- Issuer
- Expat
- Inception Date
- Aug 19, 2016
- Region
- Europe (Bulgaria)
- Category
- Europe Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- SOFIX Index
- Domicile
- Bulgaria
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
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Performance
BGX.DE Performance Chart
Expat Bulgaria SOFIX UCITS ETF (BGX.DE) is up 6.9% since the beginning of the year. BGX.DE is currently trading at €1 per share. Investors who bought €1,000 worth of BGX.DE shares 5 years ago would now be looking at an investment worth €1,816.
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Returns By Period
Expat Bulgaria SOFIX UCITS ETF (BGX.DE) has returned 6.93% so far this year and 18.70% over the past 12 months.
Expat Bulgaria SOFIX UCITS ETF
- 1D
- 2.07%
- 1M
- 2.97%
- 6M
- -10.23%
- YTD
- 6.93%
- 1Y
- 18.70%
- 3Y*
- 19.88%
- 5Y*
- 12.68%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.09%
- 1M
- 1.27%
- 6M
- 10.98%
- YTD
- 13.27%
- 1Y
- 22.64%
- 3Y*
- 18.04%
- 5Y*
- 12.49%
- 10Y*
- 12.92%
BGX.DE Monthly Returns History
Based on dividend-adjusted daily data since Jan 10, 2018, BGX.DE's average daily return is +0.02%, while the average monthly return is +0.38%. At this rate, an investment would double in approximately 15.2 years.
Historically, 45% of months were positive and 55% were negative. The best month was Jan 2026 with a return of +18.3%, while the worst month was Mar 2020 at -20.6%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 9 months.
On a daily basis, BGX.DE closed higher 47% of trading days. The best single day was Dec 29, 2021 with a return of +6.4%, while the worst single day was Mar 10, 2020 at -7.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 18.31% | -6.27% | -7.65% | -0.72% | 2.72% | 0.97% | 1.40% | 6.93% | |||||
| 2025 | -0.79% | 1.71% | -0.74% | -1.20% | 12.28% | 1.47% | 1.96% | 5.24% | -1.86% | -1.42% | 2.25% | 7.57% | 28.73% |
| 2024 | 6.54% | 0.85% | 2.78% | -1.30% | 5.56% | -1.24% | 1.12% | -0.68% | -1.25% | -0.80% | -1.28% | 3.41% | 14.12% |
| 2023 | 1.90% | 1.23% | -1.74% | -1.39% | 8.82% | -0.10% | 1.25% | 10.50% | 0.78% | -0.76% | -0.92% | -0.99% | 19.29% |
| 2022 | -3.49% | -3.84% | 5.66% | -1.59% | -0.54% | -1.33% | -3.10% | 1.89% | -4.98% | -0.83% | 1.88% | -0.45% | -10.64% |
| 2021 | 9.80% | -0.33% | 0.30% | 3.87% | 0.47% | 5.05% | 2.59% | -1.64% | 1.96% | -0.72% | 6.85% | 0.92% | 32.54% |
Benchmark Metrics
Expat Bulgaria SOFIX UCITS ETF has an annualized alpha of 3.27%, beta of 0.03, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 10, 2018.
- This ETF participated in 31.19% of S&P 500 Index downside but only 20.19% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.03 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.27%
- Beta
- 0.03
- R²
- 0.00
- Upside Capture
- 20.19%
- Downside Capture
- 31.19%
Return for Risk
Risk / Return Rank
BGX.DE ranks 35 for risk / return — below 35% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Expat Bulgaria SOFIX UCITS ETF (BGX.DE) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BGX.DE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.33 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 3.01 | -1.90 |
| Martin ratioReturn relative to average drawdown | 2.08 | 11.10 | -9.02 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Expat Bulgaria SOFIX UCITS ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Expat Bulgaria SOFIX UCITS ETF was 46.59%, occurring on Mar 20, 2020. Recovery took 1311 trading sessions.
The current Expat Bulgaria SOFIX UCITS ETF drawdown is 12.90%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-46.59%Mar 2020 | 2y 1mo | 5y 1mo | 7y 3moFeb 2018 - May 2025 | COVID crash2020 |
-17.99%Apr 2026 | 3mo 8d | — | 5mo 26dJan 2026 - now | — |
-4.58%Nov 2025 | 2mo 2d | 1mo 5d | 3mo 7dSep 2025 - Dec 2025 | — |
-2.17%Jul 2025 | 15d | 20d | 1mo 5dJul 2025 - Aug 2025 | — |
-2.16%May 2025 | 1d | 5d | 6dMay 2025 - Jun 2025 | 2025 selloff2025 |
Drawdown Indicators
| BGX.DE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.59% | -51.17% | +4.58% |
Max Drawdown (1Y)Largest decline over 1 year | -17.99% | -7.57% | -10.42% |
Max Drawdown (3Y)Largest decline over 3 years | -17.99% | -23.99% | +6.00% |
Max Drawdown (5Y)Largest decline over 5 years | -17.99% | -23.99% | +6.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -12.90% | -0.52% | -12.38% |
Average DrawdownAverage peak-to-trough decline | -20.20% | -8.90% | -11.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.60% | 2.04% | +7.56% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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