VAVX vs. BCDF

Last updated Jun 4, 2026

VAVX (VanEck Avalanche ETF) and BCDF (Horizon Kinetics Blockchain Development ETF) are both Cryptocurrency funds. VAVX is passively managed, while BCDF is actively managed. At a 0.32 correlation, their price movements are largely independent. VAVX charges 0.20%/yr vs 0.85%/yr for BCDF.

Performance

VAVX vs. BCDF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Avalanche ETF (VAVX) and Horizon Kinetics Blockchain Development ETF (BCDF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VAVX

• 1D: -3.50%
• 1M: -12.79%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BCDF

• 1D: -0.16%
• 1M: -4.70%
• YTD: 3.23%
• 6M: 4.02%
• 1Y: 6.26%
• 3Y*: 14.97%
• 5Y*: —
• 10Y*: —

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

VAVX vs. BCDF - Yearly Performance Comparison

	2026 (YTD)
VAVX VanEck Avalanche ETF	-30.30%
BCDF Horizon Kinetics Blockchain Development ETF	-2.36%

Correlation

The correlation between VAVX and BCDF is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 27, 2026	0.32

Return for Risk

VAVX vs. BCDF — Risk / Return Rank

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

BCDF

BCDF Risk / Return Rank: 16
BCDF Sharpe Ratio Rank: 15
BCDF Sortino Ratio Rank: 15
BCDF Omega Ratio Rank: 15
BCDF Calmar Ratio Rank: 20
BCDF Martin Ratio Rank: 18

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.

VAVX vs. BCDF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Avalanche ETF (VAVX) 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.

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

Sharpe Ratios by Period

	VAVX	BCDF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.98	0.39	-1.37

Drawdowns

VAVX vs. BCDF - Drawdown Comparison

The maximum VAVX drawdown since its inception was -32.73%, which is greater than BCDF's maximum drawdown of -27.70%. Use the drawdown chart below to compare losses from any high point for VAVX and BCDF.

Drawdown Indicators

	VAVX	BCDF	Difference
Max Drawdown Largest peak-to-trough decline	-32.73%	-27.70%	-5.03%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.63%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.46%	—
Current Drawdown Current decline from peak	-32.73%	-7.63%	-25.10%
Average Drawdown Average peak-to-trough decline	-21.87%	-9.83%	-12.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.39%	—

Volatility

Volatility by Period

	VAVX	BCDF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.03%	—
Volatility (1Y) Calculated over the trailing 1-year period	65.98%	14.76%	+51.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.98%	16.94%	+49.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.98%	16.94%	+49.04%

VAVX vs. BCDF - Expense Ratio Comparison

VAVX has a 0.20% expense ratio, which is lower than BCDF's 0.85% expense ratio.

Dividends

VAVX vs. BCDF - Dividend Comparison

VAVX has not paid dividends to shareholders, while BCDF's dividend yield for the trailing twelve months is around 2.45%.

Position	TTM	2025	2024	2023	2022
BCDF Horizon Kinetics Blockchain Development ETF	2.45%	2.53%	1.63%	0.69%	0.38%
VAVX VanEck Avalanche ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VAVX and BCDF in my portfolio?

VAVX and BCDF have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VAVX or BCDF?

On fees, VAVX is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VAVX or BCDF?

VAVX is cheaper with a 0.20% expense ratio, compared with 0.85% for BCDF.

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

BCDF has the higher dividend yield at 2.45%, compared with 0.00% for VAVX.

What is the main difference between VAVX and BCDF?

They also come from different issuers: VanEck and Horizon. Their fees differ too: 0.20% for VAVX and 0.85% for BCDF.