TLT vs. BKCH
TLT (iShares 20+ Year Treasury Bond ETF) and BKCH (Global X Blockchain ETF) are both exchange-traded funds - TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index, while BKCH is a Technology Equities fund actively managed by Global X. TLT is passively managed, while BKCH is actively managed. Over the past 3 years, TLT returned -1.38%/yr vs 56.15%/yr for BKCH. At a 0.04 correlation, their price movements are largely independent. TLT charges 0.15%/yr vs 0.50%/yr for BKCH.
Performance
TLT vs. BKCH - Performance Comparison
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Returns By Period
In the year-to-date period, TLT achieves a 0.27% return, which is significantly lower than BKCH's 30.73% return.
TLT
- 1D
- -0.24%
- 1M
- 1.40%
- YTD
- 0.27%
- 6M
- 0.45%
- 1Y
- 3.88%
- 3Y*
- -1.38%
- 5Y*
- -6.53%
- 10Y*
- -1.75%
BKCH
- 1D
- 1.33%
- 1M
- -7.22%
- YTD
- 30.73%
- 6M
- 13.22%
- 1Y
- 85.38%
- 3Y*
- 56.15%
- 5Y*
- —
- 10Y*
- —
TLT vs. BKCH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TLT iShares 20+ Year Treasury Bond ETF | 0.27% | 4.25% | -8.05% | 2.77% | -31.23% | 2.80% |
BKCH Global X Blockchain ETF | 30.73% | 27.14% | 18.81% | 267.06% | -85.10% | -6.69% |
Correlation
The correlation between TLT and BKCH is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021 | 0.04 |
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Return for Risk
TLT vs. BKCH — Risk / Return Rank
TLT
BKCH
TLT vs. BKCH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 20+ Year Treasury Bond ETF (TLT) 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.
| TLT | BKCH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.21 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 1.39 | -1.01 |
| Martin ratioReturn relative to average drawdown | 0.92 | 2.54 | -1.62 |
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Drawdowns
TLT vs. BKCH - Drawdown Comparison
The maximum TLT drawdown since its inception was -48.35%, smaller than the maximum BKCH drawdown of -91.80%. Use the drawdown chart below to compare losses from any high point for TLT and BKCH.
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Drawdown Indicators
| TLT | BKCH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.35% | -91.80% | +43.45% |
Max Drawdown (1Y)Largest decline over 1 year | -7.58% | -56.28% | +48.70% |
Max Drawdown (3Y)Largest decline over 3 years | -19.18% | -57.99% | +38.81% |
Max Drawdown (5Y)Largest decline over 5 years | -43.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.35% | — | — |
Current DrawdownCurrent decline from peak | -40.12% | -37.33% | -2.79% |
Average DrawdownAverage peak-to-trough decline | -13.84% | -61.98% | +48.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 30.68% | -27.54% |
Volatility
TLT vs. BKCH - Volatility Comparison
The current volatility for iShares 20+ Year Treasury Bond ETF (TLT) is 2.83%, while Global X Blockchain ETF (BKCH) has a volatility of 20.27%. This indicates that TLT 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
| TLT | BKCH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 20.27% | -17.44% |
Volatility (6M)Calculated over the trailing 6-month period | 6.64% | 52.94% | -46.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.68% | 70.68% | -61.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.85% | 75.55% | -59.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.91% | 75.55% | -60.64% |
TLT vs. BKCH - Expense Ratio Comparison
TLT has a 0.15% expense ratio, which is lower than BKCH's 0.50% expense ratio.
Dividends
TLT vs. BKCH - Dividend Comparison
TLT's dividend yield for the trailing twelve months is around 4.56%, more than BKCH's 1.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKCH Global X Blockchain ETF | 1.53% | 2.00% | 7.61% | 2.33% | 1.29% | 4.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.56% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Frequently Asked Questions
TLT and BKCH have a correlation of 0.09, 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 TLT (2.83%). In terms of maximum drawdown, TLT dropped -48.35% vs BKCH's -91.80%.
On 3-year performance, BKCH leads with 56.15% vs -1.38% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, TLT has been the lower-risk option at 2.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BKCH has performed better with a 56.15% return vs -1.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLT is cheaper with a 0.15% expense ratio, compared with 0.50% for BKCH.
TLT has the higher dividend yield at 4.56%, compared with 1.53% for BKCH.
TLT is categorized as Government Bonds, while BKCH is Technology Equities. They also come from different issuers: iShares and Global X. Their fees differ too: 0.15% for TLT and 0.50% for BKCH.
BKCH currently has the higher Sharpe Ratio (1.11 vs 0.30), 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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