BKCG.L vs. BLKC
BKCG.L (Global X Blockchain UCITS ETF USD Accumulating) and BLKC (Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF) are both exchange-traded funds - BKCG.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while BLKC is a Cryptocurrency fund tracking the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index. Both are passively managed. A 0.61 correlation means they provide meaningful diversification when combined. BKCG.L charges 0.50%/yr vs 0.60%/yr for BLKC.
Performance
BKCG.L vs. BLKC - Performance Comparison
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Different Trading Currencies
BKCG.L is traded in GBP, while BLKC is traded in USD. To make them comparable, the BLKC values have been converted to GBP using the latest available exchange rates.
Returns By Period
BKCG.L
- 1D
- -3.52%
- 1M
- 10.26%
- YTD
- 35.75%
- 6M
- 10.16%
- 1Y
- 105.28%
- 3Y*
- 56.44%
- 5Y*
- —
- 10Y*
- —
BLKC
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BKCG.L vs. BLKC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BKCG.L Global X Blockchain UCITS ETF USD Accumulating | 35.75% | 23.16% | 6.98% | 308.24% | -77.39% |
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF | -12.58% | 5.69% | 49.39% | 117.40% | -50.26% |
Correlation
The correlation between BKCG.L and BLKC is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2022 | 0.61 |
The correlation between BKCG.L and BLKC has been stable across timeframes, ranging from 0.52 to 0.61 - a consistent structural relationship.
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Return for Risk
BKCG.L vs. BLKC — Risk / Return Rank
BKCG.L
BLKC
BKCG.L vs. BLKC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain UCITS ETF USD Accumulating (BKCG.L) and Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC). 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.
| BKCG.L | BLKC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | — | — |
| Martin ratioReturn relative to average drawdown | 3.51 | — | — |
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
| BKCG.L | BLKC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | — | — |
Drawdowns
BKCG.L vs. BLKC - Drawdown Comparison
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Drawdown Indicators
| BKCG.L | BLKC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.56% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -54.08% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -57.72% | — | — |
Current DrawdownCurrent decline from peak | -25.72% | — | — |
Average DrawdownAverage peak-to-trough decline | -43.37% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.84% | — | — |
Volatility
BKCG.L vs. BLKC - Volatility Comparison
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Volatility by Period
| BKCG.L | BLKC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.30% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 45.66% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 67.15% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.54% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.54% | — | — |
BKCG.L vs. BLKC - Expense Ratio Comparison
BKCG.L has a 0.50% expense ratio, which is lower than BLKC's 0.60% expense ratio.
Dividends
BKCG.L vs. BLKC - Dividend Comparison
BKCG.L has not paid dividends to shareholders, while BLKC's dividend yield for the trailing twelve months is around 4.39%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BKCG.L Global X Blockchain UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF | 4.39% | 7.72% | 19.66% | 1.92% | 5.40% | 0.51% |
Frequently Asked Questions
BKCG.L and BLKC have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BKCG.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BKCG.L is cheaper with a 0.50% expense ratio, compared with 0.60% for BLKC.
BKCG.L is categorized as Technology Equities, while BLKC is Cryptocurrency. BKCG.L tracks MSCI World/Information Tech NR USD, while BLKC tracks Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.50% for BKCG.L and 0.60% for BLKC.
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