BLKC vs. BTC-USD
Compare and contrast key facts about Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) and Bitcoin (BTC-USD).
BLKC is a passively managed fund by Invesco that tracks the performance of the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index. It was launched on Oct 7, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BLKC or BTC-USD.
Key characteristics
| BLKC | BTC-USD | |
|---|---|---|
| YTD Return | 12.27% | 42.69% |
| 1Y Return | 57.96% | 125.42% |
| Sharpe Ratio | 1.65 | 0.86 |
| Daily Std Dev | 34.69% | 43.26% |
| Max Drawdown | -72.75% | -93.07% |
| Current Drawdown | -28.22% | -17.48% |
Correlation
The correlation between BLKC and BTC-USD is 0.59, 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.
Performance
BLKC vs. BTC-USD - Performance Comparison
In the year-to-date period, BLKC achieves a 12.27% return, which is significantly lower than BTC-USD's 42.69% 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
BLKC vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) 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
BLKC vs. BTC-USD - Drawdown Comparison
The maximum BLKC drawdown since its inception was -72.75%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for BLKC and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
BLKC vs. BTC-USD - Volatility Comparison
The current volatility for Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) is 9.47%, while Bitcoin (BTC-USD) has a volatility of 14.35%. This indicates that BLKC experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.