BLCH.DE vs. BTCW

Last updated Apr 3, 2026

Compare and contrast key facts about Global X Blockchain UCITS ETF USD Accumulating (BLCH.DE) and Wisdom Tree Bitcoin Fund (BTCW).

BLCH.DE and BTCW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BTCW is managed by WisdomTree. It was launched on Jan 11, 2024.

Performance

BLCH.DE vs. BTCW - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Global X Blockchain UCITS ETF USD Accumulating (BLCH.DE) and Wisdom Tree Bitcoin Fund (BTCW). The values are adjusted to include any dividend payments, if applicable.

BLCH.DE vs. BTCW - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BLCH.DE Global X Blockchain UCITS ETF USD Accumulating	-14.45%	20.01%	46.35%
BTCW Wisdom Tree Bitcoin Fund	-22.09%	-17.20%	111.96%

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 -14.45% return, which is significantly higher than BTCW's -21.04% return.

BLCH.DE

• 1D: -1.11%
• 1M: -7.52%
• YTD: -14.45%
• 6M: -35.08%
• 1Y: 59.22%
• 3Y*: 42.64%
• 5Y*: —
• 10Y*: —

BTCW

• 1D: 0.00%
• 1M: 0.10%
• YTD: -21.04%
• 6M: -43.06%
• 1Y: -26.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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.

BLCH.DE

Global X Blockchain UCITS ETF USD Accumulating

BTCW

Wisdom Tree Bitcoin Fund

Return for Risk

BLCH.DE vs. BTCW — Risk / Return Rank

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

BLCH.DE

BLCH.DE Risk / Return Rank: 41
BLCH.DE Sharpe Ratio Rank: 43
BLCH.DE Sortino Ratio Rank: 51
BLCH.DE Omega Ratio Rank: 41
BLCH.DE Calmar Ratio Rank: 44
BLCH.DE Martin Ratio Rank: 27

BTCW

BTCW Risk / Return Rank: 5
BTCW Sharpe Ratio Rank: 4
BTCW Sortino Ratio Rank: 5
BTCW Omega Ratio Rank: 5
BTCW Calmar Ratio Rank: 5
BTCW Martin Ratio Rank: 5

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.

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 ratio Return per unit of total volatility	0.86	-0.59	+1.45
Sortino ratio Return per unit of downside risk	1.47	-0.63	+2.10
Omega ratio Gain probability vs. loss probability	1.17	0.93	+0.25
Calmar ratio Return relative to maximum drawdown	1.39	-0.51	+1.91
Martin ratio Return relative to average drawdown	2.87	-1.08	+3.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BLCH.DE vs. BTCW - Sharpe Ratio Comparison

The current BLCH.DE Sharpe Ratio is 0.86, which is higher than the BTCW Sharpe Ratio of -0.59. The chart below compares the historical Sharpe Ratios of BLCH.DE and BTCW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BLCH.DE	BTCW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	-0.59	+1.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.31	-0.30

Correlation

The correlation between BLCH.DE and BTCW is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BLCH.DE vs. BTCW - Dividend Comparison

Neither BLCH.DE nor BTCW has paid dividends to shareholders.

Tickers have no history of dividend payments

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.

Drawdown Indicators

	BLCH.DE	BTCW	Difference
Max Drawdown Largest peak-to-trough decline	-83.29%	-49.29%	-34.00%
Max Drawdown (1Y) Largest decline over 1 year	-54.12%	-49.29%	-4.83%
Current Drawdown Current decline from peak	-51.67%	-46.66%	-5.01%
Average Drawdown Average peak-to-trough decline	-44.58%	-14.22%	-30.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.31%	23.41%	+2.90%

Volatility

BLCH.DE vs. BTCW - Volatility Comparison

Global X Blockchain UCITS ETF USD Accumulating (BLCH.DE) has a higher volatility of 16.20% compared to Wisdom Tree Bitcoin Fund (BTCW) at 10.39%. 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.

Volatility by Period

	BLCH.DE	BTCW	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.20%	10.39%	+5.81%
Volatility (6M) Calculated over the trailing 6-month period	54.04%	36.32%	+17.72%
Volatility (1Y) Calculated over the trailing 1-year period	69.02%	45.50%	+23.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.56%	51.10%	+23.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.56%	51.10%	+23.46%