NCLP.L vs. BCHS.L

Last updated Jun 5, 2026

NCLP.L (WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating) and BCHS.L (Invesco CoinShares Global Blockchain UCITS ETF Acc) are both exchange-traded funds - NCLP.L is a Energy Equities fund tracking the WisdomTree Uranium and Nuclear Energy UCITS Index, while BCHS.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past year, NCLP.L returned 78.50% vs 61.41% for BCHS.L. A 0.58 correlation means they provide meaningful diversification when combined. NCLP.L charges 0.45%/yr vs 0.65%/yr for BCHS.L.

Performance

NCLP.L vs. BCHS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L) and Invesco CoinShares Global Blockchain UCITS ETF Acc (BCHS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NCLP.L achieves a 17.09% return, which is significantly lower than BCHS.L's 26.66% return.

NCLP.L

• 1D: -0.28%
• 1M: -8.79%
• YTD: 17.09%
• 6M: 10.83%
• 1Y: 78.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BCHS.L

• 1D: -1.63%
• 1M: 10.46%
• YTD: 26.66%
• 6M: 16.86%
• 1Y: 61.41%
• 3Y*: 42.48%
• 5Y*: 12.62%
• 10Y*: —

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

NCLP.L vs. BCHS.L - Yearly Performance Comparison

	2026 (YTD)	2025
NCLP.L WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating	17.09%	94.52%
BCHS.L Invesco CoinShares Global Blockchain UCITS ETF Acc	26.66%	56.30%

Correlation

The correlation between NCLP.L and BCHS.L is 0.56, 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	0.56
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025	0.58

The correlation between NCLP.L and BCHS.L has been stable across timeframes, ranging from 0.56 to 0.58 - a consistent structural relationship.

Return for Risk

NCLP.L vs. BCHS.L — Risk / Return Rank

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

NCLP.L

NCLP.L Risk / Return Rank: 50
NCLP.L Sharpe Ratio Rank: 51
NCLP.L Sortino Ratio Rank: 47
NCLP.L Omega Ratio Rank: 44
NCLP.L Calmar Ratio Rank: 59
NCLP.L Martin Ratio Rank: 47

BCHS.L

BCHS.L Risk / Return Rank: 41
BCHS.L Sharpe Ratio Rank: 48
BCHS.L Sortino Ratio Rank: 45
BCHS.L Omega Ratio Rank: 41
BCHS.L Calmar Ratio Rank: 43
BCHS.L Martin Ratio Rank: 30

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.

NCLP.L vs. BCHS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L) and Invesco CoinShares Global Blockchain UCITS ETF Acc (BCHS.L). 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.

	NCLP.L	BCHS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.73	1.63	+0.10
Sortino ratio: Return per unit of downside risk	2.29	2.19	+0.10
Omega ratio: Gain probability vs. loss probability	1.28	1.26	+0.02
Calmar ratio: Return relative to maximum drawdown	2.90	2.07	+0.82
Martin ratio: Return relative to average drawdown	7.54	4.20	+3.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NCLP.L vs. BCHS.L - Sharpe Ratio Comparison

The current NCLP.L Sharpe Ratio is 1.73, which is comparable to the BCHS.L Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of NCLP.L and BCHS.L, 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

	NCLP.L	BCHS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	1.63	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.11	0.71	+1.40

Drawdowns

NCLP.L vs. BCHS.L - Drawdown Comparison

The maximum NCLP.L drawdown since its inception was -26.96%, smaller than the maximum BCHS.L drawdown of -55.89%. Use the drawdown chart below to compare losses from any high point for NCLP.L and BCHS.L.

Drawdown Indicators

	NCLP.L	BCHS.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.96%	-55.89%	+28.93%
Max Drawdown (1Y) Largest decline over 1 year	-26.96%	-29.49%	+2.53%
Max Drawdown (3Y) Largest decline over 3 years	—	-35.64%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-55.89%	—
Current Drawdown Current decline from peak	-15.07%	-3.94%	-11.13%
Average Drawdown Average peak-to-trough decline	-7.53%	-21.40%	+13.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.38%	14.57%	-4.19%

Volatility

NCLP.L vs. BCHS.L - Volatility Comparison

WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L) has a higher volatility of 12.79% compared to Invesco CoinShares Global Blockchain UCITS ETF Acc (BCHS.L) at 10.49%. This indicates that NCLP.L's price experiences larger fluctuations and is considered to be riskier than BCHS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NCLP.L	BCHS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.79%	10.49%	+2.30%
Volatility (6M) Calculated over the trailing 6-month period	31.79%	24.68%	+7.11%
Volatility (1Y) Calculated over the trailing 1-year period	45.11%	37.46%	+7.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.42%	35.61%	+9.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.42%	34.37%	+11.05%

NCLP.L vs. BCHS.L - Expense Ratio Comparison

NCLP.L has a 0.45% expense ratio, which is lower than BCHS.L's 0.65% expense ratio.

Dividends

NCLP.L vs. BCHS.L - Dividend Comparison

Neither NCLP.L nor BCHS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NCLP.L and BCHS.L in my portfolio?

NCLP.L and BCHS.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NCLP.L or BCHS.L?

On fees, NCLP.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NCLP.L or BCHS.L?

NCLP.L is cheaper with a 0.45% expense ratio, compared with 0.65% for BCHS.L.

What is the main difference between NCLP.L and BCHS.L?

NCLP.L is categorized as Energy Equities, while BCHS.L is Technology Equities. NCLP.L tracks WisdomTree Uranium and Nuclear Energy UCITS Index, while BCHS.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.45% for NCLP.L and 0.65% for BCHS.L.