BKCH vs QQQ
Global X Blockchain ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | BKCH | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.18% | |
| AUM | $219M | $455.8B | |
| Dividend Yield | 1.62% | 0.41% | |
| Holdings | 37 | 108 | |
| YTD Return | -8.17% | +19.68% | |
| 1Y Return | +14.01% | +26.75% | |
| 3Y Return (annualized) | +31.18% | +26.25% | |
| 5Y Return (annualized) | -7.58% | +15.39% | |
| Volatility (annualized) | 80.7% | 30.6% | |
| Max Drawdown | -91.8% | -83.0% | |
| Fund Family | Global X by mirae Asset | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Dec 7, 2021 | Mar 10, 1999 |
BKCH vs QQQ Performance
Global X Blockchain ETF (BKCH) is a ETF from Global X by mirae Asset and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BKCH returned +14.01% while QQQ returned +26.75%. Year to date, BKCH is down 8.17% versus a gain of 19.68% for QQQ.
Over three years, BKCH compounded at +31.18% per year against +26.25% for QQQ; over five years the annualized figures are -7.58% and +15.39% respectively. Across the full 5-year window we track, QQQ has the edge at +13.15% annualized vs -3.68%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BKCH has been the more volatile fund, with annualized monthly volatility of 80.7% compared with 30.6% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -91.8% for BKCH and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BKCH charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, BKCH currently yields 1.62% against 0.41% for QQQ.
Holdings Overlap
BKCH and QQQ share 0 holdings out of 129 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BKCH or QQQ?
BKCH has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, BKCH or QQQ?
Over the past year BKCH returned +14.01% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), BKCH annualized -3.68% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, BKCH or QQQ?
BKCH has been the more volatile fund at 80.7% annualized versus 30.6% for QQQ. Worst drawdown: BKCH -91.8% vs QQQ -83.0%.
Should I hold both BKCH and QQQ?
BKCH and QQQ have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BKCH and QQQ?
BKCH and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 129 unique securities.
Which pays a higher dividend, BKCH or QQQ?
BKCH yields 1.62% while QQQ yields 0.41%, so BKCH currently pays the higher dividend yield.
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