- Issuer
- Expat
- Inception Date
- Aug 19, 2016
- Region
- Europe (Bulgaria)
- Category
- Europe Equities, Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- SOFIX Index
- Domicile
- Bulgaria
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
BGX.L Performance Chart
Expat Bulgaria SOFIX UCITS ETF (BGX.L) is up 6.1% since the beginning of the year. BGX.L is currently trading at €1 per share. Investors who bought €1,000 worth of BGX.L shares 5 years ago would now be looking at an investment worth €1,789.
Loading charts...
Returns By Period
Expat Bulgaria SOFIX UCITS ETF (BGX.L) has returned 6.06% so far this year and 17.12% over the past 12 months.
Expat Bulgaria SOFIX UCITS ETF
- 1D
- -0.12%
- 1M
- -0.28%
- 6M
- -11.22%
- YTD
- 6.06%
- 1Y
- 17.12%
- 3Y*
- 18.92%
- 5Y*
- 12.34%
- 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.L Monthly Returns History
Based on dividend-adjusted daily data since Oct 1, 2018, BGX.L's average daily return is +0.02%, while the average monthly return is +0.53%. At this rate, an investment would double in approximately 10.9 years.
Historically, 47% of months were positive and 53% were negative. The best month was Jan 2026 with a return of +19.4%, while the worst month was May 2020 at -18.8%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 7 months.
On a daily basis, BGX.L closed higher 43% of trading days. The best single day was Jan 16, 2020 with a return of +6.3%, while the worst single day was May 13, 2020 at -19.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 19.41% | -6.03% | -7.52% | 0.21% | 1.67% | 0.96% | -0.65% | 6.06% | |||||
| 2025 | -1.33% | 0.95% | 0.29% | -2.98% | 14.08% | 1.91% | 1.49% | 4.31% | -0.96% | -2.00% | 2.24% | 6.91% | 26.55% |
| 2024 | 5.82% | 0.48% | 3.14% | -0.75% | 4.86% | -1.52% | 2.36% | -1.09% | -1.03% | -1.02% | -1.49% | 4.40% | 14.63% |
| 2023 | 1.04% | 2.64% | -3.13% | -1.42% | 8.76% | 0.01% | 1.88% | 10.81% | -0.16% | -1.11% | -1.68% | 0.20% | 18.28% |
| 2022 | -3.39% | -3.98% | 5.44% | -2.06% | -0.04% | -1.87% | -1.82% | 1.96% | -5.41% | -0.89% | 1.27% | 1.04% | -9.77% |
| 2021 | 10.65% | -0.47% | 0.00% | 3.66% | 1.16% | 4.52% | 2.55% | -0.91% | 1.70% | -1.43% | 6.85% | 1.55% | 33.45% |
Benchmark Metrics
Expat Bulgaria SOFIX UCITS ETF has an annualized alpha of 6.79%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since October 01, 2018.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (20.00%) than losses (8.34%) - typical of diversified or defensive assets.
- Beta of 0.01 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
- 6.79%
- Beta
- 0.01
- R²
- 0.00
- Upside Capture
- 20.00%
- Downside Capture
- 8.34%
Return for Risk
Risk / Return Rank
BGX.L ranks 40 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Expat Bulgaria SOFIX UCITS ETF (BGX.L) 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.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.33 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 3.01 | -1.91 |
| Martin ratioReturn relative to average drawdown | 2.09 | 11.10 | -9.01 |
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.
Loading charts...
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 36.41%, occurring on Oct 5, 2020. Recovery took 822 trading sessions.
The current Expat Bulgaria SOFIX UCITS ETF drawdown is 13.26%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-36.41%Oct 2020 | 2y 4d | 3y 3mo | 5y 3moOct 2018 - Jan 2024 | — |
-16.13%Apr 2026 | 2mo 8d | — | 5mo 18dJan 2026 - now | — |
-8.28%Apr 2025 | 10mo 20d | 1mo 5d | 11mo 25dMay 2024 - May 2025 | 2025 selloff2025 |
-4.27%Oct 2025 | 1mo 22d | 1mo 5d | 2mo 27dSep 2025 - Dec 2025 | — |
-2.91%Apr 2024 | 20d | 29d | 1mo 19dMar 2024 - May 2024 | — |
Drawdown Indicators
| BGX.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.41% | -51.17% | +14.76% |
Max Drawdown (1Y)Largest decline over 1 year | -16.13% | -7.57% | -8.56% |
Max Drawdown (3Y)Largest decline over 3 years | -16.13% | -23.99% | +7.86% |
Max Drawdown (5Y)Largest decline over 5 years | -17.72% | -23.99% | +6.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -13.26% | -0.52% | -12.74% |
Average DrawdownAverage peak-to-trough decline | -12.33% | -8.90% | -3.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.45% | 2.04% | +6.41% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with BGX.L
Add Expat Bulgaria SOFIX UCITS ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with BGX.L