BLCH.DE vs. SLVR.DE
BLCH.DE (Global X Blockchain UCITS ETF USD Accumulating) and SLVR.DE (WisdomTree Silver) are both exchange-traded funds - BLCH.DE is a Technology Equities fund tracking the Solactive Blockchain, while SLVR.DE is a Silver fund tracking the Bloomberg Silver Subindex. Both are passively managed. Over the past 3 years, BLCH.DE returned 56.73%/yr vs 45.36%/yr for SLVR.DE. At a 0.28 correlation, their price movements are largely independent. BLCH.DE charges 0.50%/yr vs 0.49%/yr for SLVR.DE.
Performance
BLCH.DE vs. SLVR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BLCH.DE achieves a 32.88% return, which is significantly higher than SLVR.DE's 1.99% return.
BLCH.DE
- 1D
- -4.18%
- 1M
- -0.70%
- YTD
- 32.88%
- 6M
- 14.42%
- 1Y
- 94.65%
- 3Y*
- 56.73%
- 5Y*
- —
- 10Y*
- —
SLVR.DE
- 1D
- 0.14%
- 1M
- -5.05%
- YTD
- 1.99%
- 6M
- 16.61%
- 1Y
- 84.77%
- 3Y*
- 45.36%
- 5Y*
- —
- 10Y*
- —
BLCH.DE vs. SLVR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BLCH.DE Global X Blockchain UCITS ETF USD Accumulating | 32.88% | 20.01% | 12.63% | 318.01% | -71.70% |
SLVR.DE WisdomTree Silver | 1.99% | 147.57% | 21.38% | -4.72% | -10.71% |
Correlation
The correlation between BLCH.DE and SLVR.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.28 |
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Return for Risk
BLCH.DE vs. SLVR.DE — Risk / Return Rank
BLCH.DE
SLVR.DE
BLCH.DE vs. SLVR.DE - 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 WisdomTree Silver (SLVR.DE). 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 | SLVR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.29 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 3.06 | -1.22 |
| Martin ratioReturn relative to average drawdown | 3.38 | 7.37 | -3.99 |
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 | SLVR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 1.85 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.68 | -0.53 |
Drawdowns
BLCH.DE vs. SLVR.DE - Drawdown Comparison
The maximum BLCH.DE drawdown since its inception was -83.29%, which is greater than SLVR.DE's maximum drawdown of -31.33%. Use the drawdown chart below to compare losses from any high point for BLCH.DE and SLVR.DE.
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Drawdown Indicators
| BLCH.DE | SLVR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.29% | -31.33% | -51.96% |
Max Drawdown (1Y)Largest decline over 1 year | -54.12% | -30.51% | -23.61% |
Max Drawdown (3Y)Largest decline over 3 years | -60.08% | -30.51% | -29.57% |
Current DrawdownCurrent decline from peak | -24.94% | -24.02% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -44.08% | -12.66% | -31.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.42% | 12.69% | +16.73% |
Volatility
BLCH.DE vs. SLVR.DE - Volatility Comparison
The current volatility for Global X Blockchain UCITS ETF USD Accumulating (BLCH.DE) is 16.11%, while WisdomTree Silver (SLVR.DE) has a volatility of 17.06%. This indicates that BLCH.DE experiences smaller price fluctuations and is considered to be less risky than SLVR.DE 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 | SLVR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.11% | 17.06% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 46.03% | 41.25% | +4.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.91% | 50.34% | +17.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.21% | 38.29% | +35.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.21% | 38.29% | +35.92% |
BLCH.DE vs. SLVR.DE - Expense Ratio Comparison
BLCH.DE has a 0.50% expense ratio, which is higher than SLVR.DE's 0.49% expense ratio.
Dividends
BLCH.DE vs. SLVR.DE - Dividend Comparison
Neither BLCH.DE nor SLVR.DE has paid dividends to shareholders.
Frequently Asked Questions
BLCH.DE and SLVR.DE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SLVR.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLVR.DE is cheaper with a 0.49% expense ratio, compared with 0.50% for BLCH.DE.
BLCH.DE is categorized as Technology Equities, while SLVR.DE is Silver. BLCH.DE tracks Solactive Blockchain, while SLVR.DE tracks Bloomberg Silver Subindex. They also come from different issuers: Global X and WisdomTree. Their fees differ too: 0.50% for BLCH.DE and 0.49% for SLVR.DE.
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