BLCN vs. BKCH
BLCN (Siren ETF Trust Siren Nasdaq NexGen Economy ETF) and BKCH (Global X Blockchain ETF) are both exchange-traded funds - BLCN is a Large Cap Blend Equities fund tracking the Siren NASDAQ Blockchain Economy Index, while BKCH is a Technology Equities fund actively managed by Global X. BLCN is passively managed, while BKCH is actively managed. Over the past 3 years, BLCN returned 9.50%/yr vs 56.01%/yr for BKCH. A 0.71 correlation means they provide meaningful diversification when combined. BLCN charges 0.68%/yr vs 0.50%/yr for BKCH.
Performance
BLCN vs. BKCH - Performance Comparison
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Returns By Period
In the year-to-date period, BLCN achieves a 13.09% return, which is significantly lower than BKCH's 38.46% return.
BLCN
- 1D
- 0.39%
- 1M
- 10.42%
- YTD
- 13.09%
- 6M
- 10.14%
- 1Y
- 27.10%
- 3Y*
- 9.50%
- 5Y*
- -9.77%
- 10Y*
- —
BKCH
- 1D
- -3.34%
- 1M
- 13.82%
- YTD
- 38.46%
- 6M
- 15.41%
- 1Y
- 99.88%
- 3Y*
- 56.01%
- 5Y*
- —
- 10Y*
- —
BLCN vs. BKCH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 13.09% | -3.69% | 5.62% | 21.09% | -51.76% | -8.37% |
BKCH Global X Blockchain ETF | 38.46% | 27.14% | 18.81% | 267.06% | -85.10% | -1.24% |
Correlation
The correlation between BLCN and BKCH is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021 | 0.71 |
The correlation between BLCN and BKCH shifts across timeframes, from 0.60 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BLCN vs. BKCH — Risk / Return Rank
BLCN
BKCH
BLCN vs. BKCH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN) and Global X Blockchain ETF (BKCH). 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.
| BLCN | BKCH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.24 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.78 | -0.86 |
| Martin ratioReturn relative to average drawdown | 1.97 | 3.31 | -1.35 |
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
| BLCN | BKCH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 1.44 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.03 | +0.05 |
Drawdowns
BLCN vs. BKCH - Drawdown Comparison
The maximum BLCN drawdown since its inception was -67.51%, smaller than the maximum BKCH drawdown of -91.80%. Use the drawdown chart below to compare losses from any high point for BLCN and BKCH.
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Drawdown Indicators
| BLCN | BKCH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.51% | -91.80% | +24.29% |
Max Drawdown (1Y)Largest decline over 1 year | -29.53% | -56.28% | +26.75% |
Max Drawdown (3Y)Largest decline over 3 years | -45.26% | -57.99% | +12.73% |
Max Drawdown (5Y)Largest decline over 5 years | -67.51% | — | — |
Current DrawdownCurrent decline from peak | -45.11% | -33.62% | -11.49% |
Average DrawdownAverage peak-to-trough decline | -30.29% | -62.13% | +31.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.82% | 30.25% | -16.43% |
Volatility
BLCN vs. BKCH - Volatility Comparison
The current volatility for Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN) is 14.45%, while Global X Blockchain ETF (BKCH) has a volatility of 18.09%. This indicates that BLCN experiences smaller price fluctuations and is considered to be less risky than BKCH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLCN | BKCH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.45% | 18.09% | -3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 29.11% | 51.40% | -22.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.03% | 69.90% | -33.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.93% | 75.43% | -40.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.22% | 75.43% | -44.21% |
BLCN vs. BKCH - Expense Ratio Comparison
BLCN has a 0.68% expense ratio, which is higher than BKCH's 0.50% expense ratio.
Dividends
BLCN vs. BKCH - Dividend Comparison
BLCN's dividend yield for the trailing twelve months is around 2.66%, more than BKCH's 1.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BKCH Global X Blockchain ETF | 1.44% | 2.00% | 7.61% | 2.33% | 1.29% | 4.28% | 0.00% | 0.00% | 0.00% |
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 2.66% | 3.01% | 0.67% | 0.54% | 1.28% | 0.56% | 0.58% | 1.45% | 1.16% |
Frequently Asked Questions
BLCN and BKCH have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKCH has higher volatility (18.09%) compared to BLCN (14.45%). In terms of maximum drawdown, BLCN dropped -67.51% vs BKCH's -91.80%.
On 3-year performance, BKCH leads with 56.01% vs 9.50% for BLCN. On fees, BKCH is cheaper at 0.50% per year. On volatility, BLCN has been the lower-risk option at 14.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BKCH has performed better with a 56.01% return vs 9.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BKCH is cheaper with a 0.50% expense ratio, compared with 0.68% for BLCN.
BLCN has the higher dividend yield at 2.66%, compared with 1.44% for BKCH.
BLCN is categorized as Large Cap Blend Equities, while BKCH is Technology Equities. They also come from different issuers: SRN Advisors and Global X. Their fees differ too: 0.68% for BLCN and 0.50% for BKCH.
BKCH currently has the higher Sharpe Ratio (1.44 vs 0.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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