BKCG.L vs. GXLK.L
BKCG.L (Global X Blockchain UCITS ETF USD Accumulating) and GXLK.L (SPDR S&P US Technology Select Sector UCITS ETF) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from Global X and State Street respectively. Both are passively managed. Over the past 3 years, BKCG.L returned 49.06%/yr vs 25.59%/yr for GXLK.L. At a 0.48 correlation, their price movements are largely independent. BKCG.L charges 0.50%/yr vs 0.15%/yr for GXLK.L.
Performance
BKCG.L vs. GXLK.L - Performance Comparison
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Returns By Period
In the year-to-date period, BKCG.L achieves a 31.06% return, which is significantly higher than GXLK.L's 19.29% return.
BKCG.L
- 1D
- 0.00%
- 1M
- -6.34%
- YTD
- 31.06%
- 6M
- 22.36%
- 1Y
- 90.41%
- 3Y*
- 49.06%
- 5Y*
- —
- 10Y*
- —
GXLK.L
- 1D
- 0.00%
- 1M
- -0.35%
- YTD
- 19.29%
- 6M
- 19.45%
- 1Y
- 42.68%
- 3Y*
- 25.59%
- 5Y*
- 12.66%
- 10Y*
- 21.00%
BKCG.L vs. GXLK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BKCG.L Global X Blockchain UCITS ETF USD Accumulating | 31.06% | 23.16% | 6.98% | 308.25% | -77.39% |
GXLK.L SPDR S&P US Technology Select Sector UCITS ETF | 19.29% | 15.88% | 24.73% | 48.31% | -33.39% |
Correlation
The correlation between BKCG.L and GXLK.L is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2022 | 0.48 |
The correlation between BKCG.L and GXLK.L has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.
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Return for Risk
BKCG.L vs. GXLK.L — Risk / Return Rank
BKCG.L
GXLK.L
BKCG.L vs. GXLK.L - 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 SPDR S&P US Technology Select Sector UCITS ETF (GXLK.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.
| BKCG.L | GXLK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.35 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 2.57 | -0.89 |
| Martin ratioReturn relative to average drawdown | 2.98 | 6.40 | -3.42 |
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Drawdowns
BKCG.L vs. GXLK.L - Drawdown Comparison
The maximum BKCG.L drawdown since its inception was -82.56%, which is greater than GXLK.L's maximum drawdown of -43.09%. Use the drawdown chart below to compare losses from any high point for BKCG.L and GXLK.L.
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Drawdown Indicators
| BKCG.L | GXLK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.56% | -43.09% | -39.47% |
Max Drawdown (1Y)Largest decline over 1 year | -54.08% | -16.67% | -37.41% |
Max Drawdown (3Y)Largest decline over 3 years | -57.72% | -28.24% | -29.48% |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.09% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.09% | — |
Current DrawdownCurrent decline from peak | -28.28% | -5.98% | -22.30% |
Average DrawdownAverage peak-to-trough decline | -43.14% | -8.58% | -34.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.39% | 6.68% | +23.71% |
Volatility
BKCG.L vs. GXLK.L - Volatility Comparison
Global X Blockchain UCITS ETF USD Accumulating (BKCG.L) has a higher volatility of 17.13% compared to SPDR S&P US Technology Select Sector UCITS ETF (GXLK.L) at 8.47%. This indicates that BKCG.L's price experiences larger fluctuations and is considered to be riskier than GXLK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKCG.L | GXLK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.13% | 8.47% | +8.66% |
Volatility (6M)Calculated over the trailing 6-month period | 45.50% | 15.38% | +30.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.81% | 20.75% | +48.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.53% | 24.43% | +50.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.53% | 24.26% | +50.27% |
BKCG.L vs. GXLK.L - Expense Ratio Comparison
BKCG.L has a 0.50% expense ratio, which is higher than GXLK.L's 0.15% expense ratio.
Dividends
BKCG.L vs. GXLK.L - Dividend Comparison
Neither BKCG.L nor GXLK.L has paid dividends to shareholders.
Frequently Asked Questions
BKCG.L and GXLK.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GXLK.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXLK.L is cheaper with a 0.15% expense ratio, compared with 0.50% for BKCG.L.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: Global X and State Street. Their fees differ too: 0.50% for BKCG.L and 0.15% for GXLK.L.
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