Global X Blockchain ETF Volatility

BKCH ETF

USD 87.20 -3.19 -3.53%

Below is Global X's volatility profile -- how wide the price swings have been and how that compares with the market. The ETF has a long-term beta of 4.42, meaning it tends to be significantly more volatile than the overall market. The ETF shows above-average price volatility over the last 3 months.

Sharpe Ratio = 0.1556

Expected Return ↓

Minimal

Low

Moderate

Elevated

High

Leading

Strong

Moderate

Modest

Flat

Below

Ideal

BKCH

Worst

← Lower RiskHigher Risk →

Global X Blockchain reported a Market Risk Adjusted Performance of 0.3%, a Risk of 4.19, and a Risk Adjusted Performance of 0.2%. Monthly performance data shows the ETF operating at about 12% of its measured historical range.

Key indicators related to Global X's volatility include:

90 Days Market Risk

Very Low

Chance Of Distress

Low

90 Days Economic Sensitivity

Hyperactively responds to market trends

Key risk metrics for Global X (3 Months):

Beta

3.35

Alpha

0.85

Risk

4.19

Sharpe Ratio

0.16

Expected Return

0.65

Moving together with Global X ETF

0.99	BLOK	Amplify Transformational	Pair Corr
0.81	BLCN	Siren Nasdaq NexGen	Pair Corr
0.74	BITQ	Bitwise Crypto Industry	Pair Corr
0.75	DAPP	VanEck Digital	Pair Corr
0.73	CRPT	First Trust SkyBridge	Pair Corr
0.81	FDIG	Fidelity Crypto Industry	Pair Corr
0.99	HECO	SPDR Galaxy Hedged	Pair Corr
0.79	BITS	Global X Blockchain	Pair Corr
0.99	STCE	Schwab Strategic Trust	Pair Corr
0.76	IBLC	iShares Blockchain and	Pair Corr
0.81	VTI	Vanguard Total Stock	Pair Corr
0.81	SPY	SPDR SAMPP 500	Pair Corr
0.81	IVV	iShares Core SAMPP	Pair Corr
0.83	VUG	Vanguard Growth Index	Pair Corr
0.69	VO	Vanguard Mid Cap	Pair Corr
0.74	VB	Vanguard Small Cap	Pair Corr
0.7	VWO	Vanguard FTSE Emerging	Pair Corr
0.77	AIA	iShares Asia 50	Pair Corr
0.84	EGLE	Global X SAMPP	Pair Corr
0.83	VOX	Vanguard Communication	Pair Corr
0.67	PAPR	Innovator SAMPP 500	Pair Corr
0.91	OMFL	Oppenheimer Russell 1000	Pair Corr
0.66	FTBI	First Trust Balanced	Pair Corr

Sensitivity To Market

Global X Blockchain exhibits a beta of 3.35, representing its market-relative sensitivity. This coefficient separates systematic risk from company-specific volatility. Total return dispersion is approximately 4.19%. Global X Blockchain return patterns over the selected horizon reflect a above average level of variability, based on dispersion and downside-focused statistics. Standard deviation is near 4.58%. ETF variability increases when the underlying basket is less liquid, making spreads wider and NAV alignment slower. Premium/discount to NAV is often expressed as (Price − NAV) / NAV × 100 when NAV is available.

Current 90-day Global X correlation with market (Dow Jones Industrial)

0.85

3.35

Competition

3 Months Beta |Global X Blockchain Demand Trend

Current 90-day Global X correlation with market (Dow Jones Industrial)

Downside Risk

For Global X, the standard deviation figure expresses the observed spread of daily returns over the selected period. The magnitude of Global X standard deviation determines where it falls on the volatility spectrum relative to peers. Pairing standard deviation with beta separates Global X total risk from its market-driven component. Combining Global X standard deviation with skewness and kurtosis gives a more complete picture of return distribution shape.

Standard Deviation

4.19

Distinguishing between standard deviation and downside deviation sharpens the risk picture for Global X. Standard deviation reflects total return dispersion for Global X, while downside deviation captures only the adverse portion of Global X's returns. Standard deviation and downside deviation for Global X measure different things - total dispersion vs. loss-only dispersion. Semi-deviation and downside deviation focus on the loss risk embedded in Global X's returns. Global X Blockchain reported a Downside Deviation of 3.91, a Downside Variance of 15.31, and a Maximum Drawdown of 23.24.

ETF Volatility Analysis

For Global X, understanding volatility is essential to assessing portfolio risk contribution. It indicates how dramatically Global X's price swings over a specific time horizon. For Global X, volatility is both a risk factor and a driver of return dispersion. Sharp price movements in Global X's are triggered by earnings surprises, macroeconomic data, or sector trends.

Transformation

This analysis covers sixty-one data points across the selected time horizon. The Average Price transformation calculates the mean of Global X Blockchain's open, high, low, and close for each trading period. By incorporating all four price components equally, it provides a balanced representation of each period's trading activity. Compared to using the closing price alone, the average price reduces the influence of end-of-day positioning and can serve as a smoother input for other technical indicators.

Projected Return Density Against Market

Given a 90-day horizon, Global X has a beta of 3.3503 suggesting when the benchmark rises, BKCH tends to outperform it on average. However, when benchmark returns turn negative, Global X tends to underperform.

Holders of Global X face systematic risk from broad ETF market trends and unsystematic risk from company or sector-specific developments. Diversification reduces specific exposure, but macro-driven volatility persists. Beta remains a common sensitivity metric. Global X Blockchain reported a Downside Deviation of 3.91, a Mean Deviation of 3.58, and a Semi Deviation of 3.18.

Global X Blockchain has an alpha of 0.8504, implying that it can generate a 0.8504 percent excess return over Dow Jones Industrial after adjusting for the inherent market risk (beta).

Predicted Return Distribution

Density

Global X's volatility is typically evaluated with standard deviation and beta. Standard deviation reflects how far Global X's returns usually move from the mean over the selected horizon.

What Drives Global X's Price Volatility?

Holdings and Allocation

Global X's volatility can rise when allocation drift or holdings turnover shifts across the Equity Digital Assets category.

Political and Economic Environment

Changes in fiscal policy, rates, and growth expectations affect market-wide risk premiums and spill into Global X's trading.

Global X's Fund-Specific Factors

Fund flow dynamics, expense-ratio competitiveness, and index reconstitution events can create abrupt price dispersion in Global X.

ETF Risk Measures

Given a 90-day horizon, the coefficient of variation of Global X is 642.54. The daily returns are distributed with a variance of 17.56 and standard deviation of 4.19. The mean deviation of Global X Blockchain is currently at 3.38. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.96

α	Alpha over Dow Jones	0.85	Details
β	Beta against Dow Jones	3.35	Details
σ	Overall volatility	4.19	Details
Ir	Information ratio	0.19	Details

ETF Return Volatility

Global X return volatility captures the typical daily swing in ETF returns relative to the mean over the selected period. The ETF has volatility of 4.1901% on return distribution over a 90-day investment horizon. Meanwhile, Dow Jones Industrial reported 0.9279% volatility on return distribution over a 90-day investment horizon.

Performance

Timeline

Related Correlations Analysis

	CLOU	METV	FIXT	CEFS	MRSK	QDVO	EWN	DNOV	WCLD	GJUN
CLOU		0.42	-0.3	0.31	0.23	0.42	0.0	0.33	0.64	0.31	CLOU
METV	0.42		0.22	0.92	0.77	0.98	0.77	0.97	0.15	0.95	METV
FIXT	-0.3	0.22		0.21	0.65	0.21	0.62	0.34	-0.02	0.23	FIXT
CEFS	0.31	0.92	0.21		0.64	0.94	0.79	0.95	-0.1	0.97	CEFS
MRSK	0.23	0.77	0.65	0.64		0.76	0.83	0.81	0.24	0.69	MRSK
QDVO	0.42	0.98	0.21	0.94	0.76		0.78	0.99	0.08	0.97	QDVO
EWN	0.0	0.77	0.62	0.79	0.83	0.78		0.86	-0.2	0.8	EWN
DNOV	0.33	0.97	0.34	0.95	0.81	0.99	0.86		0.03	0.98	DNOV
WCLD	0.64	0.15	-0.02	-0.1	0.24	0.08	-0.2	0.03		-0.05	WCLD
GJUN	0.31	0.95	0.23	0.97	0.69	0.97	0.8	0.98	-0.05		GJUN
	CLOU	METV	FIXT	CEFS	MRSK	QDVO	EWN	DNOV	WCLD	GJUN

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DNOV	+ 0.99	QDVO
QDVO	+ 0.98	METV
GJUN	+ 0.98	DNOV
DNOV	+ 0.97	METV
GJUN	+ 0.97	CEFS
GJUN	+ 0.97	QDVO

High negative correlations

FIXT	- 0.3	CLOU
WCLD	- 0.2	EWN
WCLD	- 0.1	CEFS
GJUN	- 0.05	WCLD
WCLD	- 0.02	FIXT
EWN	- 0.0	CLOU

Global X Constituents Risk-Adjusted Indicators

Global X ETF can look attractive on recent price action while risk efficiency lags the peer group. Reviewing Global X's risk-adjusted indicators gives a clearer view of whether returns are being earned efficiently. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CLOU	1.60	0.28	0.11	0.46	2.30	-1.58	4.38	-4.10	9.38
METV	1.32	0.17	0.10	0.14	1.32	-1.44	2.69	-2.40	7.53
FIXT	0.19	-0.01	-0.08	-0.07	0.23	-0.21	0.38	-0.42	1.09
CEFS	0.70	0.14	0.16	0.21	0.64	-0.77	1.47	-0.94	3.42
MRSK	0.64	0.05	0.06	0.08	0.70	-0.71	1.36	-1.38	3.54
QDVO	0.74	0.13	0.15	0.19	0.73	-0.83	1.33	-1.37	3.70
EWN	1.25	0.06	0.04	0.06	1.43	-1.36	2.43	-2.43	6.58
DNOV	0.35	0.05	0.10	0.13	0.30	-0.40	0.58	-0.75	1.92
WCLD	2.03	0.13	0.04	0.27	2.98	-1.87	3.96	-5.01	12.23
GJUN	0.26	0.04	0.08	0.12	0.25	-0.29	0.64	-0.60	1.62

Risk Metrics, Assumptions & Methodology

Volatility regime analysis for Global X identifies whether the fund is currently in a high, low, or transitioning dispersion state. Regime transitions often precede directional moves, making volatility shifts a useful timing signal.

Global X Blockchain figures are aggregated from fund disclosures and market reference feeds and normalized across reporting formats. Volatility and downside metrics are estimated from historical return dispersion.

Editorial review and methodology oversight provided by: Gabriel Shpitalnik, Member of Macroaxis Editorial Board

Volatility Profile Summary

Recent data suggests that Global X Blockchain is more volatile than Dow Jones Industrial by approximately 4.51x over the selected horizon. This differential reflects the relative dispersion of returns and frames how the asset responds to broader market conditions. Observed price behavior indicates modest directional movement within the current volatility regime. Across the current 90-day horizon, that places the security below 37% of the broader equity and portfolio universe on a pure volatility basis. This positioning reflects relative dispersion compared to peers rather than extreme instability.

Global X Blockchain exhibits characteristics that tend to dampen sensitivity to smaller market fluctuations within the current volatility regime. This directional read frames the latest price swing through a simple momentum and follow-through lens. It gives extra weight to the size of the move, the quote level, and whether the instrument trades in a hype-prone venue. an unexpected downward movement. The market is reacting to new fundamentals. Return distributions derived from historical modeling outline a range of potential outcomes over the selected 90-day horizon. View Global X probability analysis.

Weak diversification

Across the chosen horizon, Global X and Dow Jones show a correlation of 0.58 and fall into the Weak diversification bucket. This chart measures the degree of risk overlap between Global X and Dow Jones.

View Details

Additional Risk Indicators

Risk analysis around Global X Blockchain gains depth when secondary indicators confirm, refine, or challenge the basic volatility picture. Cross-security comparison within similar growth and valuation profiles provides additional context for interpreting relative risk positioning.

	Risk Adjusted Performance	0.1961
	Market Risk Adjusted Performance	0.2737
	Mean Deviation	3.58
	Semi Deviation	3.18
	Downside Deviation	3.91
	Coefficient Of Variation	512.18
	Standard Deviation	4.58

Global X Suggested Diversification Pairs

A paired position built around Global X Blockchain reduces directional market exposure while expressing a relative-value view. The key question is whether the second leg adds real hedge value instead of just creating a more complex version of the same risk.

	Salesforce vs. Global X
	Bank of America vs. Global X
	Alliance Entertainment vs. Global X
	GM vs. Global X
	Visa vs. Global X
	JinkoSolar Holding vs. Global X
	Exxon vs. Global X
	Micron Technology vs. Global X

While pairing positions reduces portfolio risk, some forms of risk persist no matter which instruments are combined. No matter how well a pair is constructed around Global X, market-wide risk remains. What pair trading can address is Global X's unsystematic risk - the portion driven by company or sector-specific factors rather than broad market forces.

More Resources for Global X ETF Analysis

Comparing Global X's market price with NAV reveals how trading dynamics relate to underlying asset values. ETF valuation considers factors like expense ratio, tracking accuracy, and the composition of underlying holdings.

It is useful to distinguish Global X's trading price from its NAV, since each reflects a different perspective. Exchange pricing for Global X reflects real-time supply and demand across active participants.