ESK vs. BCDF

Last updated Aug 1, 2026

ESK (REX-Osprey ETH + Staking ETF) and BCDF (Horizon Kinetics Blockchain Development ETF) are both Cryptocurrency funds. Both are actively managed. Their 0.45 correlation means their historical movements had little consistent relationship. ESK charges 0.75%/yr vs 0.85%/yr for BCDF.

Performance

ESK vs. BCDF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX-Osprey ETH + Staking ETF (ESK) and Horizon Kinetics Blockchain Development ETF (BCDF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ESK

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BCDF

• 1D: 0.13%
• 1M: 5.32%
• 6M: 1.82%
• YTD: 6.12%
• 1Y: 5.66%
• 3Y*: 14.55%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.43%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BCDF Horizon Kinetics Blockchain Development ETF	$16.32K	$19.89K	$48.05K

ESK vs. BCDF - Yearly Performance Comparison

	2026 (YTD)	2025
ESK REX-Osprey ETH + Staking ETF	-44.38%	-23.95%
BCDF Horizon Kinetics Blockchain Development ETF	6.12%	-0.65%

Correlation

The correlation between ESK and BCDF is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 25, 2025	0.45

Return for Risk

ESK vs. BCDF — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ESK

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BCDF

BCDF Risk / Return Rank: 18
BCDF Sharpe Ratio Rank: 19
BCDF Sortino Ratio Rank: 18
BCDF Omega Ratio Rank: 18
BCDF Calmar Ratio Rank: 18
BCDF Martin Ratio Rank: 20

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ESK vs. BCDF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX-Osprey ETH + Staking ETF (ESK) and Horizon Kinetics Blockchain Development ETF (BCDF). 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.

	ESK	BCDF	Difference
Sharpe ratio: Return per unit of total volatility	—	0.37	—
Sortino ratio: Return per unit of downside risk	—	0.60	—
Omega ratio: Gain probability vs. loss probability	—	1.07	—
Calmar ratio: Return relative to maximum drawdown	—	0.39	—
Martin ratio: Return relative to average drawdown	—	1.24	—

Drawdowns

Drawdown Indicators

	ESK	BCDF	Difference
Max Drawdown Largest peak-to-trough decline	—	-27.70%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-14.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.02%	—
Current Drawdown Current decline from peak	—	-5.05%	—
Average Drawdown Average peak-to-trough decline	—	-9.76%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.45%	—

Volatility

Volatility by Period

	ESK	BCDF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	15.08%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.87%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.87%	—

ESK vs. BCDF - Expense Ratio Comparison

ESK has a 0.75% expense ratio, which is lower than BCDF's 0.85% expense ratio.

Dividends

ESK vs. BCDF - Dividend Comparison

ESK's dividend yield for the trailing twelve months is around 1.06%, less than BCDF's 2.38% yield.

Position	TTM	2025	2024	2023	2022
BCDF Horizon Kinetics Blockchain Development ETF	2.38%	2.53%	1.63%	0.69%	0.38%
ESK REX-Osprey ETH + Staking ETF	1.06%	0.30%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ESK and BCDF in my portfolio?

ESK and BCDF have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESK or BCDF?

On fees, ESK is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESK or BCDF?

ESK is cheaper with a 0.75% expense ratio, compared with 0.85% for BCDF.

Which ETF pays a higher dividend yield, ESK or BCDF?

BCDF has the higher dividend yield at 2.38%, compared with 1.06% for ESK.

What is the main difference between ESK and BCDF?

They also come from different issuers: REX Shares and Horizon. Their fees differ too: 0.75% for ESK and 0.85% for BCDF.