COIN vs. BKCH
COIN (Coinbase Global, Inc.) is a stock, while BKCH (Global X Blockchain ETF) is Technology Equities fund actively managed by Global X. Over the past 3 years, COIN returned 45.01%/yr vs 56.15%/yr for BKCH. Their correlation of 0.82 suggests significant overlap in exposure.
Performance
COIN vs. BKCH - Performance Comparison
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Returns By Period
In the year-to-date period, COIN achieves a -29.34% return, which is significantly lower than BKCH's 30.73% return.
COIN
- 1D
- -0.41%
- 1M
- -18.24%
- YTD
- -29.34%
- 6M
- -40.26%
- 1Y
- -34.17%
- 3Y*
- 45.01%
- 5Y*
- -6.53%
- 10Y*
- —
BKCH
- 1D
- 1.33%
- 1M
- -7.22%
- YTD
- 30.73%
- 6M
- 13.22%
- 1Y
- 85.38%
- 3Y*
- 56.15%
- 5Y*
- —
- 10Y*
- —
COIN vs. BKCH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
COIN Coinbase Global, Inc. | -29.34% | -8.92% | 42.77% | 391.44% | -85.98% | 3.72% |
BKCH Global X Blockchain ETF | 30.73% | 27.14% | 18.81% | 267.06% | -85.10% | -6.69% |
Correlation
The correlation between COIN and BKCH is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021 | 0.82 |
The correlation between COIN and BKCH shifts across timeframes, from 0.67 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
COIN vs. BKCH — Risk / Return Rank
COIN
BKCH
COIN vs. BKCH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coinbase Global, Inc. (COIN) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| COIN | BKCH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.21 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 1.39 | -1.90 |
| Martin ratioReturn relative to average drawdown | -0.82 | 2.54 | -3.36 |
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Drawdowns
COIN vs. BKCH - Drawdown Comparison
The maximum COIN drawdown since its inception was -91.46%, roughly equal to the maximum BKCH drawdown of -91.80%. Use the drawdown chart below to compare losses from any high point for COIN and BKCH.
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Drawdown Indicators
| COIN | BKCH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.46% | -91.80% | +0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -66.39% | -56.28% | -10.11% |
Max Drawdown (3Y)Largest decline over 3 years | -66.39% | -57.99% | -8.40% |
Max Drawdown (5Y)Largest decline over 5 years | -90.90% | — | — |
Current DrawdownCurrent decline from peak | -61.94% | -37.33% | -24.61% |
Average DrawdownAverage peak-to-trough decline | -52.60% | -61.98% | +9.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.01% | 30.68% | +10.33% |
Volatility
COIN vs. BKCH - Volatility Comparison
Coinbase Global, Inc. (COIN) and Global X Blockchain ETF (BKCH) have volatilities of 19.52% and 20.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COIN | BKCH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.52% | 20.27% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 51.84% | 52.94% | -1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.66% | 70.68% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.93% | 75.55% | +10.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.49% | 75.55% | +9.94% |
Dividends
COIN vs. BKCH - Dividend Comparison
COIN has not paid dividends to shareholders, while BKCH's dividend yield for the trailing twelve months is around 1.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BKCH Global X Blockchain ETF | 1.53% | 2.00% | 7.61% | 2.33% | 1.29% | 4.28% |
COIN Coinbase Global, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
COIN and BKCH have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKCH has higher volatility (20.27%) compared to COIN (19.52%). In terms of maximum drawdown, COIN dropped -91.46% vs BKCH's -91.80%.
BKCH currently has the higher Sharpe Ratio (1.11 vs -0.48), 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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