DECO vs. BKCH

Last updated Jun 4, 2026

DECO (State Street Galaxy Digital Asset Ecosystem ETF) and BKCH (Global X Blockchain ETF) are both exchange-traded funds - DECO is a Blockchain fund actively managed by State Street, while BKCH is a Technology Equities fund actively managed by Global X. Both are actively managed. Over the past year, DECO returned 167.73% vs 99.88% for BKCH. Their correlation of 0.94 suggests significant overlap in exposure. DECO charges 0.65%/yr vs 0.50%/yr for BKCH.

Performance

DECO vs. BKCH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Galaxy Digital Asset Ecosystem ETF (DECO) and Global X Blockchain ETF (BKCH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DECO achieves a 79.56% return, which is significantly higher than BKCH's 38.46% return.

DECO

• 1D: 0.01%
• 1M: 39.50%
• YTD: 79.56%
• 6M: 62.77%
• 1Y: 167.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BKCH

• 1D: -3.34%
• 1M: 13.82%
• YTD: 38.46%
• 6M: 15.41%
• 1Y: 99.88%
• 3Y*: 56.01%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DECO vs. BKCH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DECO State Street Galaxy Digital Asset Ecosystem ETF	79.56%	42.48%	29.54%
BKCH Global X Blockchain ETF	38.46%	27.14%	28.93%

Correlation

The correlation between DECO and BKCH is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (All Time) Calculated using the full available price history since Sep 11, 2024	0.94

The correlation between DECO and BKCH has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

DECO vs. BKCH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DECO

DECO Risk / Return Rank: 89
DECO Sharpe Ratio Rank: 95
DECO Sortino Ratio Rank: 87
DECO Omega Ratio Rank: 82
DECO Calmar Ratio Rank: 93
DECO Martin Ratio Rank: 87

BKCH

BKCH Risk / Return Rank: 35
BKCH Sharpe Ratio Rank: 40
BKCH Sortino Ratio Rank: 39
BKCH Omega Ratio Rank: 35
BKCH Calmar Ratio Rank: 36
BKCH Martin Ratio Rank: 25

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DECO vs. BKCH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Galaxy Digital Asset Ecosystem ETF (DECO) 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.

	DECO	BKCH	Difference
Sharpe ratio: Return per unit of total volatility	3.80	1.44	+2.36
Sortino ratio: Return per unit of downside risk	3.94	2.04	+1.90
Omega ratio: Gain probability vs. loss probability	1.49	1.24	+0.25
Calmar ratio: Return relative to maximum drawdown	6.59	1.78	+4.81
Martin ratio: Return relative to average drawdown	18.43	3.31	+15.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DECO vs. BKCH - Sharpe Ratio Comparison

The current DECO Sharpe Ratio is 3.80, which is higher than the BKCH Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of DECO and BKCH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DECO	BKCH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.80	1.44	+2.36
Sharpe Ratio (All Time) Calculated using the full available price history	1.96	0.03	+1.93

Drawdowns

DECO vs. BKCH - Drawdown Comparison

The maximum DECO drawdown since its inception was -47.71%, smaller than the maximum BKCH drawdown of -91.80%. Use the drawdown chart below to compare losses from any high point for DECO and BKCH.

Drawdown Indicators

	DECO	BKCH	Difference
Max Drawdown Largest peak-to-trough decline	-47.71%	-91.80%	+44.09%
Max Drawdown (1Y) Largest decline over 1 year	-25.60%	-56.28%	+30.68%
Max Drawdown (3Y) Largest decline over 3 years	—	-57.99%	—
Current Drawdown Current decline from peak	-0.33%	-33.62%	+33.29%
Average Drawdown Average peak-to-trough decline	-11.67%	-62.13%	+50.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.14%	30.25%	-21.11%

Volatility

DECO vs. BKCH - Volatility Comparison

The current volatility for State Street Galaxy Digital Asset Ecosystem ETF (DECO) is 11.53%, while Global X Blockchain ETF (BKCH) has a volatility of 18.09%. This indicates that DECO 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.

Volatility by Period

	DECO	BKCH	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.53%	18.09%	-6.56%
Volatility (6M) Calculated over the trailing 6-month period	33.83%	51.40%	-17.57%
Volatility (1Y) Calculated over the trailing 1-year period	44.46%	69.90%	-25.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.50%	75.43%	-23.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.50%	75.43%	-23.93%

DECO vs. BKCH - Expense Ratio Comparison

DECO has a 0.65% expense ratio, which is higher than BKCH's 0.50% expense ratio.

Dividends

DECO vs. BKCH - Dividend Comparison

DECO's dividend yield for the trailing twelve months is around 0.64%, less than BKCH's 1.44% yield.

Position	TTM	2025	2024	2023	2022	2021
BKCH Global X Blockchain ETF	1.44%	2.00%	7.61%	2.33%	1.29%	4.28%
DECO State Street Galaxy Digital Asset Ecosystem ETF	0.64%	1.16%	1.73%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DECO and BKCH in my portfolio?

With a correlation of 0.92, DECO and BKCH move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DECO or BKCH?

BKCH has higher volatility (18.09%) compared to DECO (11.53%). In terms of maximum drawdown, DECO dropped -47.71% vs BKCH's -91.80%.

Which ETF is better, DECO or BKCH?

On 1-year performance, DECO leads with 167.73% vs 99.88% for BKCH. On fees, BKCH is cheaper at 0.50% per year. On volatility, DECO has been the lower-risk option at 11.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DECO or BKCH?

Over the 1-year period, DECO has performed better with a 167.73% return vs 99.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DECO or BKCH?

BKCH is cheaper with a 0.50% expense ratio, compared with 0.65% for DECO.

Which ETF pays a higher dividend yield, DECO or BKCH?

BKCH has the higher dividend yield at 1.44%, compared with 0.64% for DECO.

What is the main difference between DECO and BKCH?

DECO is categorized as Blockchain, while BKCH is Technology Equities. They also come from different issuers: State Street and Global X. Their fees differ too: 0.65% for DECO and 0.50% for BKCH.

Which has better risk-adjusted returns?

DECO currently has the higher Sharpe Ratio (3.80 vs 1.44), 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.