BLCH.DE vs. BTC-USD
Compare and contrast key facts about Global X Blockchain UCITS ETF USD Accumulating (BLCH.DE) and Bitcoin (BTC-USD).
BLCH.DE is a passively managed fund by Global X that tracks the performance of the Solactive Blockchain. It was launched on Jan 21, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BLCH.DE or BTC-USD.
Key characteristics
| BLCH.DE | BTC-USD | |
|---|---|---|
| YTD Return | -23.19% | 45.63% |
| 1Y Return | 81.34% | 126.36% |
| Sharpe Ratio | 0.80 | 4.96 |
| Daily Std Dev | 79.35% | 39.19% |
| Max Drawdown | -83.29% | -93.07% |
| Current Drawdown | -45.46% | -15.78% |
Correlation
The correlation between BLCH.DE and BTC-USD is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BLCH.DE vs. BTC-USD - Performance Comparison
In the year-to-date period, BLCH.DE achieves a -23.19% return, which is significantly lower than BTC-USD's 45.63% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BLCH.DE vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain UCITS ETF USD Accumulating (BLCH.DE) and Bitcoin (BTC-USD). 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.
Drawdowns
BLCH.DE vs. BTC-USD - Drawdown Comparison
The maximum BLCH.DE drawdown since its inception was -83.29%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for BLCH.DE and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
BLCH.DE vs. BTC-USD - Volatility Comparison
Global X Blockchain UCITS ETF USD Accumulating (BLCH.DE) has a higher volatility of 21.89% compared to Bitcoin (BTC-USD) at 14.14%. This indicates that BLCH.DE's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.