BKCN.L vs. QQQ

Last updated Jun 26, 2026

BKCN.L (WisdomTree Blockchain UCITS ETF USD Accumulating) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - BKCN.L is a Cryptocurrency fund tracking the WisdomTree Blockchain UCITS Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 3 years, BKCN.L returned 41.63%/yr vs 24.93%/yr for QQQ. At a 0.34 correlation, their price movements are largely independent. BKCN.L charges 0.45%/yr vs 0.18%/yr for QQQ.

Performance

BKCN.L vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Blockchain UCITS ETF USD Accumulating (BKCN.L) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BKCN.L is traded in GBp, while QQQ is traded in USD. To make them comparable, the QQQ values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, BKCN.L achieves a 13.73% return, which is significantly lower than QQQ's 18.55% return.

BKCN.L

• 1D: 0.00%
• 1M: -1.32%
• YTD: 13.73%
• 6M: 8.66%
• 1Y: 25.83%
• 3Y*: 41.63%
• 5Y*: —
• 10Y*: —

QQQ

• 1D: 0.00%
• 1M: -0.59%
• YTD: 18.55%
• 6M: 17.01%
• 1Y: 36.78%
• 3Y*: 24.93%
• 5Y*: 17.15%
• 10Y*: 22.30%

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

BKCN.L vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BKCN.L WisdomTree Blockchain UCITS ETF USD Accumulating	13.73%	9.09%	32.16%	142.21%	-55.07%
QQQ Invesco QQQ ETF	19.33%	12.17%	27.77%	47.12%	-13.11%

Correlation

The correlation between BKCN.L and QQQ is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022	0.34

Return for Risk

BKCN.L vs. QQQ — Risk / Return Rank

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

BKCN.L

BKCN.L Risk / Return Rank: 17
BKCN.L Sharpe Ratio Rank: 15
BKCN.L Sortino Ratio Rank: 20
BKCN.L Omega Ratio Rank: 22
BKCN.L Calmar Ratio Rank: 14
BKCN.L Martin Ratio Rank: 12

QQQ

QQQ Risk / Return Rank: 64
QQQ Sharpe Ratio Rank: 66
QQQ Sortino Ratio Rank: 61
QQQ Omega Ratio Rank: 63
QQQ Calmar Ratio Rank: 65
QQQ Martin Ratio Rank: 65

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.

BKCN.L vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Blockchain UCITS ETF USD Accumulating (BKCN.L) and Invesco QQQ ETF (QQQ). 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.

	BKCN.L	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	0.39	2.15	-1.76
Sortino ratio: Return per unit of downside risk	1.10	2.77	-1.68
Omega ratio: Gain probability vs. loss probability	1.15	1.39	-0.24
Calmar ratio: Return relative to maximum drawdown	0.49	3.11	-2.62
Martin ratio: Return relative to average drawdown	0.76	9.22	-8.46

BKCN.L vs. QQQ - Sharpe Ratio Comparison

The current BKCN.L Sharpe Ratio is 0.39, which is lower than the QQQ Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of BKCN.L and QQQ, 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

BKCN.L vs. QQQ - Drawdown Comparison

The maximum BKCN.L drawdown since its inception was -62.33%, which is greater than QQQ's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for BKCN.L and QQQ.

Drawdown Indicators

	BKCN.L	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-62.33%	-34.25%	-28.08%
Max Drawdown (1Y) Largest decline over 1 year	-52.69%	-11.89%	-40.80%
Max Drawdown (3Y) Largest decline over 3 years	-52.69%	-24.87%	-27.82%
Max Drawdown (5Y) Largest decline over 5 years	—	-27.87%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.87%	—
Current Drawdown Current decline from peak	-37.37%	-3.71%	-33.66%
Average Drawdown Average peak-to-trough decline	-29.40%	-5.47%	-23.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.95%	4.00%	+29.95%

Volatility

BKCN.L vs. QQQ - Volatility Comparison

WisdomTree Blockchain UCITS ETF USD Accumulating (BKCN.L) has a higher volatility of 12.76% compared to Invesco QQQ ETF (QQQ) at 8.56%. This indicates that BKCN.L's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKCN.L	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.76%	8.56%	+4.20%
Volatility (6M) Calculated over the trailing 6-month period	31.17%	13.34%	+17.83%
Volatility (1Y) Calculated over the trailing 1-year period	66.21%	17.17%	+49.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.32%	21.41%	+42.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.32%	22.29%	+42.03%

BKCN.L vs. QQQ - Expense Ratio Comparison

BKCN.L has a 0.45% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

BKCN.L vs. QQQ - Dividend Comparison

BKCN.L has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.42%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKCN.L WisdomTree Blockchain UCITS ETF USD Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.42%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both BKCN.L and QQQ in my portfolio?

BKCN.L and QQQ have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BKCN.L or QQQ?

On fees, QQQ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BKCN.L or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.45% for BKCN.L.

What is the main difference between BKCN.L and QQQ?

BKCN.L is categorized as Cryptocurrency, while QQQ is Nasdaq-100. BKCN.L tracks WisdomTree Blockchain UCITS Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.45% for BKCN.L and 0.18% for QQQ.