BKCH vs SPY
Global X Blockchain ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | BKCH | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.09% | |
| AUM | $219M | $789.1B | |
| Dividend Yield | 1.62% | 1.01% | |
| Holdings | 37 | 505 | |
| YTD Return | -10.26% | +13.39% | |
| 1Y Return | +14.67% | +22.52% | |
| 3Y Return (annualized) | +30.25% | +21.36% | |
| 5Y Return (annualized) | -8.89% | +13.19% | |
| Volatility (annualized) | 80.7% | 15.3% | |
| Max Drawdown | -91.8% | -56.5% | |
| Fund Family | Global X by mirae Asset | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 7, 2021 | Jan 22, 1993 |
BKCH vs SPY Performance
Global X Blockchain ETF (BKCH) is a ETF from Global X by mirae Asset and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BKCH returned +14.67% while SPY returned +22.52%. Year to date, BKCH is down 10.26% versus a gain of 13.39% for SPY.
Over three years, BKCH compounded at +30.25% per year against +21.36% for SPY; over five years the annualized figures are -8.89% and +13.19% respectively. Across the full 5-year window we track, SPY has the edge at +8.84% annualized vs -4.12%. 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 15.3% for SPY. 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 -56.5% for SPY. 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BKCH charges 0.50% per year while SPY charges 0.09%. On a $10,000 position that is $50 vs $9 annually, a gap of $41 per year that compounds over a long holding period. On income, BKCH currently yields 1.62% against 1.01% for SPY.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, BKCH or SPY?
BKCH has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, BKCH or SPY?
Over the past year BKCH returned +14.67% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), BKCH annualized -4.12% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, BKCH or SPY?
BKCH has been the more volatile fund at 80.7% annualized versus 15.3% for SPY. Worst drawdown: BKCH -91.8% vs SPY -56.5%.
Should I hold both BKCH and SPY?
BKCH and SPY have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BKCH and SPY?
BKCH and SPY share 2 common holdings with a 0.2% weight overlap. Combined, they hold 527 unique securities.
Which pays a higher dividend, BKCH or SPY?
BKCH yields 1.62% while SPY yields 1.01%, so BKCH currently pays the higher dividend yield.
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