IBIT vs. BKCH
IBIT (iShares Bitcoin Trust ETF) and BKCH (Global X Blockchain ETF) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while BKCH is a Technology Equities fund actively managed by Global X. IBIT is passively managed, while BKCH is actively managed. Over the past year, IBIT returned -39.67% vs 85.38% for BKCH. A 0.69 correlation means they provide meaningful diversification when combined. IBIT charges 0.25%/yr vs 0.50%/yr for BKCH.
Performance
IBIT vs. BKCH - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -27.41% return, which is significantly lower than BKCH's 30.73% return.
IBIT
- 1D
- -0.03%
- 1M
- -21.94%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BKCH
- 1D
- 1.33%
- 1M
- -7.22%
- YTD
- 30.73%
- 6M
- 13.22%
- 1Y
- 85.38%
- 3Y*
- 56.15%
- 5Y*
- —
- 10Y*
- —
IBIT vs. BKCH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
BKCH Global X Blockchain ETF | 30.73% | 27.14% | 23.48% |
Correlation
The correlation between IBIT and BKCH is 0.68, 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 | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.69 |
The correlation between IBIT and BKCH has been stable across timeframes, ranging from 0.68 to 0.69 - a consistent structural relationship.
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Return for Risk
IBIT vs. BKCH — Risk / Return Rank
IBIT
BKCH
IBIT vs. BKCH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) 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.
| IBIT | BKCH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.03 | ||
| Sortino ratioReturn per unit of downside risk | -3.05 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.21 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 1.39 | -2.17 |
| Martin ratioReturn relative to average drawdown | -1.37 | 2.54 | -3.91 |
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Drawdowns
IBIT vs. BKCH - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, smaller than the maximum BKCH drawdown of -91.80%. Use the drawdown chart below to compare losses from any high point for IBIT and BKCH.
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Drawdown Indicators
| IBIT | BKCH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -91.80% | +39.69% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -56.28% | +4.17% |
Max Drawdown (3Y)Largest decline over 3 years | — | -57.99% | — |
Current DrawdownCurrent decline from peak | -49.45% | -37.33% | -12.12% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -61.98% | +45.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 30.68% | -1.04% |
Volatility
IBIT vs. BKCH - Volatility Comparison
The current volatility for iShares Bitcoin Trust ETF (IBIT) is 12.07%, while Global X Blockchain ETF (BKCH) has a volatility of 20.27%. This indicates that IBIT 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.
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Volatility by Period
| IBIT | BKCH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 20.27% | -8.20% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 52.94% | -18.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 70.68% | -26.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 75.55% | -25.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 75.55% | -25.29% |
IBIT vs. BKCH - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is lower than BKCH's 0.50% expense ratio.
Dividends
IBIT vs. BKCH - Dividend Comparison
IBIT 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% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBIT and BKCH have a correlation of 0.68, 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 IBIT (12.07%). In terms of maximum drawdown, IBIT dropped -52.11% vs BKCH's -91.80%.
On 1-year performance, BKCH leads with 85.38% vs -39.67% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 12.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BKCH has performed better with a 85.38% return vs -39.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.50% for BKCH.
BKCH has the higher dividend yield at 1.53%, compared with 0.00% for IBIT.
IBIT is categorized as Cryptocurrency, while BKCH is Technology Equities. They also come from different issuers: iShares and Global X. Their fees differ too: 0.25% for IBIT and 0.50% for BKCH.
BKCH currently has the higher Sharpe Ratio (1.11 vs -0.92), 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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