Global X Blockchain ETF (BKCH) — Stock Correlations & Overview
Over the past year, BKCH has moved most closely with STCE, DAPP, BITQ. Explore the stocks most correlated and inversely correlated with BKCH below, along with its price, financials, and company profile.
Stocks correlated with BKCH
Correlation of daily returns. Higher positive values move with BKCH; negative values move opposite it. Informational only, not investment advice.
Most correlated with BKCH
| Symbol | Company | Correlation |
|---|---|---|
| STCE | Schwab Crypto Thematic Natural Language Processing ETF | 0.98 |
| DAPP | VanEck Digital Transformation ETF | 0.98 |
| BITQ | Bitwise Crypto Industry Innovators ETF | 0.98 |
| MNRS | Grayscale Bitcoin Miners ETF | 0.98 |
| IBLC | iShares Blockchain and Tech ETF | 0.98 |
Most inversely correlated with BKCH
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.74 |
| BTCZ | T-Rex 2X Inverse Bitcoin Daily Target ETF | -0.67 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.67 |
| SBIT | ProShares UltraShort Bitcoin ETF | -0.67 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.67 |
Frequently asked questions about BKCH correlations
- Which stocks are most correlated with BKCH?
- Based on one year of daily returns, the stocks most correlated with Global X Blockchain ETF (BKCH) are STCE (0.98), DAPP (0.98) and BITQ (0.98). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with BKCH?
- Over the past year, the stocks most inversely correlated with Global X Blockchain ETF (BKCH) are SARK (-0.74), BTCZ (-0.67) and BTAL (-0.67). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these BKCH correlations calculated?
- We compute the correlation of daily returns between BKCH and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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