BCHN.L vs. KROG.L
BCHN.L (Invesco Elwood Global Blockchain Ucits ETF) and KROG.L (Global X AgTech and Food Innovation UCITS ETF USD Accumulating) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from Invesco and Global X respectively. Both are passively managed. Over the past 3 years, BCHN.L returned 45.96%/yr vs 0.54%/yr for KROG.L. At a 0.42 correlation, their price movements are largely independent. BCHN.L charges 0.65%/yr vs 0.50%/yr for KROG.L.
Performance
BCHN.L vs. KROG.L - Performance Comparison
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Different Trading Currencies
BCHN.L is traded in USD, while KROG.L is traded in GBP. To make them comparable, the KROG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BCHN.L achieves a 25.82% return, which is significantly higher than KROG.L's 15.27% return.
BCHN.L
- 1D
- -2.12%
- 1M
- 10.57%
- YTD
- 25.82%
- 6M
- 16.47%
- 1Y
- 61.23%
- 3Y*
- 45.96%
- 5Y*
- 11.36%
- 10Y*
- —
KROG.L
- 1D
- 0.47%
- 1M
- -0.43%
- YTD
- 15.27%
- 6M
- 14.32%
- 1Y
- 11.50%
- 3Y*
- 0.54%
- 5Y*
- —
- 10Y*
- —
BCHN.L vs. KROG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BCHN.L Invesco Elwood Global Blockchain Ucits ETF | 25.82% | 45.50% | 17.30% | 66.38% | -44.96% |
KROG.L Global X AgTech and Food Innovation UCITS ETF USD Accumulating | 15.27% | 7.94% | -8.44% | -23.03% | -23.72% |
Correlation
The correlation between BCHN.L and KROG.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | 0.42 |
Over the past year, the correlation between BCHN.L and KROG.L has dropped to 0.12 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.
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Return for Risk
BCHN.L vs. KROG.L — Risk / Return Rank
BCHN.L
KROG.L
BCHN.L vs. KROG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Elwood Global Blockchain Ucits ETF (BCHN.L) and Global X AgTech and Food Innovation UCITS ETF USD Accumulating (KROG.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BCHN.L | KROG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.13 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 1.06 | +0.87 |
| Martin ratioReturn relative to average drawdown | 4.05 | 2.34 | +1.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BCHN.L | KROG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 0.71 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | -0.42 | +1.08 |
Drawdowns
BCHN.L vs. KROG.L - Drawdown Comparison
The maximum BCHN.L drawdown since its inception was -61.69%, which is greater than KROG.L's maximum drawdown of -53.14%. Use the drawdown chart below to compare losses from any high point for BCHN.L and KROG.L.
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Drawdown Indicators
| BCHN.L | KROG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.69% | -53.14% | -8.55% |
Max Drawdown (1Y)Largest decline over 1 year | -31.54% | -10.76% | -20.78% |
Max Drawdown (3Y)Largest decline over 3 years | -36.39% | -29.25% | -7.14% |
Max Drawdown (5Y)Largest decline over 5 years | -61.11% | — | — |
Current DrawdownCurrent decline from peak | -4.60% | -37.48% | +32.88% |
Average DrawdownAverage peak-to-trough decline | -23.68% | -37.00% | +13.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.09% | 4.91% | +10.18% |
Volatility
BCHN.L vs. KROG.L - Volatility Comparison
Invesco Elwood Global Blockchain Ucits ETF (BCHN.L) has a higher volatility of 11.58% compared to Global X AgTech and Food Innovation UCITS ETF USD Accumulating (KROG.L) at 6.11%. This indicates that BCHN.L's price experiences larger fluctuations and is considered to be riskier than KROG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCHN.L | KROG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.58% | 6.11% | +5.47% |
Volatility (6M)Calculated over the trailing 6-month period | 26.89% | 12.61% | +14.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.59% | 16.06% | +24.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.82% | 21.20% | +17.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.68% | 21.20% | +15.48% |
BCHN.L vs. KROG.L - Expense Ratio Comparison
BCHN.L has a 0.65% expense ratio, which is higher than KROG.L's 0.50% expense ratio.
Dividends
BCHN.L vs. KROG.L - Dividend Comparison
Neither BCHN.L nor KROG.L has paid dividends to shareholders.
Frequently Asked Questions
BCHN.L and KROG.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KROG.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KROG.L is cheaper with a 0.50% expense ratio, compared with 0.65% for BCHN.L.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.65% for BCHN.L and 0.50% for KROG.L.
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