BLCH.DE vs. BTCW
BLCH.DE (Global X Blockchain UCITS ETF USD Accumulating) and BTCW (Wisdom Tree Bitcoin Fund) are both exchange-traded funds - BLCH.DE is a Technology Equities fund tracking the Solactive Blockchain, while BTCW is a Cryptocurrency fund managed by WisdomTree. Over the past year, BLCH.DE returned 99.86% vs -40.51% for BTCW. At a 0.49 correlation, their price movements are largely independent. BLCH.DE charges 0.50%/yr vs 0.30%/yr for BTCW.
Performance
BLCH.DE vs. BTCW - Performance Comparison
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Different Trading Currencies
BLCH.DE is traded in EUR, while BTCW is traded in USD. To make them comparable, the BTCW values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, BLCH.DE achieves a 32.88% return, which is significantly higher than BTCW's -26.66% return.
BLCH.DE
- 1D
- -4.18%
- 1M
- 10.44%
- YTD
- 32.88%
- 6M
- 11.08%
- 1Y
- 99.86%
- 3Y*
- 56.73%
- 5Y*
- —
- 10Y*
- —
BTCW
- 1D
- -2.94%
- 1M
- -21.66%
- YTD
- -26.66%
- 6M
- -31.28%
- 1Y
- -40.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BLCH.DE vs. BTCW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BLCH.DE Global X Blockchain UCITS ETF USD Accumulating | 32.88% | 20.01% | 46.35% |
BTCW Wisdom Tree Bitcoin Fund | -26.66% | -17.20% | 111.96% |
Correlation
The correlation between BLCH.DE and BTCW is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.49 |
The correlation between BLCH.DE and BTCW has been stable across timeframes, ranging from 0.49 to 0.56 - a consistent structural relationship.
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Return for Risk
BLCH.DE vs. BTCW — Risk / Return Rank
BLCH.DE
BTCW
BLCH.DE vs. BTCW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain UCITS ETF USD Accumulating (BLCH.DE) and Wisdom Tree Bitcoin Fund (BTCW). 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.
| BLCH.DE | BTCW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.41 | ||
| Sortino ratioReturn per unit of downside risk | +3.33 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.85 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | -0.82 | +2.65 |
| Martin ratioReturn relative to average drawdown | 3.38 | -1.43 | +4.81 |
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
| BLCH.DE | BTCW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | -0.94 | +2.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.22 | -0.07 |
Drawdowns
BLCH.DE vs. BTCW - Drawdown Comparison
The maximum BLCH.DE drawdown since its inception was -83.29%, which is greater than BTCW's maximum drawdown of -49.57%. Use the drawdown chart below to compare losses from any high point for BLCH.DE and BTCW.
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Drawdown Indicators
| BLCH.DE | BTCW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.29% | -49.57% | -33.72% |
Max Drawdown (1Y)Largest decline over 1 year | -54.12% | -49.57% | -4.55% |
Max Drawdown (3Y)Largest decline over 3 years | -60.08% | — | — |
Current DrawdownCurrent decline from peak | -24.94% | -49.02% | +24.08% |
Average DrawdownAverage peak-to-trough decline | -44.08% | -16.48% | -27.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.42% | 28.44% | +0.98% |
Volatility
BLCH.DE vs. BTCW - Volatility Comparison
Global X Blockchain UCITS ETF USD Accumulating (BLCH.DE) has a higher volatility of 16.11% compared to Wisdom Tree Bitcoin Fund (BTCW) at 9.12%. This indicates that BLCH.DE's price experiences larger fluctuations and is considered to be riskier than BTCW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLCH.DE | BTCW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.11% | 9.12% | +6.99% |
Volatility (6M)Calculated over the trailing 6-month period | 46.03% | 33.57% | +12.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.91% | 43.25% | +24.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.21% | 50.10% | +24.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.21% | 50.10% | +24.11% |
BLCH.DE vs. BTCW - Expense Ratio Comparison
BLCH.DE has a 0.50% expense ratio, which is higher than BTCW's 0.30% expense ratio.
Dividends
BLCH.DE vs. BTCW - Dividend Comparison
Neither BLCH.DE nor BTCW has paid dividends to shareholders.
Frequently Asked Questions
BLCH.DE and BTCW have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BTCW is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BTCW is cheaper with a 0.30% expense ratio, compared with 0.50% for BLCH.DE.
BLCH.DE is categorized as Technology Equities, while BTCW is Cryptocurrency. They also come from different issuers: Global X and WisdomTree. Their fees differ too: 0.50% for BLCH.DE and 0.30% for BTCW.
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