BGX.L vs. SX5S.L
BGX.L (Expat Bulgaria SOFIX UCITS ETF) and SX5S.L (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds - BGX.L tracks the SOFIX Index while SX5S.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, BGX.L returned 12.34%/yr vs 12.34%/yr for SX5S.L. At a 0.10 correlation, their price movements are largely independent.
Performance
BGX.L vs. SX5S.L - Performance Comparison
Loading charts...
Different Trading Currencies
BGX.L is traded in EUR, while SX5S.L is traded in GBp. To make them comparable, the SX5S.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, BGX.L achieves a 6.06% return, which is significantly lower than SX5S.L's 10.76% return.
BGX.L
- 1D
- -0.12%
- 1M
- -0.28%
- 6M
- -11.22%
- YTD
- 6.06%
- 1Y
- 17.12%
- 3Y*
- 18.92%
- 5Y*
- 12.34%
- 10Y*
- —
SX5S.L
- 1D
- -0.27%
- 1M
- 0.67%
- 6M
- 6.37%
- YTD
- 10.76%
- 1Y
- 20.00%
- 3Y*
- 15.59%
- 5Y*
- 12.34%
- 10Y*
- 10.85%
BGX.L vs. SX5S.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BGX.L Expat Bulgaria SOFIX UCITS ETF | 6.06% | 26.55% | 14.63% | 18.28% | -9.77% | 33.45% | -18.72% | -10.38% | -6.25% |
SX5S.L Invesco EURO STOXX 50 UCITS ETF | 10.76% | 21.02% | 11.26% | 22.45% | -8.52% | 22.55% | -2.59% | 29.42% | -11.60% |
Correlation
The correlation between BGX.L and SX5S.L is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2018 | 0.10 |
The correlation between BGX.L and SX5S.L shifts across timeframes, from -0.02 (1 year) to 0.12 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BGX.L vs. SX5S.L — Risk / Return Rank
BGX.L
SX5S.L
BGX.L vs. SX5S.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Bulgaria SOFIX UCITS ETF (BGX.L) and Invesco EURO STOXX 50 UCITS ETF (SX5S.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.
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 | SX5S.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.24 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 1.84 | -0.74 |
| Martin ratioReturn relative to average drawdown | 2.09 | 6.32 | -4.23 |
Loading charts...
Drawdowns
BGX.L vs. SX5S.L - Drawdown Comparison
The maximum BGX.L drawdown since its inception was -36.41%, smaller than the maximum SX5S.L drawdown of -38.87%. Use the drawdown chart below to compare losses from any high point for BGX.L and SX5S.L.
Loading charts...
Drawdown Indicators
| BGX.L | SX5S.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.41% | -38.87% | +2.46% |
Max Drawdown (1Y)Largest decline over 1 year | -16.13% | -10.84% | -5.29% |
Max Drawdown (3Y)Largest decline over 3 years | -16.13% | -16.02% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -17.72% | -23.42% | +5.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.87% | — |
Current DrawdownCurrent decline from peak | -13.26% | -2.19% | -11.07% |
Average DrawdownAverage peak-to-trough decline | -12.33% | -6.61% | -5.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.45% | 3.16% | +5.29% |
Volatility
BGX.L vs. SX5S.L - Volatility Comparison
The current volatility for Expat Bulgaria SOFIX UCITS ETF (BGX.L) is 1.97%, while Invesco EURO STOXX 50 UCITS ETF (SX5S.L) has a volatility of 4.26%. This indicates that BGX.L experiences smaller price fluctuations and is considered to be less risky than SX5S.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BGX.L | SX5S.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.97% | 4.26% | -2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 8.19% | 12.80% | -4.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.95% | 15.58% | -1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.88% | 17.39% | -3.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.32% | 18.05% | -3.73% |
Dividends
BGX.L vs. SX5S.L - Dividend Comparison
Neither BGX.L nor SX5S.L has paid dividends to shareholders.
Frequently Asked Questions
BGX.L and SX5S.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGX.L tracks SOFIX Index, while SX5S.L tracks MSCI EMU NR EUR. They also come from different issuers: Expat and Invesco.
Find the right allocation for BGX.L and SX5S.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer