BRRR vs. BKCH
Compare and contrast key facts about Valkyrie Bitcoin ETF (BRRR) and Global X Blockchain ETF (BKCH).
BRRR and BKCH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BRRR is a passively managed fund by Valkyrie Digital Assets that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 10, 2024. BKCH is an actively managed fund by Global X. It was launched on Jul 12, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BRRR or BKCH.
Correlation
The correlation between BRRR and BKCH is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BRRR vs. BKCH - Performance Comparison
Key characteristics
BRRR:
2.23
BKCH:
0.86
BRRR:
2.80
BKCH:
1.72
BRRR:
1.33
BKCH:
1.19
BRRR:
4.61
BKCH:
0.86
BRRR:
10.54
BKCH:
3.57
BRRR:
11.96%
BKCH:
18.96%
BRRR:
56.41%
BKCH:
79.08%
BRRR:
-27.37%
BKCH:
-91.80%
BRRR:
-6.72%
BKCH:
-57.49%
Returns By Period
In the year-to-date period, BRRR achieves a 6.58% return, which is significantly lower than BKCH's 12.73% return.
BRRR
6.58%
-5.81%
54.04%
129.43%
N/A
N/A
BKCH
12.73%
-14.95%
1.39%
76.08%
N/A
N/A
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BRRR vs. BKCH - Expense Ratio Comparison
BRRR has a 0.25% expense ratio, which is lower than BKCH's 0.50% expense ratio.
Risk-Adjusted Performance
BRRR vs. BKCH — Risk-Adjusted Performance Rank
BRRR
BKCH
BRRR vs. BKCH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin ETF (BRRR) 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.
Dividends
BRRR vs. BKCH - Dividend Comparison
BRRR has not paid dividends to shareholders, while BKCH's dividend yield for the trailing twelve months is around 6.75%.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
BRRR Valkyrie Bitcoin ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BKCH Global X Blockchain ETF | 6.75% | 7.61% | 2.33% | 1.30% | 4.28% |
Drawdowns
BRRR vs. BKCH - Drawdown Comparison
The maximum BRRR drawdown since its inception was -27.37%, smaller than the maximum BKCH drawdown of -91.80%. Use the drawdown chart below to compare losses from any high point for BRRR and BKCH. For additional features, visit the drawdowns tool.
Volatility
BRRR vs. BKCH - Volatility Comparison
The current volatility for Valkyrie Bitcoin ETF (BRRR) is 15.71%, while Global X Blockchain ETF (BKCH) has a volatility of 23.44%. This indicates that BRRR 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.