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain ETF (BKCH) and Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). 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	TSXU	Difference
Sharpe ratio: Return per unit of total volatility	1.44	—	—
Sortino ratio: Return per unit of downside risk	2.04	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.78	—	—
Martin ratio: Return relative to average drawdown	3.31	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BKCH	TSXU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	4.53	-4.50

Drawdowns

BKCH vs. TSXU - Drawdown Comparison

The maximum BKCH drawdown since its inception was -91.80%, which is greater than TSXU's maximum drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for BKCH and TSXU.

Drawdown Indicators

	BKCH	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-91.80%	-35.62%	-56.18%
Max Drawdown (1Y) Largest decline over 1 year	-56.28%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-57.99%	—	—
Current Drawdown Current decline from peak	-33.62%	-0.92%	-32.70%
Average Drawdown Average peak-to-trough decline	-62.13%	-10.56%	-51.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.25%	—	—

Volatility

Volatility by Period

	BKCH	TSXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	51.40%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	69.90%	78.68%	-8.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.43%	78.68%	-3.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.43%	78.68%	-3.25%

BKCH vs. TSXU - Expense Ratio Comparison

BKCH has a 0.50% expense ratio, which is lower than TSXU's 1.05% expense ratio.

Dividends

BKCH vs. TSXU - Dividend Comparison

BKCH's dividend yield for the trailing twelve months is around 1.44%, more than TSXU's 1.20% yield.

Position	TTM	2025	2024	2023	2022	2021
BKCH Global X Blockchain ETF	1.44%	2.00%	7.61%	2.33%	1.29%	4.28%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.20%	2.54%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BKCH and TSXU in my portfolio?

BKCH and TSXU have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BKCH or TSXU?

On fees, BKCH is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BKCH or TSXU?

BKCH is cheaper with a 0.50% expense ratio, compared with 1.05% for TSXU.

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

BKCH has the higher dividend yield at 1.44%, compared with 1.20% for TSXU.

What is the main difference between BKCH and TSXU?

BKCH is categorized as Technology Equities, while TSXU is Leveraged Equities. They also come from different issuers: Global X and Direxion. Their fees differ too: 0.50% for BKCH and 1.05% for TSXU.